Condominium with
For Sale
$439,900
16 W ENCANTO Boulevard 312, Phoenix, AZ 85003
Recent interior finishes include fresh paint, luxury vinyl plank flooring, and replacement baseboards.
Property Size1,716 SF
Price / SF$256.35
Days on Market466
Property Features for 16 W ENCANTO Boulevard 312
General Information
Standard status
Active
Size
1,716 SF
Property subtype
Apartment
Site & Location
Neighborhood
Encanto
Public Transit
Yes
Units
Unit Mix
1 x 2BR+Den/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,925
Building Details
Building Size
1,716 SF
Year Built
2007
Listing Agency:
HomeSmart
Listed By:
Noah Rodriguez
(602) 363-8131
Source:
Inspiredrealestatelife
Added: Jul 25, 2025
Changed: Oct 30
Last Checked: Oct 29 at 11:19PM
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
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Investment Insights
Based on property information with market context.
This 1,716-square-foot condominium on the third floor has two bedrooms, a den with a closet, and two bathrooms. Its split-bedroom arrangement and open living area include a fireplace. The kitchen features granite counters and ample cabinetry. Recent interior work includes new paint, luxury vinyl plank flooring, and updated baseboards. Downtown Phoenix views are also noted from the unit.
Tapestry on Central is in Midtown Phoenix, with the light rail, dining destinations, and cultural attractions described as steps away. Downtown Phoenix is a 5–10 minute drive. Planned community improvements include new elevator installations.
Tapestry on Central is in Midtown Phoenix, with the light rail, dining destinations, and cultural attractions described as steps away. Downtown Phoenix is a 5–10 minute drive. Planned community improvements include new elevator installations.
Key Highlights
- 1,716‑square‑foot, third‑floor condominium
- Two bedrooms, a den with closet, and two bathrooms
- Split floor plan and open‑concept living area with fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,015
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,300
$400.3K
Cap Rate 7%
$285,929
$285.9K
Cap Rate 9%
$222,389
$222.4K
Market Conditions
NOI Build-Up for 1,716 SF
Gross rent
$38.7K $22.56/SF
− Vacancy
−$2.3K −$1.35/SF
EGI
$36.4K $21.21/SF
− OpEx
−$16.4K −$9.54/SF
NOI
$20.0K $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%
$400,300
Cap Rate 7%
$285,929
Cap Rate 9%
$222,389
Alternative Uses
Best Use
Apartment 5plus
$285.9K
$250.2K – $333.6K
NOI $20,015 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$519.8K
$454.8K – $606.4K
NOI $36,385 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,589
Businesses Nearby
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Business Placement
Demographics for 85003, AZ
11,042
Population
6,117
Households
1.8
Avg Household Size
37
Median Age
45%
College-Educated
87%
High-School Grad
1.9 sq mi
ZIP Area
5,812
Density / Sq Mi
$56,672
Median Household Income
$55,122
Median Earnings
$1,258
Median Rent
$577,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Recent interior finishes include fresh paint, luxury vinyl plank flooring, and replacement baseboards.
Where is this residential income property located?
The property is located at 16 W ENCANTO Boulevard 312 Phoenix, AZ.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: 1,716‑square‑foot, third‑floor condominium; Two bedrooms, a den with closet, and two bathrooms; Split floor plan and open‑concept living area with fireplace
