Remodeled Residential Income
For Sale
$270,000
4610 N 68TH Street #414, Scottsdale, AZ 85251
A two-bedroom townhome features refreshed interiors, an open layout, and a private patio entrance.
Property Size1,020 SF
Price / SF$264.71
Days on Market36
Property Features for 4610 N 68TH Street #414
General Information
Standard status
Active
Size
1,020 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
private patio entry
Building Details
Year Built
1974
Listing Agency:
Berkshire Hathaway Homeservices Arizona Properties
Listed By:
Kathryn Thomas
(480) 505-6300
Source:
Kathrynthomas
Added: Sep 25
Changed: Oct 28
Last Checked: Oct 28 at 3:44PM
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 Berkshire Hathaway Homeservices Arizona Properties
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Investment Insights
Based on property information with market context.
This 1,020-square-foot townhome has two bedrooms and one and a half bathrooms. Built in 1974, the residence has remodeled bathrooms, updated flooring and fixtures, fresh interior paint, and a newer kitchen with generous cabinetry and work space. An open floor plan and storage throughout round out the interior configuration.
A private patio entry provides an outdoor feature, and the property has a 2026 HVAC system.
A private patio entry provides an outdoor feature, and the property has a 2026 HVAC system.
Key Highlights
- Two bedrooms and 1.5 bathrooms
- 1,020 square feet
- 2026 HVAC system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,802
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,040
$236.0K
Cap Rate 7%
$168,600
$168.6K
Cap Rate 9%
$131,133
$131.1K
Market Conditions
NOI Build-Up for 1,020 SF
Gross rent
$22.4K $21.96/SF
− Vacancy
−$941 −$0.92/SF
EGI
$21.5K $21.04/SF
− OpEx
−$9.7K −$9.47/SF
NOI
$11.8K $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%
$236,040
Cap Rate 7%
$168,600
Cap Rate 9%
$131,133
Alternative Uses
Best Use
Apartment 5plus
$168.6K
$147.5K – $196.7K
NOI $11,802 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$334.8K
$293.0K – $390.7K
NOI $23,439 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
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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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom townhome features refreshed interiors, an open layout, and a private patio entrance.
Where is this residential income property located?
The property is located at 4610 N 68TH Street #414 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Two bedrooms and 1.5 bathrooms; 1,020 square feet; 2026 HVAC system
