Upgraded End-Unit Residential
For Sale
$229,500
4354 N 82ND Street 118, Scottsdale, AZ 85251
Ground-level one-bedroom residence with refreshed finishes, private patio, and access to resort-style community amenities.
Property Size790 SF
Days on Market57
Property Features for 4354 N 82ND Street 118
General Information
Standard status
Active
Size
790 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$425
Amenities
heated pool & spa
gas grills
laundry room
fitness center
Building Details
Building Size
790 SF
Year Built
1978
Listing Agency:
HomeSmart
Listed By:
Jesse Slattery
(480) 330-0123
Source:
Alexiabertsatos
Added: Jul 17
Changed: Sep 9
Last Checked: Sep 10 at 6:32AM
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 HomeSmart
Investment Insights
Based on property information with market context.
This ground-level, end-unit residential income property includes one bedroom, a walk-in closet, and a private paver patio. Interior updates include stainless steel appliances, quartz countertops, refreshed paint and lighting, custom tilework in the walk-in shower, tile and wood flooring, upgraded Low-E windows and slider, and new bedroom carpet. The entry is positioned back from the main walkway for added privacy.
Scottsdale Park Place provides a heated pool and spa, gas grills, a laundry room, and a fitness center. The property is near parks, biking trails, shopping, and Old Town Scottsdale entertainment. The residence is described as suitable for use as a primary residence, vacation unit, or rental.
Scottsdale Park Place provides a heated pool and spa, gas grills, a laundry room, and a fitness center. The property is near parks, biking trails, shopping, and Old Town Scottsdale entertainment. The residence is described as suitable for use as a primary residence, vacation unit, or rental.
Key Highlights
- Ground‑level end unit with one bedroom and a walk‑in closet
- Updated kitchen with stainless appliances and quartz countertops
- Custom tile walk‑in shower and mixed tile, wood, and carpet flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,141
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$182,820
$182.8K
Cap Rate 7%
$130,586
$130.6K
Cap Rate 9%
$101,567
$101.6K
Market Conditions
NOI Build-Up for 790 SF
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.
Gross rent
$17.3K $21.96/SF
− Vacancy
−$729 −$0.92/SF
EGI
$16.6K $21.04/SF
− OpEx
−$7.5K −$9.47/SF
NOI
$9.1K $11.57/SF
Area
Scottsdale, AZ
Vacancy
4.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$182,820
Cap Rate 7%
$130,586
Cap Rate 9%
$101,567
Alternative Uses
Best Use
Apartment 5plus
$130.6K
$114.3K – $152.4K
NOI $9,141 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$259.3K
$226.9K – $302.6K
NOI $18,153 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
Explore this area
Business Placement
Demographics for 85251, AZ
40,073
Population
26,456
Households
1.5
Avg Household Size
39
Median Age
60%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
5,566
Density / Sq Mi
$89,151
Median Household Income
$60,282
Median Earnings
$1,771
Median Rent
$500,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Ground-level one-bedroom residence with refreshed finishes, private patio, and access to resort-style community amenities.
Where is this residential income property located?
The property is located at 4354 N 82ND Street 118 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $229,500.
What are key features of this property?
This property features: Ground‑level end unit with one bedroom and a walk‑in closet; Updated kitchen with stainless appliances and quartz countertops; Custom tile walk‑in shower and mixed tile, wood, and carpet flooring
