First-Floor Residential
102 W MARYLAND Avenue C1, Phoenix, AZ 85013
For Sale
$245,000
The two-bedroom, two-bath home includes in-unit laundry and access to a community pool.
Property Size1,178 SF
Price / SF$207.98
Days on Market75
Property Features for 102 W MARYLAND Avenue C1
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pool
in-unit laundry
Building Details
Building Size
Year Built
Construction
Listing Agency:
The Brokery
Listed By:
Eric Z Horn
(480) 601-2342
Source:
Bvoluxury
Added: Aug 27
Changed: Nov 7
Last Checked: Nov 8 at 4:04PM
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 The Brokery
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Investment Insights
Based on property information with market context.
This 1,178-square-foot residence was built in 1959 and has two bedrooms and two bathrooms. Its first-floor position provides stair-free entry. Interior features include an open floor plan, in-unit laundry, updated bedroom flooring, and a newer air-conditioning unit. The living room, kitchen, and bathrooms have fresh paint, and the washer and dryer were replaced within the past year. Residents also have access to a community pool.
Community improvements include a replacement main water heater and roof in 2022, followed by repaving of the drive and parking lot in 2025. Landscaping work is identified for 2026, with building painting and pool and deck renovations scheduled for 2026 and 2027, respectively.
Community improvements include a replacement main water heater and roof in 2022, followed by repaving of the drive and parking lot in 2025. Landscaping work is identified for 2026, with building painting and pool and deck renovations scheduled for 2026 and 2027, respectively.
Key Highlights
- 1,178‑square‑foot residence with two bedrooms and two bathrooms
- First‑floor home with stair‑free entry
- In‑unit laundry; washer and dryer replaced within the past year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,740
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,800
$274.8K
Cap Rate 7%
$196,286
$196.3K
Cap Rate 9%
$152,667
$152.7K
Market Conditions
NOI Build-Up for 1,178 SF
Gross rent
$26.6K $22.56/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$25.0K $21.21/SF
− OpEx
−$11.2K −$9.54/SF
NOI
$13.7K $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%
$274,800
Cap Rate 7%
$196,286
Cap Rate 9%
$152,667
Alternative Uses
Best Use
Apartment 5plus
$196.3K
$171.8K – $229.0K
NOI $13,740 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$356.8K
$312.2K – $416.3K
NOI $24,978 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
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Business Placement
Demographics for 85013, AZ
21,970
Population
11,618
Households
1.9
Avg Household Size
38
Median Age
47%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
5,938
Density / Sq Mi
$68,895
Median Household Income
$53,067
Median Earnings
$1,435
Median Rent
$476,200
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bath home includes in-unit laundry and access to a community pool.
Where is this residential income property located?
The property is located at 102 W MARYLAND Avenue C1 Phoenix, AZ.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 1,178‑square‑foot residence with two bedrooms and two bathrooms; First‑floor home with stair‑free entry; In‑unit laundry; washer and dryer replaced within the past year
