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Monarch Multifamily Property
For Sale
Contact for pricing
Pending

2335 E Utopia Rd, Phoenix, AZ 85024

Multifamily property near Loop 101 and North Phoenix employment corridors.

Property SizeContact for details
Days on Market143

Property Features for 2335 E Utopia Rd

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Marcus & Millichap - Phoenix
Listed By: Adam Saylor · License #AZ SA659585000
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Sep 1 at 6:04AM

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.

Monarch is a multifamily property at 2335 E Utopia Rd in Phoenix, Arizona. The asset is positioned less than one mile from the Loop 101 Freeway, providing proximity to North Phoenix’s Deer Valley and north I-17 employment corridors.

Those employment areas include finance and business services operations associated with USAA, Honeywell, Wells Fargo, Farmers Insurance, and Cigna. The surrounding technology sector also includes TSMC affiliates and suppliers such as ASML, LAM Research, Applied Materials, and Sunlit Chemical. The area is projected to add more than ±80,000 new jobs over the next five years.

Key Highlights

  • Less than one mile from the Loop 101 Freeway
  • Located in North Phoenix at 2335 E Utopia Rd, Phoenix, AZ 85024
  • Near the Deer Valley and north I‑17 Employment Corridors

Property Analytics

Current Use

Monarch Luxury Townhomes Townhouse Complex

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Restaurant Spa & Massage Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

430
Businesses Nearby

Demographics for 85024, AZ

26,021
Population
11,032
Households
2.4
Avg Household Size
37
Median Age
45%
College-Educated
93%
High-School Grad
11.7 sq mi
ZIP Area
2,224
Density / Sq Mi
$97,759
Median Household Income
$52,441
Median Earnings
$1,813
Median Rent
$430,400
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?
Multifamily property - Multifamily property near Loop 101 and North Phoenix employment corridors.
Where is this multifamily property located?
The property is located at 2335 E Utopia Rd Phoenix, AZ.
What are key features of this property?
This property features: Less than one mile from the Loop 101 Freeway; Located in North Phoenix at 2335 E Utopia Rd, Phoenix, AZ 85024; Near the Deer Valley and north I‑17 Employment Corridors
More about this property
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