
PROPERTY DETAILS
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The home for sale at 560 21ST ST Ogden, UT 84401 has been listed at $1,050,000 and has been on the market for 28 days.
This exceptional investment opportunity presents the chance to acquire a property of 2 multifamily properties totaling 7 units, situated in the highly sought-after Ogden area constructed in 1936, respectively. These buildings are located in a prime central Ogden location, providing convenient access to essential amenities and local attractions. The property consists of six 1BD/1BA units, and one 4BD/2BA home. The current owners have proactively maintained the properties, with numerous improvements completed in recent years. These include: 4 of the 7 units have undergone renovations within the past few years. Plumbing and electrical upgrades have also been implemented across several units. Even with 4 of the 7 units partially or fully 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 19.7%, 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 7.15% cap rate at the asking price. Additionally, with market rents in place, the property has the potential for a 7.87% cap rate. VALUE-ADD OPPORTUNITIES: The property sits on 0.6 acres, with vacant land ideal for storage units and potentially tenant amenities, creating an enhanced community atmosphere. 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.
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General Information
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Price
$1,050,000
-
Days on Market
28
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Area
Ogdn; W Hvn; Ter; Rvrdl
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Total Bedrooms
10
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Total Bathrooms
8
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House Size
7483 Sq Ft
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Address
560 21ST ST Ogden, UT 84401
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HOA
NO
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Lot Size
0.60
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Price/sqft
140.32
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Year Built
1936
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MLS
2070882
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Status
Active
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City
Building and Construction
- Roof:
- Exterior:
- Construction:
- Foundation Basement: d d
Garage and Parking
- Garage Type: No
- Garage Spaces: 0
Price History
Mar 17, 2025
$1,050,000
Just Listed
$140.32/sqft

LOVE THIS HOME?

Schedule a showing or ask a question.

Kristopher
Larson
801-410-7917

Schools
- Highschool: None/Other
- Jr High: None/Other
- Intermediate: None/Other
- Elementary: None/Other

Most errands can be accomplished on foot. Good Transit is available, with 15 nearby routes: 14 bus, 1 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 2070882.
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.