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    214 E CENTRE Avenue Buckeye, AZ 85326

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    For Sale
    $625,000

    Multifamily property featuring two homes and a duplex.

    Type:Multi Family
    Property size:
    1,000 SF
    Added:
    Jan 25, 2026
    Days on Market:
    82
    Last Refresh:
    Apr 8 at 2:11 am

    Property Features for 214 E CENTRE Avenue

    General Information

    Standard status
    Active
    Size
    1,000 SF
    Property subtype
    Multi Family

    Building Details

    Year Built
    1936

    We can help!

    Listing Contact
    Brenda Ann Bruehl
    Brenda Ann Bruehl

    Listing agent Brenda Ann Bruehl License #SA108024000

    Listing office Fathom Realty Elite

    Listing date Jan 25, 2026

    Source Exitrealty

    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 Fathom Realty Elite

    Overview

    Buckeye Multifamily Investment Opportunity

    This multifamily property in Buckeye, Arizona, includes four units across multiple addresses: 212 E Centre Avenue, 214 E Centre Avenue, 216 E Centre Avenue, and 309 S 3rd Street. The property features two single-family homes and one duplex building. The duplex, located at 214 and 216 E Centre Avenue, consists of two 3-bedroom, 1-bathroom units, each measuring 1000 sq ft. The unit at 309 S 3rd Street is a 2-bedroom, 1-bathroom home with 720 sq ft. Recent upgrades to 309 include a new roof, insulation, electrical panel and rewiring, and a hot water heater installed in 205. New flooring was installed in 2016. The stand-alone home at 212 Centre Avenue is a 720 sq ft, 3-bedroom, 1-bathroom unit. It features a new A/C unit installed in 2018, a hot water heater from 2012, and a new stove from 2018. A new fence was installed around the property in 2007, and new flooring was added in 2016. The A/C units are 16 seer 2.5 ton. Flooring was redone in 214 & 216 Centre in 2025, and fresh paint was applied to the 212, 214 & 309 units in 2025. The interior of 216 Centre was painted in November 2025, and a new hot water heater was installed in October 2025. A new hot water heater was also installed at 309 in October 205.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Buckeye
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.5881603
    Latitude
    33.3671829

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    FAQs

    What type of property is this?
    Multifamily property - Multifamily property featuring two homes and a duplex.
    Where is this multifamily property located?
    The property is located at 214 E CENTRE Avenue Buckeye, AZ.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Multi‑family property: 2 single‑family homes and 1 duplex.; Duplex units (214 & 216 E Centre Ave): each with 3 bed, 1 bath, 1000 sq ft.; Recent updates: Flooring redone in 214 & 216 Centre 2025, Fresh paint 212,214 & 309 units 2025, Interior painted in Nov 2025, a new hot water heater installed 10/2025.
    (623) 694-6483
    We can help!
    Listing Contact
    Brenda Ann Bruehl
    Brenda Ann Bruehl
    Real Estate License ID: SA108024000
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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