1070 40TH ST, Ogden, UT 84403

• 5 beds |
• 2 baths |
• 376 sqft

Property 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.

Listing Status:

Active

Date Added:

June 5, 2026

Data Last Updated:

June 26, 2026 at 1:41AM

Listing Office:

CBRE, Inc : 801-869-8000

Listing Agent:

Vicente A Cantua : 520-248-0418

MLS ID:

2166591

Exterior

• Style: Up And Down
• Parking: Parking spaces: 0

Construction

• General: Blt./Standing

Location

• Originating MLS: UtahRealEstate.com
• School District: Ogden
• County: Weber

Lot

• Zoning: Multi-Family06-076-0003
• Current Use: Residential

Financial

• Source: UtahRealEstate.com