Updated Duplex with Off-Street
2122 MONROE BLVD Ogden, UT 84401
2122 MONROE BLVD, Ogden, UT, 84401
$455,000
For Sale
$455,000
Extensively updated duplex is fully leased with month-to-month tenants and remodeled interiors plus rear off-street parking.
Property Size2,240 SF
Price / SF$203.13
Days on Market12
Property Features for 2122 MONROE BLVD
General Information
- Standard status
- Active
- Size
- 2,240 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1926
Listing Agency
Equity Real Estate
(801) 866-7109
Listed by
Jackson Kade Lucero
(801) 866-7109
Source
Liftrealty
Added: Jul 7 Checked: Jul 18 at 2:42 am
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 Equity Real Estate
Investment Insights
Based on property information with market context.
This legally zoned duplex is fully leased with month-to-month tenants and a combined monthly rental income of $2,513. The property has been extensively updated with new flooring and remodeled kitchens and bathrooms in both units, along with major system improvements including updated plumbing and electrical, furnaces, water heaters, and approximately 4-year-old central A/C units.
Exterior improvements include an updated roof, a newer driveway providing convenient off-street parking in the rear, and automatic sprinklers in the front yard. Located near shopping, dining, schools, parks, and commuter routes, the duplex is positioned for turnkey operation.
Buyer is advised that any square footage figures are provided as an estimate only and were obtained from county records; an independent measurement is recommended.
Exterior improvements include an updated roof, a newer driveway providing convenient off-street parking in the rear, and automatic sprinklers in the front yard. Located near shopping, dining, schools, parks, and commuter routes, the duplex is positioned for turnkey operation.
Buyer is advised that any square footage figures are provided as an estimate only and were obtained from county records; an independent measurement is recommended.
Key Highlights
- Legally zoned duplex built in 1926, fully leased with combined monthly rental income of $2,513.
- Tenants are month‑to‑month, supporting flexible occupancy and ongoing cash flow.
- Extensively updated interiors with new flooring, remodeled kitchens and bathrooms in both units.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.9k | $15.60 |
| − Vacancy | −$3.3k | −$1.48 |
| EGI | $31.6k | $14.12 |
| − OpEx | −$9.5k | −$4.24 |
| NOI | $22.1k | $9.88 |
2,240 SF · lease $15.60/SF/yr · vacancy 9.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$316.2K
$276.7K – $369.0K
NOI $22,137 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$275.6K
$241.2K – $321.6K
NOI $19,293 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$516.6K
$452.1K – $602.8K
NOI $36,165 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Extensively updated duplex is fully leased with month-to-month tenants and remodeled interiors plus rear off-street parking.
Where is this duplex located?
The property is located at 2122 MONROE BLVD Ogden, UT.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Legally zoned duplex built in 1926, fully leased with combined monthly rental income of $2,513.; Tenants are month‑to‑month, supporting flexible occupancy and ongoing cash flow.; Extensively updated interiors with new flooring, remodeled kitchens and bathrooms in both units.
