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Renovated Multifamily Income Property
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5225 N 17th Ave, Phoenix, AZ 85015

Three-building multifamily asset with recently renovated units, individually metered electricity, and ample on-site parking.

Property SizeContact for details
Days on Market123

Property Features for 5225 N 17th Ave

General Information

Standard status Active
Property subtype Multifamily
Zoning WU

Additional Details

Multifamily Units 6
Listing Agency: MHG Commercial West Valley
Listed By: Arvle Knight · License #AZ BR535084000
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 23 at 11:44AM

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 MHG Commercial West Valley

Investment Insights

Based on property information with market context.

This income-producing multifamily property includes a total of 3 buildings and a mix of units: four 1-bedroom units, one 2-bedroom unit, and a 2-bedroom house. The units have recently undergone an extensive quality renovation and upgrade, and the property includes individually metered electricity. Ample parking is provided for residents.

Located in the heart of the Solano District in Phoenix, the offering is part of the REINVENT PHX program referenced in the marketing materials. New zoning ordinances adopted by City Council allow higher density under the Walkable Urban Code, which the remarks state could potentially allow up to 24 units on the parcel. An adjacent parcel is also available for assemblage, and details are referenced in the COMBO Offering Memorandum provided with the attachments.

Key Highlights

  • Three‑building multifamily property with 4 one‑bedroom units, 1 two‑bedroom unit, and 1 two‑bedroom house
  • Units recently underwent an extensive quality renovation and upgrade
  • Individually metered electricity for each unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Grocery & Convenience Store Electrical Service HVAC Service Garden Center (Bike/Boat/Book/etc) Store

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

706
Businesses Nearby

Demographics for 85015, AZ

41,436
Population
17,889
Households
2.3
Avg Household Size
33
Median Age
25%
College-Educated
78%
High-School Grad
4.9 sq mi
ZIP Area
8,456
Density / Sq Mi
$52,585
Median Household Income
$36,456
Median Earnings
$1,227
Median Rent
$312,600
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 - Three-building multifamily asset with recently renovated units, individually metered electricity, and ample on-site parking.
Where is this apartment building located?
The property is located at 5225 N 17th Ave Phoenix, AZ.
What are key features of this property?
This property features: Three‑building multifamily property with 4 one‑bedroom units, 1 two‑bedroom unit, and 1 two‑bedroom house; Units recently underwent an extensive quality renovation and upgrade; Individually metered electricity for each unit
More about this property
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