Two-Unit Residential Income
2032 West Cypress Street Phoenix, AZ 85009
For Sale
Contact for pricing
Duplex with two 1 bed, 1 bath units, including shared rear yard and private gated covered parking.
Property Size1,505 SF
Price / SF$315.55
Days on Market81
Property Features for 2032 West Cypress Street
General Information
- Standard status
- Active
- Size
- 1,505 SF
- Property subtype
- Multifamily
Listing Agency:
eXp Realty Arizona
(602) 291-3283
Listed By:
David Mendel · License #AZ SA516914000
Source:
Crexi
Added: May 4
Changed: Jul 21
Last Checked: Jul 23 at 11:29AM
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 eXp Realty Arizona
Investment Insights
Based on property information with market context.
This two-unit residential income duplex includes two 1-bedroom, 1-bathroom homes. The front and rear units share a rear yard, while the rear unit has access to a private yard and gated, covered parking. The rear yard also includes a lockable storage shed, and the property’s appliances are landlord owned and are included with the sale.
The duplex is located at 2032 West Cypress Street and includes the associated front address at 2034 West Cypress Street. The property description indicates it is ready for a new owner.
Both units are configured as 1 bedroom and 1 bathroom, providing straightforward rental layouts within a single duplex structure.
The duplex is located at 2032 West Cypress Street and includes the associated front address at 2034 West Cypress Street. The property description indicates it is ready for a new owner.
Both units are configured as 1 bedroom and 1 bathroom, providing straightforward rental layouts within a single duplex structure.
Key Highlights
- Duplex with two 1 bed, 1 bath units
- Front and rear units located at 2034 W Cypress St share a rear yard
- Unit at 2032 W Cypress St includes a private yard
Financial Insights For Multifamily LT 5
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 | $29.8k | $19.80 |
| − Vacancy | −$1.6k | −$1.09 |
| EGI | $28.2k | $18.71 |
| − OpEx | −$8.4k | −$5.61 |
| NOI | $19.7k | $13.10 |
1,505 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$281.6K
$246.4K – $328.5K
NOI $19,712 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$250.8K
$219.4K – $292.6K
NOI $17,554 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$455.9K
$398.9K – $531.9K
NOI $31,911 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with two 1 bed, 1 bath units, including shared rear yard and private gated covered parking.
Where is this duplex located?
The property is located at 2032 West Cypress Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Duplex with two 1 bed, 1 bath units; Front and rear units located at 2034 W Cypress St share a rear yard; Unit at 2032 W Cypress St includes a private yard
