Renovated Residential
New
For Sale
$397,500
1901 E MISSOURI Avenue 205, Phoenix, AZ 85016
The single-level home has three bedrooms, two remodeled bathrooms, and a private balcony.
Property Size1,356 SF
Days on Market6
Property Features for 1901 E MISSOURI Avenue 205
General Information
Standard status
Active
Size
1,356 SF
Total Parking Spaces
2
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,165
Amenities
in-unit laundry
private balcony
Building Details
Building Size
1,356 SF
Year Built
1963
Construction
mid-century modern
Listing Agency:
RETSY
Listed By:
Tatiana Maus · License #SA692631000
(480) 283-5169
Source:
Alexiabertsatos
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 5 at 11:29PM
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 RETSY
Investment Insights
Based on property information with market context.
Built in 1963, this renovated single-level residence offers three bedrooms and two bathrooms. Its interior combines an open layout with 9-foot ceilings and exposed brick. The kitchen includes custom wood cabinetry, Bosch stainless steel appliances, a Cambria quartz waterfall island, and a beverage center with a wine fridge. Both bathrooms have been remodeled, and the home also includes in-unit laundry and two covered parking spaces.
A private balcony provides mountain views. Biltmore Fashion Park, dining, and shopping are described as a short drive away.
A private balcony provides mountain views. Biltmore Fashion Park, dining, and shopping are described as a short drive away.
Key Highlights
- Three‑bedroom, two‑bathroom single‑level residence
- Renovated kitchen with Bosch stainless steel appliances, custom cabinetry, and Cambria quartz island
- 9‑foot ceilings and exposed brick
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,816
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,320
$316.3K
Cap Rate 7%
$225,943
$225.9K
Cap Rate 9%
$175,733
$175.7K
Market Conditions
NOI Build-Up for 1,356 SF
Gross rent
$30.6K $22.56/SF
− Vacancy
−$1.8K −$1.35/SF
EGI
$28.8K $21.21/SF
− OpEx
−$12.9K −$9.54/SF
NOI
$15.8K $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%
$316,320
Cap Rate 7%
$225,943
Cap Rate 9%
$175,733
Alternative Uses
Best Use
Apartment 5plus
$225.9K
$197.7K – $263.6K
NOI $15,816 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$410.7K
$359.4K – $479.2K
NOI $28,752 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,475
Businesses Nearby
Explore this area
Business Placement
Demographics for 85016, AZ
37,326
Population
21,363
Households
1.7
Avg Household Size
38
Median Age
50%
College-Educated
94%
High-School Grad
8.2 sq mi
ZIP Area
4,552
Density / Sq Mi
$85,085
Median Household Income
$53,781
Median Earnings
$1,575
Median Rent
$508,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The single-level home has three bedrooms, two remodeled bathrooms, and a private balcony.
Where is this residential income property located?
The property is located at 1901 E MISSOURI Avenue 205 Phoenix, AZ.
What is the asking price?
The asking price for this property is $397,500.
What are key features of this property?
This property features: Three‑bedroom, two‑bathroom single‑level residence; Renovated kitchen with Bosch stainless steel appliances, custom cabinetry, and Cambria quartz island; 9‑foot ceilings and exposed brick
