Building Details

Year Built 1984

Listing Agency: Vantage Advisors LLC

Listed By: Cook & Associates Real Estate Advisors Show Phone

Source: Viewarizonahomesforsale

Added: Oct 14 Changed: Oct 16 Last Checked: Oct 16 at 8:33AM

Report an Issue

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 Vantage Advisors LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 815-square-foot ground-floor condominium at Orangewood Grove has an open living area and kitchen with a pass-through breakfast bar, wood cabinetry, and appliances. Tile covers the main living spaces. The primary bedroom includes a walk-in closet, an en-suite bath, and sliding-door access to a private patio. A second bedroom has wood-look flooring and access to another full bath. Built-in hallway shelving and a dedicated laundry room with hookups add practical storage and utility.

Outdoor features include a covered patio and private side yard. The condominium was built in 1984 and is located at 4828 W Orangewood Ave in Glendale, Arizona.

Key Highlights

• 815‑square‑foot ground‑floor condominium
• Two bedrooms and two full baths
• Primary suite with walk‑in closet, en‑suite bath, and private patio access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,298

Cap Rate

5.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$165,960 $166.0K

Cap Rate 7%

$118,543 $118.5K

Cap Rate 9%

$92,200 $92.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 815 SF

Gross rent

$16.1K $19.80/SF

− Vacancy

−$1.0K −$1.29/SF

EGI

$15.1K $18.51/SF

− OpEx

−$6.8K −$8.33/SF

NOI

$8.3K $10.18/SF

Area

Glendale, AZ

Vacancy

6.50%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$165,960

Cap Rate 7%

$118,543

Cap Rate 9%

$92,200

Alternative Uses

Best Use

Apartment 5plus

$118.5K

$103.7K – $138.3K (±1% cap)

NOI $8,298 @ 7.0% cap · market cap 5.19%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$256.0K

$224.0K – $298.7K (±1% cap)

NOI $17,920 @ 7.0% cap · market cap 11.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Orangewood Grove Condo Condominium Complex

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service Parking Lot & Garage Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

764

Businesses Nearby

Explore this area Business Placement

Demographics for 85301, AZ

67,380

Population

24,019

Households

2.8

Avg Household Size

30

Median Age

11%

College-Educated

71%

High-School Grad

9.3 sq mi

ZIP Area

7,245

Density / Sq Mi

$47,422

Median Household Income

$33,727

Median Earnings

$1,189

Median Rent

$218,100

Median Home Value

Similar For Sale Nearby

See more

Two-Bedroom Residential Income Property

5236 W Peoria Ave #239, Glendale, AZ 85302

$178,000

891 SF

View details

Two-Bedroom Residential Condo

9423 N 59th Ave #135, Glendale, AZ 85302

$214,900

1,105 SF

View details

Residential Income Property with Garage

7401 W Arrowhead Clubhouse Dr #2046, Glendale, AZ 85308

$314,900

1,217 SF

View details

Remodeled Duplex with Updated Interiors

5959 W GARDENIA Avenue, Glendale, AZ 85301

$399,999

View details

Eight-Unit Apartment Property

6306 W MARYLAND Avenue, Glendale, AZ 85301

$1,100,000

View details

Three-Unit Triplex Property

6414 N 65TH Drive, Glendale, AZ 85301

$485,000

View details

Studio Apartment Building

5911 W LAMAR Road, Glendale, AZ 85301

$529,000

View details

Studio Multifamily Property with Courtyards

1-5911 W Lamar Rd, Glendale, AZ 85301

$529,000

View details

Renovated Triplex with Separate Casitas

6706 North 55th Avenue, Glendale, AZ 85301

$550,000

View details

Four-Unit Residential Property

7143 N 66TH Drive, Glendale, AZ 85301

$600,000

View details

Glendale Triplex with In-Unit Laundry

7031 N 80TH Avenue, Glendale, AZ 85303

$620,000

View details

4-Unit Upgraded Quadplex

7155 N 66TH Drive, Glendale, AZ 85301

$660,000

0.16 Acres

View details

Frequently Asked Questions

What type of property is this?

Residential income property - Two bedrooms, two full baths, a private patio, and a separate laundry room with hookups support everyday living.

Where is this residential income property located?

The property is located at 4828 W Orangewood Ave #105 Glendale, AZ.

What is the asking price?

The asking price for this property is $159,900.

What are key features of this property?

This property features: 815‑square‑foot ground‑floor condominium; Two bedrooms and two full baths; Primary suite with walk‑in closet, en‑suite bath, and private patio access