Two-Bedroom Residential
New
For Sale
$219,900
9423 N 59th Ave #135, Glendale, AZ 85302
Private attached garage, patio, and access to a community pool and heated spa complement this two-bedroom residence.
Property Size1,105 SF
Price / SF$199
Days on Market6
Property Features for 9423 N 59th Ave #135
General Information
Standard status
Active
Size
1,105 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Amenities
pool
heated spa
private patio
wood-burning fireplace
washer/dryer hookups
Building Details
Year Built
1983
Listing Agency:
Jm Realty
(480) 785-5612
Listed By:
Ryan Bieber
(623) 323-9559
Source:
Searcharizonahomesforsale
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 12 at 8:22PM
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 Jm Realty
Investment Insights
Based on property information with market context.
This 1,105-square-foot residential condo has two bedrooms and an open floor plan. LVT flooring covers the main living areas, while the kitchen features butcher block countertops and travertine flooring; the bathroom also has travertine. A wood-burning fireplace, recessed LED lighting, and a newer AC unit are among the interior features. Both bedrooms include built-in shelving, and the private patio has slate pavers. Stackable washer and dryer hookups and an attached one-car garage add practical utility.
Built in 1983, the condo is part of a community with a pool and heated spa. It is near Glendale Community College, Sahuaro Ranch Park, Glendale Public Library, and historic Downtown Glendale.
Built in 1983, the condo is part of a community with a pool and heated spa. It is near Glendale Community College, Sahuaro Ranch Park, Glendale Public Library, and historic Downtown Glendale.
Key Highlights
- 1,105 square feet with two bedrooms and an open floor plan
- Private attached one‑car garage
- Community pool and heated spa
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,251
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,020
$225.0K
Cap Rate 7%
$160,729
$160.7K
Cap Rate 9%
$125,011
$125.0K
Market Conditions
NOI Build-Up for 1,105 SF
Gross rent
$21.9K $19.80/SF
− Vacancy
−$1.4K −$1.29/SF
EGI
$20.5K $18.51/SF
− OpEx
−$9.2K −$8.33/SF
NOI
$11.3K $10.18/SF
Area
Glendale, AZ
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,020
Cap Rate 7%
$160,729
Cap Rate 9%
$125,011
Alternative Uses
Best Use
Apartment 5plus
$160.7K
$140.6K – $187.5K
NOI $11,251 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$347.1K
$303.7K – $405.0K
NOI $24,297 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Explore this area
Business Placement
Demographics for 85302, AZ
41,369
Population
15,767
Households
2.6
Avg Household Size
36
Median Age
20%
College-Educated
85%
High-School Grad
6.0 sq mi
ZIP Area
6,895
Density / Sq Mi
$62,516
Median Household Income
$38,629
Median Earnings
$1,241
Median Rent
$326,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Private attached garage, patio, and access to a community pool and heated spa complement this two-bedroom residence.
Where is this residential income property located?
The property is located at 9423 N 59th Ave #135 Glendale, AZ.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: 1,105 square feet with two bedrooms and an open floor plan; Private attached one‑car garage; Community pool and heated spa
