Renovated Residential Income
For Sale
$379,000
4848 N 36th St #130, Phoenix, AZ 85018
Two-bedroom unit with private balcony, updated kitchen, in-unit laundry, and access to community pool and spa.
Property Size1,025 SF
Price / SF$369.76
Days on Market78
Property Features for 4848 N 36th St #130
General Information
Standard status
Active
Size
1,025 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Camelback East
Additional Details
Multifamily Units
1
Amenities
gated community
in-unit laundry
private balcony
fireplace
pool
spa
clubhouse
built-in BBQ
Building Details
Year Built
1994
Listing Agency:
Exp Realty
(888) 897-7821
Listed By:
Jeremy Jennings · License #SA684096000
(623) 986-6650
Source:
Theazliving
Added: Aug 17
Changed: Nov 1
Last Checked: Nov 1 at 5:30AM
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.
Unit 207 at the gated Pavilions at Camelback community was renovated with an open living area, vaulted ceilings, fireplace, light oak flooring, and abundant natural light. The kitchen includes custom cabinetry, quartz countertops, built-in appliances, pantry storage, breakfast bar, and a separate coffee and bar area. The primary bedroom features dual sinks and a walk-in closet, while the second bedroom can serve as a guest room or office. An in-unit laundry room and private balcony with mountain views complete the interior offering.
Community amenities include a pool, spa, clubhouse, and built-in BBQ. The property is located at 36th Street and Camelback, near dining and shopping. Built in 1994.
Community amenities include a pool, spa, clubhouse, and built-in BBQ. The property is located at 36th Street and Camelback, near dining and shopping. Built in 1994.
Key Highlights
- Renovated two‑bedroom unit in the gated Pavilions at Camelback community
- Open great room with vaulted ceilings, fireplace, light oak flooring, and natural light
- Kitchen with quartz counters, custom cabinetry, built‑in appliances, pantry, and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,955
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,100
$239.1K
Cap Rate 7%
$170,786
$170.8K
Cap Rate 9%
$132,833
$132.8K
Market Conditions
NOI Build-Up for 1,025 SF
Gross rent
$23.1K $22.56/SF
− Vacancy
−$1.4K −$1.35/SF
EGI
$21.7K $21.21/SF
− OpEx
−$9.8K −$9.54/SF
NOI
$12.0K $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%
$239,100
Cap Rate 7%
$170,786
Cap Rate 9%
$132,833
Alternative Uses
Best Use
Apartment 5plus
$170.8K
$149.4K – $199.3K
NOI $11,955 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$310.5K
$271.7K – $362.2K
NOI $21,734 @ 7.0% cap · market cap 5.73%
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
2,063
Businesses Nearby
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Business Placement
Demographics for 85018, AZ
37,944
Population
19,487
Households
1.9
Avg Household Size
40
Median Age
57%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$87,637
Median Household Income
$58,555
Median Earnings
$1,411
Median Rent
$805,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom unit with private balcony, updated kitchen, in-unit laundry, and access to community pool and spa.
Where is this residential income property located?
The property is located at 4848 N 36th St #130 Phoenix, AZ.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Renovated two‑bedroom unit in the gated Pavilions at Camelback community; Open great room with vaulted ceilings, fireplace, light oak flooring, and natural light; Kitchen with quartz counters, custom cabinetry, built‑in appliances, pantry, and breakfast bar
