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14-Unit Apartment Building
New
For Sale
$3,300,000

1229 N 35TH Street, Phoenix, AZ 85008

Multiple Dwellings, Phoenix, AZ

Property SizeContact for details
Days on Market2

Property Features for 1229 N 35TH Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 28
Bathrooms 14
Full bathrooms 14
Rooms Bathroom 1, Bathroom 2, Bathroom 9, Bedroom 2, Bedroom 23, Bedroom 11, Bedroom 3, Bedroom 17, Bedroom 21, Bathroom 11, Bedroom 12, Bedroom 19, Bedroom 16, Bedroom 25, Bedroom 26, Bathroom 3, Bathroom 14, Bedroom 6, Bedroom 14, Bedroom 18, Bedroom 13, Bedroom 4, Bedroom 5, Bedroom 10, Bathroom 10, Bathroom 12, Bedroom 1, Bathroom 8, Bedroom 9, Bedroom 20, Bathroom 13, Bedroom 8, Bathroom 6, Bedroom 24, Bedroom 15, Bathroom 7, Bedroom 7, Bedroom 22, Bedroom 27, Bedroom 28, Bathroom 4, Bathroom 5
Appliances Refrigerator, Free-Standing Electric Oven
Elementary school district Creighton Elementary District
Middle school district Phoenix Union High School District
High school district Phoenix Union High School District
Directions South of McDowell on 35th St to property on Left. Across Street from Elementary School
Standard status Active
APN 121-03-021-C

Taxes and HOA fees

Tax Year 2025
Tax Description BEG NE COR NW4 SEC 1 TH S 963F TPOB TH W 543F TH S 86F TH E 543F TH N 86F TO POB EX E 40F TH/OF RD
Tax Annual Amount 5099
Legal Description BEG NE COR NW4 SEC 1 TH S 963F TPOB TH W 543F TH S 86F TH E 543F TH N 86F TO POB EX E 40F TH/OF RD

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Electric

Amenities

community laundry
in-unit washer/dryer

Building Details

Year built 1987
Number of units 14
Flooring type Carpet, Vinyl
Building materials Stucco, Block
Roof type Composition
Listing Agency: eXp Realty
Listed By: Scott Marlow
Added: Oct 16 Last Checked: Oct 17 at 4:06AM
MLS# 7095112

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 14-unit apartment property was built in 1987, with two-bedroom, one-bath layouts throughout. Twelve residences have been remodeled. Air-conditioning equipment and water heaters were replaced within the past five years. Eight apartments include their own washer and dryer; shared laundry serves the others. The property is zoned MULTI and includes vacant land with room for a fourplex.

The property is south of McDowell Road, with access to Loop 202. Phoenix Sky Harbor International Airport, Downtown Phoenix, and Papago Park are nearby, along with grocery stores, schools, and employment centers.

Key Highlights

  • 14 apartments, each with two bedrooms and one bathroom
  • 12 units have been remodeled
  • Air conditioners and water heaters replaced within the past five years

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Pharmacy Spa & Massage Center Accounting Firm

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

14
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

567
Businesses Nearby

Demographics for 85008, AZ

59,047
Population
24,508
Households
2.4
Avg Household Size
30
Median Age
24%
College-Educated
75%
High-School Grad
10.2 sq mi
ZIP Area
5,789
Density / Sq Mi
$61,369
Median Household Income
$36,969
Median Earnings
$1,300
Median Rent
$323,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Select residences have in-unit laundry, while the remaining apartments are served by shared laundry facilities on site.
Where is this apartment building located?
The property is located at 1229 N 35TH Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 14 apartments, each with two bedrooms and one bathroom; 12 units have been remodeled; Air conditioners and water heaters replaced within the past five years
More about this property
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