Walkout Basement
For Sale
$545,000
4372 S 700 W, Ogden, UT 84405
Residential, Ogden, UT
Property Size2,042 SF
Lot Size0.26 Acres
Price / SF$266.90
Days on Market96
Property Features for 4372 S 700 W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Single-Family, Multi-Fami
Zoning description
R-2
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 4
Parking
6
Window features
Blinds
Patio and Porch features
Patio
Interior features
Kitchen: Second, Mother-in-Law Apt.
Exterior features
Basement Entrance, Walkout, Patio: Open
Lot features
Curb & Gutter, Sidewalks, Sprinkler: Auto- Full
Elementary school
Riverdale
Middle school
T. H. Bell
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
06-015-0014
Size
2,042 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Annual Amount
2175
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Building Details
Year built
1977
Number of units
2
Flooring type
Carpet, Laminate, Tile
Building materials
Aluminum, Brick
Roof type
Asphalt
Architectural style
Other
Additional Structures
Other
Listing Agency:
EXP Realty, LLC
(801) 499-6087
Listed By:
Curtis Pons
(385) 419-1397
Added: May 18
Changed: Aug 20
Last Checked: Aug 21 at 5:06AM
MLS# 2158816
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Investment Insights
Based on property information with market context.
This 2,042-square-foot duplex 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 basement layout can also be returned to a single-family configuration. Recent improvements include paint, toilets, both furnaces, both water heaters, and a downstairs stove, with new windows planned. The 1977-built property sits on a 0.26-acre lot with a walkout, open patio, yard, public sewer, forced-air heat, and an asphalt roof. A two-car garage provides on-site parking and storage. The property is offered in its current as-is condition.
Key Highlights
- Full basement apartment with separate entrance, kitchen, laundry, furnace, water heater, electrical meter, and gas meter
- 2042 square feet on a 0.26‑acre lot
- 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 - Two-unit residential property with a separate-entry apartment, dedicated utility systems, 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: Full basement apartment with separate entrance, kitchen, laundry, furnace, water heater, electrical meter, and gas meter; 2042 square feet on a 0.26‑acre lot; One unit fully remodeled; work continues on the second unit
