Residential Income Property with Outdoor
15550 S 5th Avenue 141, Phoenix, AZ 85045
For Sale
$449,999
Open living, kitchen, and dining areas connect with a private outdoor area.
Property Size1,642 SF
Price / SF$274.06
Days on Market99
Property Features for 15550 S 5th Avenue 141
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
My Home Group Real Estate
Listed By:
Kyle Zwart
(408) 317-8354
Source:
Goddeshomes
Added: Aug 3
Changed: Nov 7
Last Checked: Nov 8 at 8:34PM
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 My Home Group Real Estate
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Investment Insights
Based on property information with market context.
Built in 2019, this 1,642-square-foot residential income property has an open arrangement linking its living room, kitchen, and dining area. Natural light enters the shared space, and the home includes multiple bedrooms and a private outdoor area.
The property is in South Phoenix, with shopping, dining, schools, parks, and major freeways accessible from the community.
The property is in South Phoenix, with shopping, dining, schools, parks, and major freeways accessible from the community.
Key Highlights
- 1,642‑square‑foot residential income property
- Built in 2019
- Open layout connecting living, kitchen, and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,151
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,020
$383.0K
Cap Rate 7%
$273,586
$273.6K
Cap Rate 9%
$212,789
$212.8K
Market Conditions
NOI Build-Up for 1,642 SF
Gross rent
$37.0K $22.56/SF
− Vacancy
−$2.2K −$1.35/SF
EGI
$34.8K $21.21/SF
− OpEx
−$15.7K −$9.54/SF
NOI
$19.2K $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%
$383,020
Cap Rate 7%
$273,586
Cap Rate 9%
$212,789
Alternative Uses
Best Use
Apartment 5plus
$273.6K
$239.4K – $319.2K
NOI $19,151 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.4K
$435.2K – $580.3K
NOI $34,816 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Explore this area
Business Placement
Demographics for 85045, AZ
8,090
Population
2,954
Households
2.7
Avg Household Size
43
Median Age
64%
College-Educated
99%
High-School Grad
4.0 sq mi
ZIP Area
2,023
Density / Sq Mi
$154,300
Median Household Income
$80,035
Median Earnings
$2,441
Median Rent
$590,600
Median Home Value
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Market
Properties on Market for Residential income properties in Phoenix
Frequently Asked Questions
What type of property is this?
Residential income property - Open living, kitchen, and dining areas connect with a private outdoor area.
Where is this residential income property located?
The property is located at 15550 S 5th Avenue 141 Phoenix, AZ.
What is the asking price?
The asking price for this property is $449,999.
What are key features of this property?
This property features: 1,642‑square‑foot residential income property; Built in 2019; Open layout connecting living, kitchen, and dining areas
