For Sale
$469,900
1045 S 1200 W, Ogden, UT 84404
Residential, Ogden, UT
Property Size2,246 SF
Lot Size0.03 Acres
Price / SF$209.22
Days on Market200
Property Features for 1045 S 1200 W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Zoning description
R-3
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 6
Parking
2
Window features
Blinds
Patio and Porch features
Patio
Interior features
Closet: Walk-In, Disposal, Range/Oven: Free Stdng., Dishwasher: Built-In
Exterior features
Balcony, Double Pane Windows, Patio: Open
Subdivision
TOWNHOUSE ESTATES
Lot features
Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Manual- Full, View: Mountain
Elementary school
West Weber
Middle school
Wahlquist
High school
Fremont
Elementary school district
Weber
Middle school district
Weber
High school district
Weber
Standard status
Active
APN
15-407-0010
Size
2,246 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
2415
HOA Fee
$170 Monthly
Utilities
Heating system
Natural Gas, Central
Amenities
crawl space storage
Building Details
Year built
2007
Floors in Building
3
Number of units
2
Flooring type
Carpet, Tile
Building materials
Aluminum, Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
EXP Realty, LLC
(801) 499-6087
Listed By:
Sharida Tucker
(801) 643-6218
Added: Mar 18
Changed: Oct 2
Last Checked: Oct 3 at 10:06PM
MLS# 2144209
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2007 duplex contains 2246 square feet across two residences identified as units 53 and 54. The property sits on a 0.03-acre lot and is zoned Multi-Family. Interior features include walk-in closets, built-in dishwashers, ranges, and disposals; exterior features include balconies, an open patio, and double-pane windows. Crawl-space storage is also available.
Both units are tenant-occupied under leases ending 10/31/2026. The HOA is responsible for exterior maintenance. The property is minutes from I-15 and across from the IRS building.
Both units are tenant-occupied under leases ending 10/31/2026. The HOA is responsible for exterior maintenance. The property is minutes from I-15 and across from the IRS building.
Key Highlights
- Two residences, identified as units 53 and 54
- 2246 square feet on a 0.03‑acre lot
- Built in 2007; zoned Multi‑Family
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
$22,196
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
4.72%
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%
$443,920
$443.9K
Cap Rate 7%
$317,086
$317.1K
Cap Rate 9%
$246,622
$246.6K
Market Conditions
NOI Build-Up for 2,246 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
$35.0K $15.60/SF
− Vacancy
−$3.3K −$1.48/SF
EGI
$31.7K $14.12/SF
− OpEx
−$9.5K −$4.24/SF
NOI
$22.2K $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%
$443,920
Cap Rate 7%
$317,086
Cap Rate 9%
$246,622
Alternative Uses
Best Use
Multifamily LT 5
$317.1K
$277.5K – $369.9K
NOI $22,196 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$276.4K
$241.8K – $322.4K
NOI $19,345 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$518.0K
$453.3K – $604.4K
NOI $36,262 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Explore this area
Business Placement
Demographics for 84404, UT
66,382
Population
23,907
Households
2.8
Avg Household Size
32
Median Age
22%
College-Educated
89%
High-School Grad
96.3 sq mi
ZIP Area
689
Density / Sq Mi
$81,917
Median Household Income
$42,844
Median Earnings
$1,304
Median Rent
$352,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased through 10/31/2026, with exterior maintenance handled by the HOA.
Where is this duplex located?
The property is located at 1045 S 1200 W Ogden, UT.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Two residences, identified as units 53 and 54; 2246 square feet on a 0.03‑acre lot; Built in 2007; zoned Multi‑Family
