Ground-Level Residential Income
1747 E NORTHERN Avenue 117, Phoenix, AZ 85020
For Sale
$400,000
This 2-bedroom home has an attached garage, a private patio, and access to community recreation amenities.
Property Size1,307 SF
Price / SF$306.04
Days on Market194
Property Features for 1747 E NORTHERN Avenue 117
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
gated entry
pool
spa
fitness center
BBQ area
Building Details
Building Size
Year Built
Listing Agency:
eXp Realty
Listed By:
Danielle Marie Paluscio · License AZ SA555833000
(602) 377-0700
Source:
1912realty
Added: Apr 30
Changed: Nov 7
Last Checked: Nov 8 at 5:49PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
Built in 1997, this 1,307-square-foot, ground-level residence has a split floor plan with two bedrooms, each with a walk-in closet. Interior features include tile flooring throughout and a tile fireplace in the living room. The primary suite opens to the patio and has mountain views. An attached one-car garage and gated entry courtyard complete the home.
The residence is in a gated community in North Central Phoenix, with mountain views and no neighbors behind the rear patio. Community amenities include a pool, spa, fitness center, and barbecue area. SR-51, Phoenix Mountain Preserve trails, Biltmore, Desert Ridge, downtown Phoenix, hospitals, shopping, dining, and Sky Harbor are among the listed nearby destinations.
The residence is in a gated community in North Central Phoenix, with mountain views and no neighbors behind the rear patio. Community amenities include a pool, spa, fitness center, and barbecue area. SR-51, Phoenix Mountain Preserve trails, Biltmore, Desert Ridge, downtown Phoenix, hospitals, shopping, dining, and Sky Harbor are among the listed nearby destinations.
Key Highlights
- 1,307 square feet; built in 1997
- Two‑bedroom split floor plan with walk‑in closets in both bedrooms
- Ground‑level residence with attached one‑car garage and gated entry courtyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,244
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,880
$304.9K
Cap Rate 7%
$217,771
$217.8K
Cap Rate 9%
$169,378
$169.4K
Market Conditions
NOI Build-Up for 1,307 SF
Gross rent
$29.5K $22.56/SF
− Vacancy
−$1.8K −$1.35/SF
EGI
$27.7K $21.21/SF
− OpEx
−$12.5K −$9.54/SF
NOI
$15.2K $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%
$304,880
Cap Rate 7%
$217,771
Cap Rate 9%
$169,378
Alternative Uses
Best Use
Apartment 5plus
$217.8K
$190.6K – $254.1K
NOI $15,244 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.9K
$346.4K – $461.9K
NOI $27,713 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
842
Businesses Nearby
Explore this area
Business Placement
Demographics for 85020, AZ
34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
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 - This 2-bedroom home has an attached garage, a private patio, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 1747 E NORTHERN Avenue 117 Phoenix, AZ.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,307 square feet; built in 1997; Two‑bedroom split floor plan with walk‑in closets in both bedrooms; Ground‑level residence with attached one‑car garage and gated entry courtyard
