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    Downtown Phoenix Triplex Opportunity Zone Title is generated by Realmo AI

    410 W Hadley Street, Phoenix, AZ 85003

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    Claim this Listing
    Pending
    $889,900

    MULTI_FAMILY - Phoenix, AZ

    Property size:
    3,417 SF
    Added:
    Mar 28, 2026
    Days on Market:
    48
    Last Refresh:
    May 14 at 3:06 pm

    Property Features for 410 W Hadley Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Zoning
    R-4
    Bedrooms
    6
    Rooms
    Bathroom 5, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 6, Bedroom 2, Bathroom 3, Bathroom 4
    Parking features
    Assigned, Off Street, Garage - Attached, Open
    Security features
    Security Lighting
    Exterior features
    Sidewalk(s)
    Appliances
    Disposal, Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer, W/D Hookup
    Standard status
    Pending
    APN
    112-17-019
    Size
    3,417 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    MONTGOMERY LOTS 13 & 14 BLK 24
    Tax Annual Amount
    758

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Central, Forced Air, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Electric, Heat Pump, Central Air, Multi Units

    Building Details

    Year built
    2026
    Number of units
    3
    Flooring type
    Vinyl
    Building materials
    Wood Frame, Stucco
    Roof type
    Composition

    We can help!

    Listing Contact
    Keith Grayson

    Listing agent Keith Grayson

    Listing office Grayson Real Estate 8025 N 12th St, Phoenix, AZ

    Listing date Mar 28, 2026

    MLS# 7005611 Listing URL

    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.

    HighLights

    • New construction in Downtown Phoenix featuring 3 units, perfect for immediate rental income.
    • Located in an Opportunity Zone, offering potential tax benefits.
    • Appraisal at $910,000 with market rents generating $73,440 gross annual income.
    • Each unit includes 2 bedrooms, 2 bathrooms, and a single‑car garage.
    • Modern interior finishes with stainless steel GE appliances, quartz counters, and LVP flooring.
    • Individually metered electric for each unit.

    Overview

    This new development in Downtown Phoenix features a triplex with 3 units, each spanning 1,139 square feet, totaling 3,417 square feet. Each unit includes 2 bedrooms, 2 bathrooms, and a single-car garage. The property is located in an Opportunity Zone. The exterior finish consists of synthetic stucco, balconies, and covered porches. Each unit is individually metered for electric. Interior features include stainless steel GE appliances, a washer and dryer, quartz counters, shaker cabinets with gold hardware, LVP and tile flooring throughout, energy-efficient windows, and LED lighting. The property is located just South of Chase Field and includes recently installed landscaping valued at $10,000. Market rents are $1,995 per month with $45 per month in RUBS, totaling $73,440 per year gross. Tenants are responsible for paying their electric bills. A Certificate of Occupancy is in progress. The zoning is R-4.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Spa & Massage Center Dental Office Hair Salon Restaurant Nail Salon Daycare Center Accounting Firm Skin Care Clinic Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.07974
    Latitude
    33.439244

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    FAQs

    What type of property is this?
    Triplex - New development triplex in Downtown Phoenix Opportunity Zone.
    Where is this triplex located?
    The property is located at 410 W Hadley Street Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $889,900.
    What are key features of this property?
    This property features: New construction in Downtown Phoenix featuring 3 units, perfect for immediate rental income.; Located in an Opportunity Zone, offering potential tax benefits.; Appraisal at $910,000 with market rents generating $73,440 gross annual income.
    (602) 418-0350
    We can help!
    Listing Contact
    Keith Grayson
    Learn More
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    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
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