16-Unit Apartment
For Sale
Contact for pricing
Pending
1709 West Mountain View Road, Phoenix, AZ 85009
Two-story residential buildings offer an all two-bedroom, one-bathroom floor plan mix in Phoenix’s North Mountain corridor.
Property Size12,160 SF
Lot Size0.44 Acres
Days on Market223
Property Features for 1709 West Mountain View Road
General Information
Standard status
Pending
Size
12,160 SF
Net Rentable
12,160 SF
Lot size
0.44 Acres
Property subtype
Multifamily
Site & Location
Neighborhood
North Mountain
Units
Unit Mix
16 x 2BR/1BA
Multifamily Units
16
Building Details
Year Built
1985
Buildings
2
Stories
2
Units
16
Listing Agency:
ORION Investment Real Estate
Listed By:
Colt Siler · License #AZ SA691810000
(623) 533-1746
Source:
Crexi
Added: Mar 24
Changed: Oct 26
Last Checked: Oct 30 at 2:41PM
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 ORION Investment Real Estate
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Investment Insights
Based on property information with market context.
Located at 1709 W Monte Vista Road in Phoenix, Monte Vista Apartments comprises two two-story residential buildings with 16 units and approximately 12,160 rentable square feet. Constructed in 1985, the property sits on a .44-acre parcel and contains an all two-bedroom, one-bathroom unit mix. The residences average approximately 760 square feet each.
The property is positioned in Phoenix’s North Mountain submarket, with access to major employment centers, retail amenities, and transportation corridors. Its residential layout and consistent unit configuration provide a clearly defined multifamily offering within the Phoenix metropolitan area.
The property is positioned in Phoenix’s North Mountain submarket, with access to major employment centers, retail amenities, and transportation corridors. Its residential layout and consistent unit configuration provide a clearly defined multifamily offering within the Phoenix metropolitan area.
Key Highlights
- 16‑unit apartment property at 1709 W Monte Vista Rd, Phoenix, AZ 85009
- Two two‑story residential buildings totaling approximately 12,160 rentable square feet
- All units are two‑bedroom, one‑bathroom floor plans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,828
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,836,560
$2.8M
Cap Rate 7%
$2,026,114
$2.0M
Cap Rate 9%
$1,575,867
$1.6M
Market Conditions
NOI Build-Up for 12,160 SF
Gross rent
$274.3K $22.56/SF
− Vacancy
−$16.5K −$1.35/SF
EGI
$257.9K $21.21/SF
− OpEx
−$116.0K −$9.54/SF
NOI
$141.8K $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%
$2,836,560
Cap Rate 7%
$2,026,114
Cap Rate 9%
$1,575,867
Alternative Uses
Best Use
Apartment 5plus
$2.03M
$1.77M – $2.36M
NOI $141,828 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.68M
$3.22M – $4.30M
NOI $257,836 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
Explore this area
Business Placement
Demographics for 85009, AZ
50,439
Population
14,873
Households
3.4
Avg Household Size
31
Median Age
7%
College-Educated
59%
High-School Grad
14.7 sq mi
ZIP Area
3,431
Density / Sq Mi
$51,615
Median Household Income
$29,674
Median Earnings
$1,128
Median Rent
$215,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story residential buildings offer an all two-bedroom, one-bathroom floor plan mix in Phoenix’s North Mountain corridor.
Where is this apartment building located?
The property is located at 1709 West Mountain View Road Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,490,000.
What are key features of this property?
This property features: 16‑unit apartment property at 1709 W Monte Vista Rd, Phoenix, AZ 85009; Two two‑story residential buildings totaling approximately 12,160 rentable square feet; All units are two‑bedroom, one‑bathroom floor plans
