Two-Bedroom Residential Income
4201 E Camelback Road 79, Phoenix, AZ 85018
For Sale
$309,000
The 1,225-square-foot home includes a private courtyard, two full bathrooms, and community pool access.
Property Size1,225 SF
Price / SF$252.24
Days on Market95
Property Features for 4201 E Camelback Road 79
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pool
private courtyard
Building Details
Building Size
Year Built
Listing Agency:
HomeSmart
Listed By:
Patti Glauner
(480) 332-6119
Source:
Bvoluxury
Added: Aug 7
Changed: Nov 7
Last Checked: Nov 8 at 4:31PM
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 HomeSmart
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Investment Insights
Based on property information with market context.
Unit 79 is a two-bedroom, two-bath condominium with a 1,225-square-foot open great-room layout. The primary suite has a walk-in closet, ensuite bathroom, and courtyard views. Tile finishes the main living areas, while the bedrooms have Pergo flooring. The private courtyard offers outdoor space, and the kitchen has ample cabinetry, a glass-top range, and a refrigerator that conveys. The building dates to 1970.
The property is in Villa Green near 44th Street and Camelback Road, with the Arcadia canal walk nearby. Community amenities include a pool pavilion, landscaped shared areas, and views of Camelback Mountain from the pool. Nearby destinations named in the property information include Biltmore Fashion Park, Camelback Village shopping, and AJ’s Fine Foods.
The HOA covers electricity, water, sewer, garbage, roof repair and replacement, exterior painting, common-area maintenance, and yardwork.
The property is in Villa Green near 44th Street and Camelback Road, with the Arcadia canal walk nearby. Community amenities include a pool pavilion, landscaped shared areas, and views of Camelback Mountain from the pool. Nearby destinations named in the property information include Biltmore Fashion Park, Camelback Village shopping, and AJ’s Fine Foods.
The HOA covers electricity, water, sewer, garbage, roof repair and replacement, exterior painting, common-area maintenance, and yardwork.
Key Highlights
- Two bedrooms and two bathrooms in 1,225 square feet
- Private courtyard and primary suite with walk‑in closet and ensuite bath
- Community pool pavilion with Camelback Mountain views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,288
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,760
$285.8K
Cap Rate 7%
$204,114
$204.1K
Cap Rate 9%
$158,756
$158.8K
Market Conditions
NOI Build-Up for 1,225 SF
Gross rent
$27.6K $22.56/SF
− Vacancy
−$1.7K −$1.35/SF
EGI
$26.0K $21.21/SF
− OpEx
−$11.7K −$9.54/SF
NOI
$14.3K $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%
$285,760
Cap Rate 7%
$204,114
Cap Rate 9%
$158,756
Alternative Uses
Best Use
Apartment 5plus
$204.1K
$178.6K – $238.1K
NOI $14,288 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$371.1K
$324.7K – $432.9K
NOI $25,974 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,163
Businesses Nearby
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Business Placement
Demographics for 85018, AZ
37,944
Population
19,487
Households
1.9
Avg Household Size
40
Median Age
57%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$87,637
Median Household Income
$58,555
Median Earnings
$1,411
Median Rent
$805,800
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Residential income property - The 1,225-square-foot home includes a private courtyard, two full bathrooms, and community pool access.
Where is this residential income property located?
The property is located at 4201 E Camelback Road 79 Phoenix, AZ.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,225 square feet; Private courtyard and primary suite with walk‑in closet and ensuite bath; Community pool pavilion with Camelback Mountain views
