1070 40TH ST, Ogden, UT 84403
1070 40TH ST, Ogden, UT 84403
1070 40TH ST, Ogden, UT 84403
1070 40TH ST, Ogden, UT 84403
1070 40TH ST, Ogden, UT 84403
1070 40TH ST, Ogden, UT 84403
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Brian Gihana

Brian Gihana

$ 599,000
Est. payment | /mo

5 Beds

2 Baths

376 SqFt

Save
$ 599,000
Est. payment | /mo
Save

5 Beds

2 Baths

376 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 376 sqft

Price per Sqft $1,593

MLS Listing ID 2166591

Style Up And Down

Bedrooms 5

Construction Status Blt./Standing

HOA Y/N No

Year Built 1956

Annual Tax Amount $3,530

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Duplex

Property Description

1070 40th Street is a mid-century duplex located in one of Ogden's more desirable residential neighborhoods, directly west of Weber State University. Built in 1956 and spanning 2,572 square feet, the property consists of one 2-bedroom/1-bath unit and one oversized 3-bedroom/1-bath unit, offering a classic brick duplex profile with the scale and lot depth characteristic of the best workforce housing stock in the submarket. Unit 2 features recently updated flooring, and the property sits on a large grassy backyard, which is an uncommon amenity at this price point that adds tenant retention value and carport or storage expansion potential. The asset is offered in as-is, value-add condition, with both units presenting a clear renovation runway toward meaningfully higher rents. The value-add thesis is straightforward. Unit 2, the 3-bedroom, is currently leased at $1,100 per month against a market median of $1,700, a $600 monthly gap representing $7,200 in annualized upside on a single unit. That lease was signed in January 2026 at the peak of seasonal vacancy softness in the Ogden market, and represents a below-market deal that rolls with the lease expiration. Upon turnover, a buyer can renovate and re-lease at or near market, capturing the full spread. Unit 1 at $1,415 per month sits closer to market but similarly benefits from cosmetic renovation to push rents toward the 75th percentile. At $530,000, this is a rare opportunity to acquire a well-located duplex in a supply-constrained submarket with a defined path to a sub-5% cap rate on repositioned rents.

Location

State UT

County Weber

Area Ogdn; W Hvn; Ter; Rvrdl

Zoning Multi-Family

Interior

Fireplace No

Exterior

View Y/N No

Present Use Residential

Private Pool No

Building

Architectural Style Up And Down

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Wasatch

Middle Schools Mount Ogden

High Schools Ogden

School District Ogden

Others

Senior Community No

Tax ID 06-076-0003

Listed by CBRE, Inc

NEARBY SCHOOL & BUSINESS

Brian Gihana

bgihana@gmail.com

9980 S 300 W, Sandy, UT, 84070-3630, USA

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1070 40TH ST