Three-Unit Triplex with
316 E VOGEL Avenue, Phoenix, AZ 85020
For Sale
$845,000
All three residences are occupied and have individual laundry, with a shared outdoor BBQ and gathering area.
Property Size3,691 SF
Lot Size0.31 Acres
Price / SF$228.94
Days on Market389
Property Features for 316 E VOGEL Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Financials
Gross Income
Average Monthly Rent
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
individual laundry facilities
shared outdoor BBQ and gathering area
mature trees
brick walkways
storage sheds
Building Details
Year Built
Listing Agency:
Gerchick Real Estate
Listed By:
Linda S Gerchick · License #BR114848000
(602) 688-9279
Source:
Azuniquehomes
Added: Oct 17, 2025
Changed: Nov 9
Last Checked: Nov 8 at 3:50PM
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 Gerchick Real Estate
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Investment Insights
Based on property information with market context.
This Phoenix triplex comprises three residences: two three-bedroom homes and a casita. The units are arranged in individual residential buildings and each has its own washer and dryer. Updates include work to the kitchens and bathrooms, interior finishes, lighting, ceiling fans, and electrical service, including a new 125-amp panel. The property was built in 1939 and includes approximately 3,691 square feet of building area on approximately 13,375 square feet of land. R-3 zoning applies.
Residents share an outdoor BBQ and gathering area. Other site features include mature trees, shaded areas, brick walkways, low-maintenance landscaping, two storage sheds behind the casita, and a permanent storage structure. All three residences are currently occupied.
Residents share an outdoor BBQ and gathering area. Other site features include mature trees, shaded areas, brick walkways, low-maintenance landscaping, two storage sheds behind the casita, and a permanent storage structure. All three residences are currently occupied.
Key Highlights
- Three residences: two three‑bedroom units and one casita
- All three units are occupied
- Approximately 3,691 square feet of building area on approximately 13,375 square feet of land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,344
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,880
$966.9K
Cap Rate 7%
$690,629
$690.6K
Cap Rate 9%
$537,156
$537.2K
Market Conditions
NOI Build-Up for 3,691 SF
Gross rent
$73.1K $19.80/SF
− Vacancy
−$4.0K −$1.09/SF
EGI
$69.1K $18.71/SF
− OpEx
−$20.7K −$5.61/SF
NOI
$48.3K $13.10/SF
Area
Phoenix, AZ
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,880
Cap Rate 7%
$690,629
Cap Rate 9%
$537,156
Alternative Uses
Best Use
Multifamily LT 5
$690.6K
$604.3K – $805.7K
NOI $48,344 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$615.0K
$538.1K – $717.5K
NOI $43,050 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$1.12M
$978.3K – $1.30M
NOI $78,262 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,757
Businesses Nearby
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Business Placement
Demographics for 85020, AZ
34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
Median Home Value
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Market
Properties on Market for Triplexes in Phoenix
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - All three residences are occupied and have individual laundry, with a shared outdoor BBQ and gathering area.
Where is this triplex located?
The property is located at 316 E VOGEL Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Three residences: two three‑bedroom units and one casita; All three units are occupied; Approximately 3,691 square feet of building area on approximately 13,375 square feet of land
