Upstairs Residential Income
New
For Sale
$250,000
330 S Beck Ave #207, Tempe, AZ 85281
Tenant-occupied condo with community pool access and convenient proximity to ASU, Tempe Town Lake, shopping, dining, and freeways.
Property Size838 SF
Price / SF$298.33
Days on Market3
Property Features for 330 S Beck Ave #207
General Information
Standard status
Active
Size
838 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
community pool
Building Details
Year Built
1981
Tenancy
Single
Listing Agency:
My Home Group Real Estate
(480) 685-2760
Listed By:
The Garcia Group
(480) 771-2303
Source:
Beckygarcia
Added: Sep 21
Last Checked: Sep 22 at 5:14PM
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 My Home Group Real Estate
Investment Insights
Based on property information with market context.
Unit 207 is an upstairs condominium residence in a 1981-built community in Tempe. The 838-square-foot layout provides a low-maintenance residential setting, with a community pool located nearby. The property is currently tenant occupied, and tenant rights apply.
The residence is positioned near Arizona State University, Tempe Town Lake, shopping, dining, and freeway access. Its location and condominium format provide a practical option for residential income ownership or future owner occupancy, subject to the existing tenancy.
The residence is positioned near Arizona State University, Tempe Town Lake, shopping, dining, and freeway access. Its location and condominium format provide a practical option for residential income ownership or future owner occupancy, subject to the existing tenancy.
Key Highlights
- 838‑square‑foot upstairs condominium unit
- Built in 1981
- Currently tenant occupied; tenant rights apply
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,358
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$227,160
$227.2K
Cap Rate 7%
$162,257
$162.3K
Cap Rate 9%
$126,200
$126.2K
Market Conditions
NOI Build-Up for 838 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.9K $26.16/SF
− Vacancy
−$1.3K −$1.52/SF
EGI
$20.7K $24.64/SF
− OpEx
−$9.3K −$11.09/SF
NOI
$11.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$227,160
Cap Rate 7%
$162,257
Cap Rate 9%
$126,200
Alternative Uses
Best Use
Apartment 5plus
$162.3K
$142.0K – $189.3K
NOI $11,358 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$263.5K
$230.6K – $307.4K
NOI $18,446 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Explore this area
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 - Tenant-occupied condo with community pool access and convenient proximity to ASU, Tempe Town Lake, shopping, dining, and freeways.
Where is this residential income property located?
The property is located at 330 S Beck Ave #207 Tempe, AZ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 838‑square‑foot upstairs condominium unit; Built in 1981; Currently tenant occupied; tenant rights apply
