Updated Eight-Unit Apartment
For Sale
$1,750,000
Pending
472 E 2100 N, Ogden, UT 84414
Eight updated residences offer in-unit laundry hookups, covered parking, and central heating and cooling.
Property Size8,400 SF
Days on Market10
Property Features for 472 E 2100 N
General Information
Standard status
Pending
Size
8,400 SF
Total Parking Spaces
23
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
8 x 2BD/1.5BA
Multifamily Units
8
Amenities
In-unit washer and dryer hookups
Central Heating and Cooling
Dishwashers
Updated flooring in select units
Newer Kitchen appliances and cabinetry
Above-range microwaves
Covered backyard porch
Covered entrance
Building Details
Year Built
1996
Listing Agency:
CBRE, Inc
(801) 869-8000
Listed By:
Vicente A Cantua · License #11260013-SA00
Source:
Chancehammock
Added: Aug 21
Changed: Aug 30
Last Checked: Aug 25 at 4:15AM
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 CBRE, Inc
Investment Insights
Based on property information with market context.
This 8,400 SF multifamily property contains 8 units, each configured with 2BD/1.5BA layouts and approximately 1,050 SF of living area. Constructed in 1996, the building has received HVAC replacements, flooring updates, and improvements to kitchen appliances and cabinetry during the current ownership period. Every residence includes washer and dryer hookups, central heating and cooling, a dishwasher, and an above-range microwave. Select units feature updated flooring.
The property is currently 100% occupied. On-site parking includes 8 covered stalls and 15 additional uncovered spaces. Common exterior features include a covered backyard porch and a covered entrance, while the roof is about 7 years old.
The property is currently 100% occupied. On-site parking includes 8 covered stalls and 15 additional uncovered spaces. Common exterior features include a covered backyard porch and a covered entrance, while the roof is about 7 years old.
Key Highlights
- 8,400 SF building with 8 multifamily units
- All 8 units are 2BD/1.5BA layouts of approximately 1,050 SF each
- 100% occupied 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
$72,349
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
4.13%
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%
$1,446,980
$1.4M
Cap Rate 7%
$1,033,557
$1.0M
Cap Rate 9%
$803,878
$803.9K
Market Conditions
NOI Build-Up for 8,400 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
$146.2K $17.40/SF
− Vacancy
−$14.6K −$1.74/SF
EGI
$131.5K $15.66/SF
− OpEx
−$59.2K −$7.05/SF
NOI
$72.3K $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 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%
$1,446,980
Cap Rate 7%
$1,033,557
Cap Rate 9%
$803,878
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$904.4K – $1.21M
NOI $72,349 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,618 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Explore this area
Business Placement
Demographics for 84414, UT
32,471
Population
10,578
Households
3.1
Avg Household Size
34
Median Age
37%
College-Educated
97%
High-School Grad
21.7 sq mi
ZIP Area
1,496
Density / Sq Mi
$108,345
Median Household Income
$46,520
Median Earnings
$1,448
Median Rent
$454,100
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?
Apartment building - Eight updated residences offer in-unit laundry hookups, covered parking, and central heating and cooling.
Where is this apartment building located?
The property is located at 472 E 2100 N Ogden, UT.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 8,400 SF building with 8 multifamily units; All 8 units are 2BD/1.5BA layouts of approximately 1,050 SF each; 100% occupied across the property
