Two-Unit
For Sale
$225,000
423 W Gilmore Street, Winslow, AZ 86047
Both residences have two bedrooms and one bathroom and are currently tenant-occupied.
Property Size1,634 SF
Lot Size0.16 Acres
Price / SF$137.70
Days on Market129
Property Features for 423 W Gilmore Street
General Information
Standard status
Active
Size
1,634 SF
Lot size
0.16 Acres
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$679
Building Details
Building Size
1,634 SF
Year Built
1935
Units
2
Listing Agency:
Highland Meadows Real Estate
Listed By:
Danielle Worthington · License #BR526281000
(928) 635-0376
Source:
Highlandmeadowsrealestate
Added: Jun 19
Changed: Oct 24
Last Checked: Oct 24 at 2:38PM
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 Highland Meadows Real Estate
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Investment Insights
Based on property information with market context.
This duplex contains two separate residences, each configured with two bedrooms and one bathroom. The units together provide 1,634 square feet of building area on a 0.16-acre parcel. Built in 1935, the property is currently occupied by tenants in both units.
The property is located in Winslow, Arizona, at 423 W Gilmore Street.
The property is located in Winslow, Arizona, at 423 W Gilmore Street.
Key Highlights
- Two separate 2‑bedroom, 1‑bathroom units
- 1,634 square feet of combined building area
- 0.16‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,936
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,720
$258.7K
Cap Rate 7%
$184,800
$184.8K
Cap Rate 9%
$143,733
$143.7K
Market Conditions
NOI Build-Up for 1,634 SF
Gross rent
$20.0K $12.24/SF
− Vacancy
−$1.5K −$0.93/SF
EGI
$18.5K $11.31/SF
− OpEx
−$5.5K −$3.39/SF
NOI
$12.9K $7.92/SF
Area
Navajo County, AZ
Vacancy
7.60%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,720
Cap Rate 7%
$184,800
Cap Rate 9%
$143,733
Alternative Uses
Best Use
Multifamily LT 5
$184.8K
$161.7K – $215.6K
NOI $12,936 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$164.4K
$143.9K – $191.8K
NOI $11,509 @ 7.0% cap · market cap 5.12%
Theoretical Best
Specialty Retail
$444.0K
$388.5K – $518.0K
NOI $31,082 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Explore this area
Business Placement
Demographics for 86047, AZ
14,168
Population
4,932
Households
2.9
Avg Household Size
36
Median Age
8%
College-Educated
81%
High-School Grad
1,676.3 sq mi
ZIP Area
8
Density / Sq Mi
$50,062
Median Household Income
$29,846
Median Earnings
$875
Median Rent
$113,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms and one bathroom and are currently tenant-occupied.
Where is this duplex located?
The property is located at 423 W Gilmore Street Winslow, AZ.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two separate 2‑bedroom, 1‑bathroom units; 1,634 square feet of combined building area; 0.16‑acre lot
