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    6249 N LITCHFIELD Road Litchfield Park, AZ 85340

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    Claim this Listing
    New
    For Sale
    $795,000

    MULTI_FAMILY - Litchfield Park, AZ

    Added:
    Apr 20, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 26 at 8:06 pm

    Property Features for 6249 N LITCHFIELD Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    [M-H]
    Bedrooms
    4
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 4
    Parking features
    Off Street, On Street, Boat, RV
    Appliances
    Free-Standing Range
    Standard status
    Active
    APN
    501-13-091-D

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LUKE FIELD HOMES MCR 60-13 PT LT 211 & PT SW4 SEC 10 DAF COM AT SW COR SEC 10 TH N 1606.68F TH S 88D
    Tax Annual Amount
    1142

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air, Other (Heating), Electric (Heating)
    Cooling system
    Wall/Window Unit(s), Ceiling Fan(s), Wall Unit(s)
    Water source
    Private

    Building Details

    Year built
    1957
    Number of units
    4
    Flooring type
    Tile
    Building materials
    Wood Frame, Painted, Block
    Roof type
    Composition, Rolled Hot Mop

    We can help!

    Listing Contact
    Cecilia Mulroy
    Cecilia Mulroy

    Listing agent Cecilia Mulroy License #BR647070000

    Listing office My Home Group Real Estate 110 S Priest Drive Suite #101, Scottsdale, AZ

    Listing date Apr 20, 2026

    MLS# 7016981 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.

    Overview

    Turnkey Multi-Family Investment Opportunity

    This turnkey multi-family opportunity is located in a rapidly growing area of the West Valley. The property features a 4-plex and a duplex, offering immediate income with long-term upside. It is positioned directly across from the Tesla Collision Center and minutes from Luke Air Force Base. The property has the potential to generate $76,800+ in income. The single-story 4-plex has private entrances and sits on a large lot with ample off-street parking. An expansive rear common area includes utility access. The property features low-maintenance desert landscaping and solid block construction. Functional layouts offer upside through cosmetic upgrades. Below-market rents present an opportunity to increase income. There is space for improved tenant amenities such as outdoor seating and storage. The property is a strong candidate for long-term hold or portfolio expansion. The location offers direct frontage near Luke AFB, providing a stable tenant base. It has high visibility along Litchfield Road and is situated across from the Tesla Collision Center, driving employment-driven demand. The area is experiencing rapidly expanding commercial and industrial growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Litchfield Park
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.357817
    Latitude
    33.527009

    Nearby Similar for Sale

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      Turnkey Multi-Family Investment Opportunity

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      100,000 SF

      Warehouse with 40' Clear Height

      Warehouse featuring a 40' minimum clear height and 190' truck court.
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      838,824 SF

      Large Industrial Building with Expansion

      838,824 SF industrial building with ample parking and expansion.
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      Litchfield Park Industrial Live/Work Space

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      View Details

    FAQs

    What type of property is this?
    Quadplex - Six-unit portfolio near Tesla, Luke AFB with income potential.
    Where is this quadplex located?
    The property is located at 6249 N LITCHFIELD Road Litchfield Park, AZ.
    What is the asking price?
    The asking price for this property is $795,000.
    (602) 577-5797
    We can help!
    Listing Contact
    Cecilia Mulroy
    Cecilia Mulroy
    Real Estate License ID: BR647070000
    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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