Prescott Valley Duplex
8501 E Leigh Drive Prescott Valley, AZ 86314
8501 E Leigh Drive, Prescott Valley, AZ, 86314
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For Sale
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Well-maintained duplex with strong rental history in central Prescott Valley.
Property Size2,160 SF
Price / SF$240.74
Days on Market159
Property Features for 8501 E Leigh Drive
General Information
- Standard status
- Active
- Size
- 2,160 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2003
Listing Agency
Realty One Group Mountain Desert
(928) 583-4040
Listed by
Alexander Halenka · License #SA681665000
Source
Crexi
Added: Feb 7 Checked: Jul 13 at 3:13 am
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 Realty One Group Mountain Desert
Investment Insights
Based on property information with market context.
Located in central Prescott Valley, the property at 8501 East Leigh Drive presents a duplex suitable for investors or owner-occupants. The property has been well-maintained. Each of the two units offers 1,080 square feet of living space, featuring two bedrooms, two bathrooms, and a one-car garage. Recent upgrades include a new roof installed in 2024 and new carpet in both units. The property is set back from neighboring homes via a long, secluded driveway, providing privacy. The property is located close to schools, parks, shopping, and dining options. Unit B is available for showings, and Unit A may be shown upon an accepted contract. Both units have an identical layout, condition, and quality. The property offers location, condition, privacy, and long-term value.
Key Highlights
- Premier duplex in central Prescott Valley, ideal for investors or owner‑occupants.
- Strong rental history with quality tenants and recent upgrades, including a new roof in 2024 and new carpet in both units.
- Unique private setting on a long, secluded driveway, offering peace and separation.
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 | $37.6k | $17.40 |
| − Vacancy | −$2.3k | −$1.04 |
| EGI | $35.3k | $16.36 |
| − OpEx | −$10.6k | −$4.91 |
| NOI | $24.7k | $11.45 |
2,160 SF · lease $17.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$353.3K
$309.1K – $412.2K
NOI $24,730 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$328.9K
$287.8K – $383.7K
NOI $23,023 @ 7.0% cap · market cap 4.43%
Theoretical Best
Warehouse
$723.6K
$633.2K – $844.2K
NOI $50,652 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with strong rental history in central Prescott Valley.
Where is this duplex located?
The property is located at 8501 E Leigh Drive Prescott Valley, AZ.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Premier duplex in central Prescott Valley, ideal for investors or owner‑occupants.; **Strong rental history with quality tenants and recent upgrades, including a new roof in 2024 and new carpet in both units.**; Unique private setting on a long, secluded driveway, offering peace and separation.
