10411 E 1st St Apache Junction, AZ 85120
University Manor NeighborhoodEstimated payment $6,414/month
Total Views
5,086
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Bed
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Bath
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Sq Ft
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Price per Sq Ft
About This Home
10411 E 1st St is a 6-unit, 5-building multifamily asset on a 1.04-acre lot in Apache Junction, offering investors a rare combination of low operating expenses, strong in-place income, and clear rent-growth upside. The property is positioned in a high-demand workforce housing corridor with durable tenant demand and minimal competing supply. With a reported NOI of $69,600 and a 5.8% cap rate at list price, the asset performs as a stabilized cash-flowing investment with for appreciation. The property's in-place rents are materially below market, especially for the 1-bedroom units averaging $950, which is low for the East Valley's workforce housing segment.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,220
Year Built
- Built in 1973
Home Design
- Wood Frame Construction
- Composition Roof
- Metal Roof
- Block Exterior
- Stucco
Parking
- 15 Open Parking Spaces
- 15 Parking Spaces
Schools
- Sousa Elementary School
- Skyline High School
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 220-47-059-A
Community Details
Overview
- 5 Buildings
- 6 Units
- Building Dimensions are 246x156
Building Details
- Operating Expense $29,320
- Gross Income $68,904
- Net Operating Income $69,600
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,220 | $13,529 | -- | -- |
| 2024 | $1,235 | $12,884 | -- | -- |
| 2023 | $1,235 | $45,430 | $9,080 | $36,350 |
| 2022 | $1,205 | $31,470 | $6,290 | $25,180 |
| 2021 | $1,202 | $32,060 | $6,410 | $25,650 |
| 2020 | $1,193 | $29,550 | $5,910 | $23,640 |
| 2019 | $1,105 | $25,000 | $5,000 | $20,000 |
| 2018 | $1,078 | $21,180 | $4,230 | $16,950 |
| 2017 | $1,041 | $16,900 | $3,380 | $13,520 |
| 2016 | $1,019 | $16,010 | $3,200 | $12,810 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/02/2026 03/02/26 | For Sale | $1,200,000 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
About the Listing Agent
Eric Williamson Top 1% Listing Agent | Program Director, 72SOLD | Founder, Blushing Charlie Precision-Engineered Sales | Emotionally Intelligent Strategy | AI-Enhanced Execution Every client journey begins with one question: “What does your perfect sale feel like?” Eric’s methodology blends strategic pricing, custom presentation, and seamless negotiation with emotional insight and market intelligence. His approach activates buyer psychology, accelerates decision-making, and delivers
Eric's Other Listings
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6991508
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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