Duplex with Renovated
New
For Sale
$374,900
1967 S Monroe E, Ogden, UT 84401
The vacant lower-level unit has been renovated, while the upper residence is currently leased.
Property Size2,186 SF
Price / SF$171.50
Days on Market7
Property Features for 1967 S Monroe E
General Information
Standard status
Active
Size
2,186 SF
Property subtype
Multi Family Home
Zoning
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,369
Amenities
Basement Apartment
Building Details
Building Size
2,186 SF
Year Built
1935
Buildings
1
Units
2
Listed By:
Frankie Sacco
(435) 637-6777
Source:
Etzelonline
Added: Oct 18
Changed: Oct 23
Last Checked: Oct 23 at 1:03PM
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 Frankie Sacco
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Investment Insights
Based on property information with market context.
This 2,186-square-foot Ogden duplex, built in 1935, contains two apartments. The upper unit offers three bedrooms and two bathrooms and is leased. A renovated one-bedroom apartment occupies the basement and is vacant, providing a separate living space within the property.
The property is at 1967 S Monroe E, minutes from Historic 25th Street, downtown dining and nightlife, the freeway, mountain access, and the Wonder Block development.
The property is at 1967 S Monroe E, minutes from Historic 25th Street, downtown dining and nightlife, the freeway, mountain access, and the Wonder Block development.
Key Highlights
- 2,186‑square‑foot duplex built in 1935
- Leased upper apartment with 3 bedrooms and 2 bathrooms
- Renovated, vacant basement apartment with 1 bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,603
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,060
$432.1K
Cap Rate 7%
$308,614
$308.6K
Cap Rate 9%
$240,033
$240.0K
Market Conditions
NOI Build-Up for 2,186 SF
Gross rent
$34.1K $15.60/SF
− Vacancy
−$3.2K −$1.48/SF
EGI
$30.9K $14.12/SF
− OpEx
−$9.3K −$4.24/SF
NOI
$21.6K $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%
$432,060
Cap Rate 7%
$308,614
Cap Rate 9%
$240,033
Alternative Uses
Best Use
Multifamily LT 5
$308.6K
$270.0K – $360.1K
NOI $21,603 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$269.0K
$235.4K – $313.8K
NOI $18,828 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$504.2K
$441.2K – $588.2K
NOI $35,293 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
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Business Placement
Demographics for 84401, UT
42,968
Population
18,615
Households
2.3
Avg Household Size
32
Median Age
26%
College-Educated
90%
High-School Grad
30.7 sq mi
ZIP Area
1,400
Density / Sq Mi
$77,333
Median Household Income
$41,295
Median Earnings
$1,179
Median Rent
$410,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The vacant lower-level unit has been renovated, while the upper residence is currently leased.
Where is this duplex located?
The property is located at 1967 S Monroe E Ogden, UT.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: 2,186‑square‑foot duplex built in 1935; Leased upper apartment with 3 bedrooms and 2 bathrooms; Renovated, vacant basement apartment with 1 bedroom
