Leased Duplex
For Sale
$525,000
178 E SOUTHWELL ST, Ogden, UT 84404
Built in 2001, the property has annual leases and professional third-party management in place.
Property Size2,538 SF
Price / SF$206.86
Days on Market51
Property Features for 178 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 1:15PM
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 at 178 E Southwell St in Ogden contains two units and measures 2,538 square feet. Constructed in 2001, the property is operated by professional third-party management, with annual leases currently established for both units.
The duplex is one of four separately listed properties offered within a larger sale structure. Together, the four duplexes comprise eight units, and the properties may be acquired under one REPC. The transaction is structured as part of a 1031 Exchange.
The duplex is one of four separately listed properties offered within a larger sale structure. Together, the four duplexes comprise eight units, and the properties may be acquired under one REPC. The transaction is structured as part of a 1031 Exchange.
Key Highlights
- Two‑unit duplex measuring 2,538 square feet
- Built in 2001
- Annual leases in place for both units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Built in 2001, the property has annual leases and professional third-party management in place.
Where is this duplex located?
The property is located at 178 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: Two‑unit duplex measuring 2,538 square feet; Built in 2001; Annual leases in place for both units
