Single-Story Duplex with
For Sale
$649,000
7869 E Spouse Dr, Prescott Valley, AZ 86314
Two separate residences offer distinct garage, laundry, outdoor, and backyard features within one no-HOA property.
Property Size2,420 SF
Lot Size0.28 Acres
Price / SF$268.18
Days on Market18
Property Features for 7869 E Spouse Dr
General Information
Standard status
Active
Size
2,420 SF
Total Parking Spaces
3
Lot size
0.28 Acres
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
sunroom
dedicated laundry room
covered patio
gated backyard
workshop shed
Building Details
Year Built
1981
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Compass
(602) 317-4123
Listed By:
Cathy E Fassero · License #BR539511000
Source:
Legacyren
Added: Aug 11
Changed: Aug 28
Last Checked: Aug 28 at 6:17AM
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 Compass
Investment Insights
Based on property information with market context.
This single-story duplex, built in 1981, includes two separately configured residences and a detached 200-square-foot workshop shed. Unit A contains 3 bedrooms, 2 baths, and 1,500 square feet, along with a two-car garage, bonus sunroom, dedicated laundry room, and gated backyard. It is leased long term. Unit B offers 2 bedrooms, 1 bath, and 900 square feet, plus a one-car garage, laundry room, covered patio, and gated backyard. Remodeling within the last five years added an updated kitchen, flooring, and bath; the unit is vacant and move-in ready.
A half-circle drive and side driveway provide parking for both residences. Additional property features include a roof installed in 2023, no HOA, and tenant-paid utilities. The property is near schools, parks, restaurants, and shopping in Prescott Valley.
A half-circle drive and side driveway provide parking for both residences. Additional property features include a roof installed in 2023, no HOA, and tenant-paid utilities. The property is near schools, parks, restaurants, and shopping in Prescott Valley.
Key Highlights
- Two‑unit duplex with 3‑bedroom and 2‑bedroom residences
- Unit A: 1,500 sq ft, 2‑car garage, sunroom, laundry room, and gated backyard
- Unit B: 900 sq ft, 1‑car garage, covered patio, and gated backyard
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
$27,707
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
4.27%
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%
$554,140
$554.1K
Cap Rate 7%
$395,814
$395.8K
Cap Rate 9%
$307,856
$307.9K
Market Conditions
NOI Build-Up for 2,420 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
$42.1K $17.40/SF
− Vacancy
−$2.5K −$1.04/SF
EGI
$39.6K $16.36/SF
− OpEx
−$11.9K −$4.91/SF
NOI
$27.7K $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%
$554,140
Cap Rate 7%
$395,814
Cap Rate 9%
$307,856
Alternative Uses
Best Use
Multifamily LT 5
$395.8K
$346.3K – $461.8K
NOI $27,707 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$368.5K
$322.4K – $429.9K
NOI $25,795 @ 7.0% cap · market cap 3.97%
Theoretical Best
Warehouse
$810.7K
$709.4K – $945.8K
NOI $56,749 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
226
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer distinct garage, laundry, outdoor, and backyard features within one no-HOA property.
Where is this duplex located?
The property is located at 7869 E Spouse Dr Prescott Valley, AZ.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two‑unit duplex with 3‑bedroom and 2‑bedroom residences; Unit A: 1,500 sq ft, 2‑car garage, sunroom, laundry room, and gated backyard; Unit B: 900 sq ft, 1‑car garage, covered patio, and gated backyard
