Well-Maintained 4-Plex on Corner
For Sale
$599,000
126 Plateau Ct, Page, AZ 86040
MULTI_FAMILY - Page, AZ
Property Size2,928 SF
Lot Size0.21 Acres
Price / SF$204.58
Days on Market196
Property Features for 126 Plateau Ct
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 4, Bedroom 5, Bedroom 1, Bedroom 8, Bedroom 2, Bedroom 4, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Interior features
Flooring- Carpet, Flooring- Laminate
Appliances
Dishwasher, Garbage Disposal, Refrigerator, W/D Hookups, Oven/Range
Subdivision
Lakeview Terrace
Lot features
Cul-de-sac, Storage Shed, Patio- Covered
Standard status
Active
APN
800-62-001
Size
2,928 SF
Lot size
0.21 Acres
Utilities
Heating system
Baseboard
Cooling system
Window Unit(s)
Building Details
Year built
1984
Floors in Building
2
Number of units
4
Roof type
Shingle
Architectural style
Other
Listing Agency:
Prince Realty
(928) 645-3707
Listed By:
Stacy Prince · License #BR045230000
(928) 645-3707
Added: Feb 6
Changed: Aug 2
Last Checked: Aug 21 at 9:06PM
MLS# 1606416
Copyright © 2026 Page Lake Powell MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained 4-plex includes four residential units, each configured with 2 bedrooms and 1 bath. Kitchens are equipped with an electric stove, refrigerator, and dishwasher, along with a separate laundry room area. The units also feature built-in storage, supporting an organized, functional living layout.
The property sits on a corner lot, which can provide added visibility and straightforward site access for tenants and guests. It is classified under multi-family zoning, aligning with its existing 4-plex use.
For buyers seeking a small multi-family asset, this property offers a consistent unit mix across all four homes, which can simplify leasing and property management. With in-unit kitchen appliances and dedicated laundry room space already in place, the units are set up for practical day-to-day living. The combination of a corner-lot location and a maintained structure supports its continued use as a residential income property.
The property sits on a corner lot, which can provide added visibility and straightforward site access for tenants and guests. It is classified under multi-family zoning, aligning with its existing 4-plex use.
For buyers seeking a small multi-family asset, this property offers a consistent unit mix across all four homes, which can simplify leasing and property management. With in-unit kitchen appliances and dedicated laundry room space already in place, the units are set up for practical day-to-day living. The combination of a corner-lot location and a maintained structure supports its continued use as a residential income property.
Key Highlights
- 4‑plex built in 1984 on a corner lot
- Each unit offers 2 bedrooms and 1 bath
- Kitchens include an electric stove, refrigerator, and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,729
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$534,580
$534.6K
Cap Rate 7%
$381,843
$381.8K
Cap Rate 9%
$296,989
$297.0K
Market Conditions
NOI Build-Up for 2,928 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.4K $13.80/SF
− Vacancy
−$2.2K −$0.76/SF
EGI
$38.2K $13.04/SF
− OpEx
−$11.5K −$3.91/SF
NOI
$26.7K $9.13/SF
Area
Coconino County, AZ
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$534,580
Cap Rate 7%
$381,843
Cap Rate 9%
$296,989
Alternative Uses
Best Use
Multifamily LT 5
$381.8K
$334.1K – $445.5K
NOI $26,729 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$354.1K
$309.8K – $413.1K
NOI $24,784 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$809.5K
$708.3K – $944.4K
NOI $56,663 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Explore this area
Business Placement
Demographics for 86040, AZ
10,179
Population
4,801
Households
2.1
Avg Household Size
34
Median Age
24%
College-Educated
90%
High-School Grad
887.9 sq mi
ZIP Area
11
Density / Sq Mi
$82,544
Median Household Income
$47,070
Median Earnings
$1,009
Median Rent
$124,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units each offer 2 bedrooms and 1 bath with in-unit kitchen appliances and separate laundry space.
Where is this quadplex located?
The property is located at 126 Plateau Ct Page, AZ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 4‑plex built in 1984 on a corner lot; Each unit offers 2 bedrooms and 1 bath; Kitchens include an electric stove, refrigerator, and dishwasher
