Smaller-Scale Multifamily
For Sale
Contact for pricing
6601 W Ocotillo Rd, Glendale, AZ 85301
Two multifamily properties totaling 6,200 SF offer a functional layout that can be repositioned to align with rental demand.
Property Size6,200 SF
Price / SF$217.74
Days on Market109
Property Features for 6601 W Ocotillo Rd
General Information
Standard status
Active
Size
6,200 SF
Property subtype
Multifamily
Building Details
Year Built
1985
Listing Agency:
Keyser Commercial Real Estate
Listed By:
Ruth Darby · License #SA549117000
Source:
Crexi
Added: Apr 16
Changed: Jul 21
Last Checked: Aug 1 at 2:12PM
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 Keyser Commercial Real Estate
Investment Insights
Based on property information with market context.
6601 and 6609 W Ocotillo Rd present a smaller-scale multifamily ownership opportunity with a functional layout that can be repositioned to better align with current rental demand. The offering consists of two properties under one purchase.
The properties are located at 6601 W Ocotillo Rd and 6609 W Ocotillo Rd in Glendale, AZ 85301, for a combined building size of 6,200 SF.
Per the seller’s description, the asset is suited to buyers seeking manageable multifamily ownership and a value-add repositioning approach within an ongoing multifamily development area.
The properties are located at 6601 W Ocotillo Rd and 6609 W Ocotillo Rd in Glendale, AZ 85301, for a combined building size of 6,200 SF.
Per the seller’s description, the asset is suited to buyers seeking manageable multifamily ownership and a value-add repositioning approach within an ongoing multifamily development area.
Key Highlights
- Two multifamily properties at 6601 and 6609 W Ocotillo Rd
- Total building size is 6,200 SF
- Year built: 1985
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.8k | $19.80 |
| − Vacancy | −$8.0k | −$1.29 |
| EGI | $114.8k | $18.51 |
| − OpEx | −$51.7k | −$8.33 |
| NOI | $63.1k | $10.18 |
6,200 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$901.8K
$789.1K – $1.05M
NOI $63,129 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,325 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
Explore this area
Business Placement
Demographics for 85301, AZ
67,380
Population
24,019
Households
2.8
Avg Household Size
30
Median Age
11%
College-Educated
71%
High-School Grad
9.3 sq mi
ZIP Area
7,245
Density / Sq Mi
$47,422
Median Household Income
$33,727
Median Earnings
$1,189
Median Rent
$218,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two multifamily properties totaling 6,200 SF offer a functional layout that can be repositioned to align with rental demand.
Where is this multifamily property located?
The property is located at 6601 W Ocotillo Rd Glendale, AZ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two multifamily properties at 6601 and 6609 W Ocotillo Rd; Total building size is 6,200 SF; Year built: 1985
