Two-Bedroom Residential Income
New
For Sale
$350,000
4203 N 36th Street 4, Phoenix, AZ 85018
The condo pairs a refreshed interior with a private back patio and an eat-in kitchen with a walk-in pantry.
Property Size876 SF
Days on Market5
Property Features for 4203 N 36th Street 4
General Information
Standard status
Active
Size
876 SF
Property subtype
Apartment
Site & Location
Neighborhood
Camelback East
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$864
Building Details
Building Size
876 SF
Year Built
1963
Listing Agency:
The Brokery
Listed By:
Breena Westfall
(480) 266-8313
Source:
Alexiabertsatos
Added: Oct 30
Changed: Nov 3
Last Checked: Nov 1 at 3:52PM
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 The Brokery
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1963, this two-bedroom, two-bath condo has a great-room layout, an eat-in kitchen with granite countertops, updated cabinetry and a walk-in pantry. Refreshed bathrooms, new interior paint, a front porch and a private back patio complete the residence.
LGO, Postino, Ingo's and ChopShop are nearby in the Arcadia Lite area of Phoenix.
LGO, Postino, Ingo's and ChopShop are nearby in the Arcadia Lite area of Phoenix.
Key Highlights
- Two bedrooms and two bathrooms
- Built in 1963
- Eat‑in kitchen with granite countertops, updated cabinetry and a walk‑in pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,217
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,340
$204.3K
Cap Rate 7%
$145,957
$146.0K
Cap Rate 9%
$113,522
$113.5K
Market Conditions
NOI Build-Up for 876 SF
Gross rent
$19.8K $22.56/SF
− Vacancy
−$1.2K −$1.35/SF
EGI
$18.6K $21.21/SF
− OpEx
−$8.4K −$9.54/SF
NOI
$10.2K $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%
$204,340
Cap Rate 7%
$145,957
Cap Rate 9%
$113,522
Alternative Uses
Best Use
Apartment 5plus
$146.0K
$127.7K – $170.3K
NOI $10,217 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$265.3K
$232.2K – $309.6K
NOI $18,574 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - The condo pairs a refreshed interior with a private back patio and an eat-in kitchen with a walk-in pantry.
Where is this residential income property located?
The property is located at 4203 N 36th Street 4 Phoenix, AZ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; Built in 1963; Eat‑in kitchen with granite countertops, updated cabinetry and a walk‑in pantry
