For Sale

Listed by David Galant

Source: Wasatch Front Regional MLS #2070885

3523 Adams Avenue, Ogden, UT, 84403

$575,000

4
5
3348 sq. ft.
14374.8 sq. ft.

Other

30+ days on the market

What's around 3523 Adams Avenue

About this property

This exceptional investment opportunity presents the chance to acquire a multifamily property totaling 5 units, constructed in 1917, 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 two studios, two 1BD/1BA units, one 2BD/1BA unit. The current owners have proactively maintained the property, with numerous improvements completed in recent years. These include: Two of the 5 units have been renovated in the past few years, offering significant upside potential for further updates and rent increases. Even with 2 of the 5 units 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 21.4%,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 property could achieve a 7.34% cap rate at the asking price. Additionally, with market rents in place, the property has the potential for a 8.02% cap rate. VALUE-ADD OPPORTUNITIES: The property, which sits on a 0.33-acre double lot, offers room for storage unit development. 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 opportunities for rental income growth and value enhancement

Looking for more information on 3523 Adams Avenue?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties for sale nearby

For Sale
$679,000
1785 Meadow Creek Lane
Ogden UT 84403
4
4
6
Other
Listing courtesy of Equity Real Estate (Solid)
For Sale
$364,900
1855 East 5750 South
South Ogden UT 84403
4
2
5
Other
Listing courtesy of Realtypath Summit

Other properties for sale by Pathway Properties, LLC

For Sale
$575,000
1040 40th Street
Ogden UT 84403
5
3
Duplex
Listing courtesy of Pathway Properties, LLC
For Sale
$700,000
1436 Swan Street
Ogden UT 84401
6
3
Duplex
Listing courtesy of Pathway Properties, LLC
For Sale
$260,000
7/1565 East 775 South
Ogden UT 84404
2
1
Townhouse
Listing courtesy of Pathway Properties, LLC

Browse properties sold in nearby areas

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

© 2026 RateMyAgent