Phoenix, AZ Apartment buildings for sale

$539,000

5-Unit Multifamily with Recent Renovations

2002 W JEFFERSON Street, Phoenix, AZ 85009

Three freestanding buildings on one parcel with a renovation history and fully occupied units.

Fully occupied 5‑unit income‑producing property on one parcel with three separate freestanding buildings
Current gross income of $76,560 ($6,380/mo) with an 11+% cap rate
2023 renovations include new flooring, updated plumbing, sewer improvements, interior/exterior paint, bathroom remodels, and kitchen upgrades
2025 improvements: new electrical wiring, new electrical panels with green tags, and a new addition/extension
Built in 1935 with public sewer and on‑street parking

Updated: Jun 8

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$1,110,000

Phoenix Multifamily Investment Opportunity

909 S 35TH Avenue, Phoenix, AZ 85009

Fully occupied 8-unit complex near Downtown Phoenix.

Fully occupied 8‑unit multifamily complex generating consistent cash flow
Major systems upgraded in 2021, minimizing maintenance
R‑5 zoning allows for maximum density
Strategic location near Downtown Phoenix, Central Avenue light rail, I‑10, and I‑17
Value‑add opportunity to increase returns by upgrading studio units and utilizing courtyard space

Updated: May 7

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$694,900

Shovel-Ready Multifamily Development

Approved 20-unit, two-story project with on-site parking and unit mix designed for straightforward multifamily redevelopment.

320 E Hatcher Road, Phoenix, AZ 85020

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$1,699,000

0.57 Acres

Phoenix Multifamily Investment Opportunity

Nine-unit complex in Uptown Phoenix with seller financing available.

5035 N 23RD Avenue, Phoenix, AZ 85015

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Arcadia Lite Multifamily Investment Opportunity

$2,600,000

0.50 Acres

Arcadia Lite Multifamily Investment Opportunity

Five-unit residential compound ideal for assisted living or rental income.

3139 N 40TH Street, Phoenix, AZ 85018

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$650,000

Renovated Multi-Family Active Airbnb

Remodeled 1911 Craftsman near Downtown Phoenix attractions.

1502 W MONROE Street, Phoenix, AZ 85007

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$3,180,000

Phoenix Multifamily Investment Opportunity

Twelve condominiums near Biltmore corridor, prime Phoenix location.

1718 E Campbell Avenue, Phoenix, AZ 85016

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$1,299,000

Eight-Unit Studio Apartment Building

For sale multifamily property with eight studio units in central Phoenix, suited for owner-operators or income-focused buyers.

1001 N 9TH Street, Phoenix, AZ 85006

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$1,385,000

Garden-Style 10-Unit Apartment Building

Ten one-bedroom, one-bath homes with gated access, on-site laundry, and off-street parking in Phoenix.

2238 E TAYLOR Street, Phoenix, AZ 85006

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$959,000

Garden-Style Multifamily Property

Six garden-style apartment units in central Phoenix, offering a mix of studios and 2- and 3-bedroom layouts.

1812 N 31ST Place, Phoenix, AZ 85008

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$1,995,624

Phoenix Multifamily Investment Opportunity

Seven-unit multifamily property in a desirable Phoenix location.

3016 N 37 Street, Phoenix, AZ 85018

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$2,500,000

Remodeled Multifamily Asset in Phoenix

Fully remodeled 9-unit multifamily property in a desirable Phoenix location.

1605 E MONTEBELLO Avenue, Phoenix, AZ 85016

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$1,049,500

Newly Rebuilt Phoenix Multifamily Property

Turnkey five-unit apartment building with new features and parking.

11230 N 17TH Avenue, Phoenix, AZ 85029

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$1,950,630

Upgraded Multifamily Property in Phoenix

Renovated 7-unit property near Arcadia and Midtown Phoenix.

3038 N 38TH Street, Phoenix, AZ 85018

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$1,995,640

Phoenix Multifamily Investment Opportunity

Seven-unit property in a rapidly gentrifying Phoenix neighborhood.

3027 N 37TH Street, Phoenix, AZ 85018

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$1,174,600

Updated 8-Unit Apartment Complex

Renovated units with private patios and shared laundry, plus onsite gas and water heaters.

1802 W VOGEL Avenue, Phoenix, AZ 85021

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$659,000

Two-Building 4-Unit Multifamily

Two four-unit apartment buildings with private patio or yard space and ample on-site parking in Downtown Phoenix.

1529 E ADAMS Street, Phoenix, AZ 85034

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$659,000

Two- Building Multifamily Community

For sale: two four-unit apartment buildings with occupied units, private outdoor space, and on-site parking under R-5 zoning.

1533 E ADAMS Street, Phoenix, AZ 85034

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$4,495,000

Gated Multifamily Apartment Community

Turn-key gated multifamily property with recent exterior, security, and unit appliance upgrades for straightforward resident-ready operations.

2014 W BERRIDGE Lane, Phoenix, AZ 85015

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$659,000

Downtown Phoenix 8-Unit Apartment Property

Two four-unit buildings with private outdoor space and on-site parking, with all units currently occupied.

1529 East Adams Street, Phoenix, AZ 85034

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$1,650,000

Renovated 5-Unit Apartment Community

Turnkey, fully renovated multifamily asset featuring in-unit laundry, private backyards, and dedicated carports.

4323 North 13th Place, Phoenix, AZ 85014

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$659,000

Multifamily Property with Private Patios

Two four-unit buildings offer private patio or yard space, ample on-site parking, and all units currently occupied.

1533 East Adams Street, Phoenix, AZ 85034

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$970,000

New Build Residential Income Property

Two new build homes share a single lot, with five additional identical homes available on-site.

2051 East Michigan Avenue, Phoenix, AZ 85022

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$11,600,000

Arcadia Area Condos For Sale

Eight high-end condos in Phoenix's Arcadia area, each with private elevator.

4525 N 40TH Street, Phoenix, AZ 85018

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Phoenix, AZ Apartment Buildings Investment Opportunities Market Analysis

Explore 72 apartment buildings for sale in Phoenix, AZ, showcased through 65 active listings on our real estate platform. These investment opportunities span a total of 179,370 square feet of properties for sale, with an estimated market value of $64,674,000.

Sale prices for two-family homes in Phoenix, AZ start at $600,000, averaging $3,804,352, and reaching up to $12,247,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
85004	$600K
85009	$954.5K
85029	$1M
85006	$1.4M
85021	$1.4M

Neighborhood

Average Price

85004

$600K

85009

$954.5K

85029

$1M

85006

$1.4M

85021

$1.4M