Listing Agency: Commercial Properties Inc Tempe d***@cpiaz.com Show Phone

Listed By: Darin Edwards · License #AZ SA540651000

Source: Crexi

Added: Apr 11 Changed: Jul 22 Last Checked: Jul 30 at 2:40PM

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Investment Insights

Based on property information with market context.

This multifamily property consists of six units and is offered for sale. The listing notes a 6.50% CAP rate.

The property is located at 2236 & 2242 N 29th St in Phoenix, AZ 85008.

With six units in place, the asset provides a built-in rental structure within a single multifamily offering.

Key Highlights

• Six‑unit multifamily property for sale
• Reported 6.50% CAP rate

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Grocery & Convenience Store Pet Store Pet Store & Service Pet Grooming 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

6

Residential units

Location Intelligence

Trade Area within ½ mile

1,415

Businesses Nearby

Explore this area Business Placement

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

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 - Six-unit multifamily investment offered for sale.

Where is this apartment building located?

The property is located at 2236 & 2242 N 29th St Phoenix, AZ.

What are key features of this property?

This property features: Six‑unit multifamily property for sale; Reported 6.50% CAP rate