Single-Story Live-Work
3144 N 34th St, Phoenix, AZ 85018
For Sale
Contact for pricing
R1-6 residential zoning may allow qualifying home occupations, subject to City of Phoenix regulations.
Property Size1,637 SF
Lot Size0.18 Acres
Price / SF$365.91
Days on Market39
Property Features for 3144 N 34th St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Asking Price
Building Details
Buildings
Stories
Building Size
Listing Agency:
Epique Realty - Tucson
Listed By:
Brandon Bennett · License AZ BR664757000
Source:
Crexi
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 8 at 4:13PM
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 Epique Realty - Tucson
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Investment Insights
Based on property information with market context.
This renovated, single-story property offers 1,637 square feet with four bedrooms, three bathrooms, a modern kitchen, updated living areas and dual-pane windows. Flexible rooms provide options for residential use and a potential home-based professional workspace. The corner parcel measures approximately 7,863 square feet and includes five parking spaces: two covered and three on a slab. There is no HOA.
In Phoenix’s Arcadia Lite neighborhood, the property is near Thomas Road, 32nd Street and Indian School Road, with dining, retail, healthcare and financial services in the surrounding area. Its zoning is R1-6 residential; it is not commercially zoned. Some home occupations may qualify under City of Phoenix rules. Buyers should confirm whether their intended activity, client traffic and parking arrangements meet applicable requirements.
In Phoenix’s Arcadia Lite neighborhood, the property is near Thomas Road, 32nd Street and Indian School Road, with dining, retail, healthcare and financial services in the surrounding area. Its zoning is R1-6 residential; it is not commercially zoned. Some home occupations may qualify under City of Phoenix rules. Buyers should confirm whether their intended activity, client traffic and parking arrangements meet applicable requirements.
Key Highlights
- Renovated 1,637‑square‑foot, single‑story layout with four bedrooms and three bathrooms
- Approximately 7,863‑square‑foot corner lot
- Five on‑site parking spaces: two covered and three slab spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,023
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,460
$560.5K
Cap Rate 7%
$400,329
$400.3K
Cap Rate 9%
$311,367
$311.4K
Market Conditions
NOI Build-Up for 1,637 SF
Gross rent
$50.3K $30.72/SF
− Vacancy
−$12.9K −$7.90/SF
EGI
$37.4K $22.82/SF
− OpEx
−$9.3K −$5.71/SF
NOI
$28.0K $17.12/SF
Area
Phoenix, AZ
Vacancy
25.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,460
Cap Rate 7%
$400,329
Cap Rate 9%
$311,367
Alternative Uses
Best Use
Office B
$400.3K
$350.3K – $467.1K
NOI $28,023 @ 7.0% cap · market cap 4.68%
Second Best
Mixed Use
$298.2K
$260.9K – $347.9K
NOI $20,872 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$495.9K
$433.9K – $578.5K
NOI $34,710 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,389
Businesses Nearby
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Business Placement
Demographics for 85018, AZ
37,944
Population
19,487
Households
1.9
Avg Household Size
40
Median Age
57%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$87,637
Median Household Income
$58,555
Median Earnings
$1,411
Median Rent
$805,800
Median Home Value
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Market
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Live-work space - R1-6 residential zoning may allow qualifying home occupations, subject to City of Phoenix regulations.
Where is this live-work space located?
The property is located at 3144 N 34th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Renovated 1,637‑square‑foot, single‑story layout with four bedrooms and three bathrooms; Approximately 7,863‑square‑foot corner lot; Five on‑site parking spaces: two covered and three slab spaces
