Duplex with New
For Sale
$449,000
3001 N Majesty Dr, Prescott Valley, AZ 86314
Two-unit residential property with private fenced yards, attached garages, and air conditioning in each residence.
Property Size1,476 SF
Price / SF$304.20
Days on Market82
Property Features for 3001 N Majesty Dr
General Information
Standard status
Active
Size
1,476 SF
Property subtype
Multi-Family
Building Details
Year Built
1993
Listing Agency:
Superlative Realty
Listed By:
Jinger Cutting · License #BR104354000
(928) 848-3442
Source:
Legacyren
Added: Jul 26
Changed: Oct 12
Last Checked: Oct 7 at 1:56PM
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 Superlative Realty
Investment Insights
Based on property information with market context.
This duplex contains 1,476 square feet across two residences, with each unit offering 2 bedrooms, 1 full bath, approximately 738 square feet, an attached 1-car garage, air conditioning, and a private fenced backyard. The property was built in 1993 and has a brand-new roof. Each residence includes a living area, kitchen, and bedrooms arranged for everyday residential use.
Located at 3001 N Majesty Dr in Prescott Valley, the property is near shopping, dining, schools, medical facilities, parks, and entertainment. Major roadways provide access throughout Prescott Valley and surrounding communities. The two-unit configuration supports rental housing, owner occupancy with an additional residence, or multigenerational living, as described by the available property information.
Located at 3001 N Majesty Dr in Prescott Valley, the property is near shopping, dining, schools, medical facilities, parks, and entertainment. Major roadways provide access throughout Prescott Valley and surrounding communities. The two-unit configuration supports rental housing, owner occupancy with an additional residence, or multigenerational living, as described by the available property information.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bath
- 1,476 square feet total; approximately 738 square feet per unit
- Brand‑new roof; property built in 1993
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,899
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,980
$338.0K
Cap Rate 7%
$241,414
$241.4K
Cap Rate 9%
$187,767
$187.8K
Market Conditions
NOI Build-Up for 1,476 SF
Gross rent
$25.7K $17.40/SF
− Vacancy
−$1.5K −$1.04/SF
EGI
$24.1K $16.36/SF
− OpEx
−$7.2K −$4.91/SF
NOI
$16.9K $11.45/SF
Area
Yavapai County, AZ
Vacancy
6.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,980
Cap Rate 7%
$241,414
Cap Rate 9%
$187,767
Alternative Uses
Best Use
Multifamily LT 5
$241.4K
$211.2K – $281.7K
NOI $16,899 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$224.8K
$196.7K – $262.2K
NOI $15,733 @ 7.0% cap · market cap 3.50%
Theoretical Best
Warehouse
$494.5K
$432.7K – $576.9K
NOI $34,612 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
Explore this area
Business Placement
Demographics for 86314, AZ
39,461
Population
16,806
Households
2.3
Avg Household Size
44
Median Age
23%
College-Educated
89%
High-School Grad
26.6 sq mi
ZIP Area
1,483
Density / Sq Mi
$67,263
Median Household Income
$37,829
Median Earnings
$1,432
Median Rent
$363,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with private fenced yards, attached garages, and air conditioning in each residence.
Where is this duplex located?
The property is located at 3001 N Majesty Dr Prescott Valley, AZ.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bath; 1,476 square feet total; approximately 738 square feet per unit; Brand‑new roof; property built in 1993
