Duplex with Annual
For Sale
$525,000
174 E SOUTHWELL St, Ogden, UT 84404
Residential, Ogden, UT
Property Size2,538 SF
Lot Size0.26 Acres
Price / SF$206.86
Days on Market47
Property Features for 174 E SOUTHWELL St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Single-Family, Multi-Fami
Zoning description
DUPLEX
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 4
Parking
2
Window features
Blinds
Interior features
Dishwasher: Built-In
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
12-154-0002
Size
2,538 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Annual Amount
3407
Utilities
Heating system
Central, Forced Air, Natural Gas
Building Details
Year built
2001
Number of units
2
Flooring type
Laminate, Linoleum, Carpet
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Welch Randall Real Estate Services
(801) 399-5883
Listed By:
Bradley S. Randall
(801) 318-6305
Added: Aug 11
Changed: Sep 11
Last Checked: Sep 26 at 5:06AM
MLS# 2177942
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, built in 2001, contains two residential units and is located on a 0.26-acre parcel in Ogden. Interior features include built-in dishwashers, while flooring combines carpet, linoleum, and laminate. Heating is provided by natural gas, forced air, and central systems, with an asphalt roof overhead.
Both units are occupied under annual leases and supported by professional third-party management. The property is zoned for single-family and multi-family use. It is offered as one of four separately listed duplexes that may be acquired together under one REPC, with the broader transaction structured as a 1031 Exchange.
Both units are occupied under annual leases and supported by professional third-party management. The property is zoned for single-family and multi-family use. It is offered as one of four separately listed duplexes that may be acquired together under one REPC, with the broader transaction structured as a 1031 Exchange.
Key Highlights
- 2,538‑square‑foot duplex on a 0.26‑acre parcel
- Built in 2001 with an asphalt roof
- Two units under annual leases
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
$25,082
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
4.78%
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%
$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
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
$39.6K $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 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%
$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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
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
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 - Two-unit residential property with professional management and established lease terms.
Where is this duplex located?
The property is located at 174 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 on a 0.26‑acre parcel; Built in 2001 with an asphalt roof; Two units under annual leases
