Mid-Century Duplex with
1070 40th Street Ogden, UT 84403
1070 40th Street, Ogden, UT, 84403
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For Sale
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Built in 1956, this duplex offers a 2-bedroom and an oversized 3-bedroom unit, plus a large grassy backyard.
Property Size2,536 SF
Price / SF$236.20
Days on Market35
Property Features for 1070 40th Street
General Information
- Standard status
- Active
- Size
- 2,536 SF
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 1956
Listing agency
CBRE - Salt Lake City
Listed by
Vicente Cantua · License #11260013-SA00
Source
Crexi
Added: Jun 19 Updated: Jul 22 at 12:03PM Checked: Jul 22 at 12:03PM
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 CBRE - Salt Lake City
Investment Insights
Based on property information with market context.
1070 40th Street is a mid-century duplex built in 1956 with classic brick exterior character. The property totals 2,572 square feet and includes one 2-bedroom/1-bath unit and one oversized 3-bedroom/1-bath unit. Unit 2 features recently updated flooring, and the property includes a large grassy backyard, an uncommon amenity described as supporting carport or storage expansion potential. The duplex is offered as-is in value-add condition, with both units presented as having a clear renovation runway.
The property is located directly west of Weber State University in one of Ogden’s more desirable residential neighborhoods. The configuration is described as having the scale and lot depth typical of the best workforce housing stock in the submarket.
Unit 2 is currently leased at $1,100 per month (signed January 2026) and described as below a $1,700 market median, creating a stated $600 monthly gap. Unit 1 is leased at $1,415 per month and is described as closer to market while still benefiting from cosmetic renovation.
The property is located directly west of Weber State University in one of Ogden’s more desirable residential neighborhoods. The configuration is described as having the scale and lot depth typical of the best workforce housing stock in the submarket.
Unit 2 is currently leased at $1,100 per month (signed January 2026) and described as below a $1,700 market median, creating a stated $600 monthly gap. Unit 1 is leased at $1,415 per month and is described as closer to market while still benefiting from cosmetic renovation.
Key Highlights
- Mid‑century duplex built in 1956 with 2,572 SF total living area
- Unit mix: one 2‑bedroom/1‑bath unit and one oversized 3‑bedroom/1‑bath unit
- Unit 2 (3‑bed/1‑bath) recently updated flooring and is leased for $1,100/month
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.6k | $15.60 |
| − Vacancy | −$3.8k | −$1.48 |
| EGI | $35.8k | $14.12 |
| − OpEx | −$10.7k | −$4.24 |
| NOI | $25.1k | $9.88 |
2,536 SF · lease $15.60/SF/yr · vacancy 9.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$358.0K
$313.3K – $417.7K
NOI $25,062 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$312.0K
$273.0K – $364.1K
NOI $21,843 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$584.9K
$511.8K – $682.4K
NOI $40,944 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Built in 1956, this duplex offers a 2-bedroom and an oversized 3-bedroom unit, plus a large grassy backyard.
Where is this duplex located?
The property is located at 1070 40th Street Ogden, UT.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Mid‑century duplex built in 1956 with 2,572 SF total living area; Unit mix: one 2‑bedroom/1‑bath unit and one oversized 3‑bedroom/1‑bath unit; Unit 2 (3‑bed/1‑bath) recently updated flooring and is leased for $1,100/month
