Single-Level Residential
New
For Sale
$318,000
101 N 7th Street #160, Phoenix, AZ 85034
Two bedrooms, two bathrooms, and a kitchen with a breakfast counter and adjacent dining area.
Property Size1,076 SF
Price / SF$295.54
Days on Market4
Property Features for 101 N 7th Street #160
General Information
Standard status
Active
Size
1,076 SF
Property subtype
Apartment
Site & Location
Neighborhood
Central City
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,522
Amenities
3/4 Bath Master Bdrm
Building Details
Building Size
1,076 SF
Year Built
1986
Stories
1
Listing Agency:
Opendoor Brokerage, LLC
(480) 462-5392
Listed By:
Tara Jones · License #S.0190791
(480) 568-2791
Source:
Azhomeseekers
Added: Oct 22
Last Checked: Oct 23 at 9:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Opendoor Brokerage, LLC
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Investment Insights
Based on property information with market context.
This single-level residential property has two bedrooms and two bathrooms. The kitchen includes a refrigerator, range, microwave, and dishwasher, with a breakfast counter opening toward the living room. An adjacent dining area and laundry closet complete the layout. The primary bedroom has a walk-in closet and an adjoining bathroom with an enclosed shower; the second bathroom has a tub-shower combination.
Exterior doors provide access to the surrounding courtyard setting. The building was constructed in 1986.
Exterior doors provide access to the surrounding courtyard setting. The building was constructed in 1986.
Key Highlights
- Two bedrooms and two bathrooms
- Kitchen includes a refrigerator, range, microwave, and dishwasher
- Primary bedroom features a walk‑in closet and adjoining bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,550
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,000
$251.0K
Cap Rate 7%
$179,286
$179.3K
Cap Rate 9%
$139,444
$139.4K
Market Conditions
NOI Build-Up for 1,076 SF
Gross rent
$24.3K $22.56/SF
− Vacancy
−$1.5K −$1.35/SF
EGI
$22.8K $21.21/SF
− OpEx
−$10.3K −$9.54/SF
NOI
$12.5K $11.66/SF
Area
Phoenix, AZ
Vacancy
6.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,000
Cap Rate 7%
$179,286
Cap Rate 9%
$139,444
Alternative Uses
Best Use
Apartment 5plus
$179.3K
$156.9K – $209.2K
NOI $12,550 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$325.9K
$285.2K – $380.3K
NOI $22,815 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,041
Businesses Nearby
Explore this area
Business Placement
Demographics for 85034, AZ
5,033
Population
2,901
Households
1.7
Avg Household Size
32
Median Age
32%
College-Educated
81%
High-School Grad
11.6 sq mi
ZIP Area
434
Density / Sq Mi
$53,545
Median Household Income
$43,236
Median Earnings
$1,205
Median Rent
$397,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two bedrooms, two bathrooms, and a kitchen with a breakfast counter and adjacent dining area.
Where is this residential income property located?
The property is located at 101 N 7th Street #160 Phoenix, AZ.
What is the asking price?
The asking price for this property is $318,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; Kitchen includes a refrigerator, range, microwave, and dishwasher; Primary bedroom features a walk‑in closet and adjoining bathroom
