For Sale
$899,000
423 Elm St, Page, AZ 86040
A multi-family property featuring a 4-plex and a separate duplex with all-electric systems and updated units.
Property Size8,988 SF
Lot Size0.21 Acres
Price / SF$100.02
Days on Market154
Property Features for 423 Elm St
General Information
Standard status
Active
Property type
Duplexes, Multifamily properties, Residential income properties, Quadplexes
Size
8,988 SF
Lot size
0.21 Acres
Building Details
Year Built
1972
Added: May 23
Changed: Jul 22
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,049
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,640,980
$1.6M
Cap Rate 7%
$1,172,129
$1.2M
Cap Rate 9%
$911,656
$911.7K
Market Conditions
NOI Build-Up for 8,988 SF
Gross rent
$124.0K $13.80/SF
− Vacancy
−$6.8K −$0.76/SF
EGI
$117.2K $13.04/SF
− OpEx
−$35.2K −$3.91/SF
NOI
$82.0K $9.13/SF
Area
Coconino County, AZ
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,640,980
Cap Rate 7%
$1,172,129
Cap Rate 9%
$911,656
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.03M – $1.37M
NOI $82,049 @ 7.0% cap · market cap 9.13%
Second Best
Apartment 5plus
$1.09M
$951.0K – $1.27M
NOI $76,079 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$2.48M
$2.17M – $2.90M
NOI $173,938 @ 7.0% cap · market cap 19.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
Business Placement
Demographics for 86040, AZ
10,179
Population
4,801
Households
2.1
Avg Household Size
34
Median Age
24%
College-Educated
90%
High-School Grad
887.9 sq mi
ZIP Area
11
Density / Sq Mi
$82,544
Median Household Income
$47,070
Median Earnings
$1,009
Median Rent
$124,600
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
Frequently Asked Questions
What type of property is this?
Duplex - A multi-family property featuring a 4-plex and a separate duplex with all-electric systems and updated units.
Where is this duplex located?
The property is located at 423 Elm St Page, AZ.
What is the asking price?
The asking price for this property is $899,000.
