Managed Duplex with Annual
For Sale
$525,000
168 E SOUTHWELL ST, Ogden, UT 84404
Two-unit residential income property with professional management and established annual tenancy.
Property Size2,538 SF
Price / SF$206.86
Days on Market51
Property Features for 168 E SOUTHWELL ST
General Information
Standard status
Active
Size
2,538 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Building Size
2,538 SF
Year Built
2001
Buildings
1
Listing Agency:
Welch Randall Real Estate Services
(801) 399-5883
Listed By:
Bradley S. Randall
(801) 318-6305
Source:
Liftrealty
Added: Aug 19
Changed: Oct 7
Last Checked: Oct 7 at 12:41PM
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 Welch Randall Real Estate Services
Investment Insights
Based on property information with market context.
This duplex contains Units A and B within a 2,538-square-foot residential income property completed in 2001. The asset is currently overseen by a professional third-party management company, with annual lease agreements in place for the units.
The property is offered separately alongside three additional duplexes at 174 Southwell, 178 Southwell, and 170 N Pingree in Ogden. The four properties may also be combined under one REPC, providing flexibility for a broader acquisition. The offering is associated with a 1031 Exchange.
The property is offered separately alongside three additional duplexes at 174 Southwell, 178 Southwell, and 170 N Pingree in Ogden. The four properties may also be combined under one REPC, providing flexibility for a broader acquisition. The offering is associated with a 1031 Exchange.
Key Highlights
- 2,538‑square‑foot duplex completed in 2001
- Includes Units A and B
- Professional third‑party management in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,082
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,640
$501.6K
Cap Rate 7%
$358,314
$358.3K
Cap Rate 9%
$278,689
$278.7K
Market Conditions
NOI Build-Up for 2,538 SF
Gross rent
$39.6K $15.60/SF
− Vacancy
−$3.8K −$1.48/SF
EGI
$35.8K $14.12/SF
− OpEx
−$10.7K −$4.24/SF
NOI
$25.1K $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%
$501,640
Cap Rate 7%
$358,314
Cap Rate 9%
$278,689
Alternative Uses
Best Use
Multifamily LT 5
$358.3K
$313.5K – $418.0K
NOI $25,082 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$312.3K
$273.3K – $364.3K
NOI $21,860 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$585.4K
$512.2K – $682.9K
NOI $40,976 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open 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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with professional management and established annual tenancy.
Where is this duplex located?
The property is located at 168 E SOUTHWELL ST Ogden, UT.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,538‑square‑foot duplex completed in 2001; Includes Units A and B; Professional third‑party management in place
