Multi-Family Income Property in
423 ELM St, Page, AZ 86040
New
Multi Family, 2 story above ground, Triplex - Page, AZ
Type:Multi Family
Property size:
8,988 SFLot size:
0.21 AcresPrice / SF:
$100/SF- Added:
- May 23, 2026
- Days on Market:
- 4
- Last Refresh:
- May 26 at 5:06 pm
Property Features for 423 ELM St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Multi Family
- Zoning
- Multi-family
- Bedrooms
- 12
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Interior features
- Window Coverings, Flooring- Carpet, Flooring- Vinyl
- Exterior features
- Curb & Gutter
- Appliances
- Garbage Disposer, Range, Refrigerator
- Standard status
- Active
- APN
- 800-12-019
- Size
- 8,988 SF
- Lot size
- 0.21 Acres
Utilities
- Heating system
- Baseboard
- Cooling system
- Evaporative Cooling
Building Details
- Year built
- 1972
- Number of units
- 6
- Flooring type
- Carpet, Vinyl
- Building materials
- Brick
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Stacy Prince License #BR045230000 (928) 645-3707
Listing office Prince Realty P.O. Box 2330, Page, AZ (928) 645-3707
Listing date May 23, 2026
MLS# 1606480
Listing URL
Copyright © 2026 Page Lake Powell MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High income potential from a 4‑plex and separate duplex configuration.
- Total of 12 bedrooms and 6 full/6 half bathrooms.
- Remodeled units with new flooring and bathrooms.
- Newer roof (replaced a few years ago).
- All electric units with evaporative cooling.
- Separate parking areas for the 4‑plex and duplex.
Overview
This property features a fourplex at the front and a duplex at the rear. The units are two stories. Each unit has two bedrooms upstairs with a full bath. The downstairs area includes a living room, a dining/kitchen area, and a half bath. In total, there are 12 bedrooms, 6 full baths, and 6 half baths. Parking is available in the front for the fourplex and in the rear for the duplex. The property is all electric and uses evaporative cooling. The roof was replaced a few years ago. Most of the units have been remodeled with new flooring and bathrooms. All water heaters have been replaced. The property is located in Page, Arizona, within Coconino County, and sits on a 0.21-acre lot. The property size is 8988 square feet. This multi-family property is zoned for multi-family use and is suitable as a residential income property.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$845.3K
NOI $76,079 @ 9.00% cap · cautious / downside scenario
Moderate
$1.09M
NOI $76,079 @ 7.00% cap · market / base-case scenario
Aggressive
$1.52M
NOI $76,079 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $145.6k | $16.20 |
| − Vacancy | −$7.3k | −$0.81 |
| EGI | $138.3k | $15.39 |
| − OpEx | −$62.2k | −$6.93 |
| NOI | $76.1k | $8.46 |
8,988 SF · lease $16.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.09M
$951.0K – $1.27M
NOI $76,079 @ 7.0% cap · market cap 8.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.90M
NOI $173,938 @ 7.0% cap · market cap 19.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Page
- County
- Coconino
- State
- Arizona
- Longitude
- -111.4628408
- Latitude
- 36.9148057
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Two buildings with multiple units, remodeled with new flooring.
Where is this apartment building located?
The property is located at 423 ELM St Page, AZ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: High income potential from a 4‑plex and separate duplex configuration.; Total of 12 bedrooms and 6 full/6 half bathrooms.; Remodeled units with new flooring and bathrooms.
