Renovated 13-Unit Apartment
For Sale
Contact for pricing
Pending
2503 E Clarendon Ave, Phoenix, AZ 85016
Updated interiors, individual HVAC, and separately metered electricity support efficient apartment operations.
Property SizeContact for details
Days on Market146
Property Features for 2503 E Clarendon Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
CBRE - Phoenix
Listed By:
Brian Tranetzki · License #BR581404000
(602) 435-3636
Source:
Crexi
Added: Apr 11
Changed: Sep 2
Last Checked: Sep 1 at 11:36PM
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 CBRE - Phoenix
Investment Insights
Based on property information with market context.
This 13-unit apartment property in central Phoenix combines block construction with pitched roofs, individual HVAC units, and separate electric metering for each unit. A 2022 renovation introduced new kitchens with white granite countertops, stainless steel appliances, tiled backsplashes, and tiled tub surrounds. Additional improvements include new plumbing, electrical systems, doors, windows, paint across the buildings, desert landscaping, and in-suite washers and dryers.
The property is positioned near the intersection of 24th Street and Clarendon Avenue, south of the Biltmore area. Nearby commercial context includes the Biltmore financial district, with employers such as Merrill Lynch, Wells Fargo Advisors, Tiffany & Bosco, and Bank of the West. Biltmore Fashion Park is also nearby, offering retail, dining, and entertainment amenities including Saks Fifth Avenue, Ralph Lauren, J.Crew, Life Time, The Capital Grille, and True Food Kitchen.
The property is positioned near the intersection of 24th Street and Clarendon Avenue, south of the Biltmore area. Nearby commercial context includes the Biltmore financial district, with employers such as Merrill Lynch, Wells Fargo Advisors, Tiffany & Bosco, and Bank of the West. Biltmore Fashion Park is also nearby, offering retail, dining, and entertainment amenities including Saks Fifth Avenue, Ralph Lauren, J.Crew, Life Time, The Capital Grille, and True Food Kitchen.
Key Highlights
- 13‑unit apartment property in central Phoenix
- Renovated in 2022 with upgraded kitchens, baths, plumbing, electrical, doors, windows, and landscaping
- Block construction completed in 1960 with pitched roofs
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,133
Businesses Nearby
Explore this area
Business Placement
Demographics for 85016, AZ
37,326
Population
21,363
Households
1.7
Avg Household Size
38
Median Age
50%
College-Educated
94%
High-School Grad
8.2 sq mi
ZIP Area
4,552
Density / Sq Mi
$85,085
Median Household Income
$53,781
Median Earnings
$1,575
Median Rent
$508,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated interiors, individual HVAC, and separately metered electricity support efficient apartment operations.
Where is this apartment building located?
The property is located at 2503 E Clarendon Ave Phoenix, AZ.
What are key features of this property?
This property features: 13‑unit apartment property in central Phoenix; Renovated in 2022 with upgraded kitchens, baths, plumbing, electrical, doors, windows, and landscaping; Block construction completed in 1960 with pitched roofs
