Residential Income Property with
9125 E PURDUE Avenue 217, Scottsdale, AZ 85258
For Sale
$379,000
The condo pairs an open living and dining area with a kitchen breakfast nook and two private patios.
Property Size1,189 SF
Price / SF$318.76
Days on Market10
Property Features for 9125 E PURDUE Avenue 217
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
vaulted ceilings
stone fireplace
dual patio
open floor plan
luxury vinyl plank flooring
quartz countertops
stainless steel appliances
breakfast nook
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Arizona Realty
Listed By:
Richard F Barker · License AZ SA635052000
(602) 882-9404
Source:
Alexiabertsatos
Added: Nov 5
Changed: Nov 13
Last Checked: Nov 12 at 3:10PM
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 Keller Williams Arizona Realty
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Investment Insights
Based on property information with market context.
This 1,189-square-foot, two-bedroom, two-bath condo was built in 1984. Its open living and dining areas include vaulted ceilings and a floor-to-ceiling stone fireplace. The kitchen has quartz counters, stainless steel appliances, and a breakfast nook. Luxury vinyl plank flooring was installed in December 2024, and the home also has fresh paint and two private patios.
Key Highlights
- Two bedrooms and two bathrooms across approximately 1,189 square feet
- Vaulted ceilings and a floor‑to‑ceiling stone fireplace
- Quartz countertops, stainless steel appliances, and a kitchen breakfast nook
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,758
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,160
$275.2K
Cap Rate 7%
$196,543
$196.5K
Cap Rate 9%
$152,867
$152.9K
Market Conditions
NOI Build-Up for 1,189 SF
Gross rent
$26.1K $21.96/SF
− Vacancy
−$1.1K −$0.92/SF
EGI
$25.0K $21.04/SF
− OpEx
−$11.3K −$9.47/SF
NOI
$13.8K $11.57/SF
Area
Scottsdale, AZ
Vacancy
4.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,160
Cap Rate 7%
$196,543
Cap Rate 9%
$152,867
Alternative Uses
Best Use
Apartment 5plus
$196.5K
$172.0K – $229.3K
NOI $13,758 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$390.3K
$341.5K – $455.4K
NOI $27,322 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,412
Businesses Nearby
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Business Placement
Demographics for 85258, AZ
25,203
Population
15,566
Households
1.6
Avg Household Size
55
Median Age
63%
College-Educated
99%
High-School Grad
10.3 sq mi
ZIP Area
2,447
Density / Sq Mi
$105,171
Median Household Income
$68,184
Median Earnings
$1,945
Median Rent
$744,600
Median Home Value
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Market
Properties on Market for Residential income properties in Scottsdale
Frequently Asked Questions
What type of property is this?
Residential income property - The condo pairs an open living and dining area with a kitchen breakfast nook and two private patios.
Where is this residential income property located?
The property is located at 9125 E PURDUE Avenue 217 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms across approximately 1,189 square feet; Vaulted ceilings and a floor‑to‑ceiling stone fireplace; Quartz countertops, stainless steel appliances, and a kitchen breakfast nook
