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Studio Multifamily Property with Courtyards
For Sale
$549,000

1-5911 W Lamar Rd, Glendale, AZ 85301

Studio units feature durable tile finishes, private courtyard patios, and separate APS metering.

Property SizeContact for details
Days on Market32

Property Features for 1-5911 W Lamar Rd

General Information

Standard status Active
Property subtype Residential Income

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $999

Amenities

private courtyard patio
Listing Agency: Ivy Realty
Listed By: Emily Weaver · License #SA668881000
Source: Exprealty
Added: Jul 8 Changed: Aug 8 Last Checked: Aug 8 at 9:15AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ivy Realty

Investment Insights

Based on property information with market context.

This multifamily property comprises studio units with tile countertops, tiled showers, and tiled floors. Each unit includes a private courtyard patio, while separate APS metering serves the individual units. Some deferred maintenance is present, providing a clear need for property improvements.

The property is within walking distance of Historic Glendale shopping and restaurants. Grand Ave provides access to downtown Phoenix, and Westgate amenities and spring training venues are nearby. The offering includes parcels 111-10-074 and 111-10-077 and is eligible for a 1031 exchange.

Key Highlights

  • Studio units with tile countertops, tiled showers, and tiled floors
  • Private courtyard patio provided for each unit
  • Units separately metered for APS

Property Analytics

Current Use

1031 exchange properties

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Law Firm Big Box & Wholesale Store Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

503
Businesses Nearby

Demographics for 85301, AZ

67,380
Population
24,019
Households
2.8
Avg Household Size
30
Median Age
11%
College-Educated
71%
High-School Grad
9.3 sq mi
ZIP Area
7,245
Density / Sq Mi
$47,422
Median Household Income
$33,727
Median Earnings
$1,189
Median Rent
$218,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Studio units feature durable tile finishes, private courtyard patios, and separate APS metering.
Where is this multifamily property located?
The property is located at 1-5911 W Lamar Rd Glendale, AZ.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Studio units with tile countertops, tiled showers, and tiled floors; Private courtyard patio provided for each unit; Units separately metered for APS
More about this property
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