Ground-Floor Residential
1650 N 87TH Terrace 25A, Scottsdale, AZ 85257
For Sale
$259,900
A two-bedroom, two-bath residence features ground-level access and updated kitchen and interior finishes.
Property Size925 SF
Price / SF$280.97
Days on Market385
Property Features for 1650 N 87TH Terrace 25A
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Caroline Auza Development
Listed By:
Spencer Davis
(480) 669-6898
Source:
Bvoluxury
Added: Oct 21, 2025
Changed: Nov 8
Last Checked: Nov 8 at 4:04PM
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 Caroline Auza Development
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Investment Insights
Based on property information with market context.
This 925-square-foot, ground-floor condo has two bedrooms and two bathrooms. The kitchen has updated cabinetry, stainless steel appliances, and a backsplash; other improvements include flooring, paint, bathroom vanities, and ceiling fans. The building dates to 1975, and the unit is accessed without stairs.
The property is in Scottsdale, near shopping, dining, and freeway access.
The property is in Scottsdale, near shopping, dining, and freeway access.
Key Highlights
- Ground‑floor condo with two bedrooms and two bathrooms
- 925 square feet with stair‑free access
- Updated kitchen with new cabinets, stainless steel appliances, and backsplash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,703
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,060
$214.1K
Cap Rate 7%
$152,900
$152.9K
Cap Rate 9%
$118,922
$118.9K
Market Conditions
NOI Build-Up for 925 SF
Gross rent
$20.3K $21.96/SF
− Vacancy
−$853 −$0.92/SF
EGI
$19.5K $21.04/SF
− OpEx
−$8.8K −$9.47/SF
NOI
$10.7K $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 Rate 5%
$214,060
Cap Rate 7%
$152,900
Cap Rate 9%
$118,922
Alternative Uses
Best Use
Apartment 5plus
$152.9K
$133.8K – $178.4K
NOI $10,703 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$303.7K
$265.7K – $354.3K
NOI $21,256 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
Explore this area
Business Placement
Demographics for 85257, AZ
29,187
Population
16,392
Households
1.8
Avg Household Size
39
Median Age
46%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
4,230
Density / Sq Mi
$79,828
Median Household Income
$54,580
Median Earnings
$1,812
Median Rent
$453,200
Median Home Value
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Market
Properties on Market for Residential income properties in Scottsdale
Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom, two-bath residence features ground-level access and updated kitchen and interior finishes.
Where is this residential income property located?
The property is located at 1650 N 87TH Terrace 25A Scottsdale, AZ.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Ground‑floor condo with two bedrooms and two bathrooms; 925 square feet with stair‑free access; Updated kitchen with new cabinets, stainless steel appliances, and backsplash
