Two-Home Duplex
New
For Sale
$519,900
3360 PORTER AVE, Ogden, UT 84403
Two detached residences on one lot provide separate living arrangements and flexible rental use.
Property Size2,488 SF
Price / SF$208.96
Days on Market6
Property Features for 3360 PORTER AVE
General Information
Standard status
Active
Size
2,488 SF
Property subtype
Duplex
Additional Details
Gross Income
$29,400
Multifamily Units
2
Building Details
Building Size
2,488 SF
Year Built
1952
Buildings
2
Listing Agency:
Intermountain Properties
(801) 899-9102
Listed By:
Spencer Clawson · License #5496404-PB00
(801) 636-8426
Source:
Liftrealty
Added: Aug 17
Changed: Aug 22
Last Checked: Aug 22 at 4:21AM
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 Intermountain Properties
Investment Insights
Based on property information with market context.
This duplex property includes two detached residences situated on a single lot. The front home contains approximately 2,000 square feet, while the rear residence adds approximately 480 square feet, creating a combined 2,488-square-foot configuration. Built in 1952, the layout allows an owner-occupant to live in one home while renting the other, without shared interior walls.
The property is located at 3360 Porter Ave in Ogden, near Weber State University. Its two-building arrangement can accommodate a range of residential rental strategies, including separate long-term occupancy for each structure. The detached rear home also provides physical separation from the front residence and adds flexibility to the overall property.
The property is located at 3360 Porter Ave in Ogden, near Weber State University. Its two-building arrangement can accommodate a range of residential rental strategies, including separate long-term occupancy for each structure. The detached rear home also provides physical separation from the front residence and adds flexibility to the overall property.
Key Highlights
- Two detached homes on one lot
- Combined property size of 2,488 square feet
- Front residence is approximately 2,000 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
$24,588
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
4.73%
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%
$491,760
$491.8K
Cap Rate 7%
$351,257
$351.3K
Cap Rate 9%
$273,200
$273.2K
Market Conditions
NOI Build-Up for 2,488 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
$38.8K $15.60/SF
− Vacancy
−$3.7K −$1.48/SF
EGI
$35.1K $14.12/SF
− OpEx
−$10.5K −$4.24/SF
NOI
$24.6K $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%
$491,760
Cap Rate 7%
$351,257
Cap Rate 9%
$273,200
Alternative Uses
Best Use
Multifamily LT 5
$351.3K
$307.4K – $409.8K
NOI $24,588 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$306.1K
$267.9K – $357.2K
NOI $21,429 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$573.8K
$502.1K – $669.5K
NOI $40,169 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
676
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 - Two detached residences on one lot provide separate living arrangements and flexible rental use.
Where is this duplex located?
The property is located at 3360 PORTER AVE Ogden, UT.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Two detached homes on one lot; Combined property size of 2,488 square feet; Front residence is approximately 2,000 square feet
