Remodeled Residential Income
For Sale
$249,900
5525 E Thomas Road Unit G7, Phoenix, AZ 85018
Updated condominium with an open layout, renovated baths, new kitchen finishes, and replacement air conditioning installed in 2025.
Property Size982 SF
Days on Market87
Property Features for 5525 E Thomas Road Unit G7
General Information
Standard status
Active
Size
982 SF
Property subtype
Apartment
Site & Location
Neighborhood
Camelback East
Taxes and HOA fees
Annual Taxes
$768
Building Details
Building Size
982 SF
Year Built
1974
Listing Agency:
Fathom Realty Elite
Listed By:
Ben Koerner · License #SA030920000
(602) 647-9151
Source:
Alexiabertsatos
Added: Aug 9
Changed: Oct 31
Last Checked: Nov 1 at 12:57PM
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 Fathom Realty Elite
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 residential income property is a condominium unit at 5525 E Thomas Road, Unit G7, in Phoenix, Arizona. Built in 1974, the home has been substantially updated with an open arrangement centered on a combined living and gathering area. The kitchen includes white cabinetry, quartz counters, stainless steel appliances, and a central island with breakfast-bar seating.
Interior improvements extend throughout the unit, including neutral tile flooring, updated lighting, doors, hardware, window coverings, and ceiling fans. Both bathrooms have been renovated with new cabinetry, vanities, mirrors, and plumbing fixtures. The primary bath adds a custom shower with gold-finish fixtures, while the hall bath includes a new tub and surround. Air conditioning was replaced in 2025.
Interior improvements extend throughout the unit, including neutral tile flooring, updated lighting, doors, hardware, window coverings, and ceiling fans. Both bathrooms have been renovated with new cabinetry, vanities, mirrors, and plumbing fixtures. The primary bath adds a custom shower with gold-finish fixtures, while the hall bath includes a new tub and surround. Air conditioning was replaced in 2025.
Key Highlights
- Remodeled condominium unit at 5525 E Thomas Road, Unit G7, Phoenix, AZ 85018
- Open‑concept interior with a combined great room and functional layout
- Kitchen upgraded with white cabinetry, quartz countertops, stainless steel appliances, and island seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,454
Cap Rate
4.58%
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 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$297.5K
$260.3K – $347.0K
NOI $20,822 @ 7.0% cap · market cap 8.33%
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
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Explore this area
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
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 - Updated condominium with an open layout, renovated baths, new kitchen finishes, and replacement air conditioning installed in 2025.
Where is this residential income property located?
The property is located at 5525 E Thomas Road Unit G7 Phoenix, AZ.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Remodeled condominium unit at 5525 E Thomas Road, Unit G7, Phoenix, AZ 85018; Open‑concept interior with a combined great room and functional layout; Kitchen upgraded with white cabinetry, quartz countertops, stainless steel appliances, and island seating
