Residential Income Property with
For Sale
$289,900
19820 N 13th Avenue #159, Phoenix, AZ 85013
Residents have access to a shared pool, fitness facility, and clubhouse.
Property Size1,194 SF
Price / SF$242.80
Days on Market33
Property Features for 19820 N 13th Avenue #159
General Information
Standard status
Active
Size
1,194 SF
Property subtype
Apartment
Site & Location
Neighborhood
Deer Valley
Additional Details
Multifamily Units
1
Amenities
pool
fitness facility
clubhouse
attached garage
private patios
Building Details
Year Built
1989
Listing Agency:
Rio Salado Realty, LLC
Listed By:
Bill Brimie · License #BR551585000
(480) 452-5978
Source:
Kathrynthomas
Added: Sep 30
Changed: Oct 29
Last Checked: Nov 1 at 1:21AM
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 Rio Salado Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1989, this 1,194-square-foot residential property has two bedrooms and two bathrooms. Interior features include an updated kitchen and newer flooring, with an attached garage and two private patios adding practical indoor-outdoor space.
Community amenities include a pool, fitness facility, and clubhouse. The property is located at 19820 N 13th Avenue #159 in Phoenix, Arizona 85013.
Community amenities include a pool, fitness facility, and clubhouse. The property is located at 19820 N 13th Avenue #159 in Phoenix, Arizona 85013.
Key Highlights
- Two bedrooms and two bathrooms in 1,194 square feet
- Updated kitchen and newer flooring
- Two private patios and an attached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,926
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,520
$278.5K
Cap Rate 7%
$198,943
$198.9K
Cap Rate 9%
$154,733
$154.7K
Market Conditions
NOI Build-Up for 1,194 SF
Gross rent
$26.9K $22.56/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$25.3K $21.21/SF
− OpEx
−$11.4K −$9.54/SF
NOI
$13.9K $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%
$278,520
Cap Rate 7%
$198,943
Cap Rate 9%
$154,733
Alternative Uses
Best Use
Apartment 5plus
$198.9K
$174.1K – $232.1K
NOI $13,926 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$361.7K
$316.5K – $422.0K
NOI $25,317 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
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Business Placement
Demographics for 85013, AZ
21,970
Population
11,618
Households
1.9
Avg Household Size
38
Median Age
47%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
5,938
Density / Sq Mi
$68,895
Median Household Income
$53,067
Median Earnings
$1,435
Median Rent
$476,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to a shared pool, fitness facility, and clubhouse.
Where is this residential income property located?
The property is located at 19820 N 13th Avenue #159 Phoenix, AZ.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,194 square feet; Updated kitchen and newer flooring; Two private patios and an attached garage
