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468 N Ironwood Drive, Apache Junction, AZ 85120

Apache Junction
Local realty services provided by:CENTURY 21 Arizona Foothills
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
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. ARMLS Member Broker: Floyd Scott

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