Two-Level Residential Income
For Sale
$305,000
14145 N 92nd Street Unit 2022, Scottsdale, AZ 85260
Updated condominium with vaulted ceilings, in-unit laundry, and access to pools, a clubhouse, and workout facilities.
Property Size1,034 SF
Days on Market25
Property Features for 14145 N 92nd Street Unit 2022
General Information
Standard status
Active
Size
1,034 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,342
Amenities
2 pools
clubhouse
workout facility
Building Details
Building Size
1,034 SF
Year Built
1988
Listing Agency:
Compass
(602) 571-8110
Listed By:
Annie Cole · License #SA531848000
(602) 571-8110
Source:
Alexiabertsatos
Added: Jul 29
Changed: Aug 13
Last Checked: Aug 21 at 11:03AM
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 Compass
Investment Insights
Based on property information with market context.
This two-level condominium at Allison Condominiums includes 2 bedrooms and 2 bathrooms, with one bedroom positioned on each interior level. Vaulted ceilings bring natural light into the unit, while the interior includes granite countertops, 42' cabinets, laminate flooring, fresh paint, new carpet, and stainless steel appliances. A full-size washer and dryer are located inside the residence, and the HVAC system was replaced in 2020.
The property is in Scottsdale near shopping, dining, schools, golf, and hiking and biking trails. Community amenities include 2 pools, a clubhouse, and a workout facility. The condominium was built in 1988.
The property is in Scottsdale near shopping, dining, schools, golf, and hiking and biking trails. Community amenities include 2 pools, a clubhouse, and a workout facility. The condominium was built in 1988.
Key Highlights
- 2‑bedroom, 2‑bath condominium with 2 interior levels
- One bedroom located on each floor
- Vaulted ceilings, granite countertops, 42' cabinets, and stainless steel appliances
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
$11,964
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
3.92%
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%
$239,280
$239.3K
Cap Rate 7%
$170,914
$170.9K
Cap Rate 9%
$132,933
$132.9K
Market Conditions
NOI Build-Up for 1,034 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
$22.7K $21.96/SF
− Vacancy
−$954 −$0.92/SF
EGI
$21.8K $21.04/SF
− OpEx
−$9.8K −$9.47/SF
NOI
$12.0K $11.57/SF
Area
Scottsdale, AZ
Vacancy
4.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
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%
$239,280
Cap Rate 7%
$170,914
Cap Rate 9%
$132,933
Alternative Uses
Best Use
Apartment 5plus
$170.9K
$149.6K – $199.4K
NOI $11,964 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$339.4K
$297.0K – $396.0K
NOI $23,760 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,842
Businesses Nearby
Explore this area
Business Placement
Demographics for 85260, AZ
37,967
Population
21,072
Households
1.8
Avg Household Size
47
Median Age
59%
College-Educated
97%
High-School Grad
14.2 sq mi
ZIP Area
2,674
Density / Sq Mi
$103,854
Median Household Income
$62,835
Median Earnings
$1,969
Median Rent
$637,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium with vaulted ceilings, in-unit laundry, and access to pools, a clubhouse, and workout facilities.
Where is this residential income property located?
The property is located at 14145 N 92nd Street Unit 2022 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath condominium with 2 interior levels; One bedroom located on each floor; Vaulted ceilings, granite countertops, 42' cabinets, and stainless steel appliances
