Ground-Level Income
For Sale
$399,995
3505 E CAMPBELL Avenue 11, Phoenix, AZ 85018
Apartment unit with updated kitchen finishes, private bath, and outdoor access.
Property Size1,008 SF
Days on Market103
Property Features for 3505 E CAMPBELL Avenue 11
General Information
Standard status
Active
Size
1,008 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$902
Amenities
rustic wood flooring
quartz counters
white shaker cabinets
stainless steel appliances
pantry
breakfast bar
backyard access
private bathroom
back patio
Building Details
Building Size
1,008 SF
Year Built
1962
Listing Agency:
AZ Dream Homes
Listed By:
Soroosh Ghafaripanah · License #SA656081000
(602) 332-9452
Source:
Alexiabertsatos
Added: Jun 26
Changed: Sep 28
Last Checked: Oct 5 at 11:51PM
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 AZ Dream Homes
Investment Insights
Based on property information with market context.
This ground-floor apartment unit at Raintree Plaza was built in 1962 and combines a practical residential layout with refreshed interior finishes. The kitchen features quartz countertops, white shaker cabinetry, stainless steel appliances, a pantry, and a peninsula with breakfast seating. Rustic wood flooring extends through the living room, while the primary bedroom includes a private bathroom and direct access to the backyard.
Outdoor space continues with a rear patio suited to everyday relaxation. The unit is identified as residential income property and is located at 3505 E CAMPBELL Avenue 11 in Phoenix, Arizona.
Outdoor space continues with a rear patio suited to everyday relaxation. The unit is identified as residential income property and is located at 3505 E CAMPBELL Avenue 11 in Phoenix, Arizona.
Key Highlights
- Ground‑level apartment unit at Raintree Plaza
- Kitchen with quartz countertops, white shaker cabinets, stainless steel appliances, pantry, and peninsula
- Primary bedroom offers direct backyard access and a private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,757
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,140
$235.1K
Cap Rate 7%
$167,957
$168.0K
Cap Rate 9%
$130,633
$130.6K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$22.7K $22.56/SF
− Vacancy
−$1.4K −$1.35/SF
EGI
$21.4K $21.21/SF
− OpEx
−$9.6K −$9.54/SF
NOI
$11.8K $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%
$235,140
Cap Rate 7%
$167,957
Cap Rate 9%
$130,633
Alternative Uses
Best Use
Apartment 5plus
$168.0K
$147.0K – $196.0K
NOI $11,757 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$305.3K
$267.2K – $356.2K
NOI $21,373 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,937
Businesses Nearby
Explore this area
Business Placement
Demographics for 85018, AZ
37,944
Population
19,487
Households
1.9
Avg Household Size
40
Median Age
57%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$87,637
Median Household Income
$58,555
Median Earnings
$1,411
Median Rent
$805,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Apartment unit with updated kitchen finishes, private bath, and outdoor access.
Where is this residential income property located?
The property is located at 3505 E CAMPBELL Avenue 11 Phoenix, AZ.
What is the asking price?
The asking price for this property is $399,995.
What are key features of this property?
This property features: Ground‑level apartment unit at Raintree Plaza; Kitchen with quartz countertops, white shaker cabinets, stainless steel appliances, pantry, and peninsula; Primary bedroom offers direct backyard access and a private bathroom
