3523 ADAMS AVE Ogden, UT 84403

View Virtual Tour

The home for sale at 3523 ADAMS AVE Ogden, UT 84403 has been listed at $575,000 and has been on the market for 28 days.

This exceptional investment opportunity presents the chance to acquire a multifamily property totaling 5 units, constructed in 1917, situated in the highly sought-after Ogden area. This building is located in a prime central Ogden location, providing convenient access to essential amenities and local attractions. The property consists of two studios, two 1BD/1BA units, one 2BD/1BA unit. The current owners have proactively maintained the property, with numerous improvements completed in recent years. These include: Two of the 5 units have been renovated in the past few years, offering significant upside potential for further updates and rent increases. Even with 2 of the 5 units renovated within the past 1-5 years, there is still tremendous opportunity to enhance the property value further. Additionally, 3 units are currently on month-to-month leases, making it easy to bring rents up to market rate quickly. In 2024, the average vacancy rate for this property was 21.4%,significantly higher than the Ogden areas average of 5.6% (according to Yardi Matrix). By reducing vacancy to 7% while maintaining current expenses, the property could achieve a 7.34% cap rate at the asking price. Additionally, with market rents in place, the property has the potential for a 8.02% cap rate. VALUE-ADD OPPORTUNITIES: The property, which sits on a 0.33-acre double lot, offers room for storage unit development. Rental Rate Growth: Current rental rates are below market averages, with the potential to increase rents significantly. By getting the vacancy rate closer to market, updating the remaining units, introducing storage units, and implementing tenant amenities, this property presents substantial opportunities for rental income growth and value enhancement

General Information

Building and Construction

• Roof:
• Exterior:
• Construction:
• Foundation Basement: d d

Garage and Parking

• Garage Type: No
• Garage Spaces: 0

Price History

Mar 17, 2025

$575,000

Just Listed

$171.74/sqft

LOVE THIS HOME?

Schedule a showing or ask a question.

Kristopher
Larson

801-410-7917

Thank you! Your message has been received.

Oops something went wrong your message was not sent please call us.

Hello, I'd like more information about the listing I found on BestUtahRealEstate.com at 3523 Adams, Ogden, UT

Address: (required)

I agree to receive marketing and customer service calls and text messages from Best Utah Real Estate. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Reply STOP to unsubscribe. Privacy Policy & Terms of Service

Request Info

Schools

• Highschool: None/Other
• Jr High: None/Other
• Intermediate: None/Other
• Elementary: None/Other

Walk Score

75

Very Walkable

Transit Score

39

Some Transit

Bike Score

55

Bikeable

Most errands can be accomplished on foot. Some Transit available, with 4 nearby routes: 4 bus, 0 rail, 0 other. This area is Bikeable - it's convenient to use a bike for trips.

Other Property Info

• Area: Ogdn; W Hvn; Ter; Rvrdl
• Zoning:
• State: UT
• County: Weber
• This listing is courtesy of: David A GalantPathway Properties, LLC. 385-423-8589.

This data is updated on an hourly basis. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. If you need more information on this property please email kris@bestutahrealestate.com with the MLS number 2070885.

PUBLISHER'S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and Utah Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, family status, or national origin.