Four-Unit Multifamily
6708 E EARLL Drive Scottsdale, AZ 85251
For Sale
$880,000
Quadplex with three 1 bed/1 bath units and one 2 bed/1 bath unit, generating current average rents by unit type.
Property Size2,825 SF
Price / SF$311.50
Days on Market77
Property Features for 6708 E EARLL Drive
General Information
Standard status
Active
Size
2,825 SF
Property subtype
Multi Family
Building Details
Year Built
1958
Listing Agency:
HomeSmart
(224) 769-0880
Listed By:
Cody Stein · License #SA713525000
(224) 769-0880
Source:
Exitrealty
Added: May 13
Changed: Jul 23
Last Checked: Jul 24 at 8:16AM
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
Investment Insights
Based on property information with market context.
6708 E Earll Dr offers a four-unit multifamily quadplex configuration with three 1 bed/1 bath units and one 2 bed/1 bath unit. The available unit mix is described as approximately 700 SF for the 1-bedroom homes and approximately 725 SF for the 2-bedroom home. Current rents average $1,350 for the 1-bed units and $1,450 for the 2-bed unit, providing in-place income across the property.
The property is located in Scottsdale, AZ 85251 near Old Town, with nearby access to dining, shopping, entertainment, and major employment hubs as described in the remarks.
The offering is positioned as a value-add opportunity for an owner to consider interior and exterior improvements to help increase rents and overall property value. The property is being sold for $880,000.
The property is located in Scottsdale, AZ 85251 near Old Town, with nearby access to dining, shopping, entertainment, and major employment hubs as described in the remarks.
The offering is positioned as a value-add opportunity for an owner to consider interior and exterior improvements to help increase rents and overall property value. The property is being sold for $880,000.
Key Highlights
- 4‑unit quadplex built in 1958 in Scottsdale, AZ 85251
- Unit mix includes three 1 bed/1 bath units (~700 SF) and one 2 bed/1 bath unit (~725 SF)
- Current rents average $1,350 for 1‑bed units and $1,450 for the 2‑bed unit
Financial Insights For Multifamily LT 5
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 | $55.9k | $19.80 |
| − Vacancy | −$2.5k | −$0.89 |
| EGI | $53.4k | $18.91 |
| − OpEx | −$16.0k | −$5.67 |
| NOI | $37.4k | $13.24 |
2,825 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$534.2K
$467.4K – $623.2K
NOI $37,393 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$467.0K
$408.6K – $544.8K
NOI $32,687 @ 7.0% cap · market cap 3.71%
Theoretical Best
Retail
$927.4K
$811.5K – $1.08M
NOI $64,916 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex with three 1 bed/1 bath units and one 2 bed/1 bath unit, generating current average rents by unit type.
Where is this quadplex located?
The property is located at 6708 E EARLL Drive Scottsdale, AZ.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: 4‑unit quadplex built in 1958 in Scottsdale, AZ 85251; Unit mix includes three 1 bed/1 bath units (~700 SF) and one 2 bed/1 bath unit (~725 SF); Current rents average $1,350 for 1‑bed units and $1,450 for the 2‑bed unit
