Multifamily Apartment
For Sale
Contact for pricing
2930 N 52nd St, Phoenix, AZ 85018
For-sale apartment building known as Arcadia 52, offered in the Arcadia area of Phoenix.
Property Size28,320 SF
Price / SF$373.27
Days on Market193
Property Features for 2930 N 52nd St
General Information
Standard status
Active
Size
28,320 SF
Class
B
Property subtype
Multifamily
Zoning
R5
Occupancy
100%
Investment Type
Core
Net Operating Income
$607,798
Building Details
Year Built
1979
Year Renovated
2020
Buildings
3
Stories
3
Units
34
Listing Agency:
CBRE - Phoenix
Listed By:
Brian Tranetzki · License #BR581404000
(602) 435-3636
Source:
Crexi
Added: Mar 2
Changed: Sep 7
Last Checked: Sep 11 at 7:05AM
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.
Arcadia 52 is a for-sale multifamily apartment building and residential income property. The offering is presented under the property types “apartment buildings,” “multifamily properties,” and “residential income properties,” reflecting a core apartment-focused investment asset.
The property is located at 2930 N 52nd St in Phoenix, Arizona 85018, and is described in the remarks as being in the Arcadia area, identified as highly desirable. The listing includes a total property size of 28,320 square feet.
This is an apartment building opportunity being marketed as Arcadia 52, positioned for those seeking a residential income property within the Arcadia area of Phoenix.
The property is located at 2930 N 52nd St in Phoenix, Arizona 85018, and is described in the remarks as being in the Arcadia area, identified as highly desirable. The listing includes a total property size of 28,320 square feet.
This is an apartment building opportunity being marketed as Arcadia 52, positioned for those seeking a residential income property within the Arcadia area of Phoenix.
Key Highlights
- Apartment building for sale: Arcadia 52
- Year built: 1979
- Located in the Arcadia area of Phoenix
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$330,311
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,606,220
$6.6M
Cap Rate 7%
$4,718,729
$4.7M
Cap Rate 9%
$3,670,122
$3.7M
Market Conditions
NOI Build-Up for 28,320 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$638.9K $22.56/SF
− Vacancy
−$38.3K −$1.35/SF
EGI
$600.6K $21.21/SF
− OpEx
−$270.3K −$9.54/SF
NOI
$330.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,606,220
Cap Rate 7%
$4,718,729
Cap Rate 9%
$3,670,122
Alternative Uses
Best Use
Apartment 5plus
$4.72M
$4.13M – $5.51M
NOI $330,311 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.58M
$7.51M – $10.01M
NOI $600,486 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
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Business Placement
Demographics for 85018, AZ
37,944
Population
19,487
Households
1.9
Avg Household Size
40
Median Age
57%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$87,637
Median Household Income
$58,555
Median Earnings
$1,411
Median Rent
$805,800
Median Home Value
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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 - For-sale apartment building known as Arcadia 52, offered in the Arcadia area of Phoenix.
Where is this apartment building located?
The property is located at 2930 N 52nd St Phoenix, AZ.
What is the asking price?
The asking price for this property is $10,571,000.
What are key features of this property?
This property features: Apartment building for sale: Arcadia 52; Year built: 1979; Located in the Arcadia area of Phoenix
