Multifamily Apartment
2930 N 52nd St Phoenix, AZ 85018
For Sale
Contact for pricing
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 Market148
Property Features for 2930 N 52nd St
General Information
Standard status
Active
Size
28,320 SF
Property subtype
Multifamily
Building Details
Year Built
1979
Listing Agency:
CBRE - Phoenix
(602) 435-3636
Listed By:
Brian Tranetzki · License #BR581404000
Source:
Crexi
Added: Mar 2
Changed: Jul 23
Last Checked: Jul 27 at 7:19PM
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $638.9k | $22.56 |
| − Vacancy | −$38.3k | −$1.35 |
| EGI | $600.6k | $21.21 |
| − OpEx | −$270.3k | −$9.54 |
| NOI | $330.3k | $11.66 |
28,320 SF · lease $22.56/SF/yr · vacancy 6.00% · expense 45.00%
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
Location Intelligence
Current Use
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
