Triplex with Fenced
For Sale
$435,000
2711 N Liberty Ave #A1 2 3, Ogden, UT 84403
An upper-level residence is vacant, with separate electric metering, uncovered parking, and enclosed outdoor space.
Property Size3,025 SF
Price / SF$143.80
Days on Market9
Property Features for 2711 N Liberty Ave #A1 2 3
General Information
Standard status
Active
Size
3,025 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
cosmetic improvements
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Gross Income
$28,860
Multifamily Units
3
Amenities
uncovered parking
mature trees
fenced yard
basement storage
Building Details
Year Built
1947
Buildings
1
Listing Agency:
Kw Westfield
(801) 930-0214
Listed By:
Wiser Real Estate
(801) 930-0214
Source:
Wiserhomesearch
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 26 at 1:01PM
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 Kw Westfield
Investment Insights
Based on property information with market context.
This triplex at 2711 N Liberty Ave in Ogden contains 7 bedrooms, 3 bathrooms, and approximately 3,025 square feet. The property includes three residential units, with one upper-level unit vacant and the other two leased. A newer roof, furnaces, and water heaters provide key mechanical updates, while cosmetic renovation work remains available. Basement storage, mature trees, a fenced yard, and uncovered parking add functional value.
Utilities include one shared gas meter and separate electric meters for each unit. The property is near downtown Ogden, The Junction, Weber State University, McKay-Dee Hospital, shopping, dining, and outdoor recreation. A nearby FrontRunner station provides commuter-rail access across the Wasatch Front.
Utilities include one shared gas meter and separate electric meters for each unit. The property is near downtown Ogden, The Junction, Weber State University, McKay-Dee Hospital, shopping, dining, and outdoor recreation. A nearby FrontRunner station provides commuter-rail access across the Wasatch Front.
Key Highlights
- Triplex with 7 bedrooms, 3 bathrooms, and approximately 3,025 square feet
- One upper‑level unit is vacant; the other two units are leased
- Newer roof, furnaces, and water heaters
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
$29,895
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
6.87%
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%
$597,900
$597.9K
Cap Rate 7%
$427,071
$427.1K
Cap Rate 9%
$332,167
$332.2K
Market Conditions
NOI Build-Up for 3,025 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
$47.2K $15.60/SF
− Vacancy
−$4.5K −$1.48/SF
EGI
$42.7K $14.12/SF
− OpEx
−$12.8K −$4.24/SF
NOI
$29.9K $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%
$597,900
Cap Rate 7%
$427,071
Cap Rate 9%
$332,167
Alternative Uses
Best Use
Multifamily LT 5
$427.1K
$373.7K – $498.3K
NOI $29,895 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$372.2K
$325.7K – $434.2K
NOI $26,054 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$697.7K
$610.5K – $814.0K
NOI $48,839 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 84403, UT
37,847
Population
14,587
Households
2.6
Avg Household Size
33
Median Age
34%
College-Educated
93%
High-School Grad
34.0 sq mi
ZIP Area
1,113
Density / Sq Mi
$84,589
Median Household Income
$41,227
Median Earnings
$1,172
Median Rent
$392,700
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?
Triplex - An upper-level residence is vacant, with separate electric metering, uncovered parking, and enclosed outdoor space.
Where is this triplex located?
The property is located at 2711 N Liberty Ave #A1 2 3 Ogden, UT.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Triplex with 7 bedrooms, 3 bathrooms, and approximately 3,025 square feet; One upper‑level unit is vacant; the other two units are leased; Newer roof, furnaces, and water heaters
