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4-Plex and Back Duplex Property

423 ELM St Page, AZ 86040

Claim this Listing
For Sale
$899,000

MULTI_FAMILY - Page, AZ

Property size:
8,988 SF
Lot size:
0.21 Acres
Price / SF:
$100/SF
Added:
May 23, 2026
Days on Market:
50
Last Refresh:
Jul 10 at 11:06 pm

Property Features for 423 ELM St

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
12
Bathrooms
9
Rooms
Bathroom 6, Bedroom 10, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 8, Bedroom 6, Bedroom 7, Bedroom 12, Bedroom 9, Bathroom 9, Bathroom 3, Bedroom 3, Bathroom 2, Bathroom 8, Bathroom 4, Bathroom 5, Bathroom 7, Bedroom 4, Bedroom 2, Bedroom 11
Interior features
Window Coverings, Flooring- Carpet, Flooring- Vinyl
Appliances
Garbage Disposal, Refrigerator, Water Heater- Electric, Water Heater- Propane, Oven/Range- Electric
Standard status
Active
APN
800-12-019
Size
8,988 SF
Lot size
0.21 Acres

Utilities

Heating system
Baseboard

Building Details

Year built
1972
Floors in Building
2
Number of units
6
Roof type
Shingle
Architectural style
Other

Listing agent Stacy Prince License #BR045230000

Listing office Prince Realty P.O. Box 2330, Page, AZ

Listing date May 23, 2026

MLS# 1606480

Copyright © 2026 Page Lake Powell MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This multi-family property consists of a 4-plex in the front and a separate duplex in the back. The units are two-story configurations, with two bedrooms and a full bath upstairs. Downstairs features a living area and a dining/kitchen area, along with a 1/2 bath. In total, the property includes 12 bedrooms and 6 full baths plus 6 1/2 baths. The units are all-electric and use evaporative cooling. The roof was replaced a few years ago, and water heaters have been replaced throughout. Many units have been remodeled with new flooring and bathrooms.

Parking is available at the front for the 4-plex and in the rear for the duplex.

This is a residential income property zoned for multi-family use.

Key Highlights

  • 4‑plex in front plus separate duplex in back, configured as 2‑story units
  • Total of 12 bedrooms and 6 full baths, plus 6 1/2 baths overall across the units
  • Each unit has 2 bedrooms upstairs with a full bath; downstairs includes living area and dining/kitchen plus a 1/2 bath

Local Financial Insights For Apartment 5plus

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 $145.6k $16.20
− Vacancy −$7.3k −$0.81
EGI $138.3k $15.39
− OpEx −$62.2k −$6.93
NOI $76.1k $8.46
8,988 SF · lease $16.20/SF/yr · vacancy 5.00% · expense 45.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.17M
$1.03M – $1.37M (±1% cap)
NOI $82,049 @ 7.0% cap · market cap 9.13%
Second Best
Apartment 5plus
$1.09M
$951.0K – $1.27M (±1% cap)
NOI $76,079 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$2.48M
$2.17M – $2.90M (±1% cap)
NOI $173,938 @ 7.0% cap · market cap 19.35%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Electrical Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Grocery & Convenience Store (Bike/Boat/Book/etc) Store Catering Service Parking Lot & Garage Computer & Electronic Repair Pet Grooming Service Tanning Salon

Zoning and permitted uses should be independently verified with local authorities.

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.
What are key features of this property?
This property features: 4‑plex in front plus separate duplex in back, configured as 2‑story units; Total of 12 bedrooms and 6 full baths, plus 6 1/2 baths overall across the units; Each unit has 2 bedrooms upstairs with a full bath; downstairs includes living area and dining/kitchen plus a 1/2 bath
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