Furnished Residential Income
New
For Sale
$197,500
9151 W Greenway Rd #283, Peoria, AZ 85381
A corner residence comes equipped with two private patios and furnishings.
Property Size968 SF
Price / SF$204.03
Days on Market2
Property Features for 9151 W Greenway Rd #283
General Information
Standard status
Active
Size
968 SF
Property subtype
Multi-Family
Additional Details
Furnished
Yes
Multifamily Units
1
Amenities
pool
spa
weight room
community gathering room with kitchen
lake
boating
Building Details
Year Built
1998
Listing Agency:
Realty One Group
(623) 552-3773
Listed By:
Ryan Bieber
(623) 323-9559
Source:
Searcharizonahomesforsale
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 2:29AM
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
Investment Insights
Based on property information with market context.
This 968-square-foot corner residence was built in 1998 and is offered with furniture, appliances, linens, cookware, and two bicycles. Interior details include tile flooring, oak cabinetry, double bathroom sinks, and 9-foot ceilings. A den and living room each have a sleeper sofa, and the home has two private patios.
Residents have access to a pool, spa, weight room, and a community gathering room with a kitchen. The master-planned Desert Harbor community also includes a 46-acre lake with fish and waterfowl. Boating is permitted without gas engines, and the lake supports kayaking and canoeing.
Residents have access to a pool, spa, weight room, and a community gathering room with a kitchen. The master-planned Desert Harbor community also includes a 46-acre lake with fish and waterfowl. Boating is permitted without gas engines, and the lake supports kayaking and canoeing.
Key Highlights
- 968‑square‑foot corner residence built in 1998
- Furniture, appliances, linens, cookware, and two bicycles included
- Two private patios and 9‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,850
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,000
$217.0K
Cap Rate 7%
$155,000
$155.0K
Cap Rate 9%
$120,556
$120.6K
Market Conditions
NOI Build-Up for 968 SF
Gross rent
$21.3K $21.96/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$19.7K $20.38/SF
− OpEx
−$8.9K −$9.17/SF
NOI
$10.8K $11.21/SF
Area
Peoria, AZ
Vacancy
7.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,000
Cap Rate 7%
$155,000
Cap Rate 9%
$120,556
Alternative Uses
Best Use
Apartment 5plus
$155.0K
$135.6K – $180.8K
NOI $10,850 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$238.3K
$208.5K – $278.1K
NOI $16,683 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Explore this area
Business Placement
Demographics for 85381, AZ
27,008
Population
11,393
Households
2.4
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
6.7 sq mi
ZIP Area
4,031
Density / Sq Mi
$94,442
Median Household Income
$49,458
Median Earnings
$1,726
Median Rent
$407,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A corner residence comes equipped with two private patios and furnishings.
Where is this residential income property located?
The property is located at 9151 W Greenway Rd #283 Peoria, AZ.
What is the asking price?
The asking price for this property is $197,500.
What are key features of this property?
This property features: 968‑square‑foot corner residence built in 1998; Furniture, appliances, linens, cookware, and two bicycles included; Two private patios and 9‑foot ceilings
