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650 24th St
Ogden, UT 84401
MLS #2070883

$975,000

 Available

2 Beds | 8 Baths | 0 Garage | 4,510 Sq Ft

Estimated Payment:  /month 
650  24th St
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> 4 Units for Sale

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

Price Insights
Current price
Price per sq ft
Price per finished sq ft
$975,000
$216 / square foot
$216 / finished sq ft

1 Day on the Market
Status: Available

Schools, Inclusions, & Exclusions


Inclusions are often re-negotiated during contract negotiation.
No items have been listed as excluded.

School District

Elementary: None/Other
Middle: None/Other
Senior: None/Other

*The listing agent did not provide any schools for this listing.

The Numbers
Interior :
Style :
Year built :
Lot acres :
Lot sq ft :
4,510 square feet
Style: 2 Story
1920
.12 acres
5,227 square feet

Home Features & Amenities

Private Showing

Tony Fantis, Realtor<sup>®</sup>
For showing appointments, call Tony Fantis, Realtor® to view the home at 650 24th St in Ogden. Give Tony Fantis, Realtor® a call at (801) 541-8806.
650 24th St was listed on Mar 16th, 2025 by Pathway Properties, LLC, a real estate brokerage. 385-423-8589 is the contact info for the listing brokerage contact assigned for this listing.

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