Multifamily Property Near Waymo
1825 East Adams Street Phoenix, AZ 85034
For Sale
$1,590,000
Multifamily property with 7,700 SF of usable space.
Property Size7,700 SF
Price / SF$206.49
Days on Market1303
Property Features for 1825 East Adams Street
General Information
Standard status
Active
Size
7,700 SF
Property subtype
Multiple Dwellings
Building Details
Year Built
2020
Listing Agency:
Colonial Realty, LLC
(602) 931-0369
Listed By:
Pablo D Acosta · License #SA022871000
(602) 931-0369
Source:
Compass
Added: Jan 2, 2023
Changed: Jul 10
Last Checked: Jul 27 at 12:24PM
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 Colonial Realty, LLC
Investment Insights
Based on property information with market context.
This multifamily property offers 7,700 square feet of usable space. A new Waymo station is under construction at the northwest corner of 18th Street and Washington, located one block away. Additional information and over 300 photos are available under residential listing #6626952.
Key Highlights
- 7,700 sf of usable space
- New Waymo station under construction 1 block away
- Built in 2020
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $173.7k | $22.56 |
| − Vacancy | −$10.4k | −$1.35 |
| EGI | $163.3k | $21.21 |
| − OpEx | −$73.5k | −$9.54 |
| NOI | $89.8k | $11.66 |
7,700 SF · lease $22.56/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,809 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,268 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property with 7,700 SF of usable space.
Where is this multifamily property located?
The property is located at 1825 East Adams Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: 7,700 sf of usable space; New Waymo station under construction 1 block away; Built in 2020
