Two-Bedroom Apartment
For Sale
Contact for pricing
Pending
4241 N 23rd Ave, Phoenix, AZ 85015
Eight-unit apartment community offering two-bedroom floorplans, developed in 1985, with a renovation opportunity for four units.
Property SizeContact for details
Days on Market134
Property Features for 4241 N 23rd Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
8
Building Details
Year Built
1985
Listing Agency:
Marcus & Millichap - Phoenix
Listed By:
Paul Bay · License #AZ SA671037000
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 21 at 11:26PM
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 Marcus & Millichap - Phoenix
Investment Insights
Based on property information with market context.
Eight on 23rd is an eight-unit apartment community developed in 1985. The property is comprised entirely of two-bedroom floorplans, with each unit offering 800 square feet.
The community is located at the intersection of 23rd Avenue and Glenrosa Avenue in Phoenix, with Grand Canyon University listed as less than two miles away. Interstate 17 is described as less than half a mile from the property, providing access to employment corridors in the greater west valley, including the Innovation Employment Corridor along Central Avenue and the Southwest Valley Industrial Corridor.
Future ownership will have the opportunity to renovate four of the eight units with interior upgrades, with the remarks indicating this could support a $200 rent premium based on rents already achieved at the property.
The community is located at the intersection of 23rd Avenue and Glenrosa Avenue in Phoenix, with Grand Canyon University listed as less than two miles away. Interstate 17 is described as less than half a mile from the property, providing access to employment corridors in the greater west valley, including the Innovation Employment Corridor along Central Avenue and the Southwest Valley Industrial Corridor.
Future ownership will have the opportunity to renovate four of the eight units with interior upgrades, with the remarks indicating this could support a $200 rent premium based on rents already achieved at the property.
Key Highlights
- 8‑unit apartment community at the intersection of 23rd Avenue and Glenrosa Avenue
- Built in 1985 and consists entirely of 2‑bedroom floorplans
- Each unit offers 800 SF of living space
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
Explore this area
Business Placement
Demographics for 85015, AZ
41,436
Population
17,889
Households
2.3
Avg Household Size
33
Median Age
25%
College-Educated
78%
High-School Grad
4.9 sq mi
ZIP Area
8,456
Density / Sq Mi
$52,585
Median Household Income
$36,456
Median Earnings
$1,227
Median Rent
$312,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit apartment community offering two-bedroom floorplans, developed in 1985, with a renovation opportunity for four units.
Where is this apartment building located?
The property is located at 4241 N 23rd Ave Phoenix, AZ.
What are key features of this property?
This property features: 8‑unit apartment community at the intersection of 23rd Avenue and Glenrosa Avenue; Built in 1985 and consists entirely of 2‑bedroom floorplans; Each unit offers 800 SF of living space
