Remodeled Two-Bedroom
New
For Sale
$285,000
3655 N 5TH Avenue 105, Phoenix, AZ 85013
Community amenities include a pool, spa, and covered parking, while HOA dues cover electricity, water, and internet.
Property Size1,376 SF
Price / SF$207.12
Days on Market7
Property Features for 3655 N 5TH Avenue 105
General Information
Standard status
Active
Size
1,376 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$764
Amenities
pool
spa
covered parking
Building Details
Building Size
1,376 SF
Year Built
1962
Listing Agency:
West USA Realty
Listed By:
Helen Montgomery
(602) 463-2809
Source:
Alexiabertsatos
Added: Oct 8
Changed: Oct 14
Last Checked: Oct 13 at 2:51AM
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 West USA Realty
Investment Insights
Based on property information with market context.
This single-level condominium offers 1,376 square feet with two bedrooms and two bathrooms. Updates include new flooring, smooth ceilings, fresh paint, modern lighting and fixtures, window coverings, and a refreshed kitchen. The primary bathroom has been remodeled, and the living and dining areas share an open layout. A covered patio with a shade screen extends the living space.
Residents have access to a community pool, spa, and covered parking. HOA dues include electricity, water, and internet. Light rail, dining, historic districts, and cultural attractions are within walking distance.
Residents have access to a community pool, spa, and covered parking. HOA dues include electricity, water, and internet. Light rail, dining, historic districts, and cultural attractions are within walking distance.
Key Highlights
- 1,376‑square‑foot single‑level condominium with 2 bedrooms and 2 bathrooms
- Remodeled primary bathroom and refreshed kitchen
- Updated flooring, ceilings, paint, lighting, fixtures, and window coverings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,049
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,980
$321.0K
Cap Rate 7%
$229,271
$229.3K
Cap Rate 9%
$178,322
$178.3K
Market Conditions
NOI Build-Up for 1,376 SF
Gross rent
$31.0K $22.56/SF
− Vacancy
−$1.9K −$1.35/SF
EGI
$29.2K $21.21/SF
− OpEx
−$13.1K −$9.54/SF
NOI
$16.0K $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%
$320,980
Cap Rate 7%
$229,271
Cap Rate 9%
$178,322
Alternative Uses
Best Use
Apartment 5plus
$229.3K
$200.6K – $267.5K
NOI $16,049 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$416.8K
$364.7K – $486.3K
NOI $29,176 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,318
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 - Community amenities include a pool, spa, and covered parking, while HOA dues cover electricity, water, and internet.
Where is this residential income property located?
The property is located at 3655 N 5TH Avenue 105 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: 1,376‑square‑foot single‑level condominium with 2 bedrooms and 2 bathrooms; Remodeled primary bathroom and refreshed kitchen; Updated flooring, ceilings, paint, lighting, fixtures, and window coverings
