Short-Term Rental
New
For Sale
$315,000
6906 E 4TH Street 2, Scottsdale, AZ 85251
Updated finishes and an optional furnished sale accommodate short stays or extended occupancy.
Property Size924 SF
Days on Market7
Property Features for 6906 E 4TH Street 2
General Information
Standard status
Active
Size
924 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$611
Amenities
courtyard
pool
Building Details
Building Size
924 SF
Year Built
1958
Listing Agency:
Compass
Listed By:
Alexander Olson
(480) 930-1889
Source:
Alexiabertsatos
Added: Oct 20
Changed: Oct 26
Last Checked: Oct 25 at 2:13AM
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 Compass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1958, this ground-level end condominium features updated flooring, quartz countertops, and an open layout. Short-term rentals are allowed within the 16-unit complex, and the condo may be sold furnished.
The property is in Old Town Scottsdale’s historic garden district, near dining, shops, art galleries, Fashion Square, and Hotel Valley Ho. Shared outdoor amenities include a courtyard and pool with citrus trees.
The property is in Old Town Scottsdale’s historic garden district, near dining, shops, art galleries, Fashion Square, and Hotel Valley Ho. Shared outdoor amenities include a courtyard and pool with citrus trees.
Key Highlights
- Short‑term rentals permitted; complex has 16 units
- Ground‑level end condominium
- Updated flooring and quartz countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,691
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,820
$213.8K
Cap Rate 7%
$152,729
$152.7K
Cap Rate 9%
$118,789
$118.8K
Market Conditions
NOI Build-Up for 924 SF
Gross rent
$20.3K $21.96/SF
− Vacancy
−$852 −$0.92/SF
EGI
$19.4K $21.04/SF
− OpEx
−$8.7K −$9.47/SF
NOI
$10.7K $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 Rate 5%
$213,820
Cap Rate 7%
$152,729
Cap Rate 9%
$118,789
Alternative Uses
Best Use
Apartment 5plus
$152.7K
$133.6K – $178.2K
NOI $10,691 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$303.3K
$265.4K – $353.9K
NOI $21,233 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
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
Frequently Asked Questions
What type of property is this?
Short term rental property - Updated finishes and an optional furnished sale accommodate short stays or extended occupancy.
Where is this short term rental property located?
The property is located at 6906 E 4TH Street 2 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Short‑term rentals permitted; complex has 16 units; Ground‑level end condominium; Updated flooring and quartz countertops
