Well-Maintained Duplex
204 East Hatcher Road Phoenix, AZ 85020
For Sale
$850,000
Built in 2006, this duplex offers two 3-bed/2.5-bath units with attached two-car garages, private yards, and in-unit washer/dryer.
Property Size3,576 SF
Price / SF$237.70
Days on Market53
Property Features for 204 East Hatcher Road
General Information
- Standard status
- Active
- Size
- 3,576 SF
- Property subtype
- Multiple Dwellings
Building Details
- Year Built
- 2006
Listing Agency:
ABI Multifamily
(602) 714-1353
Listed By:
Colin Kreager · License #SA693849000
(602) 714-1353
Source:
Compass
Added: Jun 1
Changed: Jul 20
Last Checked: Jul 23 at 10:23AM
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 ABI Multifamily
Investment Insights
Based on property information with market context.
204 E Hatcher Road is a well-maintained duplex built in 2006, offering two spacious 3-bedroom, 2.5-bath units. Each unit is described as averaging approximately 1,788 square feet and is configured with an attached two-car garage, a private backyard, and in-unit washer and dryer. Utilities are individually metered, including water.
The property is located in North Central Phoenix in a Sunnyslope area near North Mountain Park & Preserve and HonorHealth John C. Lincoln Medical Center, with shopping, dining, and major employment corridors also noted nearby.
At the time of listing, the duplex is currently occupied by government-subsidized tenants.
The property is located in North Central Phoenix in a Sunnyslope area near North Mountain Park & Preserve and HonorHealth John C. Lincoln Medical Center, with shopping, dining, and major employment corridors also noted nearby.
At the time of listing, the duplex is currently occupied by government-subsidized tenants.
Key Highlights
- Built in 2006, 1‑building duplex with 2 total units (no pool).
- Two 3‑bed/2.5‑bath units, each approximately 1,788 SF.
- Each unit includes an attached two‑car garage and a private backyard.
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 | $70.8k | $19.80 |
| − Vacancy | −$3.9k | −$1.09 |
| EGI | $66.9k | $18.71 |
| − OpEx | −$20.1k | −$5.61 |
| NOI | $46.8k | $13.10 |
3,576 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$669.1K
$585.5K – $780.6K
NOI $46,837 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$595.8K
$521.4K – $695.2K
NOI $41,709 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$1.08M
$947.8K – $1.26M
NOI $75,824 @ 7.0% cap · market cap 8.92%
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 - Built in 2006, this duplex offers two 3-bed/2.5-bath units with attached two-car garages, private yards, and in-unit washer/dryer.
Where is this duplex located?
The property is located at 204 East Hatcher Road Phoenix, AZ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Built in 2006, 1‑building duplex with 2 total units (no pool).; Two 3‑bed/2.5‑bath units, each approximately 1,788 SF.; Each unit includes an attached two‑car garage and a private backyard.
