Multifamily
Smith Villas
2650 Jefferson Ave, Ogden, UT 84401
Listing Price: $2,950,000
Investment Overview
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.
Smith Villas
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.
Listing Price: $2,950,000
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.
Investment Overview
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.
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