Upstairs Residential Income
330 S Beck Ave #207, Tempe, AZ 85281
For Sale
$250,000
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 Market48
Property Features for 330 S Beck Ave #207
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Multifamily Units
Amenities
community pool
Building Details
Year Built
Tenancy
Listing Agency:
My Home Group Real Estate
(480) 685-2760
Listed By:
The Garcia Group
(480) 771-2303
Source:
Beckygarcia
Added: Sep 21
Changed: Nov 6
Last Checked: Nov 6 at 9:03AM
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
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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 / Yr
$11,358
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
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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Market
Properties on Market for Residential income properties in Tempe
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
