Furnished Two-Suite Income
For Sale
$250,000
3313 N 68TH Street 146, Scottsdale, AZ 85251
Remodeled first-floor residence with covered patio, in-unit laundry, and community amenities.
Property Size932 SF
Days on Market82
Property Features for 3313 N 68TH Street 146
General Information
Standard status
Active
Size
932 SF
Property subtype
Apartment
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$558
Amenities
community pool
covered parking
in-unit washer/dryer
private covered patio
Building Details
Building Size
932 SF
Year Built
1971
Listing Agency:
Compass
Listed By:
Kirsten K Horchler
(480) 799-2149
Source:
Alexiabertsatos
Added: Aug 14
Changed: Oct 31
Last Checked: Nov 1 at 11:19AM
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 Compass
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Investment Insights
Based on property information with market context.
This furnished residential income property is a remodeled first-floor unit with two master suites and an updated kitchen equipped with stainless steel appliances. The residence also includes an in-unit washer and dryer, a private covered patio with direct gate access to Osborn, an assigned covered carport, and guest parking. Utilities are included through the HOA.
Community features include a pool and landscaped courtyard. The property is located at 3313 N 68TH Street in Scottsdale, near Old Town dining, shopping, galleries, golf, spring training, and nightlife. Built in 1971, the unit combines furnished occupancy with practical in-home features and covered parking.
Community features include a pool and landscaped courtyard. The property is located at 3313 N 68TH Street in Scottsdale, near Old Town dining, shopping, galleries, golf, spring training, and nightlife. Built in 1971, the unit combines furnished occupancy with practical in-home features and covered parking.
Key Highlights
- Furnished, remodeled first‑floor unit with double master suites
- Updated kitchen with stainless steel appliances
- Private covered patio with direct gate access to Osborn
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,784
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,680
$215.7K
Cap Rate 7%
$154,057
$154.1K
Cap Rate 9%
$119,822
$119.8K
Market Conditions
NOI Build-Up for 932 SF
Gross rent
$20.5K $21.96/SF
− Vacancy
−$860 −$0.92/SF
EGI
$19.6K $21.04/SF
− OpEx
−$8.8K −$9.47/SF
NOI
$10.8K $11.57/SF
Area
Scottsdale, AZ
Vacancy
4.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,680
Cap Rate 7%
$154,057
Cap Rate 9%
$119,822
Alternative Uses
Best Use
Apartment 5plus
$154.1K
$134.8K – $179.7K
NOI $10,784 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$305.9K
$267.7K – $356.9K
NOI $21,416 @ 7.0% cap · market cap 8.57%
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
3,344
Businesses Nearby
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Business Placement
Demographics for 85251, AZ
40,073
Population
26,456
Households
1.5
Avg Household Size
39
Median Age
60%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
5,566
Density / Sq Mi
$89,151
Median Household Income
$60,282
Median Earnings
$1,771
Median Rent
$500,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Remodeled first-floor residence with covered patio, in-unit laundry, and community amenities.
Where is this residential income property located?
The property is located at 3313 N 68TH Street 146 Scottsdale, 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: Furnished, remodeled first‑floor unit with double master suites; Updated kitchen with stainless steel appliances; Private covered patio with direct gate access to Osborn
