Fully Remodeled Duplex
For Sale
$450,000
705 OGDEN AVE, Ogden, UT 84404
Fully remodeled duplex in Ogden with two updated units and convenient access to I-15 and local amenities.
Property Size1,755 SF
Price / SF$256.41
Days on Market83
Property Features for 705 OGDEN AVE
General Information
Standard status
Active
Size
1,755 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Building Size
1,755 SF
Year Built
1969
Listing Agency:
Signature Group Real Estate
(801) 208-3800
Listed By:
Yesenia Gonzalez
(385) 261-6211
Source:
Liftrealty
Added: Jun 25
Changed: Sep 14
Last Checked: Sep 15 at 7:07AM
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 Signature Group Real Estate
Investment Insights
Based on property information with market context.
This fully remodeled duplex offers two updated units with tastefully refreshed finishes throughout. Designed as a versatile option for investors seeking rental income or owner-occupants looking to offset their mortgage, the property is presented as move-in ready based on the updates described.
Located at 705 Ogden Ave in Ogden, it’s minutes from historic downtown and provides easy access to restaurants, shopping, outdoor recreation, and Weber State University. Quick access to I-15 further supports convenient commuting and tenant accessibility.
Financing is noted as potentially available through an in-house mortgage program with the listing’s partnering lender.
Located at 705 Ogden Ave in Ogden, it’s minutes from historic downtown and provides easy access to restaurants, shopping, outdoor recreation, and Weber State University. Quick access to I-15 further supports convenient commuting and tenant accessibility.
Financing is noted as potentially available through an in-house mortgage program with the listing’s partnering lender.
Key Highlights
- Fully remodeled duplex in Ogden, built in 1969
- Two updated units with updated finishes throughout
- Convenient access to I‑15 plus nearby restaurants and shopping
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
$17,344
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
3.85%
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%
$346,880
$346.9K
Cap Rate 7%
$247,771
$247.8K
Cap Rate 9%
$192,711
$192.7K
Market Conditions
NOI Build-Up for 1,755 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
$27.4K $15.60/SF
− Vacancy
−$2.6K −$1.48/SF
EGI
$24.8K $14.12/SF
− OpEx
−$7.4K −$4.24/SF
NOI
$17.3K $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%
$346,880
Cap Rate 7%
$247,771
Cap Rate 9%
$192,711
Alternative Uses
Best Use
Multifamily LT 5
$247.8K
$216.8K – $289.1K
NOI $17,344 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$215.9K
$189.0K – $251.9K
NOI $15,116 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$404.8K
$354.2K – $472.2K
NOI $28,334 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
657
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully remodeled duplex in Ogden with two updated units and convenient access to I-15 and local amenities.
Where is this duplex located?
The property is located at 705 OGDEN AVE Ogden, UT.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Fully remodeled duplex in Ogden, built in 1969; Two updated units with updated finishes throughout; Convenient access to I‑15 plus nearby restaurants and shopping
