Two-Bedroom Residential
New
For Sale
$199,999
925 W PEORIA Avenue 7, Phoenix, AZ 85029
Single-level end unit with a split-bedroom plan, private patio, and assigned covered parking.
Property Size875 SF
Days on Market6
Property Features for 925 W PEORIA Avenue 7
General Information
Standard status
Active
Size
875 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$393
Amenities
community pool
private patio
Building Details
Building Size
875 SF
Year Built
1979
Listing Agency:
DeLex Realty
Listed By:
Lexi Costa · License #SA680571000
(480) 501-9116
Source:
Alexiabertsatos
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 6 at 2:47AM
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 DeLex Realty
Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bathroom condo is a single-level end unit with tile flooring, a split-bedroom layout, and a private patio. Assigned covered parking is included, with guest street parking nearby. The community pool is also close to the unit.
Updates include windows and a second-bedroom glass slider installed in 2023, refreshed showers and toilets in both bathrooms, and a replacement primary bathtub. The water heater dates to 2025; the Whirlpool oven was installed in 2024, and the Whirlpool washer and dryer were added in 2025. Other improvements include an Ecobee Wi-Fi thermostat from 2023 and a new kitchen sink and faucet. The property was built in 1979.
Updates include windows and a second-bedroom glass slider installed in 2023, refreshed showers and toilets in both bathrooms, and a replacement primary bathtub. The water heater dates to 2025; the Whirlpool oven was installed in 2024, and the Whirlpool washer and dryer were added in 2025. Other improvements include an Ecobee Wi-Fi thermostat from 2023 and a new kitchen sink and faucet. The property was built in 1979.
Key Highlights
- 2‑bedroom, 2‑bathroom single‑level end unit
- Split‑bedroom floor plan and private patio
- Assigned covered parking; guest street parking nearby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,206
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,120
$204.1K
Cap Rate 7%
$145,800
$145.8K
Cap Rate 9%
$113,400
$113.4K
Market Conditions
NOI Build-Up for 875 SF
Gross rent
$19.7K $22.56/SF
− Vacancy
−$1.2K −$1.35/SF
EGI
$18.6K $21.21/SF
− OpEx
−$8.4K −$9.54/SF
NOI
$10.2K $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%
$204,120
Cap Rate 7%
$145,800
Cap Rate 9%
$113,400
Alternative Uses
Best Use
Apartment 5plus
$145.8K
$127.6K – $170.1K
NOI $10,206 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$265.0K
$231.9K – $309.2K
NOI $18,553 @ 7.0% cap · market cap 9.28%
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
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 85029, AZ
47,101
Population
19,723
Households
2.4
Avg Household Size
35
Median Age
22%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
5,011
Density / Sq Mi
$60,384
Median Household Income
$37,282
Median Earnings
$1,319
Median Rent
$307,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Single-level end unit with a split-bedroom plan, private patio, and assigned covered parking.
Where is this residential income property located?
The property is located at 925 W PEORIA Avenue 7 Phoenix, AZ.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: 2‑bedroom, 2‑bathroom single‑level end unit; Split‑bedroom floor plan and private patio; Assigned covered parking; guest street parking nearby
