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    8916 11Th St Phoenix, AZ 85020

    For Sale
    $625,000

    Sunnyslope investment: Duplex + 4-plex plans!

    Property size:
    2,049 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This Phoenix, Arizona property offers a fantastic investment opportunity. The existing duplex, built in 1964, features 2,049 square feet on an 8,714 square foot lot, with each unit individually metered for electricity. The asking price is $625,000, representing a $312,500 price per unit and a $305.03 price per square foot. The property boasts a 4.35% cap rate and a net operating income (NOI) of $27,164. The R-4 zoning permits the construction of a fourplex on the rear parcel, for which all necessary lot approvals, plans, and variances (requiring minor renewal) are included. Pre-application plans have been reviewed and approved by the city, and a completed site plan is available. Civil engineering plans, including grading and drainage, fireline, and private water and sewer plans are underway or complete, with minor updates needed. Building plans are in progress and will be finalized upon site plan approval. The property is located at 8916 North 11th Street, Phoenix, AZ 85020, in the desirable Sunnyslope neighborhood, offering proximity to major highways, excellent schools, and local amenities, including a park across the street. The previous outbuilding has been demolished and removed. The rear lot has a separate address (8918 N 11th St). This turnkey investment combines immediate income with significant future growth potential.

    Property Features for 8916 11Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,049 SF
    Class
    B

    Building Details

    Year Built
    1964
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • Excellent investment opportunity: Phoenix, AZ duplex, 2,049 sq ft on 8,714 sq ft lot, asking $625,000.
    • Existing duplex features individually metered units, 4.35% cap rate, $27,164 NOI.
    • R‑4 zoning allows fourplex construction on rear lot; all necessary approvals, plans, and variances included (minor renewal needed).
    • Turnkey investment with immediate income and significant future growth potential; located in desirable Sunnyslope neighborhood near major highways, schools, and amenities.
    • Property includes two addresses: 8916 and 8918 N 11th St, Phoenix, AZ 85020.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.0590712
    Latitude
    33.5665864

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    FAQs

    What type of property is this?
    Multifamily property - Sunnyslope investment: Duplex + 4-plex plans!
    Where is this multifamily property located?
    The property is located at 8916 11Th St Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Excellent investment opportunity: Phoenix, AZ duplex, 2,049 sq ft on 8,714 sq ft lot, asking $625,000.; Existing duplex features individually metered units, 4.35% cap rate, $27,164 NOI.; R-4 zoning allows fourplex construction on rear lot; all necessary approvals, plans, and variances included (minor renewal needed).
    Request Owner's contact information
    8916 11Th St Phoenix, AZ 85020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8916 11Th St Phoenix, AZ 85020
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