Remodeled First-Floor Residential Income
4610 N 68TH Street 407, Scottsdale, AZ 85251
For Sale
$239,900
Furnished condo with updated interiors, a patio, and access to multiple community amenities.
Property Size702 SF
Days on Market116
Property Features for 4610 N 68TH Street 407
General Information
Standard status
Size
Property subtype
Additional Details
Furnished
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pool
bbq area
shuffleboard
laundry facilities
patio
Building Details
Building Size
Year Built
Listing Agency:
Realty ONE Group
Listed By:
Celeste LaRocque-Wolfe · License AZ SA637877000
(480) 717-7204
Source:
Alexiabertsatos
Added: Jul 22
Changed: Oct 31
Last Checked: Nov 12 at 5:55PM
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 Realty ONE Group
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Investment Insights
Based on property information with market context.
This first-floor condominium offers a remodeled kitchen and bathroom, new flooring throughout, and interior paint completed in June '25. The sale includes the furniture and kitchen items, while a quiet patio overlooks a large green area. The residence is positioned near one of the community pools and laundry facilities, supporting convenient everyday use and furnished occupancy.
Community amenities include 4 pools, BBQ areas, shuffleboard, landscaped grounds, and laundry facilities. The property also includes assigned covered parking and additional guest parking. Its location is across the street from Fashion Square Mall and near Old Town Scottsdale, with dining, shopping, and entertainment in the surrounding area. The property was built in 1974 and is identified for residential income and short-term rental use.
Community amenities include 4 pools, BBQ areas, shuffleboard, landscaped grounds, and laundry facilities. The property also includes assigned covered parking and additional guest parking. Its location is across the street from Fashion Square Mall and near Old Town Scottsdale, with dining, shopping, and entertainment in the surrounding area. The property was built in 1974 and is identified for residential income and short-term rental use.
Key Highlights
- Remodeled kitchen, bathroom, and flooring throughout
- Interior painted in June '25
- Furniture and kitchen items convey
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,123
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,460
$162.5K
Cap Rate 7%
$116,043
$116.0K
Cap Rate 9%
$90,256
$90.3K
Market Conditions
NOI Build-Up for 702 SF
Gross rent
$15.4K $21.96/SF
− Vacancy
−$647 −$0.92/SF
EGI
$14.8K $21.04/SF
− OpEx
−$6.6K −$9.47/SF
NOI
$8.1K $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 Rate 5%
$162,460
Cap Rate 7%
$116,043
Cap Rate 9%
$90,256
Alternative Uses
Best Use
Apartment 5plus
$116.0K
$101.5K – $135.4K
NOI $8,123 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$230.4K
$201.6K – $268.9K
NOI $16,131 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,396
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Residential income properties in Scottsdale
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Residential income property - Furnished condo with updated interiors, a patio, and access to multiple community amenities.
Where is this residential income property located?
The property is located at 4610 N 68TH Street 407 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Remodeled kitchen, bathroom, and flooring throughout; Interior painted in June '25; Furniture and kitchen items convey
