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Obsidian on 85th Apartment Building
For Sale
Contact for pricing
Pending

10860 N 85th Ave, Peoria, AZ 85345

Renovated garden-style community with walk-up buildings, upgraded interiors, pool and spa improvements, and refreshed common areas.

Property SizeContact for details
Days on Market143

Property Features for 10860 N 85th Ave

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 100

Amenities

pool
spa

Building Details

Construction garden-style
Listing Agency: Berkadia
Listed By: Ryan Boyle · License #AZ SA661064000
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 6:40AM

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 Berkadia

Investment Insights

Based on property information with market context.

Obsidian on 85th is a 100-unit garden-style apartment community with walk-up buildings in Peoria. Interior renovations have been completed in 95% of the units, while the remaining 5% are scheduled for improvements after tenant turnover. Updated residences include shaker-style cabinetry, brushed nickel hardware, vinyl flooring, bedroom carpeting, two-tone paint, new baseboards, resurfaced countertops, kitchen backsplashes, and refinished showers and tubs.

Property improvements also include exterior painting, repairs to the pool and spa, landscaping, fencing, signage, roof work, and upgrades to the leasing office and interiors. The community is located at 10860 N 85th Ave in downtown Peoria, within a 5-mile radius of more than 100,000 jobs. Nearby employment and entertainment destinations identified for the area include Stadium @ P83, Peoria Sports Complex, and Westgate Entertainment District.

Key Highlights

  • 100‑unit garden‑style apartment community with walk‑up buildings
  • 95% of interiors renovated; remaining 5% scheduled for renovation after tenant turnover
  • Renovated units feature shaker cabinetry, vinyl flooring, carpeting, updated paint, resurfaced countertops, backsplashes, and refinished baths

Property Analytics

Current Use

The Tallows at Peoria Apartment Complex arizona laundry equipment Business To Business Service

Suggested Use

Top Pick Law Firm Dental Office Hair Salon Daycare Center Grocery & Convenience Store Electrical Service

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

100
Residential units

Location Intelligence

Trade Area within ½ mile

682
Businesses Nearby

Demographics for 85345, AZ

61,024
Population
24,273
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
87%
High-School Grad
12.7 sq mi
ZIP Area
4,805
Density / Sq Mi
$64,563
Median Household Income
$40,280
Median Earnings
$1,563
Median Rent
$278,300
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Apartment building - Renovated garden-style community with walk-up buildings, upgraded interiors, pool and spa improvements, and refreshed common areas.
Where is this apartment building located?
The property is located at 10860 N 85th Ave Peoria, AZ.
What are key features of this property?
This property features: 100‑unit garden‑style apartment community with walk‑up buildings; 95% of interiors renovated; remaining 5% scheduled for renovation after tenant turnover; Renovated units feature shaker cabinetry, vinyl flooring, carpeting, updated paint, resurfaced countertops, backsplashes, and refinished baths
More about this property
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