3508 S Washington Blvd EOgden, UT 84403

Description

Rare opportunity to own a highly updated 5-plex with established nightly rental income and significant upside. Two units are currently operating as successful nightly rentals, two more have been fully remodeled and are nearly ready to launch, and the fifth is occupied month-to-month at $1,200/month. Gross potential income is approximately $98,000+ annually. Originally built in 1929, this property underwent a major renovation in 2001 including new electrical, plumbing, insulation, and more. Ownership has continued to invest heavily in the building with a newer Slant/Fin boiler, high-efficiency Carrier heat pumps, and an 80-gallon commercial water heater. Two heat pumps were replaced under warranty in summer 2026. Strong short-term rental potential, and major systems already updated make this an unusually low-maintenance investment. For investors seeking STR income, there may also be attractive cost segregation and accelerated depreciation opportunities under current tax law. Buyer to verify tax benefits with their advisor. A lot of the hard work has already been done.

Property Information

Property type

Residential

Sub-type

Multi Family

Style

Stories: 2

Year built

1929

Living area

4,860 Sq Ft

Lot size

0.15 acres

Lot dimensions

0.0x0.0x0.0

Parking spaces

7

Ownership

Agent Owned

Zoning

Multi-Family

Days on market

37

MLS^® Listing#

2180669

Property Features

Exterior

Lighting

Appliances

Disposal · Oven · Range

Cooling

None

Heating

Heat Pump · Hot Water

Flooring

Carpet

Construction

Brick

Roof

Rubber

Windows

Window Coverings · Blinds · Double Pane Windows

Utilities

Natural Gas Available · Natural Gas Connected · Electricity Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Schools

Elementary

Odyssey

Middle

Mount Ogden

High

Ogden

Financial Details

HOA

None

Annual taxes

$3,171

Parcel number

05-117-0002