Search
Phoenix Multifamily Investment Opportunity
For Sale
$1,995,640

3027 N 37TH Street, Phoenix, AZ 85018

MULTI_FAMILY - Phoenix, AZ

Property SizeContact for details
Days on Market205

Property Features for 3027 N 37TH Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R-3
Appliances Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave
Subdivision CITRUS ACRES LOTS 1 THRU 20
Elementary school Monte Vista Elementary School
Middle school Monte Vista Elementary School
High school North High School
Elementary school district Creighton Elementary District
Middle school district Phoenix Union High School District
High school district Phoenix Union High School District
Directions North on 37th Street from Thomas - Property on right hand side
Standard status Active
APN 127-22-035

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 65 CITRUS ACRES LOTS 1 THRU 20 MCR
Tax Annual Amount 3732
Legal Description LOT 65 CITRUS ACRES LOTS 1 THRU 20 MCR

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Electric

Building Details

Year built 1964
Number of units 7
Flooring type Tile, Vinyl
Building materials Painted, Block
Roof type Composition
Listing Agency: Platinum Realty Group
Listed By: Gregory Yurkovic · License #BR579899000
Added: Jan 15 Changed: Jul 25 Last Checked: Aug 8 at 11:06PM
MLS# 6969185

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This seven-unit property is located in Phoenix, Arizona. The units are move-in ready and have been upgraded. The property is situated in a rapidly gentrifying area, close to Arcadia, with high demand for quality rentals. It is part of a 21-unit portfolio, offering the option to acquire a larger package. The property is zoned R-3 and is suitable for multifamily or residential income use.

Key Highlights

  • 7‑unit multifamily property built in 1964
  • Block construction with composition roof
  • Forced‑air heating and electric cooling

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Electrical Service Garden Center Butcher Storage Facility

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

7
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

897
Businesses Nearby

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Seven-unit property in a rapidly gentrifying Phoenix neighborhood.
Where is this apartment building located?
The property is located at 3027 N 37TH Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,995,640.
What are key features of this property?
This property features: 7‑unit multifamily property built in 1964; Block construction with composition roof; Forced‑air heating and electric cooling
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message