Remodeled Residential Income
For Sale
$105,000
4224 N 12TH Street 209, Phoenix, AZ 85014
One-bedroom condo with updated finishes, central HVAC, in-unit laundry, and covered parking.
Property Size411 SF
Days on Market287
Property Features for 4224 N 12TH Street 209
General Information
Standard status
Active
Size
411 SF
Total Parking Spaces
1
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$233
Amenities
courtyard with BBQ/seating area
in-unit laundry
Building Details
Building Size
411 SF
Year Built
1956
Listing Agency:
SERHANT.
Listed By:
Gracie Kallner
(480) 290-2810
Source:
Alexiabertsatos
Added: Dec 23, 2025
Changed: Sep 22
Last Checked: Oct 5 at 10:02PM
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 SERHANT.
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium was remodeled with contemporary kitchen cabinetry, quartz countertops, stainless steel appliances, wood-look plank flooring, and an updated bathroom. Additional improvements include updated lighting and plumbing fixtures, dual-pane windows, window blinds, and a stackable washer and dryer inside the unit. The living room has vaulted ceilings, while central HVAC provides year-round climate control. All appliances convey with the property.
The unit includes one assigned covered parking space and access to a shared courtyard with grass, barbecue facilities, and seating. HOA services include water, sewer, and trash. The property is located in Phoenix near freeway access, shopping, restaurants, nightlife, and schools. Built in 1956.
The unit includes one assigned covered parking space and access to a shared courtyard with grass, barbecue facilities, and seating. HOA services include water, sewer, and trash. The property is located in Phoenix near freeway access, shopping, restaurants, nightlife, and schools. Built in 1956.
Key Highlights
- One‑bedroom, one‑bath condominium at 4224 N 12TH Street 202, Phoenix, AZ 85014
- Remodeled kitchen with contemporary cabinetry, quartz counters, and stainless appliances
- Central HVAC, vaulted living room ceiling, and dual‑pane windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,794
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$95,880
$95.9K
Cap Rate 7%
$68,486
$68.5K
Cap Rate 9%
$53,267
$53.3K
Market Conditions
NOI Build-Up for 411 SF
Gross rent
$9.3K $22.56/SF
− Vacancy
−$556 −$1.35/SF
EGI
$8.7K $21.21/SF
− OpEx
−$3.9K −$9.54/SF
NOI
$4.8K $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%
$95,880
Cap Rate 7%
$68,486
Cap Rate 9%
$53,267
Alternative Uses
Best Use
Apartment 5plus
$68.5K
$59.9K – $79.9K
NOI $4,794 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$124.5K
$108.9K – $145.3K
NOI $8,715 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,275
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
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condo with updated finishes, central HVAC, in-unit laundry, and covered parking.
Where is this residential income property located?
The property is located at 4224 N 12TH Street 209 Phoenix, AZ.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium at 4224 N 12TH Street 202, Phoenix, AZ 85014; Remodeled kitchen with contemporary cabinetry, quartz counters, and stainless appliances; Central HVAC, vaulted living room ceiling, and dual‑pane windows
