Ground-Level
For Sale
$219,999
6236 N 16TH Street #37, Phoenix, AZ 85016
A private patio and landscaped backyard extend the ground-floor living space.
Property Size1,191 SF
Price / SF$184.72
Days on Market19
Property Features for 6236 N 16TH Street #37
General Information
Standard status
Active
Size
1,191 SF
Property subtype
Apartment
Site & Location
Neighborhood
Camelback East
Additional Details
Multifamily Units
1
Amenities
private backyard
in-unit laundry
Building Details
Year Built
1968
Listing Agency:
Berkshire Hathaway Homeservices Arizona Properties
Listed By:
Kathryn Thomas
(480) 505-6300
Source:
Kathrynthomas
Added: Oct 15
Changed: Nov 1
Last Checked: Oct 31 at 11:20PM
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 Berkshire Hathaway Homeservices Arizona Properties
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Investment Insights
Based on property information with market context.
This 1,191-square-foot, ground-level condominium has two bedrooms, two bathrooms, and an open living area. The kitchen is fitted with quartz countertops, shaker cabinetry, generous storage, and a large island; the adjoining living room includes an electric fireplace. In-unit laundry is also provided. Built in 1968, the residence includes a private backyard with a patio, artificial turf, and a planter box. HOA fees cover all utilities.
Key Highlights
- Ground‑level 2‑bedroom, 2‑bathroom condominium with 1,191 square feet
- Kitchen features a quartz island, shaker cabinets, and ample storage
- Private backyard includes a patio, artificial turf, and a built‑in planter box
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,891
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,820
$277.8K
Cap Rate 7%
$198,443
$198.4K
Cap Rate 9%
$154,344
$154.3K
Market Conditions
NOI Build-Up for 1,191 SF
Gross rent
$26.9K $22.56/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$25.3K $21.21/SF
− OpEx
−$11.4K −$9.54/SF
NOI
$13.9K $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%
$277,820
Cap Rate 7%
$198,443
Cap Rate 9%
$154,344
Alternative Uses
Best Use
Apartment 5plus
$198.4K
$173.6K – $231.5K
NOI $13,891 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$360.8K
$315.7K – $420.9K
NOI $25,253 @ 7.0% cap · market cap 11.48%
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
757
Businesses Nearby
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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 - A private patio and landscaped backyard extend the ground-floor living space.
Where is this residential income property located?
The property is located at 6236 N 16TH Street #37 Phoenix, AZ.
What is the asking price?
The asking price for this property is $219,999.
What are key features of this property?
This property features: Ground‑level 2‑bedroom, 2‑bathroom condominium with 1,191 square feet; Kitchen features a quartz island, shaker cabinets, and ample storage; Private backyard includes a patio, artificial turf, and a built‑in planter box
