Updated Duplex with Rental
New
For Sale
$499,000
764 NORTH ST, Ogden, UT 84404
Two-unit residential property with one refreshed apartment and one leased unit, supporting both owner occupancy and rental use.
Property Size2 SF
Price / SF$216.58
Days on Market5
Property Features for 764 NORTH ST
General Information
Standard status
Active
Size
2 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Building Size
2 SF
Year Built
2002
Buildings
1
Listing Agency:
Equity Real Estate (Solid)
(801) 414-3535
Listed By:
Nicole Gleave Hicks
(801) 414-3535
Source:
Liftrealty
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 7:03AM
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 Equity Real Estate (Solid)
Investment Insights
Based on property information with market context.
Built in 2002, this 2,304-square-foot duplex contains two two-bedroom, one-bath apartments. One residence is vacant, while the second is occupied under a lease extending through June 2027. The vacant apartment has received fresh paint, new carpet, and a new appliance package. Roofing, HVAC equipment, and water heaters have each been replaced within the past five years.
The property is located at 764 North St in Ogden, with access to schools, shopping, dining, parks, and commuter routes. It is also positioned near Ogden’s educational and technology corridor, including technical and higher education campuses. The configuration supports an owner occupant seeking on-site housing alongside a leased unit, or an investor acquiring a two-unit rental property.
The property is located at 764 North St in Ogden, with access to schools, shopping, dining, parks, and commuter routes. It is also positioned near Ogden’s educational and technology corridor, including technical and higher education campuses. The configuration supports an owner occupant seeking on-site housing alongside a leased unit, or an investor acquiring a two-unit rental property.
Key Highlights
- 2,304 SF duplex built in 2002
- Two 2‑bedroom, 1‑bath units
- One apartment vacant; the other leased through June 2027
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
$22,770
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
4.56%
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%
$455,400
$455.4K
Cap Rate 7%
$325,286
$325.3K
Cap Rate 9%
$253,000
$253.0K
Market Conditions
NOI Build-Up for 2,304 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
$35.9K $15.60/SF
− Vacancy
−$3.4K −$1.48/SF
EGI
$32.5K $14.12/SF
− OpEx
−$9.8K −$4.24/SF
NOI
$22.8K $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%
$455,400
Cap Rate 7%
$325,286
Cap Rate 9%
$253,000
Alternative Uses
Best Use
Multifamily LT 5
$325.3K
$284.6K – $379.5K
NOI $22,770 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$283.5K
$248.1K – $330.7K
NOI $19,844 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$531.4K
$465.0K – $620.0K
NOI $37,198 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
152
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with one refreshed apartment and one leased unit, supporting both owner occupancy and rental use.
Where is this duplex located?
The property is located at 764 NORTH ST Ogden, UT.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,304 SF duplex built in 2002; Two 2‑bedroom, 1‑bath units; One apartment vacant; the other leased through June 2027
