650 24th St
Ogden, UT 84401
- 2 beds
- 8 baths
- 4,510 sqft
- 5,227 sqft lot
- $216 per sqft
- 1920 build
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 area's 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
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Mar 18, 2025
•
MLS# 2070883 —
The Building
-
Year Built:1920
-
New Construction:false
-
Construction Status:Blt./Standing
-
Architectural Style:Stories: 2
-
# of Units Total:8
-
Building Area Total:4510.0
Interior
-
Fireplace:false
Room Dimensions
-
Living Area:4510.0
-
Living Area Units:Square Feet
The Property
-
View:false
-
Parcel Number:01-025-0007
-
Property Type:Residential
-
Property Subtype:> 4 Units
-
Property Condition:Blt./Standing
-
Current Use:Residential
-
Waterfront:false
-
Horse:false
-
Lot Size Acres:0.12
-
Lot Size Area:0.12
-
Lot Size Dimensions:0.0x0.0x0.0
-
Lot Size SqFt:5227.2
-
Lot Size Units:Acres
Listing Agent
- Contact info:
- No listing contact info available
Taxes
-
Tax Annual Amount:3599.0
Beds
-
Bedrooms Total:2
Baths
-
Baths:8
The Listing
-
Virtual Tour Unbranded:
Heating & Cooling
-
Heating:false
-
Cooling:false
Schools
-
Elementary School:None/Other
-
Middle Or Junior School:None/Other
-
High School:None/Other
The Community
-
Senior Community:false
-
Pool Private:false
-
Spa:false
-
Association:false
Parking
-
Garage:false
-
Attached Garage:false
-
Carport:false
-
Open Parking:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/17/25
Mar 17, 2025
|
Listed / Active | WFRMLS | $975,000 |