Fourplex with Detached
527 28th St, Ogden, UT 84403
For Sale
$634,900
Shared laundry hookups and a card-reader washer and dryer serve residents in the basement utility area.
Property Size3,332 SF
Price / SF$190.55
Days on Market79
Property Features for 527 28th St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Public Transit
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
on-site laundry
Range/Oven: Free Stdng.
Building Details
Building Size
Year Built
Units
Construction
Listing Agency:
East Avenue Real Estate, LLC
(801) 891-4734
Listed By:
JR McLaughlin
(801) 243-4700
Source:
Etzelonline
Added: Aug 23
Changed: Nov 8
Last Checked: Nov 8 at 9:32PM
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 East Avenue Real Estate, LLC
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Investment Insights
Based on property information with market context.
This 1951 fourplex contains 3,332 square feet and has brick construction with a metal roof. A detached four-car garage is part of the property. Recent work includes a replacement boiler system in 2024, updated electrical panels, and new garage doors; the garage roof was replaced three years ago. The basement has a shared utility area with laundry hookups, and tenants currently lease a card-reader washer and dryer.
The property is near shopping, employment centers, and public transportation, with Weber State University a short drive away. Zoning is R-2EC.
The property is near shopping, employment centers, and public transportation, with Weber State University a short drive away. Zoning is R-2EC.
Key Highlights
- Fourplex with 3,332 square feet of building area
- Brick construction and metal roof
- Detached four‑car garage with new doors and a roof replaced three years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,929
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,580
$658.6K
Cap Rate 7%
$470,414
$470.4K
Cap Rate 9%
$365,878
$365.9K
Market Conditions
NOI Build-Up for 3,332 SF
Gross rent
$52.0K $15.60/SF
− Vacancy
−$4.9K −$1.48/SF
EGI
$47.0K $14.12/SF
− OpEx
−$14.1K −$4.24/SF
NOI
$32.9K $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 Rate 5%
$658,580
Cap Rate 7%
$470,414
Cap Rate 9%
$365,878
Alternative Uses
Best Use
Multifamily LT 5
$470.4K
$411.6K – $548.8K
NOI $32,929 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$410.0K
$358.7K – $478.3K
NOI $28,699 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$768.5K
$672.4K – $896.6K
NOI $53,795 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,604
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Shared laundry hookups and a card-reader washer and dryer serve residents in the basement utility area.
Where is this quadplex located?
The property is located at 527 28th St Ogden, UT.
What is the asking price?
The asking price for this property is $634,900.
What are key features of this property?
This property features: Fourplex with 3,332 square feet of building area; Brick construction and metal roof; Detached four‑car garage with new doors and a roof replaced three years ago
