Two-Bedroom
For Sale
$285,000
3302 N 7TH Street #153, Phoenix, AZ 85014
Ground-floor living includes a private patio and access to shared fitness, recreation, and pool amenities.
Property Size1,178 SF
Price / SF$241.94
Days on Market22
Property Features for 3302 N 7TH Street #153
General Information
Standard status
Active
Size
1,178 SF
Property subtype
Apartment
Site & Location
Neighborhood
Encanto
Building Details
Year Built
1999
Listing Agency:
Realty Executives Arizona Territory
(602) 755-8556
Listed By:
Matthew W. Long · License #SA645379000
(480) 330-6788
Source:
Kathrynthomas
Added: Oct 12
Changed: Nov 1
Last Checked: Nov 1 at 3:07AM
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 Realty Executives Arizona Territory
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Investment Insights
Based on property information with market context.
This 1,178-square-foot, ground-floor condominium in Brick Commons has two bedrooms and two full bathrooms. The open-plan interior includes a kitchen with granite counters, raised-panel cabinetry, stainless steel appliances, and a peninsula bar. Wood and tile floors, plantation shutters, ceiling fans, and updated plumbing and lighting fixtures complete the living areas. The primary bedroom has a walk-in closet, large vanity, and step-in shower. A new HVAC system, covered patio, and one-car covered carport are also included.
Residents have access to a gated entrance, fitness and business centers, billiards room, putting green, swimming pool, spa, and gas barbecue area. The property is in downtown Phoenix, near Phoenix Country Club, the Roosevelt District, and VA and Banner hospitals.
Residents have access to a gated entrance, fitness and business centers, billiards room, putting green, swimming pool, spa, and gas barbecue area. The property is in downtown Phoenix, near Phoenix Country Club, the Roosevelt District, and VA and Banner hospitals.
Key Highlights
- Two bedrooms and two full bathrooms in 1,178 square feet
- Ground‑floor unit with a covered patio and one‑car covered carport
- Kitchen features granite countertops, stainless steel appliances, raised‑panel cabinets, and a peninsula bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,740
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,800
$274.8K
Cap Rate 7%
$196,286
$196.3K
Cap Rate 9%
$152,667
$152.7K
Market Conditions
NOI Build-Up for 1,178 SF
Gross rent
$26.6K $22.56/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$25.0K $21.21/SF
− OpEx
−$11.2K −$9.54/SF
NOI
$13.7K $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%
$274,800
Cap Rate 7%
$196,286
Cap Rate 9%
$152,667
Alternative Uses
Best Use
Apartment 5plus
$196.3K
$171.8K – $229.0K
NOI $13,740 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$356.8K
$312.2K – $416.3K
NOI $24,978 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
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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 - Ground-floor living includes a private patio and access to shared fitness, recreation, and pool amenities.
Where is this residential income property located?
The property is located at 3302 N 7TH Street #153 Phoenix, AZ.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms in 1,178 square feet; Ground‑floor unit with a covered patio and one‑car covered carport; Kitchen features granite countertops, stainless steel appliances, raised‑panel cabinets, and a peninsula bar
