Two-Bedroom Residential Income
For Sale
$315,000
8055 E THOMAS Road E121, Scottsdale, AZ 85251
Two-level unit with updated finishes, private patio, community recreation, and convenient access to on-site amenities.
Property Size1,023 SF
Days on Market203
Property Features for 8055 E THOMAS Road E121
General Information
Standard status
Active
Size
1,023 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$414
Amenities
private patio
on-site laundry facilities
BBQ areas
pool
pickleball and tennis courts
sauna
clubhouse
workout facility
Building Details
Building Size
1,023 SF
Year Built
1972
Listing Agency:
Realty ONE Group
Listed By:
Michele Eldred
(602) 800-9689
Source:
Alexiabertsatos
Added: Apr 15
Changed: Oct 31
Last Checked: Nov 3 at 12:54PM
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 Realty ONE Group
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Investment Insights
Based on property information with market context.
This two-bedroom residential income property in Scottsdale was built in 1972 and arranged across two levels. The main floor includes an open living area, eat-in kitchen, pantry, half bathroom, and private patio. Updated elements include luxury vinyl flooring, stainless steel appliances, an oak staircase, and a renovated full bathroom. Both bedrooms are upstairs and feature vaulted ceilings, spacious closets, and built-in organization systems. The air-conditioning unit is 4 years old.
Community amenities include a swimming pool, pickleball and tennis courts, sauna, clubhouse, workout facility, BBQ areas, and on-site laundry. The unit is positioned near the courts, pool, clubhouse, and laundry facilities. The property is located at 8055 E THOMAS Road D102, Scottsdale, AZ 85251, near El Dorado Park and a range of shopping, dining, and entertainment options.
Community amenities include a swimming pool, pickleball and tennis courts, sauna, clubhouse, workout facility, BBQ areas, and on-site laundry. The unit is positioned near the courts, pool, clubhouse, and laundry facilities. The property is located at 8055 E THOMAS Road D102, Scottsdale, AZ 85251, near El Dorado Park and a range of shopping, dining, and entertainment options.
Key Highlights
- Two‑bedroom, two‑level residential income property
- Private patio connected to the eat‑in kitchen
- Renovated full bathroom and updated oak staircase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,837
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,740
$236.7K
Cap Rate 7%
$169,100
$169.1K
Cap Rate 9%
$131,522
$131.5K
Market Conditions
NOI Build-Up for 1,023 SF
Gross rent
$22.5K $21.96/SF
− Vacancy
−$944 −$0.92/SF
EGI
$21.5K $21.04/SF
− OpEx
−$9.7K −$9.47/SF
NOI
$11.8K $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%
$236,740
Cap Rate 7%
$169,100
Cap Rate 9%
$131,522
Alternative Uses
Best Use
Apartment 5plus
$169.1K
$148.0K – $197.3K
NOI $11,837 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$335.8K
$293.9K – $391.8K
NOI $23,508 @ 7.0% cap · market cap 7.46%
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
1,263
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 - Two-level unit with updated finishes, private patio, community recreation, and convenient access to on-site amenities.
Where is this residential income property located?
The property is located at 8055 E THOMAS Road E121 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two‑bedroom, two‑level residential income property; Private patio connected to the eat‑in kitchen; Renovated full bathroom and updated oak staircase
