Updated Brick
For Sale
$470,000
1021 20 ST, Ogden, UT 84401
Two separate apartments offer distinct layouts, refreshed finishes, and updated building systems.
Property Size2,130 SF
Price / SF$220.66
Days on Market27
Property Features for 1021 20 ST
General Information
Standard status
Active
Size
2,130 SF
Property subtype
Duplex
Building Details
Building Size
2,130 SF
Year Built
1924
Listing Agency:
THE REAL ESTATE ADVISORS INC.
(801) 775-9777
Listed By:
Deborah Hart
(801) 775-9777
Source:
Liftrealty
Added: Jul 16
Changed: Aug 11
Last Checked: Aug 11 at 6:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of THE REAL ESTATE ADVISORS INC.
Investment Insights
Based on property information with market context.
This 2,130-square-foot brick duplex, built in 1924, has undergone extensive updates to its sewer, plumbing, electrical, windows, landscaping, and exterior paint. The upper apartment includes two bedrooms, one bathroom, an open-concept layout, hardwood floors, a fireplace, a covered patio, updated appliances, and newer lighting. A long-term tenant occupies the unit under a month-to-month arrangement.
The basement apartment provides two bedrooms and two tile bathrooms, along with a remodeled kitchen, appliances, new doors, LVP flooring, and fresh paint. The property is located at 1021 20 ST in Ogden, Utah.
The basement apartment provides two bedrooms and two tile bathrooms, along with a remodeled kitchen, appliances, new doors, LVP flooring, and fresh paint. The property is located at 1021 20 ST in Ogden, Utah.
Key Highlights
- 2,130‑square‑foot brick duplex at 1021 20 ST, Ogden, UT 84401
- Built in 1924 with updated sewer, plumbing, electrical, windows, landscaping, and exterior paint
- Upper apartment offers 2 bedrooms, 1 bathroom, hardwood floors, fireplace, and covered patio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,050
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$421,000
$421.0K
Cap Rate 7%
$300,714
$300.7K
Cap Rate 9%
$233,889
$233.9K
Market Conditions
NOI Build-Up for 2,130 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$33.2K $15.60/SF
− Vacancy
−$3.2K −$1.48/SF
EGI
$30.1K $14.12/SF
− OpEx
−$9.0K −$4.24/SF
NOI
$21.0K $9.88/SF
Area
Weber County, UT
Vacancy
9.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$421,000
Cap Rate 7%
$300,714
Cap Rate 9%
$233,889
Alternative Uses
Best Use
Multifamily LT 5
$300.7K
$263.1K – $350.8K
NOI $21,050 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$262.1K
$229.3K – $305.8K
NOI $18,346 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$491.3K
$429.9K – $573.2K
NOI $34,389 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
Explore this area
Business Placement
Demographics for 84401, UT
42,968
Population
18,615
Households
2.3
Avg Household Size
32
Median Age
26%
College-Educated
90%
High-School Grad
30.7 sq mi
ZIP Area
1,400
Density / Sq Mi
$77,333
Median Household Income
$41,295
Median Earnings
$1,179
Median Rent
$410,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments offer distinct layouts, refreshed finishes, and updated building systems.
Where is this duplex located?
The property is located at 1021 20 ST Ogden, UT.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 2,130‑square‑foot brick duplex at 1021 20 ST, Ogden, UT 84401; Built in 1924 with updated sewer, plumbing, electrical, windows, landscaping, and exterior paint; Upper apartment offers 2 bedrooms, 1 bathroom, hardwood floors, fireplace, and covered patio
