Residential Income Condo with
For Sale
$259,000
2910 W Marconi Ave #123, Phoenix, AZ 85053
Ground-floor unit features covered outdoor space, assigned covered parking, and access to a community pool.
Property Size1,079 SF
Price / SF$240.04
Days on Market9
Property Features for 2910 W Marconi Ave #123
General Information
Standard status
Active
Size
1,079 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
wood-burning fireplace
covered poolside patio
exterior storage room
in-unit stackable laundry
assigned covered parking
community pool
Building Details
Year Built
1985
Listing Agency:
Jm Realty
(480) 785-5612
Listed By:
Ryan Bieber
(623) 323-9559
Source:
Searcharizonahomesforsale
Added: Oct 9
Changed: Oct 16
Last Checked: Oct 16 at 9:05AM
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 Jm Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This ground-level condominium offers 1,079 square feet with an open living and dining arrangement. A wood-burning fireplace anchors the living room, while the kitchen includes a breakfast bar and connects conveniently to the dining area. The covered patio includes an exterior storage room, and the unit has stackable laundry. Built in 1985, the property also includes assigned covered parking and access to the community pool.
The Phoenix address provides access to I-17 and Loop 101, with local parks and dining also noted nearby.
The Phoenix address provides access to I-17 and Loop 101, with local parks and dining also noted nearby.
Key Highlights
- 1,079‑square‑foot ground‑level condominium
- Wood‑burning fireplace in the living room
- Covered patio with exterior storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,585
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,700
$251.7K
Cap Rate 7%
$179,786
$179.8K
Cap Rate 9%
$139,833
$139.8K
Market Conditions
NOI Build-Up for 1,079 SF
Gross rent
$24.3K $22.56/SF
− Vacancy
−$1.5K −$1.35/SF
EGI
$22.9K $21.21/SF
− OpEx
−$10.3K −$9.54/SF
NOI
$12.6K $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%
$251,700
Cap Rate 7%
$179,786
Cap Rate 9%
$139,833
Alternative Uses
Best Use
Apartment 5plus
$179.8K
$157.3K – $209.8K
NOI $12,585 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$326.8K
$286.0K – $381.3K
NOI $22,879 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
Explore this area
Business Placement
Demographics for 85053, AZ
30,136
Population
12,003
Households
2.5
Avg Household Size
37
Median Age
26%
College-Educated
89%
High-School Grad
5.2 sq mi
ZIP Area
5,795
Density / Sq Mi
$66,870
Median Household Income
$43,411
Median Earnings
$1,385
Median Rent
$329,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Ground-floor unit features covered outdoor space, assigned covered parking, and access to a community pool.
Where is this residential income property located?
The property is located at 2910 W Marconi Ave #123 Phoenix, AZ.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 1,079‑square‑foot ground‑level condominium; Wood‑burning fireplace in the living room; Covered patio with exterior storage room
