Residential Income Property with
5150 N 20TH Street 201, Phoenix, AZ 85016
For Sale
$329,000
The remodeled unit includes custom cabinetry, granite counters, upgraded flooring, and access to a community pool.
Property Size1,164 SF
Price / SF$282.65
Days on Market341
Property Features for 5150 N 20TH Street 201
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pool
Building Details
Building Size
Year Built
Construction
Listing Agency:
Real Broker
Listed By:
Kaushik Sirkar
(480) 600-2808
Source:
Arizonaproperrealestate
Added: Dec 4, 2025
Changed: Nov 8
Last Checked: Nov 8 at 4:17PM
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 Real Broker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 201 is a 2-bedroom, 2-bathroom residential property with 1,164 square feet of interior space. The interior has been remodeled with custom cabinetry, granite countertops, and upgraded flooring. An oversized balcony extends the living area, and the property is part of a low-rise community with landscaped grounds and a pool. The building dates to 1962.
The property is at 5150 N 20th Street in Phoenix’s Biltmore area. Town & Country Shopping Center and Camelback Colonnade are nearby, along with cafes and retail. The combination of an updated interior, private balcony, and shared outdoor amenities defines the unit’s practical features.
The property is at 5150 N 20th Street in Phoenix’s Biltmore area. Town & Country Shopping Center and Camelback Colonnade are nearby, along with cafes and retail. The combination of an updated interior, private balcony, and shared outdoor amenities defines the unit’s practical features.
Key Highlights
- 2 bedrooms and 2 full bathrooms across 1,164 square feet
- Remodeled interior with custom cabinetry, granite countertops, and upgraded flooring
- Oversized balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,576
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,520
$271.5K
Cap Rate 7%
$193,943
$193.9K
Cap Rate 9%
$150,844
$150.8K
Market Conditions
NOI Build-Up for 1,164 SF
Gross rent
$26.3K $22.56/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$24.7K $21.21/SF
− OpEx
−$11.1K −$9.54/SF
NOI
$13.6K $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%
$271,520
Cap Rate 7%
$193,943
Cap Rate 9%
$150,844
Alternative Uses
Best Use
Apartment 5plus
$193.9K
$169.7K – $226.3K
NOI $13,576 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$352.6K
$308.5K – $411.4K
NOI $24,681 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,403
Businesses Nearby
Explore this area
Business Placement
Demographics for 85016, AZ
37,326
Population
21,363
Households
1.7
Avg Household Size
38
Median Age
50%
College-Educated
94%
High-School Grad
8.2 sq mi
ZIP Area
4,552
Density / Sq Mi
$85,085
Median Household Income
$53,781
Median Earnings
$1,575
Median Rent
$508,400
Median Home Value
Market
Properties on Market for Residential income properties in Phoenix
Frequently Asked Questions
What type of property is this?
Residential income property - The remodeled unit includes custom cabinetry, granite counters, upgraded flooring, and access to a community pool.
Where is this residential income property located?
The property is located at 5150 N 20TH Street 201 Phoenix, AZ.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 2 bedrooms and 2 full bathrooms across 1,164 square feet; Remodeled interior with custom cabinetry, granite countertops, and upgraded flooring; Oversized balcony
