Ground-Level Residential Income
8802 N 8TH Street A2, Phoenix, AZ 85020
For Sale
$165,000
Two-bedroom apartment with a private patio, tile flooring, in-unit laundry, and access to a community pool and park.
Property Size902 SF
Days on Market116
Property Features for 8802 N 8TH Street A2
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
West USA Realty
Listed By:
Rafael Escobedo Jr
(623) 251-8086
Source:
Alexiabertsatos
Added: Jul 17
Changed: Oct 31
Last Checked: Nov 8 at 3:28PM
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 West USA Realty
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Investment Insights
Based on property information with market context.
This ground-level apartment unit includes 2 bedrooms and 2 bathrooms within Continental Plaza. The interior features a living room with blinds and tile flooring, plus a kitchen equipped with flat-panel wood cabinetry, built-in appliances, a pantry, and a two-tier peninsula with breakfast bar seating. The primary bedroom offers a private bathroom, stacked washer and dryer, and walk-in closet.
Built in 1981, the unit also includes a front patio. Community amenities include a pool and park, with mountain views noted from the property. The address is 8802 N 8TH Street A2 in Phoenix, Arizona.
Built in 1981, the unit also includes a front patio. Community amenities include a pool and park, with mountain views noted from the property. The address is 8802 N 8TH Street A2 in Phoenix, Arizona.
Key Highlights
- Ground‑level 2‑bedroom, 2‑bath apartment unit
- Front patio and durable tile flooring
- Kitchen with built‑in appliances, pantry, and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,520
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,400
$210.4K
Cap Rate 7%
$150,286
$150.3K
Cap Rate 9%
$116,889
$116.9K
Market Conditions
NOI Build-Up for 902 SF
Gross rent
$20.3K $22.56/SF
− Vacancy
−$1.2K −$1.35/SF
EGI
$19.1K $21.21/SF
− OpEx
−$8.6K −$9.54/SF
NOI
$10.5K $11.66/SF
Area
Phoenix, AZ
Vacancy
6.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,400
Cap Rate 7%
$150,286
Cap Rate 9%
$116,889
Alternative Uses
Best Use
Apartment 5plus
$150.3K
$131.5K – $175.3K
NOI $10,520 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$273.2K
$239.1K – $318.8K
NOI $19,126 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,837
Businesses Nearby
Explore this area
Business Placement
Demographics for 85020, AZ
34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
Median Home Value
Market
Properties on Market for Residential income properties in Phoenix
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom apartment with a private patio, tile flooring, in-unit laundry, and access to a community pool and park.
Where is this residential income property located?
The property is located at 8802 N 8TH Street A2 Phoenix, AZ.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Ground‑level 2‑bedroom, 2‑bath apartment unit; Front patio and durable tile flooring; Kitchen with built‑in appliances, pantry, and breakfast bar
