Fully Occupied 7-Unit
For Sale
$1,995,624
3016 North 37th Street, Phoenix, AZ 85018
Fully occupied 7-unit apartment building with clean, well-maintained, low-maintenance units near 40th St and Thomas Rd.
Days on Market210
Property Features for 3016 North 37th Street
General Information
Standard status
Active
Property subtype
Multiple Dwellings
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
7
Building Details
Year Built
1945
Tenancy
Multi
Listing Agency:
Platinum Realty Group
(602) 920-9737
Listed By:
Gregory Yurkovic · License #BR579899000
(602) 920-9737
Source:
Compass
Added: Jan 1
Changed: Jul 22
Last Checked: Jul 29 at 2:34PM
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 Platinum Realty Group
Investment Insights
Based on property information with market context.
This listing at 3016 North 37th Street, Phoenix, AZ 85018 offers a fully occupied 7-unit apartment building. The units are described as clean, well-maintained, and low-maintenance, providing an income-producing configuration for an investor looking for steady current performance.
The property is located near 40th St & Thomas Rd in the Citrus Acres / Arcadia-adjacent area. The surrounding corridor is described as a growth area with nearby new construction, redevelopment activity, popular restaurants and shopping, and easy access to Arcadia, Biltmore, and major freeways.
The listing also notes potential for value-add through expansion or redevelopment of the lot, with the important reminder that any zoning and feasibility should be verified by the buyer. This opportunity is part of a broader 21-unit package.
The property is located near 40th St & Thomas Rd in the Citrus Acres / Arcadia-adjacent area. The surrounding corridor is described as a growth area with nearby new construction, redevelopment activity, popular restaurants and shopping, and easy access to Arcadia, Biltmore, and major freeways.
The listing also notes potential for value-add through expansion or redevelopment of the lot, with the important reminder that any zoning and feasibility should be verified by the buyer. This opportunity is part of a broader 21-unit package.
Key Highlights
- Fully occupied 7‑unit apartment building with 1 building on a painted block construction
- Near 40th St & Thomas Rd in the Citrus Acres / Arcadia‑adjacent area
- All units have cooling with ceiling fans and electric cooling
Property Analytics
Current Use
Lease Details
7
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
897
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied 7-unit apartment building with clean, well-maintained, low-maintenance units near 40th St and Thomas Rd.
Where is this apartment building located?
The property is located at 3016 North 37th Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,995,624.
What are key features of this property?
This property features: Fully occupied 7‑unit apartment building with 1 building on a painted block construction; Near 40th St & Thomas Rd in the Citrus Acres / Arcadia‑adjacent area; All units have cooling with ceiling fans and electric cooling
