Single-Story Duplex with
New
For Sale
$649,000
7869 E Spouse Drive, Prescott Valley, AZ 86314
MULTI_FAMILY - Prescott Valley, AZ
Property Size2,746 SF
Lot Size0.28 Acres
Price / SF$236.34
Days on Market3
Property Features for 7869 E Spouse Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2-4
Bedrooms
5
Bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 5
Exterior features
Fence, Balcony, Sprinkler/Drip
Fencing
Fenced
Lot features
Landscaped
Standard status
Active
APN
7779
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PRESCOTT VALLEY UNIT 19 LOT 7779 AND THE W 9' OF LOT 7780 CONT .2 8AC
Tax Annual Amount
1600
Legal Description
PRESCOTT VALLEY UNIT 19 LOT 7779 AND THE W 9' OF LOT 7780 CONT .2 8AC
Utilities
Utilities
Cable Available
Heating system
Natural Gas
Cooling system
Ceiling Fan(s), Evaporative Cooling
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Carpet, Tile
Building materials
Frame
Roof type
Asphalt
Listing Agency:
Compass
(480) 776-1555
Listed By:
Cathy E Fassero · License #BR539511000
(602) 317-4123
Added: Aug 7
Changed: Aug 8
Last Checked: Aug 9 at 12:06AM
MLS# 1084267
Copyright © 2026 Prescott Area 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.
Investment Insights
Based on property information with market context.
This single-story duplex contains 2,746 square feet on a 0.28-acre parcel and was built in 1981. Unit A provides 3 bedrooms, 2 baths, 1,500 square feet, a two-car garage, sunroom, laundry room, and gated backyard; it is leased long term. Unit B includes 2 bedrooms, 1 bath, 900 square feet, a one-car garage, laundry room, covered patio, and gated backyard. Its kitchen, flooring, and bathroom were updated within the last five years, and the unit is vacant.
A half-circle drive and side driveway provide parking for both residences. The property also includes a detached 200-square-foot workshop shed, asphalt roofing replaced in 2023, R2-4 zoning, public water, natural gas heat, and evaporative cooling. Tenants pay all utilities, and there is no HOA. The property is near schools, parks, restaurants, and shopping in Prescott Valley.
A half-circle drive and side driveway provide parking for both residences. The property also includes a detached 200-square-foot workshop shed, asphalt roofing replaced in 2023, R2-4 zoning, public water, natural gas heat, and evaporative cooling. Tenants pay all utilities, and there is no HOA. The property is near schools, parks, restaurants, and shopping in Prescott Valley.
Key Highlights
- 2,746 sq ft duplex on a 0.28‑acre parcel
- Unit A: 3 bedrooms, 2 baths, 1,500 sq ft, and a two‑car garage
- Unit B: 2 bedrooms, 1 bath, 900 sq ft, and a one‑car garage
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
$31,440
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
4.84%
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%
$628,800
$628.8K
Cap Rate 7%
$449,143
$449.1K
Cap Rate 9%
$349,333
$349.3K
Market Conditions
NOI Build-Up for 2,746 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
$47.8K $17.40/SF
− Vacancy
−$2.9K −$1.04/SF
EGI
$44.9K $16.36/SF
− OpEx
−$13.5K −$4.91/SF
NOI
$31.4K $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%
$628,800
Cap Rate 7%
$449,143
Cap Rate 9%
$349,333
Alternative Uses
Best Use
Multifamily LT 5
$449.1K
$393.0K – $524.0K
NOI $31,440 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$418.1K
$365.9K – $487.8K
NOI $29,270 @ 7.0% cap · market cap 4.51%
Theoretical Best
Warehouse
$919.9K
$804.9K – $1.07M
NOI $64,393 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
148
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 layouts, private outdoor areas, and dedicated laundry space for each unit.
Where is this duplex located?
The property is located at 7869 E Spouse Drive 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: 2,746 sq ft duplex on a 0.28‑acre parcel; Unit A: 3 bedrooms, 2 baths, 1,500 sq ft, and a two‑car garage; Unit B: 2 bedrooms, 1 bath, 900 sq ft, and a one‑car garage
