Up-and-Down
For Sale
$434,900
4044 S LIBERTY E, South Ogden, UT 84403
Residential, South Ogden, UT
Property Size2,004 SF
Lot Size0.17 Acres
Price / SF$217.02
Days on Market49
Property Features for 4044 S LIBERTY E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 4, Basement, Bathroom 2, Bedroom 2
Parking
5
Parking features
Covered, Open
Interior features
Basement Apartment, Disposal, Range/Oven: Free Stdng., Dishwasher: Built-In
Exterior features
Basement Entrance
Lot features
Curb & Gutter, Road: Paved
Elementary school
Washington Terrace
Middle school
South Ogden
High school
Bonneville
Elementary school district
Weber
Middle school district
Weber
High school district
Weber
Subdivision
Ogdn; W Hvn; Ter; Rvrdl
Standard status
Active
APN
06-051-0021
Size
2,004 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
2741
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Building Details
Year built
1952
Number of units
2
Flooring type
Carpet, Tile
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Equity Real Estate
(385) 399-8719
Listed By:
Jerry A. Ingram
(801) 668-4045
Added: Aug 9
Changed: Sep 21
Last Checked: Sep 26 at 1:06AM
MLS# 2177655
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,004-square-foot duplex is configured as an upper-and-lower residence and is currently vacant. The property includes a basement apartment and a separate basement entrance, with four bedrooms and two bathrooms identified across the layout. Interior finishes include tile and carpet flooring, along with a disposal, freestanding range/oven, and built-in dishwasher. Forced-air heating serves the building.
Built in 1952, the brick property sits on a 0.17-acre lot at 4044 S Liberty E in South Ogden, Utah. Parking includes both covered and open spaces. Additional construction details include an asphalt roof and connection to public sewer.
Built in 1952, the brick property sits on a 0.17-acre lot at 4044 S Liberty E in South Ogden, Utah. Parking includes both covered and open spaces. Additional construction details include an asphalt roof and connection to public sewer.
Key Highlights
- 2,004‑square‑foot duplex with upper‑and‑lower residence configuration
- Basement apartment with separate basement entrance
- Four bedrooms and two bathrooms identified across the property
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
$19,805
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
4.55%
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%
$396,100
$396.1K
Cap Rate 7%
$282,929
$282.9K
Cap Rate 9%
$220,056
$220.1K
Market Conditions
NOI Build-Up for 2,004 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
$31.3K $15.60/SF
− Vacancy
−$3.0K −$1.48/SF
EGI
$28.3K $14.12/SF
− OpEx
−$8.5K −$4.24/SF
NOI
$19.8K $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%
$396,100
Cap Rate 7%
$282,929
Cap Rate 9%
$220,056
Alternative Uses
Best Use
Multifamily LT 5
$282.9K
$247.6K – $330.1K
NOI $19,805 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$246.6K
$215.8K – $287.7K
NOI $17,260 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$462.2K
$404.4K – $539.3K
NOI $32,355 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,346
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Vacant two-unit property with a basement entrance, covered and open parking, and public sewer service.
Where is this duplex located?
The property is located at 4044 S LIBERTY E South Ogden, UT.
What is the asking price?
The asking price for this property is $434,900.
What are key features of this property?
This property features: 2,004‑square‑foot duplex with upper‑and‑lower residence configuration; Basement apartment with separate basement entrance; Four bedrooms and two bathrooms identified across the property
