468 N IRONWOOD Drive Apache Junction, AZ $ 1,200,000
468 N IRONWOOD Drive
$ 1,200,000
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468 N IRONWOOD Drive

Apache Junction, AZ, 85120
$ 1,200,000
Baths0.0

Monthly Estimate*

$ 7,389

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Studio

Multi-Family Home for sale in Apache Junction, AZ

for $1,200,000. This home was built in 1950.

Stabilized asset with strategic upside in a growth corridor. 468 N Ironwood Dr delivers the fundamentals investors prioritize: strong history, consistent occupancy, and a rent roll positioned for upward adjustment. The property benefits from Apache Junction's expanding rental base and limited competing supply. Recent improvements support long-term durability and reduce operational volatility, giving new ownership predictable performance from day one. Current rents remain below market for the submarket, creating a clear path to improved cash flow through renewal increases or light-touch repositioning. The location offers durable tenant demand with proximity to retail, schools, and major arterials, keeping vacancy low and turnover minimal. Ideal for long-term hold, mid-term reposition, or strategic refinance, this property offers both stability and measurable upside in one of the East Valley's most landlord-friendly markets.

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Multi-Family Active

Price

$ 1,200,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,564

Style

Multiple Dwellings

Year Built

1950

Town/City

Apache Junction

County/Region

Pinal

MLS | Web ID

6991518

Features
General
Sewer Septic Tank
Heating Forced Air Electric
Cooling Evaporative Cooling Other Window/Wall Unit Electric Heat Pump Individual
Roof Other
Zoning GR
Construction Materials Wood Frame Painted Block
Year Built 1950
Electric SRP
Township 01N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 84000.0
Community Features Other See Remarks No Pool
County Pinal
Net Operating Income 73300.0
Operating Expense 29664.0
Insurance Expense 3000.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 0.0
Subdivision Name AMD PLAT OF NEWTOWN
Garage Y/N N
Status Active
High School Apache Junction High School
City Apache Junction
Disclosures None
High School District Apache Junction Unified District
Open Parking Spaces 0.0
Number Of Units Total 7
Carport Y/N N
Elementary School The Classical Academy at Superstition Mountain
Tax Annual Amount 1564.0
Electric Expense 1800.0
Fuel Expense 0.0
Trash Expense 1800.0
Water Sewer Expense 3500.0
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Elementary School District Apache Junction Unified District
Tax Lot 19
Cap Rate 6.11
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Carpet Ceramic Tile Concrete
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features RV Access/Parking See Remarks Free Add'l Parking Avail Boat
Water Source Private
Total Parking 0.0
Number of Buildings 7
Spa N
Lot Dimensions 200X300
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 468
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* Excluded Features
List By
Orchard Brokerage

Broker

eric@ericwilliamsonrealtor.com

Email

Affordability Calculator

$7,519
Per Month
98%
2%
0%
Monthly Principal & Interest
$7,389
Monthly Property Taxes
$130
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5364225 Elementary School
4334340 Middle School
Apache Junction High School High School
Pricing History
DatePricePrice ChangeDescription
3/2/2026$1,200,000 Listed Price

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468 N IRONWOOD Drive, Apache Junction, AZ, 85120 is a Multi-Family Home for sale at $1,200,000. 468 N IRONWOOD Drive is a studio with 0.0 baths and was built in 1950. The property's zip code is 85120 which is in Apache Junction, AZ