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3508 S WASHINGTON E BLVD, Ogden, UT 84403
$1,150,000
3508 S WASHINGTON E BLVD, Ogden, UT 84403
Units
5
Price/Unit
$230,000
Price/Sqft
$237
Est Gross Yield
6.2%
$71,820/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 2BR / 1BA | 2 | 2 | 1 | 810 | $19,600/mo |
| 2BR / 1BA | 2 | 2 | 1 | 810 | $19,600/mo |
| 2BR / 1BA | 1 | 2 | 1 | 1,100 | $19,600/mo |
| Total | 5 | 10 | 5 | 4,340 | $98,000/mo |
Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.
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.
Listed by Britain R Sorensen · Equity Real Estate (Select)
Location
3508 S WASHINGTON E BLVD, Ogden, UT 84403
Proforma
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Cap Rate
4.15%
Cash-on-Cash
-1.40%
Cash Flow
-$502/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 8/25/2026, 2:46:43 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.