Three-Unit Apartment
For Sale
$458,999
316 35TH, Ogden, UT 84401
Three separately entered residences offer one-bedroom layouts with individual utility metering and on-site parking.
Property Size2,700 SF
Lot Size0.17 Acres
Price / SF$169
Days on Market334
Property Features for 316 35TH
General Information
Standard status
Active
Size
2,700 SF
Lot size
0.17 Acres
Property subtype
Triplex
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,800
Amenities
3
Tile, Laminate, Carpet
Electric Dryer
Shingle - Asbestos
Full
Parking. Fenced Yard.
8 Parking Spaces. RV Parking.
Stucco
0.0x0.0x0.0
Sidewalks. Paved Road.
Building Details
Buildings
1
Listing Agency:
Realtypath South Valley
(801) 386-5908
Listed By:
Ludovica Meeks
(801) 386-5908
Source:
Xome
Added: Oct 1, 2025
Changed: Aug 29
Last Checked: Aug 29 at 2:58PM
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 Realtypath South Valley
Investment Insights
Based on property information with market context.
This triplex contains three one-bedroom, one-bath residences, with two apartments on the upper level and one on the lower level. The units measure approximately 940 square feet, 880 square feet, and 880 square feet, for 2,700 square feet overall. Each residence has its own entrance, and the property includes three gas meters, three separate electrical meters, and three furnaces. Two furnaces were replaced in 2020, while the roof was replaced in 2019. Interior finishes include tile, laminate, and carpet.
The 0.17-acre property at 316 35TH in Ogden includes a fenced yard, paved road access, sidewalks, and 8 parking spaces with RV parking. Shopping centers, the mall, and Washington Blvd are identified as nearby. The property is occupied by long-term tenants, and showings require advance notice.
The 0.17-acre property at 316 35TH in Ogden includes a fenced yard, paved road access, sidewalks, and 8 parking spaces with RV parking. Shopping centers, the mall, and Washington Blvd are identified as nearby. The property is occupied by long-term tenants, and showings require advance notice.
Key Highlights
- Three one‑bedroom, one‑bath units: two upstairs and one downstairs
- 2,700 square feet total on a 0.17‑acre lot
- Unit sizes of 940 square feet, 880 square feet, and 880 square feet
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
$26,683
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
5.81%
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%
$533,660
$533.7K
Cap Rate 7%
$381,186
$381.2K
Cap Rate 9%
$296,478
$296.5K
Market Conditions
NOI Build-Up for 2,700 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
$42.1K $15.60/SF
− Vacancy
−$4.0K −$1.48/SF
EGI
$38.1K $14.12/SF
− OpEx
−$11.4K −$4.24/SF
NOI
$26.7K $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%
$533,660
Cap Rate 7%
$381,186
Cap Rate 9%
$296,478
Alternative Uses
Best Use
Multifamily LT 5
$381.2K
$333.5K – $444.7K
NOI $26,683 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$332.2K
$290.7K – $387.6K
NOI $23,255 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$622.7K
$544.9K – $726.5K
NOI $43,591 @ 7.0% cap · market cap 9.50%
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
1,084
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?
Triplex - Three separately entered residences offer one-bedroom layouts with individual utility metering and on-site parking.
Where is this triplex located?
The property is located at 316 35TH Ogden, UT.
What is the asking price?
The asking price for this property is $458,999.
What are key features of this property?
This property features: Three one‑bedroom, one‑bath units: two upstairs and one downstairs; 2,700 square feet total on a 0.17‑acre lot; Unit sizes of 940 square feet, 880 square feet, and 880 square feet
