10411 E 1st St Apache Junction, AZ 85120
University Manor NeighborhoodEstimated payment $5,493/month
Highlights
- RV Access or Parking
- Forced Air Heating and Cooling System
- Ceiling Fan
- Franklin at Brimhall Elementary School Rated A
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.
***SELLER MAY CARRY***
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
- Additional Parking
- RV Access or Parking
Schools
- Sousa Elementary School
- Skyline High School
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Not Available
Additional Features
- Ceiling Fan
- Dirt Road
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
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
| 2015 | $952 | $14,500 | $2,900 | $11,600 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/16/2026 04/16/26 | Price Changed | $1,000,000 | -16.7% | -- |
| 03/02/2026 03/02/26 | For Sale | $1,200,000 | -- | -- |
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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Ask me questions while you tour the home.