4208 N PARKWAY Avenue

Scottsdale, AZ 85251

One-of-a-kind custom industrial-style townhome walking distance to Old Town Scottsdale! You will not find another townhome in Scottsdale like this with a wide open floor plan and floating staircase. This home was completely reconfigured from its original floor plan in 2021. Just a 5-minute walk to Whole Foods, Hayden Greenbelt, Sprouts, and Old Town's premier dining, nightlife, and shopping, this home offers unbeatable convenience. Enjoy a private covered patio with a lime tree and access to the sparkling community pool. This home is an investors dream as it is the closest community to Downtown Old Town that allows short term rentals. This property has yielded $3500+ for rent with long term tenants for the past two years making this a 6.5% cap rate in an A+ location. In a market where cashflow is hard to come by, this a property that has been a positive investment regardless of interest rates. HOA covers water, sewer, and garbage. Whether you are going to live in a home unlike any other in an amazing location, or looking for a cash flowing investment that yields high returns- opportunities like this do not come up often.

Listing courtesy of LPT Realty, LLC.



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Last checked: 2026-09-02 08:32 PM UTC