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23-Story Multifamily Tower with Parking
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1500 N Central Ave, Phoenix, AZ 85004

23-story multifamily tower offering 328 Class A residential units and 454 structured parking spaces within a mixed-use development.

Property Size5,000 SF
Lot Size3.29 Acres
Days on Market183

Property Features for 1500 N Central Ave

General Information

Standard status Active
Size 5,000 SF
Class A
Total Parking Spaces 454
Lot size 3.29 Acres
Property subtype RETAIL

Additional Details

Multifamily Units 328

Building Details

Stories 23
Listing Agency: Diversified Partners LLC
Listed By: Marti Weinstein · License #SA678882000
Source: Moodyscre
Added: Jan 28 Changed: Jul 23 Last Checked: Jul 23 at 2:54AM

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 Diversified Partners LLC

Investment Insights

Based on property information with market context.

This mixed-use development features a 23-story multifamily tower with 328 Class A residential units. The property includes structured parking with 454 spaces, supporting day-to-day resident parking needs.

The development totals 3.29 acres and is listed for rent. The property address is 1500 N Central Ave, Phoenix, AZ 85004.

The overall configuration is a high-rise residential community within a larger mixed-use site, with parking provided via structured facilities totaling 454 spaces.

Key Highlights

  • 3.29‑acre mixed‑use development featuring a 23‑story multifamily tower
  • 328 Class A residential units in a 23‑story tower
  • 454 structured parking spaces

Property Analytics

Current Use

Donnelley Financial Solutions Financial Advisor Tire Dynamics LLC (Bike/Boat/Book/etc) Store Toro Tire Services (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Building Supply Auto Parts Store Storage Facility Big Box & Wholesale Store Auto Repair Shop Garden Center

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

328
Residential units
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

5,728
Businesses Nearby

Demographics for 85004, AZ

8,833
Population
6,455
Households
1.4
Avg Household Size
32
Median Age
59%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
4,206
Density / Sq Mi
$71,250
Median Household Income
$46,376
Median Earnings
$1,759
Median Rent
$365,500
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 - 23-story multifamily tower offering 328 Class A residential units and 454 structured parking spaces within a mixed-use development.
Where is this apartment building located?
The property is located at 1500 N Central Ave Phoenix, AZ.
What are key features of this property?
This property features: 3.29‑acre mixed‑use development featuring a 23‑story multifamily tower; 328 Class A residential units in a 23‑story tower; 454 structured parking spaces
(480) 947-8800 Call to check price and availability
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