Renovated Duplex with Basement
For Sale
$395,000
2227 Quincy Ave, Ogden, UT 84401
Two-unit property with updated systems, separate utility metering, and a basement entrance.
Property Size2,868 SF
Price / SF$137.73
Days on Market88
Property Features for 2227 Quincy Ave
General Information
Standard status
Active
Size
2,868 SF
Property subtype
Multi-Family
Building Details
Year Built
1915
Listing Agency:
PPC Residential Division
Listed By:
Robert Matasic
(801) 393-2733
Source:
Buysalty
Added: Jul 19
Changed: Oct 1
Last Checked: Oct 7 at 4:53PM
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 PPC Residential Division
Investment Insights
Based on property information with market context.
This 2,868-square-foot duplex in Ogden was built in 1915 and received extensive improvements around 2020. Updates included electrical and plumbing systems, the roof, windows, HVAC systems, kitchens, and bathrooms with granite countertops, subway tile backsplashes, and stainless-steel appliances.
The front unit has two bedrooms and is leased through October 2026, while the rear one-bedroom unit is vacant. The property has three separate gas and electric meters, plus a third basement entrance that could support a possible additional unit or expanded living area.
The front unit has two bedrooms and is leased through October 2026, while the rear one-bedroom unit is vacant. The property has three separate gas and electric meters, plus a third basement entrance that could support a possible additional unit or expanded living area.
Key Highlights
- 2,868 SF duplex built in 1915
- Extensive capital improvements completed around 2020
- Front 2‑bedroom unit leased through October 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,343
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,860
$566.9K
Cap Rate 7%
$404,900
$404.9K
Cap Rate 9%
$314,922
$314.9K
Market Conditions
NOI Build-Up for 2,868 SF
Gross rent
$44.7K $15.60/SF
− Vacancy
−$4.3K −$1.48/SF
EGI
$40.5K $14.12/SF
− OpEx
−$12.1K −$4.24/SF
NOI
$28.3K $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%
$566,860
Cap Rate 7%
$404,900
Cap Rate 9%
$314,922
Alternative Uses
Best Use
Multifamily LT 5
$404.9K
$354.3K – $472.4K
NOI $28,343 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$352.9K
$308.8K – $411.7K
NOI $24,702 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$661.5K
$578.8K – $771.7K
NOI $46,304 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
712
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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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 - Two-unit property with updated systems, separate utility metering, and a basement entrance.
Where is this duplex located?
The property is located at 2227 Quincy Ave Ogden, UT.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,868 SF duplex built in 1915; Extensive capital improvements completed around 2020; Front 2‑bedroom unit leased through October 2026
