Duplex with Separate
For Sale
$545,000
4372 S 700 W, Ogden, UT 84405
R-2-zoned duplex with a remodeled unit, basement apartment, separate utilities, and a two-car garage.
Property Size2,042 SF
Price / SF$266.90
Days on Market9
Property Features for 4372 S 700 W
General Information
Standard status
Active
Size
2,042 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
R-2
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
1977
Listing Agency:
EXP Realty, LLC
(801) 671-7270
Listed By:
Curtis Pons
Source:
Chancehammock
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 28 at 7:35AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This 2,042-square-foot duplex, built in 1977, includes a full basement apartment with its own entrance, kitchen, laundry, furnace, water heater, electrical meter, and gas meter. One unit has been fully remodeled, while work continues on the second. The property also includes updated paint, toilets, both furnaces, both water heaters, and a new downstairs stove. New windows are scheduled for installation. The layout could also be converted back into a single-family residence.
Located at 4372 S 700 W in Ogden, Utah, the property is zoned R-2 for a single-family residence with a rental unit. A large two-car garage and yard add practical exterior utility. The property is being sold as-is in its current condition.
Located at 4372 S 700 W in Ogden, Utah, the property is zoned R-2 for a single-family residence with a rental unit. A large two-car garage and yard add practical exterior utility. The property is being sold as-is in its current condition.
Key Highlights
- 2,042‑square‑foot duplex built in 1977
- Full basement apartment with separate entrance and dedicated kitchen, laundry, and utilities
- One unit fully remodeled; work continues on the second unit
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
$20,180
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
3.70%
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%
$403,600
$403.6K
Cap Rate 7%
$288,286
$288.3K
Cap Rate 9%
$224,222
$224.2K
Market Conditions
NOI Build-Up for 2,042 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
$31.9K $15.60/SF
− Vacancy
−$3.0K −$1.48/SF
EGI
$28.8K $14.12/SF
− OpEx
−$8.6K −$4.24/SF
NOI
$20.2K $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%
$403,600
Cap Rate 7%
$288,286
Cap Rate 9%
$224,222
Alternative Uses
Best Use
Multifamily LT 5
$288.3K
$252.3K – $336.3K
NOI $20,180 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$251.3K
$219.9K – $293.1K
NOI $17,588 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$471.0K
$412.1K – $549.5K
NOI $32,968 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
Explore this area
Business Placement
Demographics for 84405, UT
34,285
Population
12,645
Households
2.7
Avg Household Size
33
Median Age
31%
College-Educated
95%
High-School Grad
18.5 sq mi
ZIP Area
1,853
Density / Sq Mi
$84,488
Median Household Income
$44,508
Median Earnings
$1,266
Median Rent
$386,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R-2-zoned duplex with a remodeled unit, basement apartment, separate utilities, and a two-car garage.
Where is this duplex located?
The property is located at 4372 S 700 W Ogden, UT.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: 2,042‑square‑foot duplex built in 1977; Full basement apartment with separate entrance and dedicated kitchen, laundry, and utilities; One unit fully remodeled; work continues on the second unit
