Midcentury Residential Income
For Sale
$165,000
6236 N 16th Street 1, Phoenix, AZ 85016
One-bedroom residence with upgraded storage, appliances, open living space, and an east-facing yard.
Property Size890 SF
Days on Market335
Property Features for 6236 N 16th Street 1
General Information
Standard status
Active
Size
890 SF
Property subtype
Apartment
Site & Location
Neighborhood
Camelback East
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$464
Building Details
Building Size
890 SF
Year Built
1968
Listing Agency:
HomeSmart
Listed By:
Susie Clare
(602) 908-7591
Source:
Alexiabertsatos
Added: Dec 4, 2025
Changed: Oct 31
Last Checked: Nov 3 at 11:34AM
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 HomeSmart
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Investment Insights
Based on property information with market context.
Built in 1968, this one-bedroom condominium features a midcentury design by Bennie Gonzalez, who studied under Frank Lloyd Wright. Interior improvements include additional storage and upgraded kitchen appliances, while the open-concept arrangement and natural light shape the living area. The bedroom includes mirrored sliding closet doors, and the east-facing yard can accommodate garden or seating plans.
HOA dues cover all utilities except electricity, and the association permits pets. The property is near Otro Cafe, Richardson’s, Healthy Habit, Linger Longer Lounge, and Bad Jimmy’s, with access to 51 and downtown Phoenix.
HOA dues cover all utilities except electricity, and the association permits pets. The property is near Otro Cafe, Richardson’s, Healthy Habit, Linger Longer Lounge, and Bad Jimmy’s, with access to 51 and downtown Phoenix.
Key Highlights
- 1968‑built condominium designed by Bennie Gonzalez, an understudy of Frank Lloyd Wright
- One‑bedroom layout with upgraded storage and kitchen appliances
- Open‑concept interior with natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,381
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,620
$207.6K
Cap Rate 7%
$148,300
$148.3K
Cap Rate 9%
$115,344
$115.3K
Market Conditions
NOI Build-Up for 890 SF
Gross rent
$20.1K $22.56/SF
− Vacancy
−$1.2K −$1.35/SF
EGI
$18.9K $21.21/SF
− OpEx
−$8.5K −$9.54/SF
NOI
$10.4K $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%
$207,620
Cap Rate 7%
$148,300
Cap Rate 9%
$115,344
Alternative Uses
Best Use
Apartment 5plus
$148.3K
$129.8K – $173.0K
NOI $10,381 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$269.6K
$235.9K – $314.5K
NOI $18,871 @ 7.0% cap · market cap 11.44%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
Explore this area
Business Placement
Demographics for 85016, AZ
37,326
Population
21,363
Households
1.7
Avg Household Size
38
Median Age
50%
College-Educated
94%
High-School Grad
8.2 sq mi
ZIP Area
4,552
Density / Sq Mi
$85,085
Median Household Income
$53,781
Median Earnings
$1,575
Median Rent
$508,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom residence with upgraded storage, appliances, open living space, and an east-facing yard.
Where is this residential income property located?
The property is located at 6236 N 16th Street 1 Phoenix, 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: 1968‑built condominium designed by Bennie Gonzalez, an understudy of Frank Lloyd Wright; One‑bedroom layout with upgraded storage and kitchen appliances; Open‑concept interior with natural light
