1070 40th Street

Ogden UT 84403

376 sq. ft.

7405.2 sq. ft.

Duplex

Currently for sale - view listing

Overview

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.

Features

5 bedrooms

2 bathrooms

376 sq. ft. floor area

7405.2 sq. ft. lot size

Duplex

Property history for 1070 40th Street

2005

Sold

Undisclosed

19 Oct 2005 by Candice Kunz, of Aspen Homes Real Estate

1997

Sold

Undisclosed

05 May 1997 by Alan Williamson, of Coldwell Banker Realty (South Ogden)

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