Pool-View Residential
For Sale
$339,000
7777 E MAIN Street #255, Scottsdale, AZ 85251
The second-floor balcony faces one of two community pools, with a gym and hot tub also available to residents.
Property Size1,130 SF
Price / SF$300
Days on Market39
Property Features for 7777 E MAIN Street #255
General Information
Standard status
Active
Size
1,130 SF
Total Parking Spaces
1
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
pool
gym
hot tub
Building Details
Year Built
1982
Year Renovated
2022
Listing Agency:
The Brokery
(602) 892-4444
Listed By:
Anthony Almazan · License #SA651410000
(602) 531-5863
Source:
Kathrynthomas
Added: Sep 22
Changed: Oct 28
Last Checked: Oct 28 at 3:09PM
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 The Brokery
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Investment Insights
Based on property information with market context.
This second-floor condo offers two bedrooms, two bathrooms and 1,130 square feet of living space, along with a balcony overlooking a community pool. The 1982-built residence received interior and cabinet paint, replacement windows, a glass slider, flooring, bathroom vanities and faucets, toilets, shower heads, and room fans in 2022. A dishwasher and garbage disposal were added in 2025; the water heater is newer. The community has two pools, a gym and a hot tub, and the unit includes covered parking.
The property is in Scottsdale, about five minutes from Old Town dining, shopping and nightlife. A Whole Foods project is under construction nearby.
The property is in Scottsdale, about five minutes from Old Town dining, shopping and nightlife. A Whole Foods project is under construction nearby.
Key Highlights
- Two‑bedroom, two‑bath condo with 1,130 square feet
- Second‑floor balcony overlooks a community pool
- Community features two pools, a gym and a hot tub
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,075
Cap Rate
3.86%
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 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$370.9K
$324.6K – $432.8K
NOI $25,966 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,074
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The second-floor balcony faces one of two community pools, with a gym and hot tub also available to residents.
Where is this residential income property located?
The property is located at 7777 E MAIN Street #255 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condo with 1,130 square feet; Second‑floor balcony overlooks a community pool; Community features two pools, a gym and a hot tub
