Updated Ogden
For Sale
$385,000
1057 DOXEY ST, Ogden, UT 84403
Refreshed duplex with updated kitchens, bathrooms, flooring, paint, and fixtures throughout.
Property Size2,224 SF
Price / SF$173.11
Days on Market105
Property Features for 1057 DOXEY ST
General Information
Standard status
Active
Size
2,224 SF
Property subtype
Duplex
Building Details
Building Size
2,224 SF
Year Built
1914
Listing Agency:
Real Broker, LLC
Listed By:
Levi Coleman
(435) 225-6824
Source:
Liftrealty
Added: Jun 3
Changed: Sep 14
Last Checked: Sep 15 at 7:06AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
Now offering updated duplex featuring refreshed kitchens with shaker cabinetry, updated countertops, modern flooring, neutral paint, updated bathrooms, and contemporary fixtures throughout.
The property is conveniently located near downtown Ogden, Weber State University, shopping, dining, and outdoor recreation.
Designed as a residential income property, it presents a turnkey setup for owner-occupants or investors seeking rental income.
The property is conveniently located near downtown Ogden, Weber State University, shopping, dining, and outdoor recreation.
Designed as a residential income property, it presents a turnkey setup for owner-occupants or investors seeking rental income.
Key Highlights
- Updated duplex (Year Built 1914) with refreshed kitchens featuring shaker cabinetry and updated countertops
- Modern flooring and neutral paint throughout
- Updated bathrooms with contemporary fixtures
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
$21,979
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
5.71%
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%
$439,580
$439.6K
Cap Rate 7%
$313,986
$314.0K
Cap Rate 9%
$244,211
$244.2K
Market Conditions
NOI Build-Up for 2,224 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
$34.7K $15.60/SF
− Vacancy
−$3.3K −$1.48/SF
EGI
$31.4K $14.12/SF
− OpEx
−$9.4K −$4.24/SF
NOI
$22.0K $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%
$439,580
Cap Rate 7%
$313,986
Cap Rate 9%
$244,211
Alternative Uses
Best Use
Multifamily LT 5
$314.0K
$274.7K – $366.3K
NOI $21,979 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$273.6K
$239.4K – $319.3K
NOI $19,155 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$512.9K
$448.8K – $598.4K
NOI $35,906 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
Explore this area
Business Placement
Demographics for 84403, UT
37,847
Population
14,587
Households
2.6
Avg Household Size
33
Median Age
34%
College-Educated
93%
High-School Grad
34.0 sq mi
ZIP Area
1,113
Density / Sq Mi
$84,589
Median Household Income
$41,227
Median Earnings
$1,172
Median Rent
$392,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Refreshed duplex with updated kitchens, bathrooms, flooring, paint, and fixtures throughout.
Where is this duplex located?
The property is located at 1057 DOXEY ST Ogden, UT.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Updated duplex (Year Built 1914) with refreshed kitchens featuring shaker cabinetry and updated countertops; Modern flooring and neutral paint throughout; Updated bathrooms with contemporary fixtures
