Prescott Valley Duplex
For Sale
$440,000
Pending
8501 E Leigh Dr, Prescott Valley, AZ 86314
Well-maintained duplex with strong rental history in central Prescott Valley.
Property Size2,161 SF
Days on Market215
Property Features for 8501 E Leigh Dr
General Information
Standard status
Pending
Size
2,161 SF
Property subtype
Multi-Family
Building Details
Year Built
2003
Listing Agency:
Realty ONE Group Mountain Desert
Listed By:
Alexander Halenka · License #SA681665000
(928) 583-4040
Source:
Searchprescotthouses
Added: Mar 27
Changed: Oct 25
Last Checked: Oct 26 at 4:37PM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,742
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,840
$494.8K
Cap Rate 7%
$353,457
$353.5K
Cap Rate 9%
$274,911
$274.9K
Market Conditions
NOI Build-Up for 2,161 SF
Gross rent
$37.6K $17.40/SF
− Vacancy
−$2.3K −$1.04/SF
EGI
$35.3K $16.36/SF
− OpEx
−$10.6K −$4.91/SF
NOI
$24.7K $11.45/SF
Area
Yavapai County, AZ
Vacancy
6.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,840
Cap Rate 7%
$353,457
Cap Rate 9%
$274,911
Alternative Uses
Best Use
Multifamily LT 5
$353.5K
$309.3K – $412.4K
NOI $24,742 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$329.1K
$287.9K – $383.9K
NOI $23,034 @ 7.0% cap · market cap 5.24%
Theoretical Best
Warehouse
$723.9K
$633.4K – $844.6K
NOI $50,675 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
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Business Placement
Demographics for 86314, AZ
39,461
Population
16,806
Households
2.3
Avg Household Size
44
Median Age
23%
College-Educated
89%
High-School Grad
26.6 sq mi
ZIP Area
1,483
Density / Sq Mi
$67,263
Median Household Income
$37,829
Median Earnings
$1,432
Median Rent
$363,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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 Dr Prescott Valley, AZ.
What is the asking price?
The asking price for this property is $440,000.
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.
