Two-Bedroom Cooperative
For Sale
$150,000
500 W CLARENDON Avenue D6, Phoenix, AZ 85013
Two-bedroom, two-bath residence in a cooperative-owned community with shared amenities and mature landscaping.
Property Size1,111 SF
Days on Market142
Property Features for 500 W CLARENDON Avenue D6
General Information
Standard status
Active
Size
1,111 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$24,035
Amenities
community clubhouse
pool
community gardens
Building Details
Building Size
1,111 SF
Year Built
1962
Construction
mid-century modern
Listing Agency:
Compass
Listed By:
Cathy Fassero · License #BR539511000
(602) 317-4123
Source:
Alexiabertsatos
Added: May 29
Changed: Oct 10
Last Checked: Oct 16 at 3:10PM
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 Compass
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Investment Insights
Based on property information with market context.
This two-bedroom, two-bath residence is part of a cooperative-owned, mid-century modern community constructed in 1962. The property includes access to shared community features such as a clubhouse, swimming pool, landscaped common areas, and community gardens.
The residence is in central Phoenix, with Downtown Phoenix, museums, dining, entertainment venues, and Phoenix Sky Harbor International Airport located just minutes away. The setting combines a residential community environment with convenient access to the city’s cultural, dining, and transportation destinations.
The residence is in central Phoenix, with Downtown Phoenix, museums, dining, entertainment venues, and Phoenix Sky Harbor International Airport located just minutes away. The setting combines a residential community environment with convenient access to the city’s cultural, dining, and transportation destinations.
Key Highlights
- Two‑bedroom, two‑bath residence
- Cooperative‑owned mid‑century modern community
- Built in 1962
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,958
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,160
$259.2K
Cap Rate 7%
$185,114
$185.1K
Cap Rate 9%
$143,978
$144.0K
Market Conditions
NOI Build-Up for 1,111 SF
Gross rent
$25.1K $22.56/SF
− Vacancy
−$1.5K −$1.35/SF
EGI
$23.6K $21.21/SF
− OpEx
−$10.6K −$9.54/SF
NOI
$13.0K $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%
$259,160
Cap Rate 7%
$185,114
Cap Rate 9%
$143,978
Alternative Uses
Best Use
Apartment 5plus
$185.1K
$162.0K – $216.0K
NOI $12,958 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$336.5K
$294.5K – $392.6K
NOI $23,557 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,318
Businesses Nearby
Explore this area
Business Placement
Demographics for 85013, AZ
21,970
Population
11,618
Households
1.9
Avg Household Size
38
Median Age
47%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
5,938
Density / Sq Mi
$68,895
Median Household Income
$53,067
Median Earnings
$1,435
Median Rent
$476,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, two-bath residence in a cooperative-owned community with shared amenities and mature landscaping.
Where is this residential income property located?
The property is located at 500 W CLARENDON Avenue D6 Phoenix, AZ.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath residence; Cooperative‑owned mid‑century modern community; Built in 1962
