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Multifamily Apartment Community
For Sale
$4,000,000

1412 N 35th Street, Phoenix, AZ 85008

Majority two-bedroom apartments offer individually metered electricity and individual HVAC, with pitched roofs and updated systems.

Property SizeContact for details
Days on Market141

Property Features for 1412 N 35th Street

General Information

Standard status Active
Property subtype MULTI_FAMILY

Additional Details

Highway Access Yes
Multifamily Units 28

Taxes and HOA fees

Annual Taxes $10,823

Building Details

Year Built 1960
Listing Agency: Marcus & Millichap
Listed By: Christopher Paul Bay · License #SA671037000
Source: Alexiabertsatos
Added: Apr 24 Changed: Sep 11 Last Checked: Sep 9 at 10:43PM

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

Investment Insights

Based on property information with market context.

Willetta Apartments is a multifamily apartment community with studio, one-bedroom, and two-bedroom floor plans. Units are individually metered for electricity and equipped with individual HVAC units, and the property features pitched roofs. A substantial portion of the units include in-suite washer and dryers, and the property has been improved through recent roof replacement, upgraded electric panels, and interior piping work. There is also the ability to convert the studio unit into a larger unit by expanding into the adjoining common washer/dryer area.

The property is positioned south of McDowell Road, north of the South Mountain Freeway, and west of Arizona State Route 143. The offering notes convenient access to major transportation arteries, including an approximately 8-minute commute to Sky Harbor Airport, along with access to downtown Phoenix, Tempe, and the East Valley. The asset is located down the street from two elementary schools in the Creighton School District.

For ownership, the current unit configuration includes 28 total units with 25 units already having in-suite washer and dryers, and the remaining potential is described in the offering as value enhancement through interior renovations.

Key Highlights

  • Multifamily community in Central Phoenix at 1412 N 35th St with studios (500 SF), 1‑bed (660 SF), and 2‑bed (781 SF) floor plans
  • Individually metered electricity with each unit equipped with individual HVAC units and pitched roofs
  • 25 of 28 units already have in‑suite washer and dryers

Property Analytics

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Current Use

Awron braid & business Hair Salon Willetta Apartments Apartment Building

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office (Bike/Boat/Book/etc) Store Grocery & Convenience Store HVAC Service

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

28
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

568
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
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?
Apartment building - Majority two-bedroom apartments offer individually metered electricity and individual HVAC, with pitched roofs and updated systems.
Where is this apartment building located?
The property is located at 1412 N 35th Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Multifamily community in Central Phoenix at 1412 N 35th St with studios (500 SF), 1‑bed (660 SF), and 2‑bed (781 SF) floor plans; Individually metered electricity with each unit equipped with individual HVAC units and pitched roofs; 25 of 28 units already have in‑suite washer and dryers
More about this property
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