$1,699,000
5035 N 23RD Avenue, Phoenix, AZ 85015
Multi-Family Home 
Built in 1958 
—— sqft lot 
—— car garage 
$——/sqft 
Listed 2 months ago
Property Description
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.
- Listing Status:
- Active
- Date Added:
- March 2, 2026
- Data Last Updated:
- May 20, 2026 at 6:06PM
- Listing Office:
- Better Homes & Gardens Real Estate SJ Fowler : 480-649-3536
- Listing Agent:
- James C Stephens : 602-672-3526
- MLS ID:
- 6993194
- General: Sidewalk(s)
- Parking: Off StreetPavedFreeAssigned>1 Space Per UnitParking spaces: 14
- Roofing: CompositionRolled/Hot Mop
- General: Wood FramePaintedStuccoBlock
- Road/Access: Asphalt
- Originating MLS: Arizona Regional Multiple Listing Service 2
- School District: Alhambra Elementary District
- County: Maricopa
- Zoning: R315325053
- Water: See RemarksCity Franchise
- Sewer: See RemarksSewer-In & ConnectedPublic Sewer
- Source: Arizona Regional Multiple Listing Service 2
This listing courtesy of James C Stephens , Better Homes & Gardens Real Estate SJ Fowler
Monthly Payment
$Est. Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
