5035 N 23rd Avenue, Phoenix, AZ 85015

Phoenix
Local realty services provided by:ERA Four Feathers Realty, L.C.
5035 N 23rd Avenue,Phoenix, AZ 85015
$1,699,000
  • 11 Beds
  • 9 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: james c stephens
Office: better homes & gardens real estate sj fowler
MLS#:6993194
Source:ARMLS

Price summary

  • Price:$1,699,000

About this home

Uptown PHX 9-unit complex spread out over close to a 25,000-sf lot with R-3 zoning. 7.2 CAP off 2025 P&L w/ 100% occupancy. Nice pocket north of Camelback Road, 1 mile east of GCU & 1/2 mile east of the I-17. Opportunity Zone. Hard to find SELLER FINANCING available but not required (6% interest-only with 30% down in 1st position only). Fully upgraded & fully stabilized. 2025 P&L of $122,000 NOI. Seven buildings. The unit mix consists of (2) two-bedroom units; (4) one-bedroom units; & (3) bigger studio units. The jumbo lot/zoning offers density & additional value potential. Over $250,000 in renovations just a few years ago.

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Home facts

  • Year built:1958
  • Subdivision & Development:CAMELBACK GARDENS
  • Listing ID #:6993194
  • Updated:October 20, 2026 at 03:09 PM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:9
  • Flooring:Ceramic Tile, Concrete, Laminate, Vinyl, Wood

Heating and cooling

  • Cooling:Electric, Heat Pump
  • Heating:Electric, Heat Pump, Natural Gas

Structure and exterior

  • Year built:1958
  • Construction Materials:Block, Painted, Stucco

Schools

  • High school:Central High School

Utilities

  • Water:City Franchise
  • Sewer:Sewer in & Connected

Finances and disclosures

  • Price:$1,699,000
  • Tax amount:$6,272 (2025)

Parking

  • Total parking spaces:14
  • Parking description:Assigned, Free Parking, More Than 1 Parking Space/Unit, Paved
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