615 Jordan Rd · Sedona, AZ 86336

$2,200,000

28 bd · 16.0 ba · 4,373 sqft · MultiFamily public records · 99 Days on market

Built 1980

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +7.5/15.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Schools +1.5/10.0
• Cash flow +1.2/30.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks MLS

Were you looking for a Multi-family in Sedona? Look no further, you found the unicorn! This large, beautiful & walkable Fourplex sits in the heart of Uptown, and is an active, renovated, furnished and turnkey high-performing Airbnb. Although from the 80's, this building has had successive owners who have taken great care of it, and have always been on top of all the maintenance. HVAC was upgraded in 2025 for all 4 units, roof is only a few years old, and all units undergo weekly deep cleans during guest turnovers. Three units are 2bd/1ba, and one unit is 1bd/1ba. The plot of land is over half an acre, and its current zoning allows for the addition of TWO MORE units, giving this property the ability to scale up to a Commercial size & valuation. Did anyone say Boutique Hotel ?... Short-term rental revenue totals & projections over $230,000 per year with current 4 units. Two new units could be built on top of the carports for maximizing Uptown red rock views intake & marketability. Units could be split into condos to ensure STR capability for every unit individually. Projections over $350,000/yr in this scenario. Existing development bid at around $300/sqft available upon request.

Key facts

• Over half an acre
• Renovated
• Furnished

Tags

• RENOVATED
• FURNISHED
• TURNKEY
• HIGH-PERFORMING AIRBNB
• HVAC UPGRADED
• OVER HALF AN ACRE

What this means for you Summary

Snapshot

• This is a 3×2bd/1ba + 1×1bd/1ba units multifamily listed at $2.20M.

Deal economics

• At list price, monthly cash flow is $-9k ($-106k/yr) — negative. Per door: $-2k/mo.
• To cash-flow at today's rent, offer at most $919k (58.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $804k (63.5% below list).
• Recommended offer: $804k (63.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#55 in AZ) — a middle-class / working-renter tenant base. Strengths: commute A+, amenities B+; Watch: schools C-, cost of living F.
• Sedona-Oak Creek JUSD #9 (4467) (town): math 12% / reading 21% proficiency, ranked #197 of 249 in AZ (top 79%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents soft (-1.3%/yr); 313 active listings in the ZIP; 698 units permitted in Coconino County in 2024 (354 in 5+ unit buildings).
• At $8,037/mo this rent would consume 141% of the median local household income ($68k/yr) (locally 239% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $15k of loan paydown is wiped out by about $66k of value loss. Plan a longer hold.
• Coconino County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($2.00M) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $1.80M; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 9→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $803,700 (63.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 99 days. Have you received any prior offers? Is the seller open to a 63% concession, seller financing, or rate buy-down credit?
3. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
4. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.37% ✗
• Cap rate: 1.46%
• Cash-on-cash: -17.25%
• DSCR: 0.23
• GRM: 22.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -53.4%
• Equity multiple: -0.53×
• Total profit: $-943,873
• Equity at exit: $328,027

10-year hold

• IRR: —
• Equity multiple: -1.66×
• Total profit: $-1,638,610
• Equity at exit: $190,216

Cash invested: $616,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Arizona: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

5-day pay-or-quit; AZ courts known for speed; no state rent control; cities preempted by state law.

Methodology + full state rankings →

ZIP-level market 86336

• Home prices YoY: -26.1%
• Rents YoY: -1.3%
• Active inventory: 313
• Price-to-rent: 89.6×

Monthly cashflow live

• Estimated rent: $8,037 medium
• Mortgage (P&I): −$11,537
• Tax est. 1.5%: −$2,750 /mo · $33,000/yr
• Insurance: −$917
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,688
• Net cashflow: $-8,854

Break-even live

Break-even rent $19,245

Max offer price $918,743

Occupancy floor —

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$6,138
1× unit	1	1	$1,900
Total (4 units)			$8,037

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $550,000
• Closing costs: $66,000
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-19
   days on market $2,200,000 Active 99 DOM
2. 2026-06-18
   days on market $2,200,000 Active 98 DOM
3. 2026-06-17
   days on market $2,200,000 Active 97 DOM
4. 2026-06-16
   days on market $2,200,000 Active 96 DOM
5. 2026-06-15
   days on market $2,200,000 Active 95 DOM
6. 2026-06-14
   days on market $2,200,000 Active 93 DOM
7. 2026-06-13
   days on market $2,200,000 Active 92 DOM
8. 2026-06-10
   days on market $2,200,000 Active 90 DOM
9. 2026-06-09
   days on market $2,200,000 Active 89 DOM
10. 2026-06-08
    days on market $2,200,000 Active 88 DOM
11. 2026-06-07
    days on market $2,200,000 Active 87 DOM
12. 2026-06-05
    days on market $2,200,000 Active 84 DOM
13. 2026-06-03
    days on market $2,200,000 Active 83 DOM
14. 2026-06-02
    days on market $2,200,000 Active 82 DOM
15. 2026-06-01
    days on market $2,200,000 Active 81 DOM
16. 2026-05-31
    days on market $2,200,000 Active 80 DOM
17. 2026-05-30
    days on market $2,200,000 Active 79 DOM
18. 2026-05-11
    price $2,200,000 1224-char remark

    Show marketing remark (1224 chars)

    Were you looking for a Multi-family in Sedona? Look no further, you found the unicorn! This large, beautiful & walkable Fourplex sits in the heart of Uptown, and is an active, renovated, furnished and turnkey high-performing Airbnb. Although from the 80's, this building has had successive owners who have taken great care of it, and have always been on top of all the maintenance. HVAC was upgraded in 2025 for all 4 units, roof is only a few years old, and all units undergo weekly deep cleans during guest turnovers. Three units are 2bd/1ba, and one unit is 1bd/1ba. The plot of land is over half an acre, and its current zoning allows for the addition of TWO MORE units, giving this property the ability to scale up to a Commercial size & valuation. Did anyone say Boutique Hotel ?... Short-term rental revenue totals & projections over $230,000 per year with current 4 units. Two new units could be built on top of the carports for maximizing Uptown red rock views intake & marketability. Units could be split into condos to ensure STR capability for every unit individually. Projections over $350,000/yr in this scenario. Existing development bid at around $300/sqft available upon request.

19. 2026-03-12
    listed $2,250,000 Active 1224-char remark

    Show marketing remark (1224 chars)

    Were you looking for a Multi-family in Sedona? Look no further, you found the unicorn! This large, beautiful & walkable Fourplex sits in the heart of Uptown, and is an active, renovated, furnished and turnkey high-performing Airbnb. Although from the 80's, this building has had successive owners who have taken great care of it, and have always been on top of all the maintenance. HVAC was upgraded in 2025 for all 4 units, roof is only a few years old, and all units undergo weekly deep cleans during guest turnovers. Three units are 2bd/1ba, and one unit is 1bd/1ba. The plot of land is over half an acre, and its current zoning allows for the addition of TWO MORE units, giving this property the ability to scale up to a Commercial size & valuation. Did anyone say Boutique Hotel ?... Short-term rental revenue totals & projections over $230,000 per year with current 4 units. Two new units could be built on top of the carports for maximizing Uptown red rock views intake & marketability. Units could be split into condos to ensure STR capability for every unit individually. Projections over $350,000/yr in this scenario. Existing development bid at around $300/sqft available upon request.

20. 2025-01-22
    soldstatus $1,800,000
21. 2024-11-04
    historical
22. 2024-06-19
    listed $2,200,000 Active
23. 1995-11-17
    soldstatus $1,905,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 8/10 Severe
• 🌡 Heat 5/10 Major 9 d/yr ≥93°F today · 24 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $96,444
• − Mortgage interest: −$123,234
• − Property taxes: −$33,000
• − Insurance: −$11,000
• − Repairs & maintenance: −$7,716
• − Management: −$7,716
• − Depreciation: −$64,000
• Taxable loss: −$150,221
• Est. tax savings @ 24.0%: +$36,053
• After-tax cash flow: $-70,201/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Sedona-Oak Creek JUSD #9 (4467)
• NCES district ID: 0409733
• Math proficiency: 12% ▼ -12.00%
• Reading proficiency: 21% ▼ -12.00%
• Median HH income: $52,988
• Composite: 15.27/100
• National rank: #9332
• State rank: #197 of 249 in AZ

Livability — Sedona

• Score: 68/100
• State rank: #55
• US rank: #9645

Category grades

Amenities B+ Commute A+ Cost of living F Crime C+ Employment C Housing C Health & safety C+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sedona, AZ
• County: Yavapai County · 190,406 people
• City population: 18,102
• Metro: Prescott Valley-Prescott, AZ
• Population (ZIP): 11,381
• Household income: $68,435
• Rent vs Own: 27.4% rent · 72.6% own
• Severe rent burden: 239.0

Population outlook (Coconino County) Hauer SSP2

• Today (2025): 150,645 people
• By 2030: 156,857 · +4.1%
• By 2040: 168,714 · +12.0%
• By 2050: 181,082 · +20.2%
• By 2075: 218,399 · +45.0%
• By 2100: 238,853 · +58.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Hispanic / Latino 19% Two or more races 7% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 16%
• Common ancestry: Slovak 4% Lithuanian 3% Romanian 3%
• Foreign-born: 17% · Canada, China
• Languages at home: 78% English-only · Spanish 16% Russian/Polish/Slavic 2% French/Haitian/Cajun 1%

Political lean MEDSL · Coconino

• 2024 margin: D (+19.9) · D 59.2% · R 39.4% · Other 1.4%
• 2008→2024 swing: +2.9pp toward D · 2008: 17.0pp · 2024: 19.9pp
• All cycles: 2024: D+19.9 2020: D+24.1 2016: D+19.4 2012: D+14.9 2008: D+17.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -144.06%
• Current HPI: 408.6459
• Rent YoY: ▼ -1.29%
• Metro: Prescott Valley-Prescott, AZ
• State GDP YoY: ▲ 4.54%
• F500 in state: 20

Industry mix (Fortune 500 HQ in AZ)

Industry	F500 HQs	Revenue
▸Technology	2	$13B
▸Mining / Metals	1	$23B
▸Environmental Services	1	$16B
▸Metals / Steel	1	$14B
▸Technology Distribution	1	$9B
▸Homebuilding	1	$8B

Price history

+15.5% since first listed

6 events — show timeline

• 2026-05-11 Price Changed $2,200,000 ARMLS
• 2026-03-12 Listed $2,250,000 ARMLS
• 2025-01-22 Sold (Public Records) $1,800,000 Public Records
• 2024-11-04 Listing Removed — ARMLS
• 2024-06-19 Listed $2,200,000 ARMLS
• 1995-11-17 Sold (Public Records) $1,905,000 Public Records

Property tax history

+2.6%/yr

Latest (2025): $4,157 · +4.9% YoY. Source: county tax records.