Nine-Space Apartment
For Sale
$699,000
319 WASHINGTON BLVD, Ogden, UT 84404
Tenant-occupied property with varied rental layouts on Washington Boulevard.
Property Size3 SF
Price / SF$153.02
Days on Market10
Property Features for 319 WASHINGTON BLVD
General Information
Standard status
Active
Size
3 SF
Property subtype
> 4 Units
Additional Details
Cap Rate
8%
Building Details
Building Size
3 SF
Year Built
1920
Listing Agency:
KW Success Keller Williams Realty (North Ogden)
(385) 429-0085
Listed By:
Blaine D Larsen
(801) 452-5413
Source:
Liftrealty
Added: Oct 8
Changed: Oct 16
Last Checked: Oct 16 at 2:11PM
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 (North Ogden)
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Investment Insights
Based on property information with market context.
This 4,568-square-foot apartment building, constructed in 1920, contains nine rentable spaces with a range of layouts. A roof installation is scheduled for July 2026, and the property is currently tenant-occupied.
The building is on Washington Boulevard in Ogden, near shopping, dining, and local amenities. The reported approximate cap rate is 8%.
The building is on Washington Boulevard in Ogden, near shopping, dining, and local amenities. The reported approximate cap rate is 8%.
Key Highlights
- Nine rentable spaces with varied layouts
- 4,568 square feet; built in 1920
- New roof installed in July 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,344
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$786,880
$786.9K
Cap Rate 7%
$562,057
$562.1K
Cap Rate 9%
$437,156
$437.2K
Market Conditions
NOI Build-Up for 4,568 SF
Gross rent
$79.5K $17.40/SF
− Vacancy
−$7.9K −$1.74/SF
EGI
$71.5K $15.66/SF
− OpEx
−$32.2K −$7.05/SF
NOI
$39.3K $8.61/SF
Area
Weber County, UT
Vacancy
10.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$786,880
Cap Rate 7%
$562,057
Cap Rate 9%
$437,156
Alternative Uses
Best Use
Apartment 5plus
$562.1K
$491.8K – $655.7K
NOI $39,344 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$921.9K – $1.23M
NOI $73,750 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
Demographics for 84404, UT
66,382
Population
23,907
Households
2.8
Avg Household Size
32
Median Age
22%
College-Educated
89%
High-School Grad
96.3 sq mi
ZIP Area
689
Density / Sq Mi
$81,917
Median Household Income
$42,844
Median Earnings
$1,304
Median Rent
$352,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Tenant-occupied property with varied rental layouts on Washington Boulevard.
Where is this apartment building located?
The property is located at 319 WASHINGTON BLVD Ogden, UT.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Nine rentable spaces with varied layouts; 4,568 square feet; built in 1920; New roof installed in July 2026
