Poolside Short-Term Rental
For Sale
$344,900
6834 E 4TH Street 7, Scottsdale, AZ 85251
Remodeled residence with furnishings included and established vacation-rental use.
Property Size896 SF
Days on Market174
Property Features for 6834 E 4TH Street 7
General Information
Standard status
Active
Size
896 SF
Property subtype
Apartment
Additional Details
Furnished
Yes
Utilities to Site
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$540
Building Details
Building Size
896 SF
Year Built
1958
Year Renovated
2018
Listing Agency:
My Home Group Real Estate
(480) 747-7064
Listed By:
Jasson Dellacroce · License #SA649021000
(480) 747-7064
Source:
Jcluxuryresidential
Added: Feb 27
Changed: Aug 15
Last Checked: Aug 20 at 11:01AM
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 My Home Group Real Estate
Investment Insights
Based on property information with market context.
This short-term rental residence at 6834 E 4th Street, Unit 7, was built in 1958 and remodeled in 2018. Improvements include an updated kitchen and bathroom, new flooring, modern fixtures, and furnishings. French doors open toward the community pool and landscaped lawn, while the sale includes the furniture and other furnishings. The property is currently operating as an Airbnb vacation rental.
Set in Downtown Scottsdale’s Old Town, the residence is within walking distance of more than 50 restaurants, entertainment venues, arts and shopping destinations, and Spring Training facilities. The community has no rental restrictions, and HOA fees include all utilities.
Set in Downtown Scottsdale’s Old Town, the residence is within walking distance of more than 50 restaurants, entertainment venues, arts and shopping destinations, and Spring Training facilities. The community has no rental restrictions, and HOA fees include all utilities.
Key Highlights
- Remodeled in 2018 with updated kitchen, bathroom, flooring, fixtures, and furnishings
- Currently operating as an Airbnb vacation rental
- French doors overlook the community pool and green lawn
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,367
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$207,340
$207.3K
Cap Rate 7%
$148,100
$148.1K
Cap Rate 9%
$115,189
$115.2K
Market Conditions
NOI Build-Up for 896 SF
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.
Gross rent
$19.7K $21.96/SF
− Vacancy
−$826 −$0.92/SF
EGI
$18.8K $21.04/SF
− OpEx
−$8.5K −$9.47/SF
NOI
$10.4K $11.57/SF
Area
Scottsdale, AZ
Vacancy
4.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$207,340
Cap Rate 7%
$148,100
Cap Rate 9%
$115,189
Alternative Uses
Best Use
Apartment 5plus
$148.1K
$129.6K – $172.8K
NOI $10,367 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$294.1K
$257.4K – $343.2K
NOI $20,589 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,825
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?
Short term rental property - Remodeled residence with furnishings included and established vacation-rental use.
Where is this short term rental property located?
The property is located at 6834 E 4TH Street 7 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $344,900.
What are key features of this property?
This property features: Remodeled in 2018 with updated kitchen, bathroom, flooring, fixtures, and furnishings; Currently operating as an Airbnb vacation rental; French doors overlook the community pool and green lawn
