2-Unit Duplex with Attached
For Sale
$487,000
3801 N Tani Rd, Prescott Valley, AZ 86314
Each residence offers a private fenced patio, separate driveway, and its own attached garage.
Property Size2,033 SF
Lot Size0.24 Acres
Price / SF$239.55
Days on Market31
Property Features for 3801 N Tani Rd
General Information
Standard status
Active
Size
2,033 SF
Total Parking Spaces
2
Lot size
0.24 Acres
Property subtype
Multi-Family
Zoning
MF-4
Occupancy
100%
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Average Monthly Rent
$1,400
Utilities to Site
Yes
Building Details
Year Built
2002
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
eXp Realty
Listed By:
Geoffrey Hyland · License #SA561564000
(928) 237-4425
Source:
Searchprescotthouses
Added: Sep 10
Changed: Oct 8
Last Checked: Oct 9 at 7:49PM
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
Investment Insights
Based on property information with market context.
Built in 2002, this single-level duplex contains two matching residences, each with 2 bedrooms, 2 full bathrooms, and 1,016 square feet. Both units have an attached one-car garage, a separate driveway, and a fenced patio. Interior features include vaulted ceilings, ceiling fans, tile and laminate flooring, oak kitchen cabinets, and a walk-in pantry. Each home also has central refrigerated air conditioning, forced-gas heat, and a natural-gas water heater. The roof was replaced in 2018.
The property occupies a 0.24-acre corner lot in Prescott Valley, within walking distance of the library and Mountain Valley Park. City water and sewer serve the duplex, with water and sewer billed through a shared meter; each tenant pays their own electric and gas. Underground utilities, rock landscaping, established shrubs, and fenced rear yards are additional site features. Zoning is MF-4.
A kitchen and dining-area laundry closet is provided in each unit; the washer and dryer in Unit A convey. A fenced side yard beside Unit B contains utility meters, and additional exterior space lies beyond each private fenced yard.
The property occupies a 0.24-acre corner lot in Prescott Valley, within walking distance of the library and Mountain Valley Park. City water and sewer serve the duplex, with water and sewer billed through a shared meter; each tenant pays their own electric and gas. Underground utilities, rock landscaping, established shrubs, and fenced rear yards are additional site features. Zoning is MF-4.
A kitchen and dining-area laundry closet is provided in each unit; the washer and dryer in Unit A convey. A fenced side yard beside Unit B contains utility meters, and additional exterior space lies beyond each private fenced yard.
Key Highlights
- Two matching 1,016‑square‑foot units, each with 2 bedrooms and 2 full bathrooms
- Each residence has an attached one‑car garage, separate driveway, and fenced patio
- Built in 2002; roof replaced in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,276
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,520
$465.5K
Cap Rate 7%
$332,514
$332.5K
Cap Rate 9%
$258,622
$258.6K
Market Conditions
NOI Build-Up for 2,033 SF
Gross rent
$35.4K $17.40/SF
− Vacancy
−$2.1K −$1.04/SF
EGI
$33.3K $16.36/SF
− OpEx
−$10.0K −$4.91/SF
NOI
$23.3K $11.45/SF
Area
Yavapai County, AZ
Vacancy
6.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,520
Cap Rate 7%
$332,514
Cap Rate 9%
$258,622
Alternative Uses
Best Use
Multifamily LT 5
$332.5K
$291.0K – $387.9K
NOI $23,276 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$309.6K
$270.9K – $361.2K
NOI $21,670 @ 7.0% cap · market cap 4.45%
Theoretical Best
Warehouse
$681.0K
$595.9K – $794.6K
NOI $47,673 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Explore this area
Business Placement
Demographics for 86314, AZ
39,461
Population
16,806
Households
2.3
Avg Household Size
44
Median Age
23%
College-Educated
89%
High-School Grad
26.6 sq mi
ZIP Area
1,483
Density / Sq Mi
$67,263
Median Household Income
$37,829
Median Earnings
$1,432
Median Rent
$363,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers a private fenced patio, separate driveway, and its own attached garage.
Where is this duplex located?
The property is located at 3801 N Tani Rd Prescott Valley, AZ.
What is the asking price?
The asking price for this property is $487,000.
What are key features of this property?
This property features: Two matching 1,016‑square‑foot units, each with 2 bedrooms and 2 full bathrooms; Each residence has an attached one‑car garage, separate driveway, and fenced patio; Built in 2002; roof replaced in 2018
