423 Elm St Page, AZ 86040
423 Elm St, Page, AZ, 86040
$899,000
For Sale
$899,000
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 Market61
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
Listing agency
Added: May 23 Updated: Jul 22 at 1:47PM
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.0k | $13.80 |
| − Vacancy | −$6.8k | −$0.76 |
| EGI | $117.2k | $13.04 |
| − OpEx | −$35.2k | −$3.91 |
| NOI | $82.0k | $9.13 |
8,988 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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.
