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Brick Duplex with Annual Leases
For Sale
$525,000

168 E SOUTHWELL St, Ogden, UT 84404

Residential, Ogden, UT

Property Size2,538 SF
Lot Size0.26 Acres
Price / SF$206.86
Days on Market49

Property Features for 168 E SOUTHWELL St

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning Multi-Family
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 4
Parking 2
Window features Blinds
Lot features Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto- Full, View: Valley
View Valley
Elementary school Heritage
Middle school Highland
High school Ben Lomond
Elementary school district Ogden
Middle school district Ogden
High school district Ogden
Subdivision Ogdn; FarrW; Hrsvl; Pln Cty.
Standard status Active
APN 12-154-0001
Size 2,538 SF
Lot size 0.26 Acres

Taxes and HOA fees

Tax Annual Amount 3408

Utilities

Heating system Forced Air, Natural Gas, Central

Building Details

Year built 2001
Number of units 2
Flooring type Carpet, Linoleum
Building materials Brick
Architectural style Other
Listing Agency: Welch Randall Real Estate Services
Listed By: Bradley S. Randall
Added: Aug 19 Changed: Sep 26 Last Checked: Oct 6 at 2:06PM
MLS# 2179648

Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,538-square-foot duplex at 168 E SOUTHWELL St includes two residential units and was built in 2001. Brick construction, carpet and linoleum flooring, and natural-gas central forced-air heating serve the property. The interior room data identifies six bedrooms and three bathrooms across the building.

The property is zoned Multi-Family and occupies 0.26 acres in Ogden, Utah. Both units are under professional third-party management, with annual leases currently in place. This duplex is also being offered as part of a larger sale involving four separately listed duplexes, with the option for the properties to be conveyed under one REPC.

Key Highlights

  • 2,538 square feet on 0.26 acres
  • Duplex with two residential units
  • Built in 2001 with brick construction

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 (±1% cap)
NOI $25,082 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$312.3K
$273.3K – $364.3K (±1% cap)
NOI $21,860 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$585.4K
$512.2K – $682.9K (±1% cap)
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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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office (Bike/Boat/Book/etc) Store Parking Lot & Garage Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

495
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Professionally managed two-unit property under annual leases in Ogden.
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 feet on 0.26 acres; Duplex with two residential units; Built in 2001 with brick construction
More about this property
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