Stabilized Multifamily for
For Sale
$500,000
474 North Ironwood Drive, Apache Junction, AZ 85120
South parcel multifamily offering described as stabilized, with recent improvements and a rent roll positioned for upward adjustment.
Property SizeContact for details
Days on Market119
Property Features for 474 North Ironwood Drive
General Information
Standard status
Active
Property subtype
Multiple Dwellings
Zoning
GR
Net Operating Income
$73,300
Taxes and HOA fees
Annual Taxes
$1,564
Amenities
Evaporative Cooling, Other, Window/Wall Unit, Electric, Heat Pump, Individual
Forced Air, Electric
Carpet, Ceramic Tile, Concrete
Yes
Other
Other, See Remarks, No Pool
4
7
Wood Frame, Painted, Block
Building Details
Year Built
1950
Listing Agency:
Orchard Brokerage
(602) 435-6708
Listed By:
Eric Williamson · License #SA579896000
(602) 435-6708
Source:
Compass
Added: Apr 16
Changed: Aug 8
Last Checked: Jul 21 at 10:21PM
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 Orchard Brokerage
Investment Insights
Based on property information with market context.
This offering represents the south parcel only of a multifamily property, as noted in the seller’s remarks, with the full asset referenced separately in MLS listing 6991518. The property is described as stabilized, with consistent occupancy and a rent roll that is positioned for upward adjustment.
The seller also notes recent improvements intended to support long-term durability and reduce operational volatility. Current rents are described as remaining below market for the submarket, with the opportunity for improved cash flow through renewal increases or light-touch repositioning. The location is described as providing durable tenant demand, with proximity to retail and schools referenced in the remarks.
The address for this listing is 474 North Ironwood Drive, Apache Junction, AZ 85120.
The seller also notes recent improvements intended to support long-term durability and reduce operational volatility. Current rents are described as remaining below market for the submarket, with the opportunity for improved cash flow through renewal increases or light-touch repositioning. The location is described as providing durable tenant demand, with proximity to retail and schools referenced in the remarks.
The address for this listing is 474 North Ironwood Drive, Apache Junction, AZ 85120.
Key Highlights
- South parcel multifamily offering (see MLS listing for both parcels)
- 4 buildings with 7 total units
- Year built 1950
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Explore this area
Business Placement
Demographics for 85120, AZ
30,605
Population
17,430
Households
1.8
Avg Household Size
54
Median Age
14%
College-Educated
87%
High-School Grad
23.1 sq mi
ZIP Area
1,325
Density / Sq Mi
$53,921
Median Household Income
$35,155
Median Earnings
$958
Median Rent
$162,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - South parcel multifamily offering described as stabilized, with recent improvements and a rent roll positioned for upward adjustment.
Where is this multifamily property located?
The property is located at 474 North Ironwood Drive Apache Junction, AZ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: South parcel multifamily offering (see MLS listing for both parcels); 4 buildings with 7 total units; Year built 1950
