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506 14th St 9 Unit Apartment Building $2,150,000 ($238,889/Unit) 3% Cap Rate Ogden, UT 84404
Investment Highlights
- Plenty of parking
- Storage sheds
- 8 covered parking stalls
Executive Summary
4 duplexes and 1 home. Each duplex has 2 carports, storage shed and washer/dryer hookups. Fenced property with auto sprinklers and full landscaping.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$117,780
|
$15.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$117,780
|
$15.23
|
| Taxes |
$9,651
|
$1.25
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$9,651
|
$1.25
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $117,780 |
| Annual Per SF | $15.23 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $117,780 |
| Annual Per SF | $15.23 |
| Taxes | |
|---|---|
| Annual | $9,651 |
| Annual Per SF | $1.25 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $9,651 |
| Annual Per SF | $1.25 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,150,000 | Building Class | C |
| Price Per Unit | $238,889 | Lot Size | 0.89 AC |
| Sale Type | Investment | Building Size | 9,800 SF |
| Cap Rate | 3% | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1964/2010 |
| Property Subtype | Apartment | Parking Ratio | 0.82/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Multi family | ||
| Price | $2,150,000 |
| Price Per Unit | $238,889 |
| Sale Type | Investment |
| Cap Rate | 3% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 9,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2010 |
| Parking Ratio | 0.82/1,000 SF |
| Zoning | Multi family |
Amenities
Unit Amenities
- Cable Ready
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 3 | - | - |
| 4+2 | 2 | - | - |
1 1
Walk Score®
Very Walkable (75)
Property Taxes
| Parcel Number | 13-036-0017 | Total Assessment | $1,415,000 |
| Land Assessment | $315,000 | Annual Taxes | $9,651 ($0.98/SF) |
| Improvements Assessment | $1,100,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
13-036-0017
Land Assessment
$315,000
Improvements Assessment
$1,100,000
Total Assessment
$1,415,000
Annual Taxes
$9,651 ($0.98/SF)
Tax Year
2025
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506 14th St
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