Renovated Single-Level
837 East Alice Avenue Phoenix, AZ 85020
For Sale
$449,999
Single-level duplex features two 2/1 units, separate laundry in each carport, and a large private yard for the rear unit.
Property Size1,479 SF
Price / SF$304.26
Days on Market193
Property Features for 837 East Alice Avenue
General Information
- Standard status
- Active
- Size
- 1,479 SF
- Property subtype
- Multiple Dwellings
Building Details
- Year Built
- 1953
Listing Agency:
Sell Your Home Services
(888) 219-3009
Listed By:
Daniel Demers · License #BR704482000
(888) 219-3009
Source:
Compass
Added: Jan 11
Changed: Jul 22
Last Checked: Jul 23 at 11:26AM
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 Sell Your Home Services
Investment Insights
Based on property information with market context.
This renovated, single-level duplex offers two separate 2/1 units. The larger rear unit includes new interior wall paint and carpet in the bedrooms, along with a two-car three-walled carport with an electric door opener and a large private back yard. The smaller front unit is also a 2/1 and currently has a long-term tenant.
Each unit has its own separate laundry room located in the carport. The duplex is nonsmoking, with the property described as renovated about 13 years ago with interior and exterior updates completed as needed, and it has been nonsmoking since 2012. The property is xeriscaped, and there is a park across the street with mountain views reported.
The rear unit’s configuration and the overall property setup are described as having expansion possibility to a 4plex. Buyer to verify all details.
Each unit has its own separate laundry room located in the carport. The duplex is nonsmoking, with the property described as renovated about 13 years ago with interior and exterior updates completed as needed, and it has been nonsmoking since 2012. The property is xeriscaped, and there is a park across the street with mountain views reported.
The rear unit’s configuration and the overall property setup are described as having expansion possibility to a 4plex. Buyer to verify all details.
Key Highlights
- Single‑level duplex built in 1953 with 2 total units (both 2/1).
- Rear unit is approx. 779 SF and has new interior wall paint plus carpet in the bedrooms.
- Front unit is approx. 700 SF and has a long‑term tenant.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.3k | $19.80 |
| − Vacancy | −$1.6k | −$1.09 |
| EGI | $27.7k | $18.71 |
| − OpEx | −$8.3k | −$5.61 |
| NOI | $19.4k | $13.10 |
1,479 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$276.7K
$242.1K – $322.9K
NOI $19,371 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$246.4K
$215.6K – $287.5K
NOI $17,250 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$448.0K
$392.0K – $522.7K
NOI $31,360 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Single-level duplex features two 2/1 units, separate laundry in each carport, and a large private yard for the rear unit.
Where is this duplex located?
The property is located at 837 East Alice Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $449,999.
What are key features of this property?
This property features: Single‑level duplex built in 1953 with 2 total units (both 2/1).; Rear unit is approx. 779 SF and has new interior wall paint plus carpet in the bedrooms.; Front unit is approx. 700 SF and has a long‑term tenant.
