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Four-Unit Garden-Style Apartment Community
New
For Sale
$550,000

1022 N 22ND Place, Phoenix, AZ 85006

Two-bedroom apartments with individual electric meters and on-site parking support straightforward multifamily operations.

Property SizeContact for details
Days on Market1

Property Features for 1022 N 22ND Place

General Information

Standard status Active
Property subtype Multi Family

Property Condition

Severity Repairs Needed
Evidence value-add opportunity through interior and exterior upgrades

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $681

Building Details

Year Built 1986
Construction garden-style
Listing Agency: ABI Multifamily
Listed By: Bryce Neagle · License #SA692871000
Source: Exitrealty
Added: Sep 9 Last Checked: Sep 9 at 3:31PM

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 ABI Multifamily

Investment Insights

Based on property information with market context.

This garden-style apartment community contains 4 units, all configured with two bedrooms and one bathroom. Built in 1986, the property offers separately metered electricity for each residence along with on-site parking. Interior and exterior improvements are identified as an opportunity for further enhancement.

The community is located at 1022 N 22ND Place in Phoenix, with access to Downtown Phoenix, Sky Harbor International Airport, and major freeways described as minutes away.

Key Highlights

  • 4‑unit garden‑style apartment community
  • 100% two‑bedroom, one‑bathroom unit mix
  • Built in 1986

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Bakery (Bike/Boat/Book/etc) Store Accounting Firm

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

4
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,449
Businesses Nearby

Demographics for 85006, AZ

23,797
Population
10,607
Households
2.2
Avg Household Size
34
Median Age
27%
College-Educated
78%
High-School Grad
4.0 sq mi
ZIP Area
5,949
Density / Sq Mi
$60,742
Median Household Income
$39,899
Median Earnings
$1,168
Median Rent
$376,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Quadplex - Two-bedroom apartments with individual electric meters and on-site parking support straightforward multifamily operations.
Where is this quadplex located?
The property is located at 1022 N 22ND Place Phoenix, AZ.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4‑unit garden‑style apartment community; 100% two‑bedroom, one‑bathroom unit mix; Built in 1986
More about this property
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