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1006 E WELDON Avenue
About This Property
features two primary suites, creating flexibility for guests, multigenerational living, or a home office. Inside, you'll find stylish updates including quartz countertops and luxury vinyl plank flooring, complemented by the home's inviting layout and original neighborhood charm. Outside, the spacious backyard offers room to entertain or garden, while the RV gate adds valuable convenience. With no HOA and a prime Central Phoenix location, you're just minutes from Uptown, the Melrose District, local dining, coffee shops, and Downtown Phoenix. A rare opportunity to enjoy the character of a historic neighborhood with the convenience of city living.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 13, 2026 | Listed by Real Broker | $550,000 | |
| Listed by Real Broker | |||
| Feb 15, 2026 | In contract | - | |
| In contract | |||
| Jan 30, 2026 | Price Decreased |
$450,000
↓ $39K
(8%) | |
| Price Decreased | |||
| Jan 30, 2026 | Relisted | $489,000 | |
| Relisted | |||
| Jan 23, 2026 | In contract | - | |
| In contract | |||
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About Encanto
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017