Leased Duplex with Private
For Sale
$549,000
Pending
7040 E Roundup Dr, Prescott Valley, AZ 86314
Two leased units offer separately metered utilities and private garages.
Property Size2,168 SF
Days on Market56
Property Features for 7040 E Roundup Dr
General Information
Standard status
Pending
Size
2,168 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Financials
Gross Income
$43,800
Average Monthly Rent
$1,825
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Parking per Unit
2
Building Details
Year Built
2001
Buildings
1
Tenancy
Multi
Listing Agency:
Barrett Real Estate
Listed By:
Justin D Roberts · License #SA679437000
(480) 313-0329
Source:
Searchprescotthouses
Added: Jul 22
Changed: Sep 14
Last Checked: Sep 14 at 12:19PM
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 Barrett Real Estate
Investment Insights
Based on property information with market context.
Built in 2001, this 2,168-square-foot duplex contains two mirrored units, each with 2 bedrooms, 2 bathrooms, and a private two-car garage. Both residences are leased to long-term tenants, with staggered lease expirations that provide varied renewal timing. Separate utility meters serve the units, and the roof was replaced in 2022. The property has no HOA.
Located in Prescott Valley near Glassford Hill shopping, dining, and medical services, the duplex also offers access to Highway 89A. Its combination of existing tenancy, dedicated garages, and independently metered utilities provides a clearly defined residential income property configuration.
Located in Prescott Valley near Glassford Hill shopping, dining, and medical services, the duplex also offers access to Highway 89A. Its combination of existing tenancy, dedicated garages, and independently metered utilities provides a clearly defined residential income property configuration.
Key Highlights
- 2,168 SF duplex built in 2001
- Two mirrored 2‑bedroom, 2‑bathroom units
- Both units leased to long‑term tenants with staggered expirations
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
$24,822
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
4.52%
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%
$496,440
$496.4K
Cap Rate 7%
$354,600
$354.6K
Cap Rate 9%
$275,800
$275.8K
Market Conditions
NOI Build-Up for 2,168 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
$37.7K $17.40/SF
− Vacancy
−$2.3K −$1.04/SF
EGI
$35.5K $16.36/SF
− OpEx
−$10.6K −$4.91/SF
NOI
$24.8K $11.45/SF
Area
Yavapai County, AZ
Vacancy
6.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$496,440
Cap Rate 7%
$354,600
Cap Rate 9%
$275,800
Alternative Uses
Best Use
Multifamily LT 5
$354.6K
$310.3K – $413.7K
NOI $24,822 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$330.1K
$288.9K – $385.2K
NOI $23,109 @ 7.0% cap · market cap 4.21%
Theoretical Best
Warehouse
$726.3K
$635.5K – $847.3K
NOI $50,839 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 86314, AZ
39,461
Population
16,806
Households
2.3
Avg Household Size
44
Median Age
23%
College-Educated
89%
High-School Grad
26.6 sq mi
ZIP Area
1,483
Density / Sq Mi
$67,263
Median Household Income
$37,829
Median Earnings
$1,432
Median Rent
$363,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two leased units offer separately metered utilities and private garages.
Where is this duplex located?
The property is located at 7040 E Roundup Dr Prescott Valley, AZ.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 2,168 SF duplex built in 2001; Two mirrored 2‑bedroom, 2‑bathroom units; Both units leased to long‑term tenants with staggered expirations
