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Multifamily Compound with Shops
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2948 W Polk St, Phoenix, AZ 85009

Gated Phoenix property combines a residence, workspaces, storage, and rental accommodations within an R3-zoned compound.

Property Size4,747 SF
Lot Size0.50 Acres
Days on Market141

Property Features for 2948 W Polk St

General Information

Standard status Active
Size 4,747 SF
Lot size 0.50 Acres
Property subtype Multifamily
Zoning R3
Occupancy 100%

Site & Location

Highway Access Yes
Road Access Yes
Fenced Yard Yes

Warehouse & Industrial

Clear Height 12 ft
Warehouse Space 840 SF

Units

Unit Mix 1 x 2BR/1BA, 3 x studio
Multifamily Units 4

Additional Details

Business Included Yes

Amenities

storage
Listing Agency: Get MULTIfamily
Listed By: Patrick O'Sullivan, CCIM · License #BR634211000
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 7:12PM

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 Get MULTIfamily

Investment Insights

Based on property information with market context.

This R3-zoned multifamily compound in Phoenix includes a 2-bedroom, 1-bath home at the street and approximately 4,747 square feet of additional studios, offices, shops, and warehouse space. The gated interior contains an 840-square-foot warehouse with a 12-foot ceiling, three 740-square-foot shops or garages, and three 300-square-foot studio apartments or offices. Block-wall enclosure and concrete slab areas support the compound layout, with storage incorporated throughout.

The property occupies more than one-half acre and is located near I-10 and I-17, south of I-10 and west of I-17, with downtown Phoenix nearby. All spaces are currently rented as short-term accommodations, and the sellers can continue managing the Airbnb operation. The site also offers live/work and family-compound functionality.

Key Highlights

  • R3‑zoned multifamily compound on more than 1/2 acre
  • 4,747 sq ft of studios, offices, shops, and warehouse space
  • 2 bed, 1 bath home positioned at the street

Property Analytics

Current Use

La Casita Hostel

Suggested Use

Top Pick Real Estate Agency Dental Office Spa & Massage Center Computer & Electronic Repair (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12 ft
Clear height
4
Residential units
100%
Occupancy
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

736
Businesses Nearby

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

Market

Vacancy Rate% for Office in Phoenix, AZ

14.4% 2019
19.3% 2020
21.7% 2021
24.3% 2022
27.4% 2023
28.5% 2024
26.5% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Gated Phoenix property combines a residence, workspaces, storage, and rental accommodations within an R3-zoned compound.
Where is this multifamily property located?
The property is located at 2948 W Polk St Phoenix, AZ.
What are key features of this property?
This property features: R3‑zoned multifamily compound on more than 1/2 acre; 4,747 sq ft of studios, offices, shops, and warehouse space; 2 bed, 1 bath home positioned at the street
(602) 842-5050 Call to check price and availability
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