Updated Scottsdale Income
For Sale
$290,000
4154 N 81ST Street, Scottsdale, AZ 85251
Updated condo with community pool, private patio, and power for an EV charging station.
Property Size904 SF
Days on Market53
Property Features for 4154 N 81ST Street
General Information
Standard status
Active
Size
904 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$565
Amenities
community pool
Building Details
Building Size
904 SF
Year Built
1971
Listing Agency:
Compass
Listed By:
Aaron A Meyer
(480) 249-5175
Source:
Alexiabertsatos
Added: Sep 12
Changed: Oct 31
Last Checked: Nov 1 at 3:37PM
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 Compass
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Investment Insights
Based on property information with market context.
This condominium property, built in 1971, has been refreshed throughout with modern finishes and comfortable living spaces. The residence includes a private patio with power in place for an EV charging station, along with access to a community pool.
The Scottsdale setting provides convenient access to Indian School Park, including its tennis courts, and Old Town Scottsdale. Scottsdale Fashion Square, Talking Stick Resort, Tempe Marketplace, ASU, and the 101 freeway are also within a short drive. The property offers a residential setting while remaining connected to shopping, recreation, dining, and regional access.
The Scottsdale setting provides convenient access to Indian School Park, including its tennis courts, and Old Town Scottsdale. Scottsdale Fashion Square, Talking Stick Resort, Tempe Marketplace, ASU, and the 101 freeway are also within a short drive. The property offers a residential setting while remaining connected to shopping, recreation, dining, and regional access.
Key Highlights
- Condominium property built in 1971
- Refreshed throughout with modern finishes
- Private patio has power for an EV charging station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,460
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,200
$209.2K
Cap Rate 7%
$149,429
$149.4K
Cap Rate 9%
$116,222
$116.2K
Market Conditions
NOI Build-Up for 904 SF
Gross rent
$19.9K $21.96/SF
− Vacancy
−$834 −$0.92/SF
EGI
$19.0K $21.04/SF
− OpEx
−$8.6K −$9.47/SF
NOI
$10.5K $11.57/SF
Area
Scottsdale, AZ
Vacancy
4.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,200
Cap Rate 7%
$149,429
Cap Rate 9%
$116,222
Alternative Uses
Best Use
Apartment 5plus
$149.4K
$130.8K – $174.3K
NOI $10,460 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$296.8K
$259.7K – $346.2K
NOI $20,773 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
963
Businesses Nearby
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Business Placement
Demographics for 85251, AZ
40,073
Population
26,456
Households
1.5
Avg Household Size
39
Median Age
60%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
5,566
Density / Sq Mi
$89,151
Median Household Income
$60,282
Median Earnings
$1,771
Median Rent
$500,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condo with community pool, private patio, and power for an EV charging station.
Where is this residential income property located?
The property is located at 4154 N 81ST Street Scottsdale, AZ.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Condominium property built in 1971; Refreshed throughout with modern finishes; Private patio has power for an EV charging station
