Studio Residential Income
For Sale
$165,000
6125 E INDIAN SCHOOL Road 213, Scottsdale, AZ 85251
Maintained studio condo with an open layout, private outdoor space, storage, and access to community amenities.
Property Size519 SF
Days on Market141
Property Features for 6125 E INDIAN SCHOOL Road 213
General Information
Standard status
Active
Size
519 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$524
Building Details
Building Size
519 SF
Year Built
1962
Listing Agency:
Y Realty
Listed By:
Jacquelyn Grant · License #BR665611000
(480) 330-3468
Source:
Alexiabertsatos
Added: May 21
Changed: Oct 4
Last Checked: Oct 7 at 6:31PM
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 Y Realty
Investment Insights
Based on property information with market context.
This studio condo, built in 1962, combines an open living area with a practical layout designed around everyday functionality. Large windows bring natural light into the interior, while a private outdoor space extends the living area. The kitchen includes workspace and storage, and the unit also offers generous closet capacity with additional storage options.
The property is located near Old Town Scottsdale, with access to restaurants, shopping, entertainment, golf courses, spring training, walking and biking paths, art galleries, and nightlife. Scottsdale Fashion Square and Arcadia are also nearby, along with major freeway access for travel throughout the Valley. Community amenities are available to residents.
The property is located near Old Town Scottsdale, with access to restaurants, shopping, entertainment, golf courses, spring training, walking and biking paths, art galleries, and nightlife. Scottsdale Fashion Square and Arcadia are also nearby, along with major freeway access for travel throughout the Valley. Community amenities are available to residents.
Key Highlights
- Studio condo with open living area and a functional interior layout
- Large windows and private outdoor space add light and usable living area
- Kitchen includes workspace and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,005
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$120,100
$120.1K
Cap Rate 7%
$85,786
$85.8K
Cap Rate 9%
$66,722
$66.7K
Market Conditions
NOI Build-Up for 519 SF
Gross rent
$11.4K $21.96/SF
− Vacancy
−$479 −$0.92/SF
EGI
$10.9K $21.04/SF
− OpEx
−$4.9K −$9.47/SF
NOI
$6.0K $11.57/SF
Area
Scottsdale, AZ
Vacancy
4.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$120,100
Cap Rate 7%
$85,786
Cap Rate 9%
$66,722
Alternative Uses
Best Use
Apartment 5plus
$85.8K
$75.1K – $100.1K
NOI $6,005 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$170.4K
$149.1K – $198.8K
NOI $11,926 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Explore this area
Business Placement
Demographics for 85251, AZ
40,073
Population
26,456
Households
1.5
Avg Household Size
39
Median Age
60%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
5,566
Density / Sq Mi
$89,151
Median Household Income
$60,282
Median Earnings
$1,771
Median Rent
$500,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Maintained studio condo with an open layout, private outdoor space, storage, and access to community amenities.
Where is this residential income property located?
The property is located at 6125 E INDIAN SCHOOL Road 213 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Studio condo with open living area and a functional interior layout; Large windows and private outdoor space add light and usable living area; Kitchen includes workspace and storage
