One-Bedroom Income
For Sale
$324,900
5104 N 32ND Street 454, Phoenix, AZ 85018
Gated community residence with a gas fireplace, in-unit laundry, underground parking, and access to extensive shared amenities.
Property Size1,069 SF
Days on Market171
Property Features for 5104 N 32ND Street 454
General Information
Standard status
Active
Size
1,069 SF
Property subtype
Apartment
Site & Location
Neighborhood
Camelback East
Taxes and HOA fees
Annual Taxes
$2,145
Building Details
Building Size
1,069 SF
Year Built
1990
Listing Agency:
HomeSmart
Listed By:
Melissa Feldbaumer
(480) 440-3981
Source:
Alexiabertsatos
Added: May 17
Changed: Nov 2
Last Checked: Nov 3 at 11:48AM
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 HomeSmart
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Investment Insights
Based on property information with market context.
This 1 bedroom/1 bath residential income property was built in 1990 and includes a gas fireplace, recessed lighting, kitchen appliances, a washer/dryer, and a double-sink bathroom. The residence also has views toward Camelback Mountain and underground parking.
Community amenities include gated entry, a swimming pool, sauna, jacuzzi, exercise facility, and recreation room. The property is within walking distance of Biltmore golf course, restaurants, a bank, and a grocery store, with access to the Biltmore shopping area, Old Town Scottsdale, Phoenix, SR 51, the 202 Freeway, and Sky Harbor airport.
Community amenities include gated entry, a swimming pool, sauna, jacuzzi, exercise facility, and recreation room. The property is within walking distance of Biltmore golf course, restaurants, a bank, and a grocery store, with access to the Biltmore shopping area, Old Town Scottsdale, Phoenix, SR 51, the 202 Freeway, and Sky Harbor airport.
Key Highlights
- 1 bedroom/1 bath residence with gas fireplace and recessed lighting
- Kitchen appliances, washer/dryer, and double‑sink bathroom included
- Camelback Mountain views and underground parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,468
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,360
$249.4K
Cap Rate 7%
$178,114
$178.1K
Cap Rate 9%
$138,533
$138.5K
Market Conditions
NOI Build-Up for 1,069 SF
Gross rent
$24.1K $22.56/SF
− Vacancy
−$1.4K −$1.35/SF
EGI
$22.7K $21.21/SF
− OpEx
−$10.2K −$9.54/SF
NOI
$12.5K $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%
$249,360
Cap Rate 7%
$178,114
Cap Rate 9%
$138,533
Alternative Uses
Best Use
Apartment 5plus
$178.1K
$155.9K – $207.8K
NOI $12,468 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$323.8K
$283.3K – $377.8K
NOI $22,667 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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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 - Gated community residence with a gas fireplace, in-unit laundry, underground parking, and access to extensive shared amenities.
Where is this residential income property located?
The property is located at 5104 N 32ND Street 454 Phoenix, AZ.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 1 bedroom/1 bath residence with gas fireplace and recessed lighting; Kitchen appliances, washer/dryer, and double‑sink bathroom included; Camelback Mountain views and underground parking
