Residential Income Property with
For Sale
$294,000
8055 E THOMAS Road D102, Scottsdale, AZ 85251
The two-bedroom residence includes a private patio and access to shared recreational and fitness amenities.
Property Size1,023 SF
Price / SF$287.39
Days on Market220
Property Features for 8055 E THOMAS Road D102
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
on-site laundry facilities
built-in BBQ areas
pool
pickleball and tennis courts
sauna
clubhouse access
fully equipped workout facility
Building Details
Building Size
1,023 SF
Year Built
1972
Listing Agency:
Keller Williams Realty Phoenix
Listed By:
Eric Brossart · License #SA662931000
(602) 741-6394
Source:
Curiare
Added: Mar 25
Changed: Oct 27
Last Checked: Oct 26 at 2:37PM
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 Keller Williams Realty Phoenix
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Investment Insights
Based on property information with market context.
This 1,023-square-foot residence was built in 1972 and has two bedrooms, one full bathroom, and a downstairs half bath. The two-level layout features 9-foot ceilings on the main level, luxury vinyl flooring, and an eat-in kitchen with stainless steel appliances, a mobile island, and pantry. A private patio extends the living space outdoors. Upstairs, both bedrooms have vaulted ceilings and closet systems; the full bathroom has been renovated. The air-conditioning unit is four years old.
Shared community amenities include a pool, sauna, clubhouse, workout facility, BBQ areas, tennis and pickleball courts, and on-site laundry. El Dorado Park and a range of shopping, dining, and entertainment options are also nearby.
Shared community amenities include a pool, sauna, clubhouse, workout facility, BBQ areas, tennis and pickleball courts, and on-site laundry. El Dorado Park and a range of shopping, dining, and entertainment options are also nearby.
Key Highlights
- 1,023 square feet with two bedrooms, one full bathroom, and a half bath
- Private patio and eat‑in kitchen with pantry and mobile island
- 9‑foot main‑level ceilings and luxury vinyl flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,837
Cap Rate
4.03%
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 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$335.8K
$293.9K – $391.8K
NOI $23,508 @ 7.0% cap · market cap 8.00%
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 - The two-bedroom residence includes a private patio and access to shared recreational and fitness amenities.
Where is this residential income property located?
The property is located at 8055 E THOMAS Road D102 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $294,000.
What are key features of this property?
This property features: 1,023 square feet with two bedrooms, one full bathroom, and a half bath; Private patio and eat‑in kitchen with pantry and mobile island; 9‑foot main‑level ceilings and luxury vinyl flooring
