PROPERTY DETAILS
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The home for sale at 650 24TH ST Ogden, UT 84401 has been listed at $975,000 and has been on the market for 28 days.
This exceptional investment opportunity presents the chance to acquire a property of 8 units, constructed in 1920 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 six studios, two 1BD/1BA units. The current owners have proactively maintained the property, with numerous improvements completed in recent years. These include: A new roof in 2023, along with all new windows in 2024. Six of the units have been partially renovated. Even with 6 of the 8 units partially 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 19.1%, significantly higher than the Ogden areas average of 5.6% (according to Yardi Matrix). By reducing vacancy to 7% while maintaining current expenses, the portfolio could achieve a 6.59% cap rate at the asking price. Additionally, with market rents in place, the property has the potential for a 8.09% cap rate. VALUE-ADD OPPORTUNITIES: 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
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General Information
-
Price
$975,000
-
Days on Market
28
-
Area
Ogdn; W Hvn; Ter; Rvrdl
-
Total Bedrooms
2
-
Total Bathrooms
8
-
House Size
4510 Sq Ft
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Address
650 24TH ST Ogden, UT 84401
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HOA
NO
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Lot Size
0.12
-
Price/sqft
216.19
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Year Built
1920
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MLS
2070883
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Status
Active
-
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
$975,000
Just Listed
$216.19/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
Some 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 2070883.
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.
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