5035 N 23rd Avenue, Phoenix, AZ 85015

Phoenix
Local realty services provided by:ERA Brokers Consolidated
5035 N 23rd Avenue,Phoenix, AZ 85015
$1,780,000
  • - Beds
  • - 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:$1,780,000

About this home

This Uptown PHX 9 unit complex is spread out on close to a 25,000 sf lot with R-3 zoning. Nice pocket north of Camelback Rd. 1 mile east of GCU & 1/2 mile east of the I-17. The complex is buffered by the SRP-Westwood substation to the west, a newly-built fire station to the south, & owner-occupied properties on the same block. Hard to find SELLER FINANCING available, but not required (6% interest-only with 30% down). Fully upgraded & fully stabilized with close to a 7 CAP (based on the 2025 P&L of $122,000 NOI). Seven total 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. These units could be re-positioned for GCU students or short-term rentals. DND residents.

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Home facts

  • Year built:1958
  • Listing ID #:6993194
  • Updated:March 05, 2026 at 03:27 AM

Rooms and interior

  • 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:$1,780,000
  • Tax amount:$6,272 (2025)
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