Phoenix Multifamily Renovated Apartment
For Sale
Contact for pricing
4128 N 10th St, Phoenix, AZ 85014
Ten renovated units in Midtown Phoenix's Central Park Villas.
Property Size7,200 SF
Price / SF$399.03
Days on Market216
Property Features for 4128 N 10th St
General Information
Standard status
Active
Size
7,200 SF
Class
B
Property subtype
Multifamily
Zoning
R-4
Occupancy
100%
Investment Type
Core
Net Operating Income
$172,335
Building Details
Year Built
1966
Year Renovated
2020
Units
10
Listing Agency:
CBRE - Phoenix
Listed By:
Brian Tranetzki · License #BR581404000
(602) 435-3636
Source:
Crexi
Added: Mar 4
Changed: Oct 4
Last Checked: Oct 5 at 3:08PM
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 CBRE - Phoenix
Investment Insights
Based on property information with market context.
Central Park Villas features ten fully renovated units. The multifamily property is located in midtown central Phoenix and has a total property size of 7200 square feet.
Key Highlights
- 10 fully renovated units, ready for immediate occupancy.
- Located in Midtown Central Phoenix, a vibrant and desirable area.
- Central Park Villas: your opportunity to own a piece of this sought‑after community.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,977
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,679,540
$1.7M
Cap Rate 7%
$1,199,671
$1.2M
Cap Rate 9%
$933,078
$933.1K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$162.4K $22.56/SF
− Vacancy
−$9.7K −$1.35/SF
EGI
$152.7K $21.21/SF
− OpEx
−$68.7K −$9.54/SF
NOI
$84.0K $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%
$1,679,540
Cap Rate 7%
$1,199,671
Cap Rate 9%
$933,078
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,977 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,666 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,286
Businesses Nearby
Explore this area
Business Placement
Demographics for 85014, AZ
26,381
Population
14,778
Households
1.8
Avg Household Size
37
Median Age
43%
College-Educated
90%
High-School Grad
4.0 sq mi
ZIP Area
6,595
Density / Sq Mi
$69,995
Median Household Income
$48,465
Median Earnings
$1,339
Median Rent
$447,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Ten renovated units in Midtown Phoenix's Central Park Villas.
Where is this apartment building located?
The property is located at 4128 N 10th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,873,000.
What are key features of this property?
This property features: 10 fully renovated units, ready for immediate occupancy.; Located in Midtown Central Phoenix, a vibrant and desirable area.; Central Park Villas: your opportunity to own a piece of this sought‑after community.
