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Fully Renovated 10-Unit Apartment Community
For Sale
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Pending

821 N 4th Ave, Phoenix, AZ 85003

Fully renovated 10-unit apartment property with all one-bedroom, one-bath layouts and extensive 2022 improvements.

Property SizeContact for details
Days on Market134

Property Features for 821 N 4th Ave

General Information

Standard status Pending
Property subtype Multifamily

Site & Location

Highway Access Yes
Fenced Yard Yes

Additional Details

Multifamily Units 10

Amenities

courtyard landscaping
BBQ area
sitting area

Building Details

Year Built 1941
Year Renovated 2022
Tenancy Multi
Listing Agency: CBRE - Phoenix
Listed By: Brian Tranetzki · License #BR581404000
Source: Crexi
Added: Apr 11 Changed: Aug 21 Last Checked: Aug 21 at 11:35AM

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 Audrey is a fully renovated 10-unit apartment community featuring all one-bedroom, one-bath floor plans. Built in 1941, the property underwent significant renovations in 2022, including new plumbing, new electrical with wiring, panels and meters, new kitchens with new cabinets, quartz countertops, and stainless steel appliances with dishwashers. Improvements also include new exterior and interior doors, new lighting, and redesigned bathrooms with custom tiled showers and vanities. Exterior and common-area updates include new exterior paint, courtyard landscaping, BBQ and sitting area, new fencing and gates, and asphalt parking.

The property is located in the heart of Downtown Phoenix just off Roosevelt Row and is approximately 0.7 miles from the downtown campus of Arizona State University. It is within walking distance of restaurants and entertainment venues, including several theaters and Civic Space Park, as well as the Roosevelt/Central Phoenix Metro Light Rail station. Access is also supported by proximity to Interstate 10 to the east and Interstate 17 to the north.

Key Highlights

  • Fully renovated 10‑unit apartment community with all 1‑bedroom, 1‑bath floor plans
  • Built in 1941 with significant renovations completed in 2022, including new plumbing and new electrical wiring, panels, and meters
  • 2022 upgrades include new kitchens with cabinets, quartz countertops, and new stainless steel appliances (including dishwashers)

Property Analytics

Current Use

The Audrey Apartment Complex

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Fish Market Pet Grooming Service Mobile Phone Store Nursing Home

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

10
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,676
Businesses Nearby

Demographics for 85003, AZ

11,042
Population
6,117
Households
1.8
Avg Household Size
37
Median Age
45%
College-Educated
87%
High-School Grad
1.9 sq mi
ZIP Area
5,812
Density / Sq Mi
$56,672
Median Household Income
$55,122
Median Earnings
$1,258
Median Rent
$577,700
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully renovated 10-unit apartment property with all one-bedroom, one-bath layouts and extensive 2022 improvements.
Where is this apartment building located?
The property is located at 821 N 4th Ave Phoenix, AZ.
What are key features of this property?
This property features: Fully renovated 10‑unit apartment community with all 1‑bedroom, 1‑bath floor plans; Built in 1941 with significant renovations completed in 2022, including new plumbing and new electrical wiring, panels, and meters; 2022 upgrades include new kitchens with cabinets, quartz countertops, and new stainless steel appliances (including dishwashers)
(602) 435-3636 Call to check price and availability
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