Character Duplex with Updated
New
For Sale
$500,000
2737 S HARRISON, Ogden, UT 84403
Income-producing duplex retaining historic character while incorporating updated kitchens, plumbing, mechanical systems, and HVAC.
Property Size2,520 SF
Price / SF$198.41
Days on Market7
Property Features for 2737 S HARRISON
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Building Size
2,520 SF
Year Built
1933
Listing Agency:
KW Success Keller Williams Realty
(801) 866-1934
Listed By:
Travis Larsen
(801) 452-1494
Source:
Liftrealty
Added: Sep 1
Changed: Sep 7
Last Checked: Sep 7 at 7:35AM
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 Success Keller Williams Realty
Investment Insights
Based on property information with market context.
Built in 1933, this duplex combines period character with practical updates for continued residential use. The property measures 2,520 square feet and retains original architectural details, while the kitchens, plumbing, mechanical systems, and HVAC have been updated. Hardwood flooring, vintage trim, and built-ins are identified among the interior features.
The property has an established rental history and is currently subject to a lease term. Its duplex configuration supports an income-producing residential use, with the possibility of owner occupancy after the existing lease concludes. Located at 2737 S Harrison in Ogden, Utah, the offering presents a renovated systems package within an older character property.
The property has an established rental history and is currently subject to a lease term. Its duplex configuration supports an income-producing residential use, with the possibility of owner occupancy after the existing lease concludes. Located at 2737 S Harrison in Ogden, Utah, the offering presents a renovated systems package within an older character property.
Key Highlights
- Duplex property measuring 2,520 square feet
- Built in 1933 with original architectural character
- Updated kitchens, plumbing, mechanical systems, and HVAC
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
$24,904
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
4.98%
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%
$498,080
$498.1K
Cap Rate 7%
$355,771
$355.8K
Cap Rate 9%
$276,711
$276.7K
Market Conditions
NOI Build-Up for 2,520 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
$39.3K $15.60/SF
− Vacancy
−$3.7K −$1.48/SF
EGI
$35.6K $14.12/SF
− OpEx
−$10.7K −$4.24/SF
NOI
$24.9K $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%
$498,080
Cap Rate 7%
$355,771
Cap Rate 9%
$276,711
Alternative Uses
Best Use
Multifamily LT 5
$355.8K
$311.3K – $415.1K
NOI $24,904 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$310.1K
$271.3K – $361.8K
NOI $21,705 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$581.2K
$508.6K – $678.1K
NOI $40,685 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
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?
Duplex - Income-producing duplex retaining historic character while incorporating updated kitchens, plumbing, mechanical systems, and HVAC.
Where is this duplex located?
The property is located at 2737 S HARRISON Ogden, UT.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Duplex property measuring 2,520 square feet; Built in 1933 with original architectural character; Updated kitchens, plumbing, mechanical systems, and HVAC
