Search
Detached Apartment Building
For Sale
$650,000

3311 E Cambridge Avenue, Phoenix, AZ 85008

Five detached apartments feature one-bedroom layouts, individual utility metering, and selected covered parking.

Property SizeContact for details
Days on Market10

Property Features for 3311 E Cambridge Avenue

General Information

Standard status Active
Property subtype MULTI_FAMILY

Site & Location

Highway Access Yes
Public Transit Yes
Utilities to Site Yes

Additional Details

Gross Income $63,552
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $685

Amenities

ceiling fans
covered parking

Building Details

Year Built 1940
Buildings 5
Listing Agency: Market Edge Realty, LLC
Listed By: Jennie Miller · License #BR638404000
Source: Alexiabertsatos
Added: Sep 14 Changed: Sep 19 Last Checked: Sep 22 at 8:46PM

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 Market Edge Realty, LLC

Investment Insights

Based on property information with market context.

This 1940-built multifamily property includes 5 detached 1-bedroom, 1-bath apartments. Each unit has a living room, kitchen, tile or vinyl flooring, and ceiling fans. One unit is vacant, while some apartments include covered parking. The property may accommodate a 6th unit, as indicated in the property information.

Electricity and gas are separately metered for each apartment and paid by the respective tenant. Tenants also share common-area utility costs equally. The property is near bus routes, Phoenix Zoo, Phoenix Sky Harbor, Perry Park, AZ-51, and AZ-Loop 202, with shopping and food-and-drink options nearby.

Key Highlights

  • 5 detached 1‑bedroom, 1‑bath apartments
  • Potential for a 6th unit
  • Each unit includes a living room and kitchen

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store Law Firm Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) 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

5
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

888
Businesses Nearby

Demographics for 85008, AZ

59,047
Population
24,508
Households
2.4
Avg Household Size
30
Median Age
24%
College-Educated
75%
High-School Grad
10.2 sq mi
ZIP Area
5,789
Density / Sq Mi
$61,369
Median Household Income
$36,969
Median Earnings
$1,300
Median Rent
$323,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Five detached apartments feature one-bedroom layouts, individual utility metering, and selected covered parking.
Where is this apartment building located?
The property is located at 3311 E Cambridge Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 5 detached 1‑bedroom, 1‑bath apartments; Potential for a 6th unit; Each unit includes a living room and kitchen
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