Four-Unit Duplex
For Sale
$1,050,000
1228 E Mountain View Rd E #1-4, Phoenix, AZ 85020
Two duplex buildings provide four three-bedroom units with individual laundry rooms, full baths, and dedicated parking.
Property Size3,320 SF
Price / SF$316.27
Days on Market50
Property Features for 1228 E Mountain View Rd E #1-4
General Information
Standard status
Active
Size
3,320 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
North Mountain
Units
Unit Mix
4 x 3BR/1BA
Multifamily Units
4
Parking per Unit
2
Amenities
laundry room
Building Details
Year Built
2002
Buildings
2
Listing Agency:
Homesmart
(602) 230-7600
Listed By:
arrt of Real Estate / Amelia Goudeau
(602) 460-5545
Source:
Arrtofrealestate
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 24 at 4:57PM
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 Homesmart
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property includes two duplex buildings constructed in 2002, totaling 3,320 square feet across four units. Each residence has three bedrooms, a small laundry room, and a full bathroom. The property provides two parking spaces per unit.
Recent improvements include replacement of all AC units this year, replacement of all hot water heaters within the last 3 to 4 years, and painting of the complex this year. Three of the four tenants have occupied their units for periods ranging from 2 to 8 years. The property is located at 1228 E Mountain View Rd E in Phoenix, Arizona.
Recent improvements include replacement of all AC units this year, replacement of all hot water heaters within the last 3 to 4 years, and painting of the complex this year. Three of the four tenants have occupied their units for periods ranging from 2 to 8 years. The property is located at 1228 E Mountain View Rd E in Phoenix, Arizona.
Key Highlights
- Two duplex buildings with four total units
- Each unit includes 3 bedrooms, a small laundry room, and a full bath
- 3,320 square feet built in 2002
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,484
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,680
$869.7K
Cap Rate 7%
$621,200
$621.2K
Cap Rate 9%
$483,156
$483.2K
Market Conditions
NOI Build-Up for 3,320 SF
Gross rent
$65.7K $19.80/SF
− Vacancy
−$3.6K −$1.09/SF
EGI
$62.1K $18.71/SF
− OpEx
−$18.6K −$5.61/SF
NOI
$43.5K $13.10/SF
Area
Phoenix, AZ
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,680
Cap Rate 7%
$621,200
Cap Rate 9%
$483,156
Alternative Uses
Best Use
Multifamily LT 5
$621.2K
$543.6K – $724.7K
NOI $43,484 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$553.2K
$484.0K – $645.4K
NOI $38,723 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$1.01M
$880.0K – $1.17M
NOI $70,396 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
848
Businesses Nearby
Explore this area
Business Placement
Demographics for 85020, AZ
34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two duplex buildings provide four three-bedroom units with individual laundry rooms, full baths, and dedicated parking.
Where is this duplex located?
The property is located at 1228 E Mountain View Rd E #1-4 Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two duplex buildings with four total units; Each unit includes 3 bedrooms, a small laundry room, and a full bath; 3,320 square feet built in 2002
