Four-Unit Mixed-Income
For Sale
$1,100,000
6702 East Cheery Lynn Road, Scottsdale, AZ 85251
Four 2-bedroom, 1-bath units with a courtyard and ample parking, built in 1958 under a current LIHTC regulatory agreement.
Property SizeContact for details
Days on Market251
Property Features for 6702 East Cheery Lynn Road
General Information
Standard status
Active
Property subtype
Multiple Dwellings
Zoning
R-5
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,440
Amenities
Central Air
Central
Other
Yes
0.0
Composition
No Pool
2
4
Painted, Block
Building Details
Year Built
1969
Listing Agency:
ABI Multifamily
(602) 714-1289
Listed By:
Mitchell Drake · License #SA675761000
(602) 714-1289
Source:
Compass
Added: Dec 18, 2025
Changed: Aug 8
Last Checked: Jul 20 at 9:22PM
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 ABI Multifamily
Investment Insights
Based on property information with market context.
This is a 4-unit mixed-income housing community offering four (4) 2-bedroom, 1-bath units. The property was built in 1958 and placed in service under the Section 42 Low-Income Housing Tax Credit (LIHTC) program, with an existing regulatory agreement requiring all units to be rented to income-qualifying residents. The regulatory agreement limits resident income to no more than 50% and 60% of the Area Median Income (AMI) limits, as provided by the Arizona Department of Housing, and the low-income restriction is set to expire on March 9, 2026. Community amenities include a courtyard space and ample parking.
The property is located in Old Town Scottsdale.
The property is located in Old Town Scottsdale.
Key Highlights
- 4‑unit mixed‑income housing community in Old Town Scottsdale
- All 4 units are 2‑bedroom, 1‑bath apartments
- Courtyard space plus ample parking for residents and guests
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,692
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four 2-bedroom, 1-bath units with a courtyard and ample parking, built in 1958 under a current LIHTC regulatory agreement.
Where is this quadplex located?
The property is located at 6702 East Cheery Lynn Road Scottsdale, AZ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4‑unit mixed‑income housing community in Old Town Scottsdale; All 4 units are 2‑bedroom, 1‑bath apartments; Courtyard space plus ample parking for residents and guests
