Historic 10-Unit Multifamily
For Sale
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2465 Monroe Boulevard, Ogden, UT 84401
Ten-unit, three-story historic apartment building featuring one- and three-bedroom layouts with shared basement laundry and rear exterior space.
Property SizeContact for details
Days on Market77
Property Features for 2465 Monroe Boulevard
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
90%
Additional Details
Cap Rate
5.61%
Multifamily Units
10
Building Details
Year Built
1924
Stories
3
Construction
Spanish Colonial Revival and Prairie School
Tenancy
Multi
Listed By:
Vicente Cantua
(801) 869-8035
Source:
Cbre
Added: Jun 23
Changed: Sep 6
Last Checked: Sep 7 at 4:39AM
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 Vicente Cantua
Investment Insights
Based on property information with market context.
Fontanelle Apartments is a 10-unit historic multifamily property built in 1924 and listed on the U.S. National Register of Historic Places. The three-story building blends Spanish Colonial Revival and Prairie School architectural styles and offers four oversized one-bedroom units and six three-bedroom units. The one-bedroom units are garden-level and partially above grade, while the six three-bedroom units are arranged two per floor across the upper levels.
A drop-down basement below the concrete deck at the rear houses shared laundry and mechanical systems, including the furnace and hot water heater, along with additional tenant storage. The rear of the site also includes exterior space with value-add potential for carport construction.
The property operates under a RAD-converted Project-Based Voucher (PBV) HAP contract through the Ogden Housing Authority, providing a 15-year term of government-backed rental income with annual rent renegotiation rights. Current contract rents are listed as $1,142 per month for one-bedroom units and $1,697 per month for three-bedroom units. Five of nine occupied units are HCV tenants under the PBV contract, and the tenth unit is currently vacant, presenting immediate leasing or repositioning opportunities upon re-occupancy.
A drop-down basement below the concrete deck at the rear houses shared laundry and mechanical systems, including the furnace and hot water heater, along with additional tenant storage. The rear of the site also includes exterior space with value-add potential for carport construction.
The property operates under a RAD-converted Project-Based Voucher (PBV) HAP contract through the Ogden Housing Authority, providing a 15-year term of government-backed rental income with annual rent renegotiation rights. Current contract rents are listed as $1,142 per month for one-bedroom units and $1,697 per month for three-bedroom units. Five of nine occupied units are HCV tenants under the PBV contract, and the tenth unit is currently vacant, presenting immediate leasing or repositioning opportunities upon re-occupancy.
Key Highlights
- 10‑unit historic multifamily property at 2465 Monroe Boulevard, Ogden, UT, built in 1924 and listed on the U.S. National Register of Historic Places.
- Unit mix: four oversized 1‑bedroom units and six 3‑bedroom units; 3‑bedroom units are spread two per floor on the upper levels.
- Drop‑down basement below the rear concrete deck includes shared laundry, furnace and hot water heater, plus additional tenant storage.
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
90%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,275
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?
Apartment building - Ten-unit, three-story historic apartment building featuring one- and three-bedroom layouts with shared basement laundry and rear exterior space.
Where is this apartment building located?
The property is located at 2465 Monroe Boulevard Ogden, UT.
What are key features of this property?
This property features: 10‑unit historic multifamily property at 2465 Monroe Boulevard, Ogden, UT, built in 1924 and listed on the U.S. National Register of Historic Places.; Unit mix: four oversized 1‑bedroom units and six 3‑bedroom units; 3‑bedroom units are spread two per floor on the upper levels.; Drop‑down basement below the rear concrete deck includes shared laundry, furnace and hot water heater, plus additional tenant storage.
