Two-Unit Duplex with Covered
For Sale
$750,000
8444 East Coronado Road, Scottsdale, AZ 85257
Each residence offers an open layout, quartz countertops, and stainless steel appliances.
Property Size2,052 SF
Lot Size0.14 Acres
Price / SF$365.50
Days on Market164
Property Features for 8444 East Coronado Road
General Information
Standard status
Active
Size
2,052 SF
Lot size
0.14 Acres
Property subtype
Multiple Dwellings
Zoning
D
Net Operating Income
$45,000
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,148
Amenities
Electric
Other, See Remarks
Carpet
Yes
Composition
Sidewalk(s)
No Pool
1
2
Painted, Block
Building Details
Year Built
1963
Buildings
1
Listing Agency:
Pak Home Realty
(480) 370-8501
Listed By:
Shant Janesian · License #SA666455000
(480) 370-8501
Source:
Compass
Added: Mar 21
Changed: Aug 30
Last Checked: Aug 30 at 1:42PM
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 Pak Home Realty
Investment Insights
Based on property information with market context.
This Scottsdale duplex contains two single-level residences, each configured with two bedrooms and two bathrooms. The property provides approximately 2,052 square feet across both units on a 6,200+ square foot lot. Interior details include open layouts, quartz countertops, stainless steel appliances, wood-style flooring, and generous bedrooms. Each unit also has private outdoor space and covered parking. The building dates to 1963 and carries D zoning.
Positioned at 8444 East Coronado Road, the property is minutes from Old Town Scottsdale, ASU, Tempe, shopping, dining, and Sky Harbor Airport. Its two-unit configuration supports separate residential occupancy within one property, while the single-level layouts and private exterior areas define the individual residences.
Positioned at 8444 East Coronado Road, the property is minutes from Old Town Scottsdale, ASU, Tempe, shopping, dining, and Sky Harbor Airport. Its two-unit configuration supports separate residential occupancy within one property, while the single-level layouts and private exterior areas define the individual residences.
Key Highlights
- Two residences, each with 2 bedrooms and 2 bathrooms
- Approximately 2,052 sq ft across both units
- 6,200+ sq ft lot
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
$27,161
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
3.62%
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%
$543,220
$543.2K
Cap Rate 7%
$388,014
$388.0K
Cap Rate 9%
$301,789
$301.8K
Market Conditions
NOI Build-Up for 2,052 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
$40.6K $19.80/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$38.8K $18.91/SF
− OpEx
−$11.6K −$5.67/SF
NOI
$27.2K $13.24/SF
Area
Scottsdale, AZ
Vacancy
4.50%
Lease Rate
$19.80 /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%
$543,220
Cap Rate 7%
$388,014
Cap Rate 9%
$301,789
Alternative Uses
Best Use
Multifamily LT 5
$388.0K
$339.5K – $452.7K
NOI $27,161 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$339.2K
$296.8K – $395.7K
NOI $23,743 @ 7.0% cap · market cap 3.17%
Theoretical Best
Retail
$673.6K
$589.4K – $785.9K
NOI $47,153 @ 7.0% cap · market cap 6.29%
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
492
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
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 - Each residence offers an open layout, quartz countertops, and stainless steel appliances.
Where is this duplex located?
The property is located at 8444 East Coronado Road Scottsdale, AZ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 bathrooms; Approximately 2,052 sq ft across both units; 6,200+ sq ft lot
