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18-Unit Apartment Building
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512 E Mariposa St, Phoenix, AZ 85012

Mid-century apartment building with one-bedroom units and individually metered electricity.

Property SizeContact for details
Days on Market134

Property Features for 512 E Mariposa St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 18

Building Details

Year Built 1951
Construction mid-century architecture
Listing Agency: CBRE - Phoenix
Listed By: Brian Tranetzki · License #BR581404000
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 11:48AM

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 CBRE - Phoenix

Investment Insights

Based on property information with market context.

The Carolina is an 18-unit apartment investment built in 1951 with block and concrete construction, pitched roofs, and a courtyard setting. The property is comprised of one-bedroom units and features individually metered electricity, supporting tenant-by-tenant utility billing.

Located in the center of midtown Phoenix, the community is described as being within walking distance to the Phoenix Metro Light rail, public and private schools, and dozens of boutique retail and restaurants, with the $1B Steele Indian School Park development also positioned to influence the surrounding skyline. The property is positioned for updates, with the ability to modernize interiors, enhance the courtyard, and add in-suite washer and dryers.

Key Highlights

  • 18‑unit apartment building in midtown Phoenix, Arizona’s employment corridor
  • Built in 1951 with block and concrete construction and pitched roofs
  • One‑bedroom unit mix

Property Analytics

Current Use

Carolina Apartments Apartment Building

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Food Market Catering Service Grocery & Convenience Store Pet Grooming Service Locksmith

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

18
Residential units

Location Intelligence

Trade Area within ½ mile

2,425
Businesses Nearby

Demographics for 85012, AZ

8,201
Population
5,269
Households
1.6
Avg Household Size
39
Median Age
60%
College-Educated
95%
High-School Grad
2.3 sq mi
ZIP Area
3,566
Density / Sq Mi
$80,242
Median Household Income
$57,228
Median Earnings
$1,693
Median Rent
$701,200
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 - Mid-century apartment building with one-bedroom units and individually metered electricity.
Where is this apartment building located?
The property is located at 512 E Mariposa St Phoenix, AZ.
What are key features of this property?
This property features: 18‑unit apartment building in midtown Phoenix, Arizona’s employment corridor; Built in 1951 with block and concrete construction and pitched roofs; One‑bedroom unit mix
(602) 435-3636 Call to check price and availability
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