Second-Floor Residential
For Sale
$365,000
3235 E CAMELBACK Road #220, Phoenix, AZ 85018
An open living, dining, and kitchen area is paired with two full bathrooms and a private balcony.
Property Size1,149 SF
Days on Market79
Property Features for 3235 E CAMELBACK Road #220
General Information
Standard status
Active
Size
1,149 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
private balcony
Building Details
Building Size
1,149 SF
Year Built
1989
Stories
2
Listing Agency:
GPS AZ Real Estate
Listed By:
Rodrigo A Moreno · License #BR519394000
(602) 413-0997
Source:
Karolinakemski.kw
Added: Jul 31
Changed: Oct 12
Last Checked: Oct 16 at 5:44AM
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 GPS AZ Real Estate
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Investment Insights
Based on property information with market context.
Built in 1989, this second-floor condo has an open plan connecting the living room, dining area, and kitchen. The kitchen cabinetry has been professionally refinished, and the bedrooms have luxury vinyl plank flooring. Two full bathrooms and a private balcony complete the residence.
The property is in Phoenix’s Biltmore area, near shopping, dining, and entertainment, with access to SR-51. Downtown Scottsdale is approximately 10 minutes away.
The property is in Phoenix’s Biltmore area, near shopping, dining, and entertainment, with access to SR-51. Downtown Scottsdale is approximately 10 minutes away.
Key Highlights
- Second‑floor condo with an open living, dining, and kitchen layout
- Two full bathrooms and a private balcony
- Professionally refinished kitchen cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,401
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,020
$268.0K
Cap Rate 7%
$191,443
$191.4K
Cap Rate 9%
$148,900
$148.9K
Market Conditions
NOI Build-Up for 1,149 SF
Gross rent
$25.9K $22.56/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$24.4K $21.21/SF
− OpEx
−$11.0K −$9.54/SF
NOI
$13.4K $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%
$268,020
Cap Rate 7%
$191,443
Cap Rate 9%
$148,900
Alternative Uses
Best Use
Apartment 5plus
$191.4K
$167.5K – $223.4K
NOI $13,401 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$348.0K
$304.5K – $406.1K
NOI $24,363 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,863
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - An open living, dining, and kitchen area is paired with two full bathrooms and a private balcony.
Where is this residential income property located?
The property is located at 3235 E CAMELBACK Road #220 Phoenix, AZ.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Second‑floor condo with an open living, dining, and kitchen layout; Two full bathrooms and a private balcony; Professionally refinished kitchen cabinetry
