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$599,000
Est. payment /mo
5 Beds
2 Baths
376 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 376 sqft
Price per Sqft $1,593
MLS Listing ID 2166591
Style Up And Down
Bedrooms 5
Construction Status Blt./Standing
HOA Y/N No
Year Built 1956
Annual Tax Amount $3,530
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Duplex
Property Description
1070 40th Street is a mid-century duplex located in one of Ogden's more desirable residential neighborhoods, directly west of Weber State University. Built in 1956 and spanning 2,572 square feet, the property consists of one 2-bedroom/1-bath unit and one oversized 3-bedroom/1-bath unit, offering a classic brick duplex profile with the scale and lot depth characteristic of the best workforce housing stock in the submarket. Unit 2 features recently updated flooring, and the property sits on a large grassy backyard, which is an uncommon amenity at this price point that adds tenant retention value and carport or storage expansion potential. The asset is offered in as-is, value-add condition, with both units presenting a clear renovation runway toward meaningfully higher rents. The value-add thesis is straightforward. Unit 2, the 3-bedroom, is currently leased at $1,100 per month against a market median of $1,700, a $600 monthly gap representing $7,200 in annualized upside on a single unit. That lease was signed in January 2026 at the peak of seasonal vacancy softness in the Ogden market, and represents a below-market deal that rolls with the lease expiration. Upon turnover, a buyer can renovate and re-lease at or near market, capturing the full spread. Unit 1 at $1,415 per month sits closer to market but similarly benefits from cosmetic renovation to push rents toward the 75th percentile. At $530,000, this is a rare opportunity to acquire a well-located duplex in a supply-constrained submarket with a defined path to a sub-5% cap rate on repositioned rents.
Location
State UT
County Weber
Area Ogdn; W Hvn; Ter; Rvrdl
Zoning Multi-Family
Interior
Fireplace No
Exterior
View Y/N No
Present Use Residential
Private Pool No
Building
Architectural Style Up And Down
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Wasatch
Middle Schools Mount Ogden
High Schools Ogden
School District Ogden
Others
Senior Community No
Tax ID 06-076-0003
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Listed by CBRE, Inc
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