Remodeled Residential Income
For Sale
$349,000
7777 E MAIN Street 259, Scottsdale, AZ 85251
Updated condo with quartz countertops, a private balcony, and access to two community pools and spas.
Property Size1,130 SF
Days on Market58
Property Features for 7777 E MAIN Street 259
General Information
Standard status
Active
Size
1,130 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$705
Amenities
private balcony
pool
spas
fitness center
clubhouse
walking paths
Building Details
Building Size
1,130 SF
Year Built
1982
Listing Agency:
ProSmart Realty
Listed By:
Zachary Young
(425) 241-6531
Source:
Alexiabertsatos
Added: Sep 7
Changed: Oct 31
Last Checked: Nov 1 at 1:35PM
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 ProSmart Realty
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Investment Insights
Based on property information with market context.
This two-bedroom, two-bath condominium was remodeled with updated flooring, quartz countertops, designer fixtures, and an open interior layout. A private balcony overlooks the pool, adding outdoor space to the residence. The property was built in 1982 and is located within the Scottsdale Springs community.
Community amenities include two pools, spas, a fitness center, clubhouse, and walking paths along the canal. The residence is near Old Town Scottsdale’s restaurants, shops, galleries, and nightlife, providing access to established entertainment and retail destinations. Its configuration and location support use as a full-time residence, seasonal home, or rental property, as described in the listing information.
Community amenities include two pools, spas, a fitness center, clubhouse, and walking paths along the canal. The residence is near Old Town Scottsdale’s restaurants, shops, galleries, and nightlife, providing access to established entertainment and retail destinations. Its configuration and location support use as a full-time residence, seasonal home, or rental property, as described in the listing information.
Key Highlights
- Two‑bedroom, two‑bath condominium remodeled with updated flooring, quartz countertops, and designer fixtures
- Private balcony overlooking the pool
- Two community pools and spas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,075
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,500
$261.5K
Cap Rate 7%
$186,786
$186.8K
Cap Rate 9%
$145,278
$145.3K
Market Conditions
NOI Build-Up for 1,130 SF
Gross rent
$24.8K $21.96/SF
− Vacancy
−$1.0K −$0.92/SF
EGI
$23.8K $21.04/SF
− OpEx
−$10.7K −$9.47/SF
NOI
$13.1K $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%
$261,500
Cap Rate 7%
$186,786
Cap Rate 9%
$145,278
Alternative Uses
Best Use
Apartment 5plus
$186.8K
$163.4K – $217.9K
NOI $13,075 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$370.9K
$324.6K – $432.8K
NOI $25,966 @ 7.0% cap · market cap 7.44%
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
4,074
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
Frequently Asked Questions
What type of property is this?
Residential income property - Updated condo with quartz countertops, a private balcony, and access to two community pools and spas.
Where is this residential income property located?
The property is located at 7777 E MAIN Street 259 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium remodeled with updated flooring, quartz countertops, and designer fixtures; Private balcony overlooking the pool; Two community pools and spas
