Triplex with Basement
For Sale
$435,000
2711 N LIBERTY Ave, Ogden, UT 84403
Residential, Ogden, UT
Property Size3,025 SF
Lot Size0.17 Acres
Price / SF$143.80
Days on Market10
Property Features for 2711 N LIBERTY Ave
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Multi-Family
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 7, Bedroom 3, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 2
Parking
5
Parking features
Covered
Window features
Blinds
Patio and Porch features
Porch
Interior features
Oven: Gas, Range: Gas, Range/Oven: Free Stdng.
Exterior features
Basement Entrance, Double Pane Windows, Lighting, Porch: Open
Subdivision
PLAT B OGDEN CITY SURVEY
Lot features
Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, View: Mountain, Wooded
Elementary school
James Madison
Middle school
Mound Fort
High school
Ogden
Elementary school district
Ogden
Middle school district
Ogden
High school district
Ogden
Standard status
Active
APN
01-049-0041
Size
3,025 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
2862
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air, Natural Gas
Amenities
basement storage
Building Details
Year built
1947
Floors in Building
2
Number of units
3
Flooring type
Tile, Carpet, Laminate
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
RE/MAX Associates · RE/MAX International
(801) 566-4411
Listed By:
Chuck O'Brien Jr. · License #5477197-SA00
(801) 205-3548
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 29 at 12:06AM
MLS# 2180218
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3-unit residential property contains 7 bedrooms, 3 bathrooms, and approximately 3,025 square feet. One upstairs unit is vacant, while the other two units are leased. The building includes basement storage, an open porch, gas ranges, tile, carpet and laminate flooring, and brick construction. The 0.17-acre parcel also features a large yard with mature trees. Mechanical and building updates include a newer roof and rain gutters completed in 2021, a newer furnace installed in 2022, both water heaters, sewer mainline work, some newer windows, plumbing improvements, and new electrical in all units. The property has one shared gas meter and separate electric meters for each unit.
Located at 2711 N LIBERTY Ave in Ogden, the triplex is near downtown Ogden, The Junction, Weber State University, McKay-Dee Hospital, shopping, dining, outdoor recreation, and the FrontRunner station. Public sewer service is in place, with central forced-air heating powered by natural gas.
Located at 2711 N LIBERTY Ave in Ogden, the triplex is near downtown Ogden, The Junction, Weber State University, McKay-Dee Hospital, shopping, dining, outdoor recreation, and the FrontRunner station. Public sewer service is in place, with central forced-air heating powered by natural gas.
Key Highlights
- Approximately 3,025 square feet with 7 bedrooms and 3 bathrooms
- 3‑unit property on a 0.17‑acre lot
- One upstairs unit is currently vacant
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
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,983
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Residential income property with one vacant unit, separate electric meters, and a large tree-lined yard.
Where is this triplex located?
The property is located at 2711 N LIBERTY Ave 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: Approximately 3,025 square feet with 7 bedrooms and 3 bathrooms; 3‑unit property on a 0.17‑acre lot; One upstairs unit is currently vacant
