Triplex with Four Living
2946 OGDEN AVE, Ogden, UT 84403
For Sale
$780,000
Renovated interiors and a varied unit mix support multiple residential configurations.
Property Size4,947 SF
Lot Size0.37 Acres
Price / SF$157.67
Days on Market245
Property Features for 2946 OGDEN AVE
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
R and R Realty LLC
Listed By:
Tyler Jackson · License #7071868
(928) 243-8414
Source:
Doxeygroup
Added: Mar 8
Changed: Nov 5
Last Checked: Nov 6 at 7:40AM
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 R and R Realty LLC
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Investment Insights
Based on property information with market context.
This legally designated triplex is arranged as four separate living spaces, with 4,947 square feet of total living area and a 432-square-foot garage. The main-floor residence spans 2,616 square feet and has three bathrooms and multiple bedrooms. Two additional units each have two bedrooms and one bathroom, while the basement unit has one bedroom and one bathroom. Built in 1942, the property sits on a 0.37-acre lot with off-street parking.
Interior work completed within the past few years includes updates to electrical and plumbing systems, flooring, paint, kitchens, bathrooms, laundry areas, HVAC systems, and water heaters.
Interior work completed within the past few years includes updates to electrical and plumbing systems, flooring, paint, kitchens, bathrooms, laundry areas, HVAC systems, and water heaters.
Key Highlights
- Legally designated triplex configured as four separate living spaces
- 4,947 sq ft of living area plus a 432 sq ft garage
- 0.37‑acre lot with off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,889
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,780
$977.8K
Cap Rate 7%
$698,414
$698.4K
Cap Rate 9%
$543,211
$543.2K
Market Conditions
NOI Build-Up for 4,947 SF
Gross rent
$77.2K $15.60/SF
− Vacancy
−$7.3K −$1.48/SF
EGI
$69.8K $14.12/SF
− OpEx
−$21.0K −$4.24/SF
NOI
$48.9K $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 Rate 5%
$977,780
Cap Rate 7%
$698,414
Cap Rate 9%
$543,211
Alternative Uses
Best Use
Multifamily LT 5
$698.4K
$611.1K – $814.8K
NOI $48,889 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$608.7K
$532.6K – $710.2K
NOI $42,609 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$1.14M
$998.4K – $1.33M
NOI $79,869 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,097
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Renovated interiors and a varied unit mix support multiple residential configurations.
Where is this triplex located?
The property is located at 2946 OGDEN AVE Ogden, UT.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Legally designated triplex configured as four separate living spaces; 4,947 sq ft of living area plus a 432 sq ft garage; 0.37‑acre lot with off‑street parking
