Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    135 S REX Avenue Apache Junction, AZ 85120

    View on Map
    New
    For Sale
    $399,000

    MULTI_FAMILY - Apache Junction, AZ

    Property size:
    1,125 SF
    Added:
    Apr 8, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 8 at 10:06 pm

    Property Features for 135 S REX Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-8
    Appliances
    Built-In Range, Refrigerator, Microwave
    Standard status
    Active
    APN
    220-66-017-A
    Size
    1,125 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    S 100F OF N 200F OF S 528F OF E 165F NW4 SE4 SEC 24 EX W 25F
    Tax Annual Amount
    663

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1966
    Number of units
    2
    Flooring type
    Laminate, Carpet
    Building materials
    Painted, Block
    Roof type
    Composition

    We can help!

    Listing Contact
    Angela Larson
    Angela Larson

    Listing agent Angela Larson License #SA524620000

    Listing office Keller Williams Realty Phoenix 6400 E McDowell Rd Suite 160, Tempe, AZ

    Listing date Apr 8, 2026

    MLS# 7010883

    Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two Homes on Oversized Lot

    This property features two fully remodeled homes on one generously sized lot. The absence of an HOA offers flexible living arrangements. Both homes have been updated with new flooring, fresh interior paint, stainless steel appliances, new ceiling fans, and updated baseboards. The main home (Unit A) features approximately 1,125 sq ft, including 3 bedrooms, 1 bathroom, plus a dedicated office space. The second home (Unit B) offers approximately 750 sq ft, featuring 2 bedrooms, 1 bathroom, and an office. Additional upgrades include a new roof, newer A/C units, and a fully fenced yard. The oversized lot provides ample outdoor space. The property is located in Apache Junction, Arizona, in Maricopa County. The zoning is R-8. This property is suitable for multi-generational living or investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Apache Junction
    County
    Pinal
    State
    Arizona
    Longitude
    -111.585221
    Latitude
    33.412481

    Nearby Similar for Sale

    • $735,000

      Apache Junction Fourplex Investment Opportunity

      Fourplex near US-60 with updated units and strong rental income.
      2125 S APACHE Drive, Apache Junction, AZ 85120
      View Details
    • $87,500

      Improved RV Lot with Utilities

      Premium RV lot in Golden Vista Resort, pet-friendly.
      993 Prospector Drive unit: 993, Apache Junction, AZ 85119
      View Details
    • $104,900

      Land with Mountain Views

      Land in a 55+ resort with mountain views.
      365 S GYPSUM Drive unit: 365, Apache Junction, AZ 85119
      View Details
    • $127,500

      North Facing Gem in Arizona

      1 bed, 1 bath home near clubhouse with mountain views.
      232 Aquamarine Drive unit: 232, Apache Junction, AZ 85119
      View Details
    • $600,000
      2,800 SF

      Apache Junction Industrial Space Available

      Freestanding building with retail frontage and gated yard.
      306 S Ironwood Dr, Apache Junction, AZ 85120
      View Details
    • $625,000

      Apache Junction Multifamily Investment Opportunity

      Multifamily property with long-term tenants and refreshed unit.
      111 S OUTPOST Road, Apache Junction, AZ 85119
      View Details
    • $119,000

      Golden Vista 55+ Community Home

      Furnished home in a vibrant 55+ community.
      632 HAWKS EYE Drive unit: 632, Apache Junction, AZ 85119
      View Details
    • $1,350,000

      Multifamily Investment Opportunity in Apache Junction

      Eight single-family residences on three lots, generating current income.
      268 N OCOTILLO Drive, Apache Junction, AZ 85120
      View Details
    • $199,900

      Furnished Home in Golden Vista

      Move-in ready home with amenities in a desirable community.
      721 Emerald Drive unit: 721, Apache Junction, AZ 85119
      View Details
    • $1,100,000
      7,000 SF

      Versatile Commercial Property with Bay Doors

      7,000 SF commercial building with bay doors and additional lot.
      1544 E 18TH Avenue, Apache Junction, AZ 85119
      View Details
    • $1,500,000

      Apache Junction Industrial Development Opportunity

      Shovel-ready industrial condos and retail space in Apache Junction, AZ.
      1955 E OLD W Highway unit: 2, Apache Junction, AZ 85119
      View Details
    • $122,900

      Land Included in 55+ Community

      Well-maintained home in a vibrant 55+ community with resort-style amenities.
      785 Cinnabar Drive unit: 785, Apache Junction, AZ 85119
      View Details

    FAQs

    What type of property is this?
    Duplex - Two remodeled homes on one lot, ideal for multi-generational living.
    Where is this duplex located?
    The property is located at 135 S REX Avenue Apache Junction, AZ.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Two fully remodeled homes on one oversized lot, ideal for multi‑generational living or rental income.; Main home (Unit A): **1,125 sq ft, 3 bedrooms, 1 bathroom, plus dedicated office space.**; Second home (Unit B): 750 sq ft, 2 bedrooms, 1 bathroom, and an office.
    (480) 703-9035
    We can help!
    Listing Contact
    Angela Larson
    Angela Larson
    Real Estate License ID: SA524620000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!