Mixed-Use Property with 8 Residential
714 W Main Street, Somerton, AZ 85350
For Sale
$1,350,000
Multi-Family, Somerton, AZ
Property Size4,763 SF
Price / SF$283.43
Days on Market144
Property Features for 714 W Main Street
General Information
Property type
Property subtype
Bedrooms
Rooms
Window features
Appliances
Subdivision
Standard status
APN
Additional Details
Tenant in Place
Mixed-Use Components
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Utilities
Heating system
Cooling system
Water source
Amenities
in-unit washer/dryer
ceiling fans
granite countertops
covered ramadas
paved parking
Building Details
Number of units
Building materials
Roof type
Listing Agency:
Realty Executives McConnaughay · Realty Executives International
(928) 343-9415
Listed By:
Christine M McConnaughay · License AZ BR036090000
(928) 580-3947
Added: Jun 24
Changed: Oct 25
Last Checked: Nov 13 at 11:06PM
MLS# 20262773
Copyright © 2026 Yuma Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Completed in 2022, this mixed-use property combines eight residential units totaling approximately 4,173 square feet with a 590-square-foot commercial suite. The apartments include stoves, refrigerators, and in-unit stackable washers and dryers. Wood-look tile, granite counters, custom cabinetry, ceiling fans, and central air are among the interior features. Frame construction with stucco exterior finishes the building.
The property has paved parking and shared outdoor areas with covered ramadas. Its zoning supports both commercial and multifamily use. Three designated food truck spaces are also part of the site.
The property has paved parking and shared outdoor areas with covered ramadas. Its zoning supports both commercial and multifamily use. Three designated food truck spaces are also part of the site.
Key Highlights
- Eight residential units totaling approximately 4,173 square feet
- Separate 590‑square‑foot commercial suite
- Built in 2022 with frame and stucco construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,259
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,485,180
$1.5M
Cap Rate 7%
$1,060,843
$1.1M
Cap Rate 9%
$825,100
$825.1K
Market Conditions
NOI Build-Up for 4,763 SF
Gross rent
$138.3K $29.04/SF
− Vacancy
−$19.5K −$4.09/SF
EGI
$118.8K $24.95/SF
− OpEx
−$44.6K −$9.35/SF
NOI
$74.3K $15.59/SF
Area
Yuma County, AZ
Vacancy
14.10%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,485,180
Cap Rate 7%
$1,060,843
Cap Rate 9%
$825,100
Alternative Uses
Best Use
Mixed Use
$1.06M
$928.2K – $1.24M
NOI $74,259 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$134.5K
$117.7K – $156.9K
NOI $9,412 @ 7.0% cap · market cap 0.70%
Theoretical Best
Specialty Retail
$2.45M
$2.14M – $2.85M
NOI $171,248 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
Demographics for 85350, AZ
18,486
Population
6,421
Households
2.9
Avg Household Size
31
Median Age
15%
College-Educated
65%
High-School Grad
81.3 sq mi
ZIP Area
227
Density / Sq Mi
$72,115
Median Household Income
$34,506
Median Earnings
$864
Median Rent
$211,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Eight furnished residential units accompany a separate commercial suite in a newer building with commercial and multifamily zoning.
Where is this mixed-use property located?
The property is located at 714 W Main Street Somerton, AZ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Eight residential units totaling approximately 4,173 square feet; Separate 590‑square‑foot commercial suite; Built in 2022 with frame and stucco construction
