Residential Income Property with
For Sale
$250,000
4615 N 22ND Street 202, Phoenix, AZ 85016
Spanish tile, private laundry, and dedicated storage complement the unit’s open interior.
Property Size871 SF
Days on Market75
Property Features for 4615 N 22ND Street 202
General Information
Standard status
Active
Size
871 SF
Property subtype
Apartment
Site & Location
Neighborhood
Camelback East
Highway Access
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$404
Amenities
pool
landscaped green spaces
in-unit washer/dryer
in-unit storage area
Building Details
Building Size
871 SF
Year Built
1965
Listing Agency:
eXp Realty
Listed By:
Rebecca Medrano
(602) 509-1099
Source:
Alexiabertsatos
Added: Aug 21
Changed: Oct 31
Last Checked: Nov 1 at 3:35PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium was built in 1965 and features an open interior with Spanish tile flooring. The residence includes an in-unit washer and dryer, along with a sizable storage area that can accommodate bicycles, luggage, seasonal belongings, household items, or pantry supplies.
Community amenities include a swimming pool, landscaped outdoor areas, and shared gathering spaces. The property is located at 4615 N 22ND Street 202 in Phoenix, Arizona, near Biltmore Fashion Park, Trader Joe’s, Whole Foods, The Esplanade, restaurants, coffee shops, and other daily services. Access to SR-51 provides a direct commuting connection.
Community amenities include a swimming pool, landscaped outdoor areas, and shared gathering spaces. The property is located at 4615 N 22ND Street 202 in Phoenix, Arizona, near Biltmore Fashion Park, Trader Joe’s, Whole Foods, The Esplanade, restaurants, coffee shops, and other daily services. Access to SR-51 provides a direct commuting connection.
Key Highlights
- One‑bedroom, one‑bath condominium at 4615 N 22ND Street 202 in Phoenix, AZ 85016
- Built in 1965 with an open interior and Spanish tile flooring
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,159
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,180
$203.2K
Cap Rate 7%
$145,129
$145.1K
Cap Rate 9%
$112,878
$112.9K
Market Conditions
NOI Build-Up for 871 SF
Gross rent
$19.6K $22.56/SF
− Vacancy
−$1.2K −$1.35/SF
EGI
$18.5K $21.21/SF
− OpEx
−$8.3K −$9.54/SF
NOI
$10.2K $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%
$203,180
Cap Rate 7%
$145,129
Cap Rate 9%
$112,878
Alternative Uses
Best Use
Apartment 5plus
$145.1K
$127.0K – $169.3K
NOI $10,159 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$263.8K
$230.9K – $307.8K
NOI $18,468 @ 7.0% cap · market cap 7.39%
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
4,092
Businesses Nearby
Explore this area
Business Placement
Demographics for 85016, AZ
37,326
Population
21,363
Households
1.7
Avg Household Size
38
Median Age
50%
College-Educated
94%
High-School Grad
8.2 sq mi
ZIP Area
4,552
Density / Sq Mi
$85,085
Median Household Income
$53,781
Median Earnings
$1,575
Median Rent
$508,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Spanish tile, private laundry, and dedicated storage complement the unit’s open interior.
Where is this residential income property located?
The property is located at 4615 N 22ND Street 202 Phoenix, AZ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium at 4615 N 22ND Street 202 in Phoenix, AZ 85016; Built in 1965 with an open interior and Spanish tile flooring; In‑unit washer and dryer
