PEARSON & ASSOCIATES

Stories: 2

2650 JEFFERSON AVE

Ogden, UT 84401

MLS#: 2186542

$2,500,000

Status: Active
Listing number: 2186542
Listing provided by: Marcus & Millichap Real Estate Investment Services, INC
Listing agent phone: None
Last update: 9 days ago
On site: 9 days ago
Browse Properties
Main image without alt text

Property

Beds

31

Full Baths

None

1/2 Baths

None

Year Built

1979

Sq.Footage

12,036

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 well below market. 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.

Features & Amenities

Interior

  • Total Bedrooms

    31

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Heating YN

    NO

  • Heating

    None

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    1.08

  • Lot Size(square feet)

    47,044

  • Property Type

    Residential

  • Property Sub Type

    Multi Family

  • Architectural Style

    Stories: 2

Price

  • Sales Price

    $2,500,000

  • Tax Amount

    $14,763

  • Sq. Footage

    12,036

  • Price/SqFt

    $207

HOA

  • Association

    No

Property Resources

  • Horse Property

    NO

School District

  • Elementary School

    Ogden

  • Middle School

    Mound Fort

  • High School

    Ogden

Property Features

  • New Construction

    NO

  • Senior Community YN

    NO

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Weber

Elementary School

Ogden

Middle School

Mound Fort

High School

Ogden

Listing Courtesy of Evan Clark, Marcus & Millichap Real Estate Investment Services, INC

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Micah Pearson

Principal Broker

Micah Pearson

Call Micah today to schedule a private showing.

(801) 225-7272

micahpearson@gmail.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
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 well below market. 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.

2650 JEFFERSON AVE

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by Summit Realty Utah via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Related Properties

Fontanelle Apartments is a 10-unit historic multifamily asset located at 2465 Monroe Boulevard in Ogden, Utah. Built in 1924 and listed on the U.S. National Register of Historic Places, the property is a three-story building constructed in the Spanish Colonial Revival and Prairie School architectural styles. The property consists of four oversized one-bedroom units and six three-bedroom units. The four one-bedroom units are garden-level, partially above grade. The six three-bedroom units are spread two per floor across the upper levels. A drop-down basement below the concrete deck at the rear of the property houses shared laundry, mechanical systems including the furnace and hot water heater, and additional tenant storage. There is also exterior space at the rear of the site with value-add potential for carport construction. The seller has completed significant capital improvements including a new roof, full electrical rewiring with updated panels, and complete replumbing throughout the building, substantially reducing near-term capex exposure for an incoming buyer. The property operates under a RAD-converted Project-Based Voucher (PBV) HAP contract through the Ogden Housing Authority, providing a 15-year term of government-backed rental income with annual rent renegotiation rights. Current contract rents are $1,142 per month for one-bedroom units and $1,697 per month for three-bedroom units. Five of nine occupied units are HCV tenants operating under the PBV contract. The 10th unit is currently vacant and represents immediate upside, either by re-leasing into the PBV program or converting to market-rate tenancy. Three-bedroom units are in high demand in this submarket, and units renovated to market-rate condition can command rents meaningfully above current contract levels. The PBV contract allows the owner to renegotiate rents annually or terminate and convert individual units to market rate as they turn over, giving a buyer optionality to blend and extend or reposition over time. At an asking price of $2.1 million, the property is offered at $210,000/unit, a 5.61% cap rate.
#2165755

Ogden

2465 MONROE BLVD

21 Beds

None Baths

8,526 Sq.Ft.

$2,100,000

MLS#: 2165755

Country Hills Apartments is a fully stabilized nine-unit multifamily asset with compelling in place income located at 1117 Country Hills Drive in Ogden, Utah, offered with a documented pathway to expand to 18 or 23 total units on site. Originally converted from office use in 2023, all interiors are fully upgraded and all nine units are currently leased. Rents & Income Current rents are below market. Interior finishes are in upgraded condition, and the discount reflects the exterior's unfinished state rather than unit quality. A buyer can raise rents by investing in exterior improvements prior to construction, or bundle those upgrades with the expansion and execute both simultaneously.
#2185284

Ogden

1117 COUNTRY HILLS DR DR

17 Beds

None Baths

9,422 Sq.Ft.

$2,500,000

MLS#: 2185284

Excellent investment opportunity at 1165 Edgewood Dr, a 12-unit multifamily complex located in the heart of Ogden, currently bringing in over 185K in annual revenue, Priced at a 6 CAP as is!!! All units are currently rented, providing immediate cash flow from day one. Several of the units have been updated and remodeled, offering a strong blend of stabilized income with upside potential through continued interior improvements and rent optimization. The property features a well-balanced unit mix, long-term tenant demand, and a proven rental history. Recent updates in select units enhance overall appeal while leaving room for a value-add strategy for future ownership. Ideal for both seasoned investors and portfolio builders seeking a solid, income-producing asset in a growing Northern Utah market. Conveniently located near major commuter routes, local employers, shopping, dining, and recreation, this property benefits from consistent rental demand. Professional management in place makes this a smooth transition for a new owner, whether self-managing or continuing third-party management. **Do not disturb tenants.** Financials available upon request. This is a rare opportunity to acquire a fully occupied, multi-unit property with both stability and upside in Ogden.
#2133935

Ogden

1165 EDGEWOOD DR

20 Beds

None Baths

12,616 Sq.Ft.

$2,149,999

MLS#: 2133935

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by Summit Realty Utah via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

I agree to receive communications and understand I can unsubscribe at any time.

I agree to be contacted by Summit Realty Utah via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service