Updated Residential
New
For Sale
$229,000
330 S BECK Avenue 116, Tempe, AZ 85281
Two bedrooms have private en-suite bathrooms, with laundry and covered parking also provided within the unit.
Property Size824 SF
Days on Market5
Property Features for 330 S BECK Avenue 116
General Information
Standard status
Active
Size
824 SF
Property subtype
Apartment
Site & Location
Neighborhood
Sunset
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,037
Amenities
community swimming pool
pantry
in-unit laundry
covered parking
Building Details
Building Size
824 SF
Year Built
1981
Listing Agency:
HomeSmart
Listed By:
Glenn Gerston
(480) 330-3705
Source:
Alexiabertsatos
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 1 at 2:57PM
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 HomeSmart
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Investment Insights
Based on property information with market context.
This Tempe condominium has two bedrooms and two bathrooms, with a private en-suite bath serving each bedroom. Recent interior work includes luxury vinyl flooring, fresh paint, updated bathroom vanities, and granite countertops. The unit also has a pantry, in-unit laundry, and covered parking. Built in 1981, it is vacant and available for occupancy.
The community includes a swimming pool, and the HOA manages exterior maintenance. The property is at 330 S Beck Avenue in Tempe, near Arizona State University, Mill Avenue, neighborhood retail and dining, and a city park.
The community includes a swimming pool, and the HOA manages exterior maintenance. The property is at 330 S Beck Avenue in Tempe, near Arizona State University, Mill Avenue, neighborhood retail and dining, and a city park.
Key Highlights
- Two‑bedroom, two‑bath condominium with private en‑suite bathrooms for both bedrooms
- Recent upgrades include luxury vinyl flooring, interior paint, bathroom vanities, and granite countertops
- In‑unit laundry, pantry, and covered parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,168
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,360
$223.4K
Cap Rate 7%
$159,543
$159.5K
Cap Rate 9%
$124,089
$124.1K
Market Conditions
NOI Build-Up for 824 SF
Gross rent
$21.6K $26.16/SF
− Vacancy
−$1.3K −$1.52/SF
EGI
$20.3K $24.64/SF
− OpEx
−$9.1K −$11.09/SF
NOI
$11.2K $13.55/SF
Area
Tempe, AZ
Vacancy
5.80%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,360
Cap Rate 7%
$159,543
Cap Rate 9%
$124,089
Alternative Uses
Best Use
Apartment 5plus
$159.5K
$139.6K – $186.1K
NOI $11,168 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$259.1K
$226.7K – $302.3K
NOI $18,138 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
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Business Placement
Demographics for 85281, AZ
69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two bedrooms have private en-suite bathrooms, with laundry and covered parking also provided within the unit.
Where is this residential income property located?
The property is located at 330 S BECK Avenue 116 Tempe, AZ.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium with private en‑suite bathrooms for both bedrooms; Recent upgrades include luxury vinyl flooring, interior paint, bathroom vanities, and granite countertops; In‑unit laundry, pantry, and covered parking
