1070 40th StOgden, UT 84403
Weber County
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.
Property Information
- Property type
- Residential
- Sub-type
- Duplex
- Style
- Up And Down
- Year built
- 1956
- Living area
- 376 Sq Ft
- Lot size
- 0.17 acres
- Lot dimensions
- 0.0x0.0x0.0
- Ownership
- Agent Owned
- Zoning
- Multi-Family
- Days on market
- 107
- MLS® Listing#
- 2166591
Property Features
- Cooling
- None
- Heating
- None
Schools
- Elementary
- Wasatch
- Middle
- Mount Ogden
- High
- Ogden
Financial Details
- HOA
- None
- Annual taxes
- $3,530
- Parcel number
- 06-076-0003
Listing Courtesy: CBRE, Inc - 801-869-8000
Last Updated: 2026-06-05
Ogden Market Statistics
How this home compares to 622 active listings in Ogden, UT
| Ogden median | This listing | |
|---|---|---|
| Median listing price | $395,000 | $499,000 |
| Median days on market | 63 | 107 |
| Median Sq Ft | 1,849 | 376 |
| Median price / Sq Ft | $216 | $1,327 |
Market statistics compiled from active EXIT Realty® and MLS listings in Ogden, UT.
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|---|---|---|---|---|
| 803 BEL MAR DR, Ogden, UT | $529,000 | 5 | 3 | 2,868 |
| 907 MAPLE ST, Ogden, UT | $499,000 | 5 | 2 | 2,356 |
| 4102 EDGEHILL DR, Ogden, UT | $499,900 | 5 | 3 | 3,008 |
| 4407 S VISTA DR E, South Ogden, UT | $487,500 | 5 | 3 | 2,274 |
