Two-Unit Duplex with New
For Sale
$560,000
133 N Pingree Ave, Ogden, UT 84404
Corner-lot property with two three-bedroom residences, private parking pads, and partially fenced outdoor space.
Property Size2,576 SF
Price / SF$217.39
Days on Market24
Property Features for 133 N Pingree Ave
General Information
Standard status
Active
Size
2,576 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Multifamily Units
2
Parking per Unit
2
Amenities
partially fenced backyard
Building Details
Year Built
2000
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices Utah Properties (So Ogden)
(801) 781-2223
Listed By:
Joe Holden
Source:
Liveutah
Added: Aug 6
Changed: Aug 28
Last Checked: Aug 28 at 12:37PM
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 Berkshire Hathaway HomeServices Utah Properties (So Ogden)
Investment Insights
Based on property information with market context.
Built in 2000, this duplex contains two separate residences, each with three bedrooms, two bathrooms, and comfortable living areas. The 2,576-square-foot property includes a dedicated two-car parking pad for each unit, while the partially fenced backyard provides defined outdoor space for residents. A new roof was installed in November 2025.
Positioned on a corner lot at 133 N Pingree Ave in Ogden, the property combines a two-unit layout with features suited to residential income ownership. Both units share the same practical bedroom and bath configuration, creating a consistent setup across the building.
Positioned on a corner lot at 133 N Pingree Ave in Ogden, the property combines a two-unit layout with features suited to residential income ownership. Both units share the same practical bedroom and bath configuration, creating a consistent setup across the building.
Key Highlights
- 2,576 square feet across two residential units
- Each unit includes 3 bedrooms and 2 bathrooms
- Dedicated two‑car parking pad for each unit
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
$25,458
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
4.55%
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%
$509,160
$509.2K
Cap Rate 7%
$363,686
$363.7K
Cap Rate 9%
$282,867
$282.9K
Market Conditions
NOI Build-Up for 2,576 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
$40.2K $15.60/SF
− Vacancy
−$3.8K −$1.48/SF
EGI
$36.4K $14.12/SF
− OpEx
−$10.9K −$4.24/SF
NOI
$25.5K $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%
$509,160
Cap Rate 7%
$363,686
Cap Rate 9%
$282,867
Alternative Uses
Best Use
Multifamily LT 5
$363.7K
$318.2K – $424.3K
NOI $25,458 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$317.0K
$277.3K – $369.8K
NOI $22,187 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$594.1K
$519.9K – $693.2K
NOI $41,589 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
506
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot property with two three-bedroom residences, private parking pads, and partially fenced outdoor space.
Where is this duplex located?
The property is located at 133 N Pingree Ave Ogden, UT.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: 2,576 square feet across two residential units; Each unit includes 3 bedrooms and 2 bathrooms; Dedicated two‑car parking pad for each unit
