Condominium with
For Sale
$409,000
5104 N 32nd St #324, Phoenix, AZ 85018
Community amenities include a pool, jacuzzi, clubhouse, workout area, and two garage parking spaces.
Property Size1,277 SF
Price / SF$320.28
Days on Market11
Property Features for 5104 N 32nd St #324
General Information
Standard status
Active
Size
1,277 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Neighborhood
Camelback East
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Parking per Unit
2
Amenities
grills
pool
jacuzzi
clubhouse
workout area
fireplace
patio
in-unit laundry
Building Details
Year Built
1990
Listing Agency:
Realty One Group
Listed By:
The Carin Nguyen Real Estate Network
(602) 832-7005
Source:
Azhomesold
Added: Oct 19
Changed: Oct 27
Last Checked: Oct 28 at 8:20AM
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 Realty One Group
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Investment Insights
Based on property information with market context.
This 1,277-square-foot condominium was built in 1990 and has two bedrooms and two full bathrooms. Tile flooring and neutral paint extend through the unit. The kitchen includes a stainless steel refrigerator and a walk-in pantry that also serves as the in-unit laundry area; the washer and dryer are included. A fireplace anchors the family room, which opens to a patio overlooking the courtyard. The primary bedroom has a walk-in closet, and the second bedroom also connects to the patio.
Residents have access to a pool, jacuzzi, grills, clubhouse, and workout area. The unit includes two garage parking spaces. A gate provides access to the adjacent shopping center, which has dining and retail options.
Residents have access to a pool, jacuzzi, grills, clubhouse, and workout area. The unit includes two garage parking spaces. A gate provides access to the adjacent shopping center, which has dining and retail options.
Key Highlights
- 1,277‑square‑foot condominium with two bedrooms and two full bathrooms
- Built in 1990
- Patio overlooking the courtyard, with access from the family room and second bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,894
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,880
$297.9K
Cap Rate 7%
$212,771
$212.8K
Cap Rate 9%
$165,489
$165.5K
Market Conditions
NOI Build-Up for 1,277 SF
Gross rent
$28.8K $22.56/SF
− Vacancy
−$1.7K −$1.35/SF
EGI
$27.1K $21.21/SF
− OpEx
−$12.2K −$9.54/SF
NOI
$14.9K $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%
$297,880
Cap Rate 7%
$212,771
Cap Rate 9%
$165,489
Alternative Uses
Best Use
Apartment 5plus
$212.8K
$186.2K – $248.2K
NOI $14,894 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$386.8K
$338.5K – $451.3K
NOI $27,077 @ 7.0% cap · market cap 6.62%
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
1,591
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 - Community amenities include a pool, jacuzzi, clubhouse, workout area, and two garage parking spaces.
Where is this residential income property located?
The property is located at 5104 N 32nd St #324 Phoenix, AZ.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: 1,277‑square‑foot condominium with two bedrooms and two full bathrooms; Built in 1990; Patio overlooking the courtyard, with access from the family room and second bedroom
