6-Unit Apartment Building with Rooftop
2810 - 2834 N 19th Ave, Phoenix, AZ 85009
For Sale
$2,999,999
Newly built residences feature three-bedroom layouts, attached garages, in-unit laundry, and quartz countertops.
Property Size12,262 SF
Days on Market48
Property Features for 2810 - 2834 N 19th Ave
General Information
Standard status
Size
Class
Property subtype
Site & Location
Neighborhood
Additional Details
Asking Price
Multifamily Units
Amenities
in-unit laundry
private rooftop decks
attached garages
Building Details
Building Size
Year Built
Construction
Listed By:
Derek Buescher · License AZ SA635897000
(480) 213-2531
Source:
Cpiaz
Added: Sep 24
Changed: Nov 6
Last Checked: Nov 8 at 2:14AM
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 Derek Buescher
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Investment Insights
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Completed in 2023, this six-unit townhome-style condominium property offers three-bedroom floor plans ranging from 1,677 to 2,227 square feet. Units have 2.5 or 3.5 bathrooms, attached garages, in-unit laundry, and quartz countertops. Four residences include private rooftop decks with city and mountain views. The property is currently vacant.
The community occupies the southwest corner of 19th Avenue and Thomas Road in Phoenix’s Encanto Village submarket. The units can be held as long-term rentals or sold individually as condominiums.
The community occupies the southwest corner of 19th Avenue and Thomas Road in Phoenix’s Encanto Village submarket. The units can be held as long-term rentals or sold individually as condominiums.
Key Highlights
- Six townhome‑style condominium units, built in 2023
- Three‑bedroom floor plans range from 1,677 to 2,227 SF
- Unit configurations include 2.5 or 3.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,018
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,860,360
$2.9M
Cap Rate 7%
$2,043,114
$2.0M
Cap Rate 9%
$1,589,089
$1.6M
Market Conditions
NOI Build-Up for 12,262 SF
Gross rent
$276.6K $22.56/SF
− Vacancy
−$16.6K −$1.35/SF
EGI
$260.0K $21.21/SF
− OpEx
−$117.0K −$9.54/SF
NOI
$143.0K $11.66/SF
Area
Phoenix, AZ
Vacancy
6.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,860,360
Cap Rate 7%
$2,043,114
Cap Rate 9%
$1,589,089
Alternative Uses
Best Use
Apartment 5plus
$2.04M
$1.79M – $2.38M
NOI $143,018 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.71M
$3.25M – $4.33M
NOI $259,999 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
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Business Placement
Demographics for 85009, AZ
50,439
Population
14,873
Households
3.4
Avg Household Size
31
Median Age
7%
College-Educated
59%
High-School Grad
14.7 sq mi
ZIP Area
3,431
Density / Sq Mi
$51,615
Median Household Income
$29,674
Median Earnings
$1,128
Median Rent
$215,300
Median Home Value
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Market
Properties on Market for Apartment buildings in Phoenix
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Newly built residences feature three-bedroom layouts, attached garages, in-unit laundry, and quartz countertops.
Where is this apartment building located?
The property is located at 2810 - 2834 N 19th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Six townhome‑style condominium units, built in 2023; Three‑bedroom floor plans range from 1,677 to 2,227 SF; Unit configurations include 2.5 or 3.5 bathrooms
