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468 N Ironwood Drive, Apache Junction, AZ 85120

Apache Junction
Local realty services provided by:CENTURY 21 Northwest Realty
468 N Ironwood Drive,Apache Junction, AZ 85120
$1,200,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: eric williamson
Office: orchard brokerage
MLS#:6991518
Source:ARMLS

Price summary

  • Price:$1,200,000

About this home

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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Home facts

  • Year built:1950
  • Listing ID #:6991518
  • Updated:March 02, 2026 at 06:41 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:$1,200,000
  • Tax amount:$1,564 (2025)
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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