Updated Residential Income
For Sale
$134,000
8211 E GARFIELD Street J219, Scottsdale, AZ 85257
Two-bedroom co-op residence with renovated finishes, screened outdoor space, and community-maintained major building systems.
Property Size888 SF
Days on Market19
Property Features for 8211 E GARFIELD Street J219
General Information
Standard status
Active
Size
888 SF
Property subtype
Apartment
Building Details
Building Size
888 SF
Year Built
1964
Listing Agency:
West USA Realty
Listed By:
Janice G Galvin · License #BR021759000
(602) 432-8298
Source:
Alexiabertsatos
Added: Sep 20
Changed: Sep 29
Last Checked: Oct 7 at 3:58PM
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 West USA Realty
Investment Insights
Based on property information with market context.
This two-bedroom co-op residence, built in 1964, features an updated interior with tile flooring, dual-pane windows, plantation shutters, ceiling fans, and newer kitchen appliances. The open kitchen connects to a screened balcony, while the full bathroom has been refreshed and includes a bidet. Storage and parking are also provided.
Ownership includes access to four laundry rooms, exercise, meeting, and library facilities, along with coverage for taxes, water, garbage, termite service, select building systems, roofs, and in-wall electrical and plumbing. The co-op is cash-only, does not permit rentals, and allows service or comfort animals. The property is near the 101 and 202 freeways, Tempe Marketplace, Old Town, ASU, parks, medical services, shopping, bus service, and a free trolley.
Ownership includes access to four laundry rooms, exercise, meeting, and library facilities, along with coverage for taxes, water, garbage, termite service, select building systems, roofs, and in-wall electrical and plumbing. The co-op is cash-only, does not permit rentals, and allows service or comfort animals. The property is near the 101 and 202 freeways, Tempe Marketplace, Old Town, ASU, parks, medical services, shopping, bus service, and a free trolley.
Key Highlights
- Two‑bedroom co‑op residence built in 1964
- Updated kitchen with newer appliances and screened balcony access
- Tile flooring, dual‑pane windows, plantation shutters, and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,275
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,500
$205.5K
Cap Rate 7%
$146,786
$146.8K
Cap Rate 9%
$114,167
$114.2K
Market Conditions
NOI Build-Up for 888 SF
Gross rent
$19.5K $21.96/SF
− Vacancy
−$819 −$0.92/SF
EGI
$18.7K $21.04/SF
− OpEx
−$8.4K −$9.47/SF
NOI
$10.3K $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%
$205,500
Cap Rate 7%
$146,786
Cap Rate 9%
$114,167
Alternative Uses
Best Use
Apartment 5plus
$146.8K
$128.4K – $171.3K
NOI $10,275 @ 7.0% cap · market cap 7.67%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$291.5K
$255.1K – $340.1K
NOI $20,405 @ 7.0% cap · market cap 15.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 85257, AZ
29,187
Population
16,392
Households
1.8
Avg Household Size
39
Median Age
46%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
4,230
Density / Sq Mi
$79,828
Median Household Income
$54,580
Median Earnings
$1,812
Median Rent
$453,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom co-op residence with renovated finishes, screened outdoor space, and community-maintained major building systems.
Where is this residential income property located?
The property is located at 8211 E GARFIELD Street J219 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $134,000.
What are key features of this property?
This property features: Two‑bedroom co‑op residence built in 1964; Updated kitchen with newer appliances and screened balcony access; Tile flooring, dual‑pane windows, plantation shutters, and ceiling fans
