Four-Unit Quadplex
For Sale
$1,050,000
1228 E MOUNTAIN VIEW Road E 1-4, Phoenix, AZ 85020
Two duplex buildings feature consistent three-bedroom layouts, private laundry rooms, and full bathrooms in every residence.
Property Size3,320 SF
Days on Market51
Property Features for 1228 E MOUNTAIN VIEW Road E 1-4
General Information
Standard status
Active
Size
3,320 SF
Property subtype
Apartment
Site & Location
Neighborhood
North Mountain
Taxes and HOA fees
Annual Taxes
$1,469
Building Details
Building Size
3,320 SF
Year Built
2002
Listing Agency:
Eco-Realty
Listed By:
Richard Scott
(480) 363-3537
Source:
Alexiabertsatos
Added: Sep 5
Changed: Oct 24
Last Checked: Oct 24 at 9:50PM
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 Eco-Realty
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Investment Insights
Based on property information with market context.
This four-unit multifamily property comprises two duplex buildings completed in 2002. Each residence includes three bedrooms, a full bathroom, and a dedicated small laundry room. The layout provides two parking spaces per unit, supporting a total of eight on-site parking spaces.
Recent property improvements include replacement of all AC units this year, replacement of all hot water heaters within the last 3 to 4 years, and exterior painting completed this year. Three of the four tenants have remained in place for periods ranging from 2 to 8 years.
Recent property improvements include replacement of all AC units this year, replacement of all hot water heaters within the last 3 to 4 years, and exterior painting completed this year. Three of the four tenants have remained in place for periods ranging from 2 to 8 years.
Key Highlights
- Four units arranged across two duplex buildings
- Built in 2002 with three bedrooms in every unit
- Each residence includes a small laundry room and full bath
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.
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two duplex buildings feature consistent three-bedroom layouts, private laundry rooms, and full bathrooms in every residence.
Where is this quadplex located?
The property is located at 1228 E MOUNTAIN VIEW Road 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: Four units arranged across two duplex buildings; Built in 2002 with three bedrooms in every unit; Each residence includes a small laundry room and full bath
