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 Market240
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
Site & Location
Neighborhood
Camelback East
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) 735-5625
Source:
Crexi
Added: Mar 2
Changed: Oct 25
Last Checked: Oct 26 at 4:39PM
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
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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 / Yr
$330,311
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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
