468 N Ironwood Drive, Apache Junction, AZ 85120

Apache Junction
Local realty services provided by:HUNT Real Estate ERA
468 N Ironwood Drive,Apache Junction, AZ 85120
$999,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: eric williamson
Office: orchard brokerage
MLS#:7048921
Source:ARMLS

Price summary

  • Price:$999,000

About this home

Seven units, one lot, 7.40% cap rate -- priced to move at $990,000. This stabilized Apache Junction multi-family delivers consistent occupancy and a rent roll sitting below (Current rent roll runs $6,850/mo against a realistic market ceiling of $7,650-$8,350/mo -- upside investors can capture) market across every unit type, creating a clear path to $83K-$91K in stabilized NOI. Recent price reduction plus seller financing (25% down, 8%, 3-5 year balloon) make this a rare entry point into a performing asset. Minimal competing supply, strong workforce rental demand near Loop 202/US-60, ASU, and AJ Town Center. Seller may carry.

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Home facts

  • Year built:1950
  • Listing ID #:7048921
  • Updated:July 02, 2026 at 12:32 PM

Rooms and interior

  • Flooring:Carpet, Ceramic Tile, Concrete

Heating and cooling

  • Cooling:Electric, Evaporative Cooling, Heat Pump, Individual Cooling, Wall/Window Unit
  • Heating:Electric

Structure and exterior

  • Year built:1950
  • Construction Materials:Block, Painted

Schools

  • High school:Apache Junction High School
  • Elementary school:The Classical Academy at Superstition Mountain

Finances and disclosures

  • Price:$999,000
  • Tax amount:$1,563 (2025)

Parking

  • Parking description:Additional Parking Available, Free Parking, RV Access/Parking
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