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14-Unit Apartment Building
For Sale
Contact for pricing
Pending

1803 N 31st Pl, Phoenix, AZ 85008

The property offers a mix of one- and two-bedroom apartment layouts.

Property SizeContact for details
Days on Market147

Property Features for 1803 N 31st Pl

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 14

Building Details

Year Built 1958
Listing Agency: Marcus & Millichap - Phoenix
Listed By: Christian Trujillo · License #AZ SA678818000
Source: Crexi
Added: Apr 11 Changed: Sep 3 Last Checked: Sep 3 at 12:18AM

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 Marcus & Millichap - Phoenix

Investment Insights

Based on property information with market context.

Spanish Place is a 14-unit apartment property developed in 1958. The community includes a complementary mix of one- and two-bedroom floor plans, with units averaging 625 square feet. The asset is positioned as a multifamily property with established residential improvements and a varied unit configuration.

The property is northeast of State Route 51 and Interstate 202, providing access across Phoenix. It is located 3.8 miles from the Biltmore financial district, where employers include Cisco, Merrill Lynch, Charles Schwab, Humana, Fennemore Craig, and UBS. The surrounding setting connects the community with both professional and academic areas of the city.

Key Highlights

  • 14‑unit apartment community developed in 1958
  • Mix of one- and two‑bedroom floor plans
  • Units average 625 square feet

Property Analytics

Current Use

Spanish place Apartment Building

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage HVAC Service (Bike/Boat/Book/etc) Store Cosmetic 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

14
Residential units

Location Intelligence

Trade Area within ½ mile

635
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 - The property offers a mix of one- and two-bedroom apartment layouts.
Where is this apartment building located?
The property is located at 1803 N 31st Pl Phoenix, AZ.
What are key features of this property?
This property features: 14‑unit apartment community developed in 1958; Mix of one- and two‑bedroom floor plans; Units average 625 square feet
More about this property
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