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

    7508 W Orangewood Ave Glendale, AZ 85303

    View on Map
    Sponsored
    For Sale
    Under Contract
    $1,150,000

    MULTI_FAMILY - Glendale, AZ

    Days on Market:
    10
    Last Refresh:
    Mar 22 at 6:06 pm

    Property Features for 7508 W Orangewood Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    R-6
    Rooms
    Bathroom 3, Bedroom 4, Bathroom 5, Bedroom 1, Bathroom 6, Bedroom 7, Bedroom 6, Bathroom 2, Bedroom 2, Bathroom 7, Bathroom 4, Bathroom 1, Bedroom 3, Bedroom 5
    Bedrooms
    7
    APN
    142-24-002-B
    Appliances
    Free-Standing Range, Dishwasher, Refrigerator, Free-Standing Electric Oven

    Utilities

    Heating system
    Central, Other (Heating)
    Cooling system
    Central Air, Electric, Ceiling Fan(s)

    Building Details

    Year built
    1955
    Number of units
    7
    Flooring type
    Tile
    Building materials
    Vinyl Siding, Board & Batten Siding, Wood Frame, Block
    Roof type
    Composition

    We can help!

    Listing Contact
    Isaac Abedu Kennedy

    R&S Premier Homes

    Listing agent Isaac Abedu Kennedy

    Listing date Mar 13, 2026

    MLS# 6948581 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

    Overview

    Glendale Multifamily Investment Opportunity

    This is a seven-unit, income-producing multi-family property situated on a corner lot in a Glendale neighborhood. The property has no HOA. It features seven efficiency units, including two recently renovated units. All units are fully occupied, providing immediate cash flow. The expansive lot offers redevelopment potential, with possibilities for additional units or future commercial use. The property is located minutes from the Glendale Sports & Entertainment District, home to the Arizona Cardinals, the multi-billion-dollar VAI Resort, and additional developments. The zoning is R-6. Buyer to verify all zoning and uses with Maricopa County.
    Location Intelligence

    Current Use by Public Records

    Ixmitacos Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.220805
    Latitude
    33.545659

    Nearby Similar for Sale

    • $615,000

      Glendale Multifamily Property For Sale

      Multifamily property in Glendale with value-add potential.
      7143 N 66Th Dr, Glendale, AZ 85301
      View Details
    • $475,000

      Glendale Multifamily Investment Opportunity

      Five-unit multifamily property in Glendale, Arizona, with renovation potential.
      7025 N 66Th Dr, Glendale, AZ 85301
      View Details
    • $660,000

      Glendale Fourplex: Income Opportunity

      Fully occupied Glendale fourplex with consistent rental income.
      7114 N 66Th Dr, Glendale, AZ 85301
      View Details
    • $588,000
      Pending

      Medical Office Space For Sale

      Medical office suite for sale near Banner Thunderbird Medical Center.
      5620 W Thunderbird Rd, Glendale, AZ 85306
      View Details
    • $1,750,000
      6,936 SF

      Remodeled Industrial Office Warehouse

      Remodeled industrial property with secure yard in Glendale Industrial Park.
      7809 N 68Th Ave, Glendale, AZ 85303
      View Details
    • $1,100,000

      Glendale Multifamily Investment Opportunity

      Well-kept 8-unit property near downtown Glendale.
      6306 W Maryland Ave, Glendale, AZ 85301
      View Details
    • $2,600,000
      11,367 SF

      Glendale Restaurant with Liquor License

      Turn-key restaurant in Downtown Glendale with FF&E and license.
      5912 W Glendale Ave, Glendale, AZ 85301
      View Details
    • Contact for pricing

      Freestanding Restaurant Near Arrowhead Center

      Freestanding restaurant outparcel near Arrowhead Towne Center, Glendale, Arizona.
      7704 W Bell Rd, Glendale, AZ 85308
      View Details
    • $2,805,000
      6,600 SF

      Glendale Office Building For Sale

      6,600 SF office building in Glendale, Arizona.
      6677 W Thunderbird Rd, Glendale, AZ 85306
      View Details
    • Contact for pricing

      Retail Strip Center For Sale

      21,331 SF retail strip center for sale.
      6445 N 51St Ave, Glendale, AZ 85301
      View Details
    • $2,000,000

      Freestanding Glendale Building with Drive-Thru

      Freestanding building with drive-thru available for sale in Glendale.
      6800 West Bell Rd, Glendale, AZ 85308
      View Details

    FAQs

    What type of property is this?
    Apartment building - Seven-unit multifamily property in Glendale, Arizona with redevelopment potential.
    Where is this apartment building located?
    The property is located at 7508 W Orangewood Ave Glendale, AZ.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Prime corner lot location in a quiet Glendale neighborhood.; - Income-producing 7-unit multi-family property with all units currently occupied.; - Exceptional redevelopment potential for additional units or future commercial use.
    (480) 274-4321
    Request Owner's contact information
    7508 W Orangewood Ave Glendale, AZ 85303
    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.
    7508 W Orangewood Ave
    Glendale, AZ 85303
    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
    7508 W Orangewood Ave Glendale, AZ 85303
    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

    We can help!
    Listing Contact
    Isaac Abedu Kennedy
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!