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    615 Jordan Rd Sedona, AZ 86336

    View on Map
    Sponsored
    For Sale
    $2,250,000

    MULTI_FAMILY - Sedona, AZ

    Lot size:
    0.50 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 14 at 3:06 am

    Property Features for 615 Jordan Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM2
    Rooms
    Bathroom 1, Bedroom 2, Bathroom 4, Bedroom 1, Bedroom 5, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 6, Bedroom 7
    Bedrooms
    7
    APN
    401-03-003
    Parking features
    Off Street, Carport
    Appliances
    Dishwasher, Refrigerator, Built-In Electric Oven, Washer/Dryer
    Lot size
    0.50 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Zoned, Forced Air
    Cooling system
    Central Air, Ceiling Fan(s), Multi Units
    Water source
    Private

    Building Details

    Year built
    1980
    Number of units
    4
    Flooring type
    Tile, Carpet, Vinyl
    Building materials
    Wood Frame, Painted, Stucco, Block
    Roof type
    Composition

    We can help!

    Listing Contact
    Martin de Bokay
    Martin de Bokay

    Realty ONE Group Mountain Desert (928) 680-7350

    Listing agent Martin de Bokay (928) 274-5544

    Listing date Mar 13, 2026

    MLS# 6997646 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.

    Learn more

    Property Insight Report

    Overview

    Sedona Fourplex with Expansion Potential

    Located in the heart of Uptown Sedona, this fourplex is an active, renovated, furnished, and turnkey short-term rental property. The building, while constructed in the 1980s, has been well-maintained with successive owners prioritizing upkeep. HVAC systems were upgraded in 2025 for all four units, and the roof is only a few years old. All units undergo weekly deep cleans during guest turnovers. The property features three 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. Situated on a plot of land over half an acre, the current zoning allows for the addition of two more units, potentially scaling the property to a commercial size and valuation. Short-term rental revenue totals and projections exceed $220,000 per year with the current four units. There is potential to build two new units on top of the carports to maximize Uptown red rock views and marketability. Units could be split into condos to ensure short-term rental capability for every unit individually, with projections over $350,000 per year in this scenario. An existing development bid at around $300 per square foot is available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Building Supply Nail Salon Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sedona
    County
    Coconino
    State
    Arizona
    Longitude
    -111.761429
    Latitude
    34.876437

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    FAQs

    What type of property is this?
    Quadplex - Turnkey Uptown Sedona fourplex with short-term rental income and expansion.
    Where is this quadplex located?
    The property is located at 615 Jordan Rd Sedona, AZ.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Turnkey, high-performing Airbnb fourplex in the heart of Uptown Sedona.; - Potential to add two more units due to zoning, allowing for expansion and increased revenue.; - Proven short-term rental income of over $220,000 per year with current units.
    (928) 274-5544
    Request Owner's contact information
    615 Jordan Rd Sedona, AZ 86336
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    Sedona, AZ 86336
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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
    615 Jordan Rd Sedona, AZ 86336
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    We can help!
    Listing Contact
    Martin de Bokay
    Martin de Bokay
    Real Estate License ID: SA702754000
    (928) 274-5544 (928) 862-4035 (310) 913-7706
    Learn more
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