Fourplex with Covered
For Sale
$750,000
1481 S MONROE BLVD E, Ogden, UT 84404
Four two-bedroom residences include exterior storage and access to a rear lawn.
Property Size2 SF
Price / SF$209.50
Days on Market9
Property Features for 1481 S MONROE BLVD E
General Information
Standard status
Active
Size
2 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Building Details
Building Size
2 SF
Year Built
1998
Buildings
1
Listing Agency:
Lift Realty
Listed By:
Spencer Clawson · License #6608967-PB00
(801) 636-8426
Source:
Liftrealty
Added: Oct 20
Changed: Oct 27
Last Checked: Oct 26 at 2:28PM
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 Lift Realty
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Investment Insights
Based on property information with market context.
This fourplex contains four two-bedroom, one-bath units, totaling 3,580 square feet. Each residence has living and dining areas, while covered parking and exterior storage serve the property. The building was constructed in 1998, and a rear lawn adds shared outdoor space.
The property is in Ogden, Utah, at 1481 S Monroe Blvd E. Utility responsibilities are divided between owner and tenants: the owner pays water, city utilities and dumpster service, while tenants cover gas, electricity and Wi-Fi.
The property is in Ogden, Utah, at 1481 S Monroe Blvd E. Utility responsibilities are divided between owner and tenants: the owner pays water, city utilities and dumpster service, while tenants cover gas, electricity and Wi-Fi.
Key Highlights
- Four units, each with two bedrooms and one bath
- 3,580 square feet; built in 1998
- Covered parking and exterior storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,380
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,600
$707.6K
Cap Rate 7%
$505,429
$505.4K
Cap Rate 9%
$393,111
$393.1K
Market Conditions
NOI Build-Up for 3,580 SF
Gross rent
$55.8K $15.60/SF
− Vacancy
−$5.3K −$1.48/SF
EGI
$50.5K $14.12/SF
− OpEx
−$15.2K −$4.24/SF
NOI
$35.4K $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 Rate 5%
$707,600
Cap Rate 7%
$505,429
Cap Rate 9%
$393,111
Alternative Uses
Best Use
Multifamily LT 5
$505.4K
$442.3K – $589.7K
NOI $35,380 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$440.5K
$385.4K – $513.9K
NOI $30,835 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$825.7K
$722.5K – $963.3K
NOI $57,799 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences include exterior storage and access to a rear lawn.
Where is this quadplex located?
The property is located at 1481 S MONROE BLVD E Ogden, UT.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four units, each with two bedrooms and one bath; 3,580 square feet; built in 1998; Covered parking and exterior storage
