Two-Bedroom Residential Income
For Sale
$178,000
5236 W Peoria Ave #239, Glendale, AZ 85302
Second-story condominium offering two bedrooms and one bathroom in a residential setting.
Property Size891 SF
Price / SF$199.78
Days on Market73
Property Features for 5236 W Peoria Ave #239
General Information
Standard status
Active
Size
891 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Building Details
Year Built
1984
Listing Agency:
Fielders Choice Realty
(480) 282-8785
Listed By:
Klaus Team Real Estate Solutions
(480) 354-7344
Source:
Klausteam
Added: Aug 3
Changed: Oct 13
Last Checked: Oct 12 at 7:09PM
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 Fielders Choice Realty
Investment Insights
Based on property information with market context.
This second-story condominium contains 891 square feet with a two-bedroom, one-bath layout. The residence was constructed in 1984 and is presented as move-in ready, providing a straightforward configuration for residential occupancy or income-property ownership.
The property is located at 5236 W Peoria Ave #239 in Glendale, Arizona. Its established residential format and manageable size offer a compact ownership profile within the broader residential income property category.
The property is located at 5236 W Peoria Ave #239 in Glendale, Arizona. Its established residential format and manageable size offer a compact ownership profile within the broader residential income property category.
Key Highlights
- 891‑square‑foot second‑story condominium
- Two‑bedroom, one‑bath layout
- Built in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,072
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$181,440
$181.4K
Cap Rate 7%
$129,600
$129.6K
Cap Rate 9%
$100,800
$100.8K
Market Conditions
NOI Build-Up for 891 SF
Gross rent
$17.6K $19.80/SF
− Vacancy
−$1.1K −$1.29/SF
EGI
$16.5K $18.51/SF
− OpEx
−$7.4K −$8.33/SF
NOI
$9.1K $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%
$181,440
Cap Rate 7%
$129,600
Cap Rate 9%
$100,800
Alternative Uses
Best Use
Apartment 5plus
$129.6K
$113.4K – $151.2K
NOI $9,072 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$279.9K
$244.9K – $326.5K
NOI $19,591 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
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 - Second-story condominium offering two bedrooms and one bathroom in a residential setting.
Where is this residential income property located?
The property is located at 5236 W Peoria Ave #239 Glendale, AZ.
What is the asking price?
The asking price for this property is $178,000.
What are key features of this property?
This property features: 891‑square‑foot second‑story condominium; Two‑bedroom, one‑bath layout; Built in 1984
