Updated Residential Income
For Sale
$235,000
5525 E THOMAS Road D5, Phoenix, AZ 85018
Second-floor residence with two bedrooms, remodeled baths, and a 2024 HVAC system.
Property Size982 SF
Days on Market62
Property Features for 5525 E THOMAS Road D5
General Information
Standard status
Active
Size
982 SF
Property subtype
Apartment
Site & Location
Neighborhood
Camelback East
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$674
Building Details
Building Size
982 SF
Year Built
1974
Listing Agency:
Everystate, Inc
Listed By:
Blake Keathley
(661) 900-9145
Source:
Alexiabertsatos
Added: Sep 3
Changed: Oct 31
Last Checked: Nov 1 at 1:03PM
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 Everystate, Inc
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Investment Insights
Based on property information with market context.
Built in 1974, this second-floor residential income property has been updated with fresh interior paint, oversized tile flooring, and an open arrangement of living spaces. The kitchen includes new countertops and stainless steel appliances, with a layout that connects directly to the primary living area. Two bedrooms provide separate private spaces, while both bathrooms have been updated, including a remodeled primary bath. The HVAC system was replaced in 2024 and is described as high-efficiency. The property is located at 5525 E THOMAS Road D5 in Phoenix, Arizona.
Key Highlights
- Second‑floor residential income property with two bedrooms
- Updated kitchen with new countertops and stainless steel appliances
- Oversized tile flooring and fresh interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,454
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,080
$229.1K
Cap Rate 7%
$163,629
$163.6K
Cap Rate 9%
$127,267
$127.3K
Market Conditions
NOI Build-Up for 982 SF
Gross rent
$22.2K $22.56/SF
− Vacancy
−$1.3K −$1.35/SF
EGI
$20.8K $21.21/SF
− OpEx
−$9.4K −$9.54/SF
NOI
$11.5K $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%
$229,080
Cap Rate 7%
$163,629
Cap Rate 9%
$127,267
Alternative Uses
Best Use
Apartment 5plus
$163.6K
$143.2K – $190.9K
NOI $11,454 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$297.5K
$260.3K – $347.0K
NOI $20,822 @ 7.0% cap · market cap 8.86%
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
404
Businesses Nearby
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Business Placement
Demographics for 85018, AZ
37,944
Population
19,487
Households
1.9
Avg Household Size
40
Median Age
57%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$87,637
Median Household Income
$58,555
Median Earnings
$1,411
Median Rent
$805,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor residence with two bedrooms, remodeled baths, and a 2024 HVAC system.
Where is this residential income property located?
The property is located at 5525 E THOMAS Road D5 Phoenix, AZ.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Second‑floor residential income property with two bedrooms; Updated kitchen with new countertops and stainless steel appliances; Oversized tile flooring and fresh interior paint
