Three-Unit Income Property with
85 North Morrison Avenue Casa Grande, AZ 85122
85 North Morrison Avenue, Casa Grande, AZ, 85122
$259,000
For Sale
$259,000
Triplex offers three separate units with private yards and dedicated parking, including front and alley access.
Property Size2,199 SF
Price / SF$117.78
Days on Market102
Property Features for 85 North Morrison Avenue
General Information
- Standard status
- Active
- Size
- 2,199 SF
- Property subtype
- Multiple Dwellings
Building Details
- Year Built
- 1934
Listing agency
HomeSmart Premier
(520) 560-3470
Listed by
April Lynn Crimmins · License #SA682309000
(520) 560-3470
Source
Compass
Added: Apr 11 Updated: Jul 20 at 11:40PM Checked: Jul 21 at 6:00AM
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 HomeSmart Premier
Investment Insights
Based on property information with market context.
This triplex includes three distinct units, arranged so that two units are attached while the third is a separate residence. Each unit features a living room, dining area, and kitchen, with private yards and dedicated parking spaces for residents.
Unit 1 provides 3 bedrooms and 1 bathroom in approximately 1,030 square feet and is accessible from the front of the property. Units 2 and 3 offer 2 bedrooms/1 bathroom (approximately 685 square feet) and 1 bedroom/1 bathroom (approximately 484 square feet), respectively, with access via the alley for both of these units.
Located at 85 North Morrison Avenue in Casa Grande, Arizona, the property is described as being near shops, dining, and highways.
Unit 1 provides 3 bedrooms and 1 bathroom in approximately 1,030 square feet and is accessible from the front of the property. Units 2 and 3 offer 2 bedrooms/1 bathroom (approximately 685 square feet) and 1 bedroom/1 bathroom (approximately 484 square feet), respectively, with access via the alley for both of these units.
Located at 85 North Morrison Avenue in Casa Grande, Arizona, the property is described as being near shops, dining, and highways.
Key Highlights
- Triplex with 3 total units across 2 buildings (year built 1934)
- Unit mix: 3 bed/1 bath (1,030 SF), 2 bed/1 bath (685 SF), and 1 bed/1 bath (484 SF)
- Each unit includes a living room, dining area, and kitchen
Local 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 | $30.3k | $13.80 |
| − Vacancy | −$3.4k | −$1.53 |
| EGI | $27.0k | $12.27 |
| − OpEx | −$8.1k | −$3.68 |
| NOI | $18.9k | $8.59 |
2,199 SF · lease $13.80/SF/yr · vacancy 11.11% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$269.7K
$236.0K – $314.7K
NOI $18,882 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$247.2K
$216.3K – $288.4K
NOI $17,301 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$607.9K
$532.0K – $709.3K
NOI $42,556 @ 7.0% cap · market cap 16.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex offers three separate units with private yards and dedicated parking, including front and alley access.
Where is this triplex located?
The property is located at 85 North Morrison Avenue Casa Grande, AZ.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Triplex with 3 total units across 2 buildings (year built 1934); Unit mix: 3 bed/1 bath (1,030 SF), 2 bed/1 bath (685 SF), and 1 bed/1 bath (484 SF); Each unit includes a living room, dining area, and kitchen
