Renovated Historic
For Sale
$340,000
2030 Orchard Ave, Ogden, UT 84401
Two one-bedroom units offer separate living areas, kitchens, bathrooms, and utility meters.
Property Size1,073 SF
Price / SF$316.87
Days on Market32
Property Features for 2030 Orchard Ave
General Information
Standard status
Active
Size
1,073 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1891
Buildings
1
Listing Agency:
EXP Realty, LLC
(385) 419-1397
Listed By:
Deanna L Allen
Source:
Thehonorgrouputah
Added: Jul 29
Changed: Aug 28
Last Checked: Aug 28 at 12:38PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1891, this duplex contains two separate one-bedroom, one-bathroom units. Each residence includes its own living area, kitchen, bedroom, and bathroom, creating a defined layout within a historic property that has undergone extensive renovation.
Recent improvements include mini-split systems, updated electrical service, and new water heaters. Separate gas and electric meters support independent utility setup, while two exterior sheds provide additional storage, including a new 12x8 shed. The property is positioned near downtown Ogden shopping, dining, parks, and recreation, with access to Northern Utah outdoor destinations and nearby ski resorts.
Recent improvements include mini-split systems, updated electrical service, and new water heaters. Separate gas and electric meters support independent utility setup, while two exterior sheds provide additional storage, including a new 12x8 shed. The property is positioned near downtown Ogden shopping, dining, parks, and recreation, with access to Northern Utah outdoor destinations and nearby ski resorts.
Key Highlights
- Two separate 1‑bedroom, 1‑bathroom units
- Built in 1891 and extensively renovated
- Separate gas and electric meters for each unit
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
$10,604
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
3.12%
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%
$212,080
$212.1K
Cap Rate 7%
$151,486
$151.5K
Cap Rate 9%
$117,822
$117.8K
Market Conditions
NOI Build-Up for 1,073 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
$16.7K $15.60/SF
− Vacancy
−$1.6K −$1.48/SF
EGI
$15.1K $14.12/SF
− OpEx
−$4.5K −$4.24/SF
NOI
$10.6K $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 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%
$212,080
Cap Rate 7%
$151,486
Cap Rate 9%
$117,822
Alternative Uses
Best Use
Multifamily LT 5
$151.5K
$132.6K – $176.7K
NOI $10,604 @ 7.0% cap · market cap 3.12%
Second Best
Apartment 5plus
$132.0K
$115.5K – $154.0K
NOI $9,242 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$247.5K
$216.6K – $288.7K
NOI $17,324 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,368
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom units offer separate living areas, kitchens, bathrooms, and utility meters.
Where is this duplex located?
The property is located at 2030 Orchard Ave Ogden, UT.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Two separate 1‑bedroom, 1‑bathroom units; Built in 1891 and extensively renovated; Separate gas and electric meters for each unit
