Updated Duplex with Detached
New
For Sale
$424,900
619 28 Th St, Ogden, UT 84403
Two-unit property with separate laundry, fenced outdoor space, and recent interior and exterior improvements.
Property Size2,512 SF
Price / SF$169.15
Days on Market5
Property Features for 619 28 Th St
General Information
Standard status
Active
Size
2,512 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
fenced yard
Building Details
Year Built
1926
Buildings
1
Listing Agency:
Coldwell Banker Realty
(385) 335-0618
Listed By:
The Evans Team
(385) 335-0618
Source:
Evansteamutah
Added: Aug 25
Changed: Aug 27
Last Checked: Aug 28 at 10:16AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 2,512-square-foot duplex, built in 1926, includes two residences totaling 5 bedrooms and 3 bathrooms. The larger unit has 4 bedrooms, 2 full bathrooms, basement storage, and its own washer and dryer. The second residence provides 1 bedroom, 1 full bathroom, and separate laundry facilities. Appliances are included, and recent work includes new carpet, interior and exterior paint, blinds, exterior doors, and a garage door with opener.
The property also features a detached garage, fenced yard, and mountain views at 619 28 Th St in Ogden. Brand-new central air conditioning was added in 2026. The sewer main has been fully relined, and additional recent exterior work includes tree trimming and two-tone painting of the home and garage. Invoices and a video scope of the sewer line are available.
The property also features a detached garage, fenced yard, and mountain views at 619 28 Th St in Ogden. Brand-new central air conditioning was added in 2026. The sewer main has been fully relined, and additional recent exterior work includes tree trimming and two-tone painting of the home and garage. Invoices and a video scope of the sewer line are available.
Key Highlights
- 2,512‑square‑foot duplex with 2 units, 5 bedrooms, and 3 bathrooms
- Main unit offers 4 bedrooms, 2 full bathrooms, basement storage, and private washer/dryer
- Second unit includes 1 bedroom, 1 full bathroom, and its own washer/dryer
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
$24,825
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
5.84%
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%
$496,500
$496.5K
Cap Rate 7%
$354,643
$354.6K
Cap Rate 9%
$275,833
$275.8K
Market Conditions
NOI Build-Up for 2,512 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
$39.2K $15.60/SF
− Vacancy
−$3.7K −$1.48/SF
EGI
$35.5K $14.12/SF
− OpEx
−$10.6K −$4.24/SF
NOI
$24.8K $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%
$496,500
Cap Rate 7%
$354,643
Cap Rate 9%
$275,833
Alternative Uses
Best Use
Multifamily LT 5
$354.6K
$310.3K – $413.8K
NOI $24,825 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$309.1K
$270.5K – $360.6K
NOI $21,636 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$579.4K
$507.0K – $675.9K
NOI $40,556 @ 7.0% cap · market cap 9.54%
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
1,604
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 property with separate laundry, fenced outdoor space, and recent interior and exterior improvements.
Where is this duplex located?
The property is located at 619 28 Th St Ogden, UT.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: 2,512‑square‑foot duplex with 2 units, 5 bedrooms, and 3 bathrooms; Main unit offers 4 bedrooms, 2 full bathrooms, basement storage, and private washer/dryer; Second unit includes 1 bedroom, 1 full bathroom, and its own washer/dryer
