Ground-Level Residential Income
New
For Sale
$519,000
20801 N 90TH Place 159, Scottsdale, AZ 85255
A single-level layout includes two bedrooms, a covered patio, a dedicated laundry room, and two assigned parking spaces.
Property Size1,298 SF
Days on Market5
Property Features for 20801 N 90TH Place 159
General Information
Standard status
Active
Size
1,298 SF
Total Parking Spaces
2
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,467
Amenities
heated pools and spas
fitness facilities
tennis and pickleball courts
common areas
plantation shutters
updated kitchen
laundry room
walk-in pantry
patio
Building Details
Building Size
1,298 SF
Year Built
2000
Listing Agency:
The Agency
Listed By:
Chey Castro · License #SA583805000
(602) 570-2516
Source:
Jcluxuryresidential
Added: Oct 29
Changed: Nov 2
Last Checked: Nov 1 at 3:10PM
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 The Agency
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Investment Insights
Based on property information with market context.
This ground-floor corner residence was built in 2000 and has a single-level, two-bedroom layout. Interior features include 9-foot ceilings, wood-look tile flooring, plantation shutters, and an updated kitchen. The primary bedroom opens to the covered patio through French doors, while the second bedroom offers space for furnishings or a home office. A walk-in pantry, dedicated laundry room, newer HVAC system, and two assigned parking spaces round out the property. The patio faces a greenbelt.
Community amenities include heated pools and spas, fitness facilities, tennis and pickleball courts, and maintained common areas. Market Street’s restaurants, shops, and gathering places are nearby, with access to the Loop 101, golf, and hiking also noted.
Community amenities include heated pools and spas, fitness facilities, tennis and pickleball courts, and maintained common areas. Market Street’s restaurants, shops, and gathering places are nearby, with access to the Loop 101, golf, and hiking also noted.
Key Highlights
- Ground‑level corner residence with a single‑level, two‑bedroom layout
- Built in 2000; interior features include 9‑foot ceilings and wood‑look tile flooring
- Primary bedroom opens through French doors to a covered patio facing a greenbelt
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,019
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,380
$300.4K
Cap Rate 7%
$214,557
$214.6K
Cap Rate 9%
$166,878
$166.9K
Market Conditions
NOI Build-Up for 1,298 SF
Gross rent
$28.5K $21.96/SF
− Vacancy
−$1.2K −$0.92/SF
EGI
$27.3K $21.04/SF
− OpEx
−$12.3K −$9.47/SF
NOI
$15.0K $11.57/SF
Area
Scottsdale, AZ
Vacancy
4.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,380
Cap Rate 7%
$214,557
Cap Rate 9%
$166,878
Alternative Uses
Best Use
Apartment 5plus
$214.6K
$187.7K – $250.3K
NOI $15,019 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$426.1K
$372.8K – $497.1K
NOI $29,827 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Explore this area
Business Placement
Demographics for 85255, AZ
44,976
Population
23,016
Households
2
Avg Household Size
51
Median Age
68%
College-Educated
98%
High-School Grad
88.2 sq mi
ZIP Area
510
Density / Sq Mi
$143,567
Median Household Income
$93,339
Median Earnings
$2,401
Median Rent
$975,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A single-level layout includes two bedrooms, a covered patio, a dedicated laundry room, and two assigned parking spaces.
Where is this residential income property located?
The property is located at 20801 N 90TH Place 159 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Ground‑level corner residence with a single‑level, two‑bedroom layout; Built in 2000; interior features include 9‑foot ceilings and wood‑look tile flooring; Primary bedroom opens through French doors to a covered patio facing a greenbelt
