End-Unit Residential Income
For Sale
$300,000
5104 N 32ND Street #218, Phoenix, AZ 85018
Two bedrooms, an enclosed patio, and gated community amenities complement this lock-and-leave condominium.
Property Size1,248 SF
Days on Market370
Property Features for 5104 N 32ND Street #218
General Information
Standard status
Active
Size
1,248 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
heated pool
spa
fitness center
secure gated entry
gas fireplace
private patio
pedestrian gate
Building Details
Building Size
1,248 SF
Year Built
1990
Stories
4
Listing Agency:
Compass
Listed By:
Kerry Tishuck
(480) 231-6254
Source:
Southquest.kw
Added: Oct 3, 2025
Changed: Oct 3
Last Checked: Oct 5 at 3:32PM
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
Investment Insights
Based on property information with market context.
This 1990 end-unit condominium has two bedrooms, an open floor plan, and only one shared wall. Interior features include hard-surface flooring, soft-close shaker cabinetry, leathered granite counters, black stainless-steel appliances, an induction range, and a gas fireplace. The second bedroom can also serve as an office, den, or fitness room. The private patio and second bedroom have views of Piestewa Peak; Camelback Mountain is visible from the front door. One assigned underground parking space is near the elevator, with a second space available. Furniture may be available separately.
The gated community offers a heated pool, spa, and fitness center. A pedestrian gate connects to the Arizona Biltmore area, with shopping, restaurants, golf, and entertainment. SR-51, Sky Harbor Airport, Camelback Mountain, and the Phoenix Mountain Preserve are also nearby.
The gated community offers a heated pool, spa, and fitness center. A pedestrian gate connects to the Arizona Biltmore area, with shopping, restaurants, golf, and entertainment. SR-51, Sky Harbor Airport, Camelback Mountain, and the Phoenix Mountain Preserve are also nearby.
Key Highlights
- Two‑bedroom end unit with only one shared wall
- Built in 1990
- Assigned underground parking near the elevator; second space available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,556
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,120
$291.1K
Cap Rate 7%
$207,943
$207.9K
Cap Rate 9%
$161,733
$161.7K
Market Conditions
NOI Build-Up for 1,248 SF
Gross rent
$28.2K $22.56/SF
− Vacancy
−$1.7K −$1.35/SF
EGI
$26.5K $21.21/SF
− OpEx
−$11.9K −$9.54/SF
NOI
$14.6K $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%
$291,120
Cap Rate 7%
$207,943
Cap Rate 9%
$161,733
Alternative Uses
Best Use
Apartment 5plus
$207.9K
$182.0K – $242.6K
NOI $14,556 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$378.0K
$330.8K – $441.0K
NOI $26,462 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,591
Businesses Nearby
Explore this area
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 bedrooms, an enclosed patio, and gated community amenities complement this lock-and-leave condominium.
Where is this residential income property located?
The property is located at 5104 N 32ND Street #218 Phoenix, AZ.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two‑bedroom end unit with only one shared wall; Built in 1990; Assigned underground parking near the elevator; second space available
