Two-Bedroom Gated Residential
For Sale
$233,900
5401 E VAN BUREN Street 3095, Phoenix, AZ 85008
The split-bedroom layout includes an open living area, private covered patio, and in-unit laundry.
Property Size995 SF
Price / SF$235.08
Days on Market127
Property Features for 5401 E VAN BUREN Street 3095
General Information
Standard status
Active
Size
995 SF
Property subtype
Apartment
Site & Location
Neighborhood
Camelback East
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,210
Amenities
gated
fireplace
private covered patio
in-unit washer/dryer
extra storage
Building Details
Building Size
995 SF
Year Built
1999
Listing Agency:
OfferPad Brokerage, LLC
Listed By:
Laura Bastien · License #SA651813000
(480) 658-8899
Source:
Bvoluxury
Added: Jun 24
Changed: Oct 26
Last Checked: Oct 26 at 10:53AM
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 OfferPad Brokerage, LLC
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Investment Insights
Based on property information with market context.
This 995-square-foot end unit at Red Rox has two bedrooms and two bathrooms arranged in a split plan. The living area features an open layout and fireplace, with access to a covered patio oriented east. Interior improvements include an updated kitchen with pantry, vinyl plank flooring, fresh paint, and dual-pane windows. The unit also has a newer water heater, HVAC installed in 2026, in-unit washer and dryer, and additional storage. A covered carport is included.
The gated community is near Loop 202, light rail, ASU, Sky Harbor, Papago Park, the Phoenix Zoo, Desert Botanical Garden, Old Town Scottsdale, and Tempe Town Lake. HOA coverage includes exterior maintenance, roof, water, sewer, and trash. The property has no rental restrictions.
The gated community is near Loop 202, light rail, ASU, Sky Harbor, Papago Park, the Phoenix Zoo, Desert Botanical Garden, Old Town Scottsdale, and Tempe Town Lake. HOA coverage includes exterior maintenance, roof, water, sewer, and trash. The property has no rental restrictions.
Key Highlights
- 995‑square‑foot, two‑bedroom, two‑bath end unit
- Gated community with no rental restrictions
- HVAC installed in 2026; newer water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,438
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,760
$208.8K
Cap Rate 7%
$149,114
$149.1K
Cap Rate 9%
$115,978
$116.0K
Market Conditions
NOI Build-Up for 995 SF
Gross rent
$20.3K $20.40/SF
− Vacancy
−$1.3K −$1.33/SF
EGI
$19.0K $19.07/SF
− OpEx
−$8.5K −$8.58/SF
NOI
$10.4K $10.49/SF
Area
ZIP 85008
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,760
Cap Rate 7%
$149,114
Cap Rate 9%
$115,978
Alternative Uses
Best Use
Apartment 5plus
$149.1K
$130.5K – $174.0K
NOI $10,438 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$307.5K
$269.1K – $358.8K
NOI $21,525 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 85008, AZ
59,047
Population
24,508
Households
2.4
Avg Household Size
30
Median Age
24%
College-Educated
75%
High-School Grad
10.2 sq mi
ZIP Area
5,789
Density / Sq Mi
$61,369
Median Household Income
$36,969
Median Earnings
$1,300
Median Rent
$323,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The split-bedroom layout includes an open living area, private covered patio, and in-unit laundry.
Where is this residential income property located?
The property is located at 5401 E VAN BUREN Street 3095 Phoenix, AZ.
What is the asking price?
The asking price for this property is $233,900.
What are key features of this property?
This property features: 995‑square‑foot, two‑bedroom, two‑bath end unit; Gated community with no rental restrictions; HVAC installed in 2026; newer water heater
