Single-Story
For Sale
$639,900
3753 E POLK Street, Phoenix, AZ 85008
Both residences have three bedrooms, two bathrooms, and an open kitchen with a breakfast bar.
Property Size2,340 SF
Price / SF$273.46
Days on Market96
Property Features for 3753 E POLK Street
General Information
Standard status
Active
Size
2,340 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Camelback East
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,580
Amenities
stainless steel appliances
quartz counters
breakfast bar
walk-in closet
Building Details
Year Built
2022
Buildings
1
Stories
1
Listing Agency:
My Home Group Real Estate
Listed By:
Belinda W Li · License #SA670656000
(602) 391-7534
Source:
Goddeshomes
Added: Jul 27
Changed: Oct 28
Last Checked: Oct 26 at 8:48AM
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 My Home Group Real Estate
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Investment Insights
Based on property information with market context.
Built in 2022, this single-story duplex contains two residences with approximately 2,340 square feet in total. Each unit has three bedrooms and two bathrooms, with an open floor plan and a kitchen featuring stainless steel appliances, quartz counters, white cabinetry, and a peninsula with seating. The primary bedroom in each unit includes a walk-in closet and a private bathroom with a tub-and-shower combination.
The property is zoned R-3 and is located at 3753 East Polk Street in Phoenix, Arizona.
The property is zoned R-3 and is located at 3753 East Polk Street in Phoenix, Arizona.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- Approximately 2,340 total square feet
- Built in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,364
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,280
$527.3K
Cap Rate 7%
$376,629
$376.6K
Cap Rate 9%
$292,933
$292.9K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$40.7K $17.40/SF
− Vacancy
−$3.1K −$1.31/SF
EGI
$37.7K $16.10/SF
− OpEx
−$11.3K −$4.83/SF
NOI
$26.4K $11.27/SF
Area
ZIP 85008
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,280
Cap Rate 7%
$376,629
Cap Rate 9%
$292,933
Alternative Uses
Best Use
Multifamily LT 5
$376.6K
$329.6K – $439.4K
NOI $26,364 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$350.7K
$306.9K – $409.1K
NOI $24,548 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$723.2K
$632.8K – $843.7K
NOI $50,621 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
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Business Placement
Demographics for 85008, AZ
59,047
Population
24,508
Households
2.4
Avg Household Size
30
Median Age
24%
College-Educated
75%
High-School Grad
10.2 sq mi
ZIP Area
5,789
Density / Sq Mi
$61,369
Median Household Income
$36,969
Median Earnings
$1,300
Median Rent
$323,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms, two bathrooms, and an open kitchen with a breakfast bar.
Where is this duplex located?
The property is located at 3753 E POLK Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; Approximately 2,340 total square feet; Built in 2022
