Poolside Short-Term Rental
For Sale
$299,900
6935 E 4TH Street 4, Scottsdale, AZ 85251
Short-term and furnished rentals are permitted, with a community pool on site.
Property Size950 SF
Days on Market216
Property Features for 6935 E 4TH Street 4
General Information
Standard status
Active
Size
950 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$585
Building Details
Building Size
950 SF
Year Built
1962
Listing Agency:
My Home Group Real Estate
Listed By:
Jason Bru
(480) 466-4917
Source:
Alexiabertsatos
Added: Mar 4
Changed: Oct 6
Last Checked: Oct 6 at 2:45AM
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.
Located at 6935 E 4th Street, this condominium was built in 1962 and has two remodeled bathrooms, including a primary bath with double sinks. Updates include recessed lighting, a newer dishwasher, fresh paint, and flooring. The residence sits beside the community pool, has step-free access, and comes with a storage unit. Short-term and furnished rentals are permitted; the property may also serve as a second home or primary residence.
The property is near Old Town Scottsdale, with restaurants and shops within walking distance. The Waterfront, Scottsdale Museum of Contemporary Art, and Civic Center Park are also nearby, and a trolley provides access to additional Old Town shopping and dining.
The property is near Old Town Scottsdale, with restaurants and shops within walking distance. The Waterfront, Scottsdale Museum of Contemporary Art, and Civic Center Park are also nearby, and a trolley provides access to additional Old Town shopping and dining.
Key Highlights
- Condominium built in 1962
- Short‑term and furnished rentals permitted
- Poolside position with 0 steps
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,992
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,840
$219.8K
Cap Rate 7%
$157,029
$157.0K
Cap Rate 9%
$122,133
$122.1K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$20.9K $21.96/SF
− Vacancy
−$876 −$0.92/SF
EGI
$20.0K $21.04/SF
− OpEx
−$9.0K −$9.47/SF
NOI
$11.0K $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%
$219,840
Cap Rate 7%
$157,029
Cap Rate 9%
$122,133
Alternative Uses
Best Use
Apartment 5plus
$157.0K
$137.4K – $183.2K
NOI $10,992 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$311.9K
$272.9K – $363.8K
NOI $21,830 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,196
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 - Short-term and furnished rentals are permitted, with a community pool on site.
Where is this short term rental property located?
The property is located at 6935 E 4TH Street 4 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Condominium built in 1962; Short‑term and furnished rentals permitted; Poolside position with 0 steps
