New-Construction Duplex with
5022 South 35th Avenue Phoenix, AZ 85041
5022 South 35th Avenue, Phoenix, AZ, 85041
$799,999
For Sale
$799,999
Built in 2024, the duplex offers two modern units with 4 and 3 bedrooms and multiple garages for each household.
Property Size4,590 SF
Lot Size0.15 Acres
Price / SF$174.29
Days on Market255
Property Features for 5022 South 35th Avenue
General Information
- Standard status
- Active
- Size
- 4,590 SF
- Lot size
- 0.15 Acres
- Property subtype
- Multiple Dwellings
Building Details
- Year Built
- 2023
Listing agency
ARIZONA RESOURCE REALTY
(928) 474-2550
Listed by
Tamra Lee Ulmer · License #BR518926000
(928) 474-2550
Source
Compass
Added: Nov 9, 2025 Updated: Jul 21 at 9:05PM Checked: Jul 21 at 9:05PM
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 ARIZONA RESOURCE REALTY
Investment Insights
Based on property information with market context.
New-construction duplex built in 2024 featuring two contemporary two-story residences. Unit 1 offers 4 bedrooms and 3 bathrooms, while Unit 2 offers 3 bedrooms and 3 bathrooms. Both units include open layouts and premium finishes, with upgraded lighting and a modern build designed for long-term durability.
The property is located at 5022 South 35th Avenue in Phoenix, AZ 85041. Parking is a standout feature, with 3 garages plus additional private parking to support secure, convenient access for each household.
Additional site features include a full perimeter security camera setup. With a combined 4,590 square feet of living space and a 6,637 square-foot lot, the duplex presents a turnkey configuration well-suited for owner-occupants, multi-generational living, or investors seeking rental performance. Owner-occupants are welcome; required notice timelines are available upon request.
The property is located at 5022 South 35th Avenue in Phoenix, AZ 85041. Parking is a standout feature, with 3 garages plus additional private parking to support secure, convenient access for each household.
Additional site features include a full perimeter security camera setup. With a combined 4,590 square feet of living space and a 6,637 square-foot lot, the duplex presents a turnkey configuration well-suited for owner-occupants, multi-generational living, or investors seeking rental performance. Owner-occupants are welcome; required notice timelines are available upon request.
Key Highlights
- Duplex with 2 units in 1 building
- Unit 1: 4 bedrooms and 3 bathrooms; Unit 2: 3 bedrooms and 3 bathrooms
- Combined 4,590 sq. ft. living space; contemporary two‑story design
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.9k | $17.40 |
| − Vacancy | −$5.2k | −$1.13 |
| EGI | $74.7k | $16.27 |
| − OpEx | −$22.4k | −$4.88 |
| NOI | $52.3k | $11.39 |
4,590 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$746.7K
$653.4K – $871.2K
NOI $52,272 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$665.5K
$582.3K – $776.4K
NOI $46,586 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,121 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Built in 2024, the duplex offers two modern units with 4 and 3 bedrooms and multiple garages for each household.
Where is this duplex located?
The property is located at 5022 South 35th Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Duplex with 2 units in 1 building; Unit 1: 4 bedrooms and 3 bathrooms; Unit 2: 3 bedrooms and 3 bathrooms; Combined 4,590 sq. ft. living space; contemporary two‑story design
