Duplex with
For Sale
$500,000
544 PINE CONE Way, Ogden, UT 84404
Residential, Ogden, UT
Property Size2,084 SF
Lot Size0.24 Acres
Price / SF$239.92
Days on Market45
Property Features for 544 PINE CONE Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3
Parking
4
Parking features
Open
Patio and Porch features
Patio
Exterior features
Patio: Open
Lot features
View: Mountain
Elementary school
Heritage
Middle school
Highland
High school
Ben Lomond
Elementary school district
Ogden
Middle school district
Ogden
High school district
Ogden
Subdivision
Ogdn; FarrW; Hrsvl; Pln Cty.
Standard status
Active
APN
12-157-0006
Size
2,084 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
3369
Utilities
Heating system
Forced Air
Building Details
Year built
2000
Number of units
2
Flooring type
Laminate, Carpet
Building materials
Aluminum
Roof type
Asphalt
Architectural style
Other
Listing Agency:
KW Success Keller Williams Realty
(801) 866-1934
Listed By:
Rhonda Berdinner · License #8415825
(801) 821-9401
Added: Aug 17
Changed: Sep 30
Last Checked: Sep 30 at 1:06PM
MLS# 2179361
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 duplex contains 2,084 square feet and includes a two-car garage and an open patio. Built in 2000, the property has aluminum construction, laminate and carpet flooring, and forced-air heating.
The site covers 0.24 acres and is zoned Multi-Family. The property is in Ogden, Utah.
The site covers 0.24 acres and is zoned Multi-Family. The property is in Ogden, Utah.
Key Highlights
- 2,084‑square‑foot duplex on 0.24 acres
- Two‑car garage
- Multi‑Family zoning
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
$20,595
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
4.12%
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%
$411,900
$411.9K
Cap Rate 7%
$294,214
$294.2K
Cap Rate 9%
$228,833
$228.8K
Market Conditions
NOI Build-Up for 2,084 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
$32.5K $15.60/SF
− Vacancy
−$3.1K −$1.48/SF
EGI
$29.4K $14.12/SF
− OpEx
−$8.8K −$4.24/SF
NOI
$20.6K $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%
$411,900
Cap Rate 7%
$294,214
Cap Rate 9%
$228,833
Alternative Uses
Best Use
Multifamily LT 5
$294.2K
$257.4K – $343.3K
NOI $20,595 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$256.4K
$224.4K – $299.2K
NOI $17,949 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$480.7K
$420.6K – $560.8K
NOI $33,646 @ 7.0% cap · market cap 6.73%
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
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 84404, UT
66,382
Population
23,907
Households
2.8
Avg Household Size
32
Median Age
22%
College-Educated
89%
High-School Grad
96.3 sq mi
ZIP Area
689
Density / Sq Mi
$81,917
Median Household Income
$42,844
Median Earnings
$1,304
Median Rent
$352,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - A two-unit residential property with a two-car garage and Multi-Family zoning.
Where is this duplex located?
The property is located at 544 PINE CONE Way Ogden, UT.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,084‑square‑foot duplex on 0.24 acres; Two‑car garage; Multi‑Family zoning
