Thirteen-unit, fully renovated apartment community in Phoenix's Citrus Acres-Arcadia Lite.
Property SizeContact for details
Days on Market175
Property Features for 2936 N 39th St
General Information
Standard statusActive
ClassA
Property subtypeMultifamily
Occupancy100%
Net Operating Income$180,651
Building Details
Year Built1983
Year Renovated2025
Units14
Listing Agency:Newmark - Phoenix
Listed By:Ryan Ash · License #AZ(602) 852-3784
Source:Crexi
Added: Mar 13Changed: Aug 23Last Checked: Sep 2 at 4:04PM
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 Newmark - Phoenix
Investment Insights
Based on property information with market context.
Urbana @ 39th is a 13-unit, fully renovated apartment community located in the Citrus Acres-Arcadia Lite neighborhood of Phoenix. Constructed in 1983, the property features block construction, pitched asphalt shingle roofs, ABS sewer lines, and copper plumbing. The units are individually metered for electricity. Interior upgrades include new modern shaker cabinets, quartz countertops, stainless steel under mount sinks, retractable accordion faucets, stainless-steel appliances including built-in microwaves and dishwashers, built-in flat glass top cooking ranges, modern lighting fixtures, and modern waterproof plank wood flooring in the kitchens. Bathrooms feature new tub and shower surrounds, new modern shaker vanity cabinets with marble countertops, modern stainless-steel anodized bronze faucets and fixtures, new lighting fixtures, new low flow toilets and modern waterproof plank wood flooring. Each unit includes a stackable front load washer & dryer, new exterior sliding doors leading to private patios (1st floor units), modern waterproof plank wood flooring, new 4” baseboards, new blinds throughout, remote control modern dual draft ceilings fans, new modern design interior & closet doors and anodized bronze door hardware. Exterior upgrades include new modern exterior paint, new private patio fencing (1st floor units), new seal and stripe of parking lot, new exterior doors with glass inlet, redesigned and refinished large shaded private courtyard w/ gazebo, new modern landscaping & paver walk paths w/ mature palm trees, large artificial turf areas, new modern exterior lighting and new modern unit lettering. More than half the units have private back patios.
Key Highlights
Fully renovated units featuring in‑unit washer/dryers and modern kitchens and bathrooms.
Located in the highly desirable Citrus Acres‑Arcadia Lite neighborhood.
Superior vintage (built in 1983) offering functional layouts and modern infrastructure.
Property Analytics
Property Profile
Current Use
Apartment buildings
Suggested Use
Top PickGrocery & Convenience StoreGarden Center(Bike/Boat/Book/etc) StoreButcherPlumbing ServiceTanning Salon
Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
Explore this area
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
Market
Vacancy Rate%for Multifamily in West region
7%2022
7.8%2023
8.6%2024
8.6%2025
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Apartment building - Thirteen-unit, fully renovated apartment community in Phoenix's Citrus Acres-Arcadia Lite.
Where is this apartment building located?
The property is located at 2936 N 39th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Fully renovated units featuring in‑unit washer/dryers and modern kitchens and bathrooms.; Located in the highly desirable Citrus Acres‑Arcadia Lite neighborhood.; Superior vintage (built in 1983) offering functional layouts and modern infrastructure.
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New: 350 Mission StJust listed · $36/SF · 2 min ago