Remodeled Duplex with Open
For Sale
$460,000
705 OGDEN Ave, Ogden, UT 84404
MULTI_FAMILY - Other - Ogden, UT
Property Size1,755 SF
Lot Size0.18 Acres
Price / SF$262.11
Days on Market49
Property Features for 705 OGDEN Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Single-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 1
Parking
4
Parking features
Covered
Patio and Porch features
Patio
Interior features
Kitchen: Updated, Range: Gas, Granite Countertops
Exterior features
Patio: Open
Lot features
Corner Lot, Sidewalks, Sprinkler: Manual- Full
Elementary school
Bonneville
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
12-085-0027
Size
1,755 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
2575
Utilities
Heating system
Central, Natural Gas
Building Details
Year built
1969
Number of units
2
Flooring type
Laminate
Building materials
Brick
Roof type
Aluminum
Architectural style
Other
Listing Agency:
Signature Group Real Estate · Realty ONE Group
(801) 208-3800
Listed By:
Yesenia Gonzalez
(385) 261-6211
Added: Jun 25
Changed: Aug 1
Last Checked: Aug 12 at 12:06AM
MLS# 2168024
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Investment Insights
Based on property information with market context.
This remodeled duplex includes updated kitchens with granite countertops and a gas range, along with laminate flooring throughout. The home is built with brick exterior materials and features an aluminum roof. Heating is provided by central natural gas, supporting year-round comfort.
The property sits on a 0.18-acre lot and offers an open patio for outdoor space. Covered parking is available, and the layout includes bedrooms and bathrooms across both units, totaling four bedrooms and two bathrooms based on the room configuration provided.
Built in 1969, the duplex is designed for a low-maintenance, move-in-ready setup. With its updated interiors and covered parking plus outdoor patio space, it can support either owner-occupancy or investor use.
The property sits on a 0.18-acre lot and offers an open patio for outdoor space. Covered parking is available, and the layout includes bedrooms and bathrooms across both units, totaling four bedrooms and two bathrooms based on the room configuration provided.
Built in 1969, the duplex is designed for a low-maintenance, move-in-ready setup. With its updated interiors and covered parking plus outdoor patio space, it can support either owner-occupancy or investor use.
Key Highlights
- Remodeled duplex with updated kitchens, granite countertops, and gas range
- 0.18‑acre lot with open patio
- Brick construction with aluminum roof
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
3.77%
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 3.77%
Second Best
Apartment 5plus
$215.9K
$189.0K – $251.9K
NOI $15,116 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$404.8K
$354.2K – $472.2K
NOI $28,334 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
188
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
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 - Remodeled duplex on a 0.18-acre lot with open patio, brick construction, and central natural gas heating.
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 $460,000.
What are key features of this property?
This property features: Remodeled duplex with updated kitchens, granite countertops, and gas range; 0.18‑acre lot with open patio; Brick construction with aluminum roof
