Two-Bedroom Condominium
For Sale
$509,000
5450 E DEER VALLEY Drive #3172, Phoenix, AZ 85054
A private covered balcony and split-bedroom layout complement the open living area.
Property Size1,464 SF
Price / SF$347.68
Days on Market38
Property Features for 5450 E DEER VALLEY Drive #3172
General Information
Standard status
Active
Size
1,464 SF
Elevators
Yes
Property subtype
Apartment
Site & Location
Neighborhood
Paradise Valley
Additional Details
Multifamily Units
1
Amenities
elevator access
three heated pools and spas
clubhouses
fitness centers
pickleball
gated underground parking
Building Details
Year Built
2014
Listing Agency:
Russ Lyon Sotheby's International Realty
(480) 287-5200
Listed By:
Racquel Miller · License #SA678606000
(602) 625-1181
Source:
Kathrynthomas
Added: Sep 25
Changed: Oct 29
Last Checked: Oct 28 at 4:59PM
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 Russ Lyon Sotheby's International Realty
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.
This third-floor corner residence has 2 bedrooms, 2 bathrooms and 1,464 square feet, arranged in a split floor plan. The open great room connects to a kitchen with quartz countertops, a center island and stainless steel appliances. A covered private balcony provides treetop and mountain views. In the primary suite, the bathroom includes dual vanities, a soaking tub, a separate shower and a private water closet. Built in 2014, the property also offers elevator access and gated underground parking.
Community amenities include three heated pools and spas, clubhouses, fitness centers and pickleball facilities. High Street, Desert Ridge Marketplace and Wildfire Golf Club are nearby. Rentals are permitted with a 30-day minimum.
Community amenities include three heated pools and spas, clubhouses, fitness centers and pickleball facilities. High Street, Desert Ridge Marketplace and Wildfire Golf Club are nearby. Rentals are permitted with a 30-day minimum.
Key Highlights
- Third‑floor corner unit with 2 bedrooms, 2 bathrooms and 1,464 SF
- Split floor plan and open great room
- Kitchen with quartz countertops, center island and stainless appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,075
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,500
$341.5K
Cap Rate 7%
$243,929
$243.9K
Cap Rate 9%
$189,722
$189.7K
Market Conditions
NOI Build-Up for 1,464 SF
Gross rent
$33.0K $22.56/SF
− Vacancy
−$2.0K −$1.35/SF
EGI
$31.0K $21.21/SF
− OpEx
−$14.0K −$9.54/SF
NOI
$17.1K $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%
$341,500
Cap Rate 7%
$243,929
Cap Rate 9%
$189,722
Alternative Uses
Best Use
Apartment 5plus
$243.9K
$213.4K – $284.6K
NOI $17,075 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$443.5K
$388.0K – $517.4K
NOI $31,042 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
Explore this area
Business Placement
Demographics for 85054, AZ
8,849
Population
6,271
Households
1.4
Avg Household Size
39
Median Age
61%
College-Educated
98%
High-School Grad
8.6 sq mi
ZIP Area
1,029
Density / Sq Mi
$89,099
Median Household Income
$64,554
Median Earnings
$2,146
Median Rent
$618,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A private covered balcony and split-bedroom layout complement the open living area.
Where is this residential income property located?
The property is located at 5450 E DEER VALLEY Drive #3172 Phoenix, AZ.
What is the asking price?
The asking price for this property is $509,000.
What are key features of this property?
This property features: Third‑floor corner unit with 2 bedrooms, 2 bathrooms and 1,464 SF; Split floor plan and open great room; Kitchen with quartz countertops, center island and stainless appliances
