Escarlata 31 Apartment
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For Sale
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16625-16801 N 31st St, Phoenix, AZ 85032
Multifamily community near retail, grocery, and Paradise Valley Community College.
Property Size57,847 SF
Days on Market7
Property Features for 16625-16801 N 31st St
General Information
Standard status
Active
Size
57,847 SF
Property subtype
Multifamily
Occupancy
96%
Additional Details
Multifamily Units
87
Amenities
Built in 1984 and 1985, the property features an advantageous unit mix with approximately 67% two-bedroom floorplans, while only 61% of the units have received full interior renovations inclusive of i
The offering is further distinguished by highly attractive assumable financing through the property's existing CMBS loan, creating a unique advantage relative to prevailing acquisition financing.
Escarlata 31 benefits from a strong infill location with walkability to newly developed retail at the adjacent intersection, a grocery store directly across the street, and Paradise Valley Community C
Building Details
Building Size
57,847 SF
Units
87
Listing Agency:
Phoenix Office
Listed By:
Paul Bay · License #License(s): AZ: SA671037000
(602) 687-6679
Source:
Marcusmillichap
Added: Aug 28
Changed: Aug 29
Last Checked: Sep 2 at 1:33PM
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 Phoenix Office
Investment Insights
Based on property information with market context.
Escarlata 31 is an 87-unit apartment community at 16625-16801 N 31st St in Phoenix, Arizona. The property includes assumable financing and is positioned within the North Phoenix submarket.
The community is adjacent to newly developed retail at a nearby intersection, with a grocery store directly across the street. Paradise Valley Community College is less than two miles away, while Desert Ridge Marketplace is less than five miles from the property. TSMC’s semiconductor campus is located less than a 25-minute commute from the community, connecting the property to a major North Phoenix employment corridor.
Its location combines nearby daily-needs retail, educational access, and proximity to established shopping and employment destinations. The property is situated in an area experiencing ongoing retail, infrastructure, and employment investment.
The community is adjacent to newly developed retail at a nearby intersection, with a grocery store directly across the street. Paradise Valley Community College is less than two miles away, while Desert Ridge Marketplace is less than five miles from the property. TSMC’s semiconductor campus is located less than a 25-minute commute from the community, connecting the property to a major North Phoenix employment corridor.
Its location combines nearby daily-needs retail, educational access, and proximity to established shopping and employment destinations. The property is situated in an area experiencing ongoing retail, infrastructure, and employment investment.
Key Highlights
- 87‑unit apartment community in North Phoenix
- Assumable financing
- Newly developed retail at the adjacent intersection
Property Analytics
Current Use
Lease Details
87
Residential units
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
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Business Placement
Demographics for 85032, AZ
68,710
Population
30,386
Households
2.3
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
5,541
Density / Sq Mi
$74,331
Median Household Income
$44,790
Median Earnings
$1,492
Median Rent
$387,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily community near retail, grocery, and Paradise Valley Community College.
Where is this apartment building located?
The property is located at 16625-16801 N 31st St Phoenix, AZ.
What are key features of this property?
This property features: 87‑unit apartment community in North Phoenix; Assumable financing; Newly developed retail at the adjacent intersection
