Third-Floor Residential
For Sale
$170,000
200 E SOUTHERN Avenue 335, Tempe, AZ 85282
Community amenities include a pool, with water, sewer, gas, and exterior maintenance covered by the HOA.
Property Size622 SF
Days on Market16
Property Features for 200 E SOUTHERN Avenue 335
General Information
Standard status
Active
Size
622 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$718
Amenities
pool
Building Details
Building Size
622 SF
Year Built
1986
Listing Agency:
LPT Realty, LLC
Listed By:
Nicole Morris
(217) 430-3029
Source:
Gillettegroupaz
Added: Oct 2
Changed: Oct 16
Last Checked: Oct 16 at 2:24PM
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 LPT Realty, LLC
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Investment Insights
Based on property information with market context.
Located at 200 E Southern Avenue in Tempe, this third-floor condominium was built in 1986 and features vaulted ceilings. There are no residences above the unit, and the elevated ceiling design adds an open quality to the interior.
Residents have access to a community pool. HOA coverage includes trash, water, sewer, gas, and exterior maintenance, and nighttime security patrols the property.
The property is near Arizona State University, Mill Avenue, Tempe Town Lake, dining, shopping, entertainment, recreation, and public transportation.
Residents have access to a community pool. HOA coverage includes trash, water, sewer, gas, and exterior maintenance, and nighttime security patrols the property.
The property is near Arizona State University, Mill Avenue, Tempe Town Lake, dining, shopping, entertainment, recreation, and public transportation.
Key Highlights
- Third‑floor condominium with vaulted ceilings and no unit above
- Built in 1986
- Community pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,430
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,600
$168.6K
Cap Rate 7%
$120,429
$120.4K
Cap Rate 9%
$93,667
$93.7K
Market Conditions
NOI Build-Up for 622 SF
Gross rent
$16.3K $26.16/SF
− Vacancy
−$944 −$1.52/SF
EGI
$15.3K $24.64/SF
− OpEx
−$6.9K −$11.09/SF
NOI
$8.4K $13.55/SF
Area
Tempe, AZ
Vacancy
5.80%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,600
Cap Rate 7%
$120,429
Cap Rate 9%
$93,667
Alternative Uses
Best Use
Apartment 5plus
$120.4K
$105.4K – $140.5K
NOI $8,430 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$195.6K
$171.2K – $228.2K
NOI $13,692 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,252
Businesses Nearby
Explore this area
Business Placement
Demographics for 85282, AZ
52,351
Population
25,667
Households
2
Avg Household Size
33
Median Age
44%
College-Educated
94%
High-School Grad
11.1 sq mi
ZIP Area
4,716
Density / Sq Mi
$79,084
Median Household Income
$43,863
Median Earnings
$1,627
Median Rent
$370,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Community amenities include a pool, with water, sewer, gas, and exterior maintenance covered by the HOA.
Where is this residential income property located?
The property is located at 200 E SOUTHERN Avenue 335 Tempe, AZ.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Third‑floor condominium with vaulted ceilings and no unit above; Built in 1986; Community pool
