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Garden-Style Apartment Building
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2515 N 48th St, Phoenix, AZ 85008

Seven-unit garden-style apartment community with individually metered electricity and hot water, plus select washer/dryer hookups and private yards.

Property SizeContact for details
Days on Market128

Property Features for 2515 N 48th St

General Information

Standard status Active
Property subtype Multifamily

Site & Location

Highway Access Yes
Utilities to Site Yes

Additional Details

Multifamily Units 7

Amenities

washer/dryer hook-ups
private yards

Building Details

Construction garden-style
Listing Agency: ABI Multifamily LLC
Listed By: Royce Munroe · License #AZ BR512795000
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 8:51AM

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 ABI Multifamily LLC

Investment Insights

Based on property information with market context.

2515 N 48th Street is a 7-unit garden-style apartment community with a unit mix that includes one studio, three one-bedroom/one-bath units, one two-bedroom/one-bath unit, and two three-bedroom/two-bath units. Each unit is individually metered for electricity and hot water. Select units include washer/dryer hook-ups, and some units offer private yards.

The property is located in the Papago area of Phoenix, with direct access to the Phoenix Valley via Loop 202 and 143 Freeways, which lead to Interstate 10. It is also positioned near dining, entertainment, and recreation options, including Arcadia, The Biltmore in Phoenix, the Mill Avenue District, Tempe Town Lake, Arizona State University (Tempe Campus), and Old Town Scottsdale. Residents and visitors benefit from proximity to Phoenix International Sky Harbor Airport and Phoenix’s Papago Park.

The building’s layout is designed as a garden-style multifamily community, with a variety of unit sizes ranging from studio to three-bedroom configurations. Utility metering is handled per unit for electricity and hot water, supporting straightforward resident billing.

Key Highlights

  • 7‑unit garden‑style apartment community in Phoenix, AZ
  • Unit mix includes 1 studio, 3 one‑bedroom/one‑bath, 1 two‑bedroom/one‑bath, and 2 three‑bedroom/two‑bath units
  • Each unit is individually metered for electricity and hot water

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Hair Salon HVAC Service Auto Parts Store Daycare Center (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

7
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,090
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

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 - Seven-unit garden-style apartment community with individually metered electricity and hot water, plus select washer/dryer hookups and private yards.
Where is this apartment building located?
The property is located at 2515 N 48th St Phoenix, AZ.
What are key features of this property?
This property features: 7‑unit garden‑style apartment community in Phoenix, AZ; Unit mix includes 1 studio, 3 one‑bedroom/one‑bath, 1 two‑bedroom/one‑bath, and 2 three‑bedroom/two‑bath units; Each unit is individually metered for electricity and hot water
More about this property
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