Front-and-Back Duplex with
New
For Sale
$514,900
983 29TH ST, Ogden, UT 84403
Two residential units provide distinct layouts with recent appliance, furnace, HVAC, water heater, and cabinet improvements.
Property Size2,576 SF
Price / SF$199.88
Days on Market5
Property Features for 983 29TH ST
General Information
Standard status
Active
Size
2,576 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/2BA
Multifamily Units
2
Building Details
Building Size
2,576 SF
Year Built
1936
Listing Agency:
Coldwell Banker Realty (South Ogden)
(801) 388-7556
Listed By:
Mandi Lee · License #5490811
(801) 388-7556
Source:
Liftrealty
Added: Aug 17
Changed: Aug 20
Last Checked: Aug 20 at 7:12AM
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 Coldwell Banker Realty (South Ogden)
Investment Insights
Based on property information with market context.
Built in 1936, this 2,576-square-foot duplex is arranged as two separate residential units with front and rear orientations. The unit facing Jackson Avenue includes 2 bedrooms, 1 bathroom, a furnace installed in 2023, and appliances installed in 2023.
The second unit, oriented toward 29th Street, offers 4 bedrooms, 2 bathrooms, two family rooms, and laundry hookups. Its improvements include appliances added in February 2024, a water heater installed in 2022, kitchen cabinets added in 2024, and an HVAC system installed in 2024. The property is located at 983 29TH ST in Ogden, Utah.
The second unit, oriented toward 29th Street, offers 4 bedrooms, 2 bathrooms, two family rooms, and laundry hookups. Its improvements include appliances added in February 2024, a water heater installed in 2022, kitchen cabinets added in 2024, and an HVAC system installed in 2024. The property is located at 983 29TH ST in Ogden, Utah.
Key Highlights
- 2,576‑square‑foot duplex built in 1936
- Two‑unit front‑and‑back configuration with separate Jackson Avenue and 29th Street orientations
- Unit 1 includes 2 bedrooms, 1 bathroom, a 2023 furnace, and 2023 appliances
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
$25,458
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
4.94%
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%
$509,160
$509.2K
Cap Rate 7%
$363,686
$363.7K
Cap Rate 9%
$282,867
$282.9K
Market Conditions
NOI Build-Up for 2,576 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
$40.2K $15.60/SF
− Vacancy
−$3.8K −$1.48/SF
EGI
$36.4K $14.12/SF
− OpEx
−$10.9K −$4.24/SF
NOI
$25.5K $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%
$509,160
Cap Rate 7%
$363,686
Cap Rate 9%
$282,867
Alternative Uses
Best Use
Multifamily LT 5
$363.7K
$318.2K – $424.3K
NOI $25,458 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$317.0K
$277.3K – $369.8K
NOI $22,187 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$594.1K
$519.9K – $693.2K
NOI $41,589 @ 7.0% cap · market cap 8.08%
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
378
Businesses Nearby
Explore this area
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
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 - Two residential units provide distinct layouts with recent appliance, furnace, HVAC, water heater, and cabinet improvements.
Where is this duplex located?
The property is located at 983 29TH ST Ogden, UT.
What is the asking price?
The asking price for this property is $514,900.
What are key features of this property?
This property features: 2,576‑square‑foot duplex built in 1936; Two‑unit front‑and‑back configuration with separate Jackson Avenue and 29th Street orientations; Unit 1 includes 2 bedrooms, 1 bathroom, a 2023 furnace, and 2023 appliances
