Residential Income Property with
For Sale
$429,900
334 W MEDLOCK Drive C201, Phoenix, AZ 85013
The HOA includes electricity, water, internet, and cable service.
Property Size1,199 SF
Price / SF$358.55
Days on Market219
Property Features for 334 W MEDLOCK Drive C201
General Information
Standard status
Active
Size
1,199 SF
Property subtype
Apartment
Site & Location
Neighborhood
Alhambra
Public Transit
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$831
Amenities
private balcony
in-unit laundry
resort-style pool
gated community
Building Details
Building Size
1,199 SF
Year Built
1963
Listing Agency:
eXp Realty
Listed By:
Dajana Lalosevic
(602) 290-1455
Source:
1912realty
Added: Mar 25
Changed: Oct 26
Last Checked: Oct 26 at 3:35PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This top-floor residential property in Phoenix offers two bedrooms and two bathrooms across 1,199 square feet. Built in 1963, the unit has vaulted ceilings, an open living area, a private balcony, and in-unit laundry. Covered parking is also included, and the HOA covers electricity, water, internet, and cable.
Residents have access to a gated community pool. The property is near light rail, dining, and shopping, with access to Downtown and Central Phoenix.
Residents have access to a gated community pool. The property is near light rail, dining, and shopping, with access to Downtown and Central Phoenix.
Key Highlights
- Two bedrooms and two bathrooms in 1,199 square feet
- Top‑floor unit with vaulted ceilings and an open living area
- Private balcony and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,985
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,700
$279.7K
Cap Rate 7%
$199,786
$199.8K
Cap Rate 9%
$155,389
$155.4K
Market Conditions
NOI Build-Up for 1,199 SF
Gross rent
$27.0K $22.56/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$25.4K $21.21/SF
− OpEx
−$11.4K −$9.54/SF
NOI
$14.0K $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%
$279,700
Cap Rate 7%
$199,786
Cap Rate 9%
$155,389
Alternative Uses
Best Use
Apartment 5plus
$199.8K
$174.8K – $233.1K
NOI $13,985 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$363.2K
$317.8K – $423.7K
NOI $25,423 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,555
Businesses Nearby
Explore this area
Business Placement
Demographics for 85013, AZ
21,970
Population
11,618
Households
1.9
Avg Household Size
38
Median Age
47%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
5,938
Density / Sq Mi
$68,895
Median Household Income
$53,067
Median Earnings
$1,435
Median Rent
$476,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The HOA includes electricity, water, internet, and cable service.
Where is this residential income property located?
The property is located at 334 W MEDLOCK Drive C201 Phoenix, AZ.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,199 square feet; Top‑floor unit with vaulted ceilings and an open living area; Private balcony and in‑unit laundry
