Ogden Homes with Stories: 3 Style

Ogden Homes with Stories: 3 Style

Welcome to Ogden, Utah—a vibrant city nestled at the foothills of the majestic Wasatch Mountains. Known for its rich history and outdoor recreational opportunities, Ogden is a unique blend of urban charm and natural beauty. With a population that embraces a diverse culture, this city is an inviting place for families, young professionals, and retirees alike.

Ogden boasts an array of homes with character and stories waiting to be uncovered. The real estate market here features a delightful mix of architectural styles, from charming bungalows to modern townhomes, each with its own unique narrative. Imagine settling into a classic Victorian home, where the creaking floorboards whisper tales of yesteryear, or a mid-century modern masterpiece that reflects the innovative spirit of the 1960s. These homes not only provide shelter but also serve as a canvas for your own life story.

The city is renowned for its proximity to outdoor activities, including hiking, skiing, and mountain biking, making it a paradise for nature enthusiasts. The historic 25th Street, with its eclectic shops and eateries, offers a taste of local culture and flavor. Furthermore, Ogden's strong sense of community is palpable at local events and farmers' markets, where neighbors gather to celebrate the city’s vibrant spirit.

Whether you’re drawn to the rich history, the stunning landscapes, or the inviting community, Ogden, Utah, is a place where homes truly have stories to tell. Discover your next chapter in this enchanting city!

Newest Ogden Homes with Stories: 3 Style

$2,100,000
21 Beds 10 Baths 2165755 MLS
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.

2465 Monroe Blvd, Ogden

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