1117 Country Hills Dr Ogden, UT 84403
Nine-unit multifamily property with expansion potential in Ogden, Utah.
Property Features for 1117 Country Hills Dr
General Information
- Standard status
- Active
- Size
- 9,422 SF
- Lot size
- 0.75 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1978
Listing office CBRE - Salt Lake City
Listing date May 18, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Documented pathway to expand from 9 to 18 (approved) or 23 units.
- All nine units are fully upgraded and currently leased.
- Existing building's water line and fire suppression system upgraded to support expansion.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $163.9k | $17.40 |
| − Vacancy | −$16.4k | −$1.74 |
| EGI | $147.5k | $15.66 |
| − OpEx | −$66.4k | −$7.05 |
| NOI | $81.2k | $8.61 |
