Two-Property Apartment
For Sale
Contact for pricing
2501 W Ocotillo Rd, Phoenix, AZ 85017
Two apartment communities totaling 114 units are located just south of the Glendale Avenue and I-17 interchange.
Property SizeContact for details
Days on Market134
Property Features for 2501 W Ocotillo Rd
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
114
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Phoenix
Listed By:
Paul Bay · License #AZ SA671037000
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 8:07PM
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.
Black Canyon 114 is a two-property apartment portfolio built in 1972 and 1983, offering a total of 114 units across two communities. The mix includes studio, one-bedroom, and two-bedroom apartments, with an overall average unit size of 677 square feet. The portfolio presents the opportunity to renovate 34 existing legacy units and benefit from operational efficiencies available by managing two sizeable properties in close proximity.
Both communities are positioned near I-17 in central Phoenix, with access to major employment corridors throughout the Valley. The Innovation Corridor along Central Avenue is described as less than five miles away, and the I-17/Deer Valley corridor is described as directly north of the portfolio and also less than five miles away. The Biltmore/Camelback area is noted as a seven-mile commute. Grand Canyon University is also listed as nearby.
Each property is part of a coordinated portfolio and together provides a balanced multifamily mix of unit types intended to support long-term value through potential interior upgrades to a portion of the units.
Both communities are positioned near I-17 in central Phoenix, with access to major employment corridors throughout the Valley. The Innovation Corridor along Central Avenue is described as less than five miles away, and the I-17/Deer Valley corridor is described as directly north of the portfolio and also less than five miles away. The Biltmore/Camelback area is noted as a seven-mile commute. Grand Canyon University is also listed as nearby.
Each property is part of a coordinated portfolio and together provides a balanced multifamily mix of unit types intended to support long-term value through potential interior upgrades to a portion of the units.
Key Highlights
- Two‑property apartment portfolio (Canyon Greens and Wilshire Place) with a total of 114 units
- Built in 1972 and 1983, featuring a unit mix of studios, 1‑bedroom, and 2‑bedroom units
- Average unit size is 677 SF across the portfolio
Property Analytics
Property Profile
Current Use
Lease Details
114
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
631
Businesses Nearby
Explore this area
Business Placement
Demographics for 85017, AZ
45,279
Population
12,743
Households
3.6
Avg Household Size
26
Median Age
11%
College-Educated
65%
High-School Grad
5.3 sq mi
ZIP Area
8,543
Density / Sq Mi
$51,737
Median Household Income
$29,371
Median Earnings
$1,197
Median Rent
$242,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two apartment communities totaling 114 units are located just south of the Glendale Avenue and I-17 interchange.
Where is this multifamily property located?
The property is located at 2501 W Ocotillo Rd Phoenix, AZ.
What are key features of this property?
This property features: Two‑property apartment portfolio (Canyon Greens and Wilshire Place) with a total of 114 units; Built in 1972 and 1983, featuring a unit mix of studios, 1‑bedroom, and 2‑bedroom units; Average unit size is 677 SF across the portfolio
