Two-Bedroom Condo with
For Sale
$290,000
3302 N 7TH Street 262, Phoenix, AZ 85014
A gated Phoenix condominium community includes a pool, fitness center, clubhouse, and covered parking.
Property Size1,217 SF
Price / SF$238.29
Days on Market261
Property Features for 3302 N 7TH Street 262
General Information
Standard status
Active
Size
1,217 SF
Property subtype
Apartment
Site & Location
Neighborhood
Encanto
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,784
Amenities
gated community
resort-style pool
fitness center
clubhouse
Building Details
Building Size
1,217 SF
Year Built
1999
Listing Agency:
Keller Williams Realty Sonoran Living
Listed By:
BVO Luxury Group · License #01428775
(833) 286-7653
Source:
Bvoluxury
Added: Feb 10
Changed: Oct 26
Last Checked: Oct 26 at 11:48AM
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 Keller Williams Realty Sonoran Living
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Investment Insights
Based on property information with market context.
This 1,217-square-foot condominium has two bedrooms, two bathrooms, and high ceilings. The interior includes quartz countertops, stainless steel appliances, and a full-size washer and dryer. HVAC and the water heater are newer, and the unit has a private one-car garage plus covered parking. The building dates to 1999.
Residents of the gated Brick Commons community have access to a pool, fitness center, and clubhouse. The property is in Phoenix, with dining, shopping, and entertainment nearby and access to the Biltmore, Uptown, and Midtown areas.
Residents of the gated Brick Commons community have access to a pool, fitness center, and clubhouse. The property is in Phoenix, with dining, shopping, and entertainment nearby and access to the Biltmore, Uptown, and Midtown areas.
Key Highlights
- Two bedrooms and two bathrooms across 1,217 square feet
- Private one‑car garage and additional covered parking
- Quartz countertops, stainless steel appliances, and full‑size washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,195
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,900
$283.9K
Cap Rate 7%
$202,786
$202.8K
Cap Rate 9%
$157,722
$157.7K
Market Conditions
NOI Build-Up for 1,217 SF
Gross rent
$27.5K $22.56/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$25.8K $21.21/SF
− OpEx
−$11.6K −$9.54/SF
NOI
$14.2K $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%
$283,900
Cap Rate 7%
$202,786
Cap Rate 9%
$157,722
Alternative Uses
Best Use
Apartment 5plus
$202.8K
$177.4K – $236.6K
NOI $14,195 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$368.6K
$322.6K – $430.1K
NOI $25,805 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,680
Businesses Nearby
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Business Placement
Demographics for 85014, AZ
26,381
Population
14,778
Households
1.8
Avg Household Size
37
Median Age
43%
College-Educated
90%
High-School Grad
4.0 sq mi
ZIP Area
6,595
Density / Sq Mi
$69,995
Median Household Income
$48,465
Median Earnings
$1,339
Median Rent
$447,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A gated Phoenix condominium community includes a pool, fitness center, clubhouse, and covered parking.
Where is this residential income property located?
The property is located at 3302 N 7TH Street 262 Phoenix, AZ.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms across 1,217 square feet; Private one‑car garage and additional covered parking; Quartz countertops, stainless steel appliances, and full‑size washer and dryer
