714 W MAIN ST, Somerton, AZ 85350
MULTI_FAMILY - Somerton, AZ
- Added:
- Jun 24, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 27 at 2:06 pm
Property Features for 714 W MAIN ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Comm/Multi Fam
- Bedrooms
- 8
- Bathrooms
- 1
- Rooms
- Bedroom 8, Bedroom 3, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 1
- Interior features
- Smoke/Heat Det, D/Paned Windows, Range/Ovens, Refrigerators
- Standard status
- Active
- Lot size
- 1,707.09 Acres
Taxes and HOA fees
- Tax Description
- Subdivision: LIMITLESS PURSUITS LOT TIE Lot: A Section: 34 Township: 09S Range: 24W
Building Details
- Number of units
- 9
- Building materials
- Frame/Stucco
- Roof type
- Asphalt, Flat
Listing agent Christine McConnaughay License #BR036090000 (928) 580-3947
Listing office Realty Executives McConnaughay 331 Madison Ave, Yuma, AZ (928) 343-9415
Listing date Jun 24, 2026
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.
HighLights
- Built in 2022 mixed‑use property with 8 residential units totaling approx. 4,173 SF plus 590 SF commercial space
- Current income: 8 units rented at $750/month each and commercial space leased at $835/month (total $6,835/month)
- Zoned for both commercial and multifamily use for added flexibility
- Each unit includes appliances: stoves/range and refrigerators, plus in‑unit stackable washer/dryer and ceiling fans
- Includes wood‑look tile flooring, granite countertops, and custom cabinetry across the residential units
- Additional income potential: 3 dedicated food truck spaces with potential of $400/month each (potential $8,035/month total)
Overview
The property is zoned for both commercial and multifamily use and is located on a highly visible, well-traveled corridor. The listing notes convenient access to shopping, dining, schools, and major transportation routes.
From a tenant and operator standpoint, the mix of unit types and amenities is designed for straightforward day-to-day management. The commercial space is currently leased, and the residential units are rented. In addition, the site includes three dedicated food truck spaces; the remarks cite potential income for those spaces of approximately $400 per month each. Overall, the configuration supports flexible use under the Comm/Multi Fam zoning while providing income-producing residential and commercial components.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.3k | $29.04 |
| − Vacancy | −$19.5k | −$4.09 |
| EGI | $118.8k | $24.95 |
| − OpEx | −$44.6k | −$9.35 |
| NOI | $74.3k | $15.59 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Somerton
- County
- Yuma
- State
- Arizona
- Longitude
- -114.716614
- Latitude
- 32.59692
