Furnished Rental
New
For Sale
$160,000
4307 N 21st Drive #1, Phoenix, AZ 85015
The residence includes in-unit laundry, a private patio, and parking, with furnishings already in place.
Property Size900 SF
Price / SF$177.78
Days on Market1
Property Features for 4307 N 21st Drive #1
General Information
Standard status
Active
Size
900 SF
Total Parking Spaces
2
Property subtype
Apartment
Site & Location
Neighborhood
Encanto
Highway Access
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$416
Amenities
patio
in-unit laundry
storage
3/4 Bath Master Bdrm
Building Details
Building Size
900 SF
Year Built
1984
Stories
2
Listing Agency:
Barrett Real Estate
(480) 864-2100
Listed By:
Mason Weiss · License #SA697837000
(480) 818-7745
Source:
Jlberrycompany
Added: Oct 29
Last Checked: Oct 29 at 2:35PM
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 Barrett Real Estate
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Investment Insights
Based on property information with market context.
This 900-square-foot condo has two bedrooms, two bathrooms, in-unit laundry, an enclosed back patio, and additional storage. It is offered furnished; nearly all furniture is one year old. The washer and dryer are also one year old, and a refrigerator was installed in 2026. Two parking spaces are included.
The property is in the Glenrosa Estates community at 4307 N 21st Drive in Phoenix. The Camelback corridor, medical facilities including HonorHealth, and freeway access are nearby. The HOA covers sewer, trash, street maintenance, and front yard upkeep.
The property is in the Glenrosa Estates community at 4307 N 21st Drive in Phoenix. The Camelback corridor, medical facilities including HonorHealth, and freeway access are nearby. The HOA covers sewer, trash, street maintenance, and front yard upkeep.
Key Highlights
- 900‑square‑foot condo with two bedrooms and two bathrooms
- Furnished; nearly all furniture is one year old
- Washer and dryer are one year old; refrigerator installed in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,497
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,940
$209.9K
Cap Rate 7%
$149,957
$150.0K
Cap Rate 9%
$116,633
$116.6K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$20.3K $22.56/SF
− Vacancy
−$1.2K −$1.35/SF
EGI
$19.1K $21.21/SF
− OpEx
−$8.6K −$9.54/SF
NOI
$10.5K $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%
$209,940
Cap Rate 7%
$149,957
Cap Rate 9%
$116,633
Alternative Uses
Best Use
Apartment 5plus
$150.0K
$131.2K – $175.0K
NOI $10,497 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$272.6K
$238.5K – $318.1K
NOI $19,083 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Explore this area
Business Placement
Demographics for 85015, AZ
41,436
Population
17,889
Households
2.3
Avg Household Size
33
Median Age
25%
College-Educated
78%
High-School Grad
4.9 sq mi
ZIP Area
8,456
Density / Sq Mi
$52,585
Median Household Income
$36,456
Median Earnings
$1,227
Median Rent
$312,600
Median Home Value
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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?
Short term rental property - The residence includes in-unit laundry, a private patio, and parking, with furnishings already in place.
Where is this short term rental property located?
The property is located at 4307 N 21st Drive #1 Phoenix, AZ.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 900‑square‑foot condo with two bedrooms and two bathrooms; Furnished; nearly all furniture is one year old; Washer and dryer are one year old; refrigerator installed in 2026
