All-Brick Duplex with Large
For Sale
$515,000
1146 E HARROP S, Ogden, UT 84403
Two-unit residential property with a large yard near Ogden’s East Bench trail system.
Property Size2,625 SF
Price / SF$196.19
Days on Market9
Property Features for 1146 E HARROP S
General Information
Standard status
Active
Size
2,625 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
large yard
Building Details
Building Size
2,625 SF
Year Built
1963
Buildings
1
Construction
all-brick
Listing Agency:
Utah Executive Real Estate LC
(801) 941-8400
Listed By:
Spencer Clawson
(801) 636-8426
Source:
Liftrealty
Added: Aug 21
Changed: Aug 27
Last Checked: Aug 28 at 11:25AM
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 Utah Executive Real Estate LC
Investment Insights
Based on property information with market context.
This two-unit residential property features all-brick construction, a larger unit with room to configure a fifth bedroom, and a substantial yard for outdoor use. The duplex format supports both owner-occupancy and rental ownership strategies, with each side offering residential living space.
Located near Ogden’s East Bench trail system, the property provides access to hiking, biking, and other outdoor recreation. The address is 1146 E Harrop S, Ogden, UT 84403. Built in 1963, the property offers an established residential configuration with outdoor space and proximity to the trail network.
Located near Ogden’s East Bench trail system, the property provides access to hiking, biking, and other outdoor recreation. The address is 1146 E Harrop S, Ogden, UT 84403. Built in 1963, the property offers an established residential configuration with outdoor space and proximity to the trail network.
Key Highlights
- All‑brick duplex with two residential units
- Larger unit offers flexibility for a fifth bedroom
- Large yard suitable for recreation, entertaining, gardening, or relaxation
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
$25,942
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
5.04%
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%
$518,840
$518.8K
Cap Rate 7%
$370,600
$370.6K
Cap Rate 9%
$288,244
$288.2K
Market Conditions
NOI Build-Up for 2,625 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
$41.0K $15.60/SF
− Vacancy
−$3.9K −$1.48/SF
EGI
$37.1K $14.12/SF
− OpEx
−$11.1K −$4.24/SF
NOI
$25.9K $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%
$518,840
Cap Rate 7%
$370,600
Cap Rate 9%
$288,244
Alternative Uses
Best Use
Multifamily LT 5
$370.6K
$324.3K – $432.4K
NOI $25,942 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$323.0K
$282.6K – $376.8K
NOI $22,609 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$605.4K
$529.8K – $706.4K
NOI $42,381 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
157
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
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 - Two-unit residential property with a large yard near Ogden’s East Bench trail system.
Where is this duplex located?
The property is located at 1146 E HARROP S Ogden, UT.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: All‑brick duplex with two residential units; Larger unit offers flexibility for a fifth bedroom; Large yard suitable for recreation, entertaining, gardening, or relaxation
