Updated Residential Income
For Sale
$189,000
5236 W Peoria Ave #102, Glendale, AZ 85302
First-floor two-bedroom residence with renovated interiors, a fireplace, and private patio access.
Property Size971 SF
Price / SF$194.64
Days on Market51
Property Features for 5236 W Peoria Ave #102
General Information
Standard status
Active
Size
971 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Amenities
fireplace
private patio
Building Details
Year Built
1984
Listing Agency:
Realty One Group
(623) 236-1414
Listed By:
Ryan Bieber
(623) 323-9559
Source:
Searcharizonahomesforsale
Added: Sep 2
Changed: Oct 21
Last Checked: Oct 20 at 9:08PM
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 first-floor residential income property offers 971 square feet with two bedrooms and two bathrooms. The interior has been refreshed with new flooring and paint, while the kitchen includes updated cabinetry, countertops, and stainless steel appliances. Both bathrooms have also been renovated. A fireplace adds a defined gathering area, and the unit includes a private patio.
Built in 1984, the condominium is located within Sunset Estates at 5236 W Peoria Ave #102 in Glendale. Shopping, dining, major commuter routes, and ASU West campus are nearby, providing convenient access to everyday services and the surrounding area.
Built in 1984, the condominium is located within Sunset Estates at 5236 W Peoria Ave #102 in Glendale. Shopping, dining, major commuter routes, and ASU West campus are nearby, providing convenient access to everyday services and the surrounding area.
Key Highlights
- 971 SF first‑floor condominium with 2 bedrooms and 2 bathrooms
- Renovated kitchen with updated cabinetry, countertops, and stainless steel appliances
- Both bathrooms updated; new flooring and fresh interior paint throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,887
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,740
$197.7K
Cap Rate 7%
$141,243
$141.2K
Cap Rate 9%
$109,856
$109.9K
Market Conditions
NOI Build-Up for 971 SF
Gross rent
$19.2K $19.80/SF
− Vacancy
−$1.2K −$1.29/SF
EGI
$18.0K $18.51/SF
− OpEx
−$8.1K −$8.33/SF
NOI
$9.9K $10.18/SF
Area
Glendale, AZ
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,740
Cap Rate 7%
$141,243
Cap Rate 9%
$109,856
Alternative Uses
Best Use
Apartment 5plus
$141.2K
$123.6K – $164.8K
NOI $9,887 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$305.0K
$266.9K – $355.8K
NOI $21,350 @ 7.0% cap · market cap 11.30%
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
375
Businesses Nearby
Explore this area
Business Placement
Demographics for 85302, AZ
41,369
Population
15,767
Households
2.6
Avg Household Size
36
Median Age
20%
College-Educated
85%
High-School Grad
6.0 sq mi
ZIP Area
6,895
Density / Sq Mi
$62,516
Median Household Income
$38,629
Median Earnings
$1,241
Median Rent
$326,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor two-bedroom residence with renovated interiors, a fireplace, and private patio access.
Where is this residential income property located?
The property is located at 5236 W Peoria Ave #102 Glendale, AZ.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 971 SF first‑floor condominium with 2 bedrooms and 2 bathrooms; Renovated kitchen with updated cabinetry, countertops, and stainless steel appliances; Both bathrooms updated; new flooring and fresh interior paint throughout
