12-Unit Multifamily
For Sale
$2,149,999
1165 EDGEWOOD Dr, Ogden, UT 84403
Residential, Ogden, UT
Property Size12,616 SF
Lot Size0.56 Acres
Price / SF$170.42
Days on Market243
Property Features for 1165 EDGEWOOD Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
20
Bathrooms
16
Full bathrooms
16
Rooms
Bedroom 4, Bedroom 11, Bedroom 20, Bedroom 17, Bedroom 3, Bathroom 4, Bedroom 15, Bathroom 11, Bathroom 13, Bedroom 9, Bedroom 14, Bedroom 2, Bathroom 6, Bedroom 12, Bathroom 16, Bedroom 6, Bedroom 8, Bedroom 18, Bathroom 9, Bathroom 12, Bathroom 5, Bedroom 7, Bathroom 2, Bathroom 15, Bedroom 16, Bedroom 1, Bathroom 7, Bedroom 19, Bedroom 5, Bathroom 8, Bathroom 10, Bathroom 1, Bedroom 10, Bathroom 3, Bedroom 13, Bathroom 14
Parking
18
Parking features
Covered
Window features
Blinds
Interior features
Disposal, Range/Oven: Free Stdng., Dishwasher: Built-In
Subdivision
OXFORD PLACE SUBDIVI
Lot features
Corner Lot, Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto- Full, Terrain: Grad Slope, View: Mountain
Elementary school
Shadow Valley
Middle school
Mount Ogden
High school
Ogden
Elementary school district
Ogden
Middle school district
Ogden
High school district
Ogden
Standard status
Active
APN
06-033-0001
Size
12,616 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Annual Amount
13000
Utilities
Heating system
Natural Gas, Forced Air, Central
Building Details
Year built
1968
Number of units
12
Flooring type
Linoleum, Tile, Carpet, Vinyl
Building materials
Aluminum, Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
KW Utah Realtors Keller Williams · Keller Williams Realty
(801) 858-0000
Listed By:
Jordy Clark · License #8992415
(801) 857-5383
Added: Jan 30
Changed: Sep 14
Last Checked: Sep 30 at 10:06AM
MLS# 2133935
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1968, this 12-unit multifamily property contains 12,616 square feet on a 0.56-acre parcel. The complex is fully occupied, with several residences updated or remodeled. Interior features include built-in dishwashers, freestanding ranges and disposals, while covered parking serves the property. Construction combines aluminum and brick, with central forced-air heating powered by natural gas and a mix of linoleum, tile, vinyl and carpet flooring.
The property is located at 1165 Edgewood Dr in Ogden, Utah, within a Multi-Family zoning designation. Its established rental occupancy and on-site improvements provide an operating apartment asset with a defined unit count and existing management structure. Professional management is already in place, and select interior updates have been completed while additional residences remain part of the property's improvement profile.
The property is located at 1165 Edgewood Dr in Ogden, Utah, within a Multi-Family zoning designation. Its established rental occupancy and on-site improvements provide an operating apartment asset with a defined unit count and existing management structure. Professional management is already in place, and select interior updates have been completed while additional residences remain part of the property's improvement profile.
Key Highlights
- 12‑unit multifamily complex with 12,616 square feet of building area
- Fully occupied with all units currently rented
- Situated on a 0.56‑acre parcel at 1165 Edgewood Dr, Ogden, UT 84403
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$108,662
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,173,240
$2.2M
Cap Rate 7%
$1,552,314
$1.6M
Cap Rate 9%
$1,207,356
$1.2M
Market Conditions
NOI Build-Up for 12,616 SF
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.
Gross rent
$219.5K $17.40/SF
− Vacancy
−$22.0K −$1.74/SF
EGI
$197.6K $15.66/SF
− OpEx
−$88.9K −$7.05/SF
NOI
$108.7K $8.61/SF
Area
Weber County, UT
Vacancy
10.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,173,240
Cap Rate 7%
$1,552,314
Cap Rate 9%
$1,207,356
Alternative Uses
Best Use
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,662 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.91M
$2.55M – $3.39M
NOI $203,685 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
12
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
Explore this area
Business Placement
Demographics for 84403, UT
37,847
Population
14,587
Households
2.6
Avg Household Size
33
Median Age
34%
College-Educated
93%
High-School Grad
34.0 sq mi
ZIP Area
1,113
Density / Sq Mi
$84,589
Median Household Income
$41,227
Median Earnings
$1,172
Median Rent
$392,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied complex with select remodeled residences, covered parking, and established professional management.
Where is this apartment building located?
The property is located at 1165 EDGEWOOD Dr Ogden, UT.
What is the asking price?
The asking price for this property is $2,149,999.
What are key features of this property?
This property features: 12‑unit multifamily complex with 12,616 square feet of building area; Fully occupied with all units currently rented; Situated on a 0.56‑acre parcel at 1165 Edgewood Dr, Ogden, UT 84403
