2-Unit
For Sale
Contact for pricing
1801 W TONTO ST, Phoenix, AZ 85007
Recently updated residential income property with two three-bedroom, one-bath units in an R-3 zoning district.
Property Size1,855 SF
Price / SF$349.87
Days on Market74
Property Features for 1801 W TONTO ST
General Information
Standard status
Active
Size
1,855 SF
Class
C
Property subtype
Multifamily
Zoning
R-3
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$38,664
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
2007
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
S.J. Fowler Real Estate, Inc.
Listed By:
Laura Good · License #AZ SA639563000
(480) 406-1984
Source:
Crexi
Added: Aug 11
Changed: Oct 14
Last Checked: Oct 20 at 9:08PM
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 S.J. Fowler Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This duplex contains two residential units, each configured with three bedrooms and one bathroom across 900 square feet. The property was built in 2007 and has been recently updated, providing a refreshed two-unit configuration for residential income use.
Located at 1801 W Tonto St in Phoenix, Arizona, the property carries R-3 zoning. Each unit offers the same three-bedroom, one-bath layout, creating a consistent configuration across the building.
Located at 1801 W Tonto St in Phoenix, Arizona, the property carries R-3 zoning. Each unit offers the same three-bedroom, one-bath layout, creating a consistent configuration across the building.
Key Highlights
- Two‑unit duplex configuration
- Each unit includes 3 bedrooms and 1 bathroom
- 900 square feet per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,296
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,920
$485.9K
Cap Rate 7%
$347,086
$347.1K
Cap Rate 9%
$269,956
$270.0K
Market Conditions
NOI Build-Up for 1,855 SF
Gross rent
$36.7K $19.80/SF
− Vacancy
−$2.0K −$1.09/SF
EGI
$34.7K $18.71/SF
− OpEx
−$10.4K −$5.61/SF
NOI
$24.3K $13.10/SF
Area
Phoenix, AZ
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,920
Cap Rate 7%
$347,086
Cap Rate 9%
$269,956
Alternative Uses
Best Use
Multifamily LT 5
$347.1K
$303.7K – $404.9K
NOI $24,296 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$309.1K
$270.5K – $360.6K
NOI $21,636 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$561.9K
$491.7K – $655.6K
NOI $39,333 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
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Business Placement
Demographics for 85007, AZ
14,442
Population
5,981
Households
2.4
Avg Household Size
36
Median Age
27%
College-Educated
81%
High-School Grad
4.6 sq mi
ZIP Area
3,140
Density / Sq Mi
$55,833
Median Household Income
$43,375
Median Earnings
$1,079
Median Rent
$447,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Recently updated residential income property with two three-bedroom, one-bath units in an R-3 zoning district.
Where is this duplex located?
The property is located at 1801 W TONTO ST Phoenix, AZ.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Each unit includes 3 bedrooms and 1 bathroom; 900 square feet per unit
