Smith Villas — Sale in Ogden, UT

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Ogden, UT 84401

Investment Figures

Cap rate
2.36%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Smith Villas, an 18-unit multifamily community located in Ogden, Utah. The property features a predominantly two-bedroom unit mix and offers a compelling value-add opportunity, with in-place rents approximately 15–25% below market. Select interior and exterior improvements provide a strong foundation for continued upgrades and repositioning. Smith Villas benefits from a central Ogden location near Weber State University, Historic 25th Street, and Hill Air Force Base, supporting consistent rental demand from a diverse tenant base. Convenient access to I-15 enhances regional connectivity, while the combination of favorable unit mix, strong location fundamentals, and remaining upside positions Smith Villas as an attractive investment opportunity in a resilient Northern Utah market. Investment Highlights: • Strong Upside Potential: In-place rents are 15–25% below market, creating immediate value-add upside through targeted interior upgrades and exterior enhancements to drive NOI growth. • Strategic Ogden Location: Located near Weber State University, Historic 25th Street, and Hill Air Force Base, with convenient I-15 access supporting durable rental demand. • Favorable Unit Mix: A predominantly two-bedroom unit mix appeals to a broad tenant base, supporting strong occupancy, stable cash flow, and reduced turnover.

Market Context

This multifamily in Ogden, UT is listed for sale. It is offered at an approximate 2.4% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 101 days. Compare it against other multifamily listings for sale in Ogden, UT — view the full market.

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