Two-Bedroom Residential Income
For Sale
$534,900
2300 E CAMPBELL Avenue 329, Phoenix, AZ 85016
A contemporary condominium includes secured parking, private storage, and access to shared recreational and service amenities.
Property Size1,462 SF
Days on Market12
Property Features for 2300 E CAMPBELL Avenue 329
General Information
Standard status
Active
Size
1,462 SF
Total Parking Spaces
2
Property subtype
Apartment
Units
Unit Mix
2BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,581
Amenities
pool
rooftop patio
sky lounge
fitness center
concierge services
EV charging
Building Details
Building Size
1,462 SF
Year Built
2017
Listing Agency:
My Home Group Real Estate
Listed By:
Monica Merenda
(623) 398-5510
Source:
Alexiabertsatos
Added: Oct 6
Changed: Oct 11
Last Checked: Oct 16 at 3:14PM
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 My Home Group Real Estate
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Investment Insights
Based on property information with market context.
This 2017-built condominium has two bedrooms, 2.5 bathrooms, and more than 1,400 square feet of living space. Its open interior features tile plank flooring and a kitchen with quartz countertops, a gas range, a smart refrigerator, and upgraded appliances. A private balcony adds outdoor space, while two secured parking spaces and private storage are included. The second bedroom can serve as an office or guest room.
Community amenities include a pool, rooftop patio, sky lounge, fitness center, concierge services, and EV charging. The HOA covers gas, water, cable, and Wi-Fi.
Community amenities include a pool, rooftop patio, sky lounge, fitness center, concierge services, and EV charging. The HOA covers gas, water, cable, and Wi-Fi.
Key Highlights
- Two bedrooms and 2.5 bathrooms
- More than 1,400 square feet of living space
- Built in 2017
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,052
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,040
$341.0K
Cap Rate 7%
$243,600
$243.6K
Cap Rate 9%
$189,467
$189.5K
Market Conditions
NOI Build-Up for 1,462 SF
Gross rent
$33.0K $22.56/SF
− Vacancy
−$2.0K −$1.35/SF
EGI
$31.0K $21.21/SF
− OpEx
−$14.0K −$9.54/SF
NOI
$17.1K $11.66/SF
Area
Phoenix, AZ
Vacancy
6.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,040
Cap Rate 7%
$243,600
Cap Rate 9%
$189,467
Alternative Uses
Best Use
Apartment 5plus
$243.6K
$213.2K – $284.2K
NOI $17,052 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$442.9K
$387.5K – $516.7K
NOI $31,000 @ 7.0% cap · market cap 5.80%
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
4,095
Businesses Nearby
Explore this area
Business Placement
Demographics for 85016, AZ
37,326
Population
21,363
Households
1.7
Avg Household Size
38
Median Age
50%
College-Educated
94%
High-School Grad
8.2 sq mi
ZIP Area
4,552
Density / Sq Mi
$85,085
Median Household Income
$53,781
Median Earnings
$1,575
Median Rent
$508,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A contemporary condominium includes secured parking, private storage, and access to shared recreational and service amenities.
Where is this residential income property located?
The property is located at 2300 E CAMPBELL Avenue 329 Phoenix, AZ.
What is the asking price?
The asking price for this property is $534,900.
What are key features of this property?
This property features: Two bedrooms and 2.5 bathrooms; More than 1,400 square feet of living space; Built in 2017
