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Kelli Stoneman

kelli@stonemangroup.com +1(801) 337-6295

$530,000

Est. payment - /mo

5 Beds

2 Baths

376 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 376 sqft

Price per Sqft $1,409

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 false

Exterior

View Y/N No

Present Use Residential

Private Pool false

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

Ownership Agent Owned

Horse Property No

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Listed by CBRE, Inc

NEARBY SCHOOL & BUSINESS

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Kelli Stoneman

+1(801) 337-6295

Broker Associate | License ID: 5656390-AB00

Broker Associate License ID: 5656390-AB00

1070 40TH ST Ogden, UT 84403

Kelli Stoneman

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION