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5-Unit Apartment Property

231 S 1ST Street, Avondale, AZ 85323

For Sale
$700,000

Two separate buildings provide a duplex and a triplex, with laundry on site and a courtyard for every residence.

Property SizeContact for details
Days on Market167

Property Features for 231 S 1ST Street

General Information

Standard status Active
Property subtype MULTI_FAMILY

Units

Unit Mix 2 x 2BR/2BA, 3 x 1BR/1BA
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $889

Amenities

courtyard
on-site laundry

Building Details

Year Built 1955
Buildings 2
Listing Agency: Citiea
Listed By: Colleen Wick
Source: Neighborsluxury
Added: May 27 Changed: Nov 7 Last Checked: Nov 8 at 12:09PM

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 Citiea

Rey
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Investment Insights

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The property comprises five apartments across two buildings on one parcel. The duplex has two 2-bedroom, 2-bathroom units; the triplex contains three 1-bedroom, 1-bathroom units. Each apartment has its own small courtyard, and laundry facilities are on site.

Improvements include exterior paint and landscaping, roof replacement and repairs, three new AC units, and plumbing updates. Interior work includes quartz countertops, cabinets, flooring, and remodeled bathrooms. The buildings date to 1955. The property is within walking distance of Old Town Avondale.

Key Highlights

  • Five apartments in two buildings on one parcel
  • Unit mix: two 2‑bedroom/2‑bathroom units and three 1‑bedroom/1‑bathroom units
  • Individual small courtyards for all five units; on‑site laundry

Property Analytics

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Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

734
Businesses Nearby

Demographics for 85323, AZ

44,632
Population
14,953
Households
3
Avg Household Size
29
Median Age
19%
College-Educated
81%
High-School Grad
17.7 sq mi
ZIP Area
2,522
Density / Sq Mi
$79,903
Median Household Income
$42,634
Median Earnings
$1,625
Median Rent
$335,000
Median Home Value
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Market

Properties on Market for Apartment buildings in Maricopa County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Two separate buildings provide a duplex and a triplex, with laundry on site and a courtyard for every residence.
Where is this apartment building located?
The property is located at 231 S 1ST Street Avondale, AZ.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Five apartments in two buildings on one parcel; Unit mix: two 2‑bedroom/2‑bathroom units and three 1‑bedroom/1‑bathroom units; Individual small courtyards for all five units; on‑site laundry
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