Upgraded 12-Unit Apartment
For Sale
$3,400,000
3611 N 5TH Avenue, Phoenix, AZ 85013
Twelve upgraded three-bedroom units each include in-unit washer/dryer, modernized bathrooms, and covered parking.
Property SizeContact for details
Days on Market102
Property Features for 3611 N 5TH Avenue
General Information
Standard status
Active
Property subtype
Multiple Dwellings
Additional Details
Multifamily Units
12
Amenities
gated access entry ways
charcoal barbeque grills
resort-style swimming pool
covered parking
low maintenance desert landscaping
Building Details
Year Built
1961
Year Renovated
2016
Tenancy
Multi
Listing Agency:
Matthews Real Estate Investment Services
(310) 388-0788
Listed By:
Bradley Skenderian · License #SA692958000
(949) 533-5594
Source:
Zanebelden
Added: Jun 23
Changed: Sep 30
Last Checked: Oct 1 at 12:01PM
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 Matthews Real Estate Investment Services
Investment Insights
Based on property information with market context.
Melrose on 5th is a 12-unit multifamily community originally built in 1961 and repositioned in 2016. The property offers a rare mix of 3-bedroom, 2-bath floor plans, with each unit measuring approximately 1,200 square feet. Unit interiors are upgraded and include washer/dryers, fully equipped kitchens with dishwashers and built-in microwaves, stainless steel appliances, faux vinyl wood flooring, and modernized bathrooms.
Exterior amenities include gated access entry ways, charcoal barbeque grills, a resort-style swimming pool, covered parking, and low-maintenance desert landscaping.
The community is presented as a well-maintained, renovated asset with uniform three-bedroom configurations and upgraded in-unit features.
Exterior amenities include gated access entry ways, charcoal barbeque grills, a resort-style swimming pool, covered parking, and low-maintenance desert landscaping.
The community is presented as a well-maintained, renovated asset with uniform three-bedroom configurations and upgraded in-unit features.
Key Highlights
- 12‑unit multifamily property built in 1961, with 2016 repositioning.
- Unit mix: (12) 3‑bedroom, 2‑bath floor plans, approximately 1,200 SF each.
- Upgraded interiors with in‑unit washer/dryer and fully equipped kitchens with dishwashers and built‑in microwaves.
Property Analytics
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Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,005
Businesses Nearby
Explore this area
Business Placement
Demographics for 85013, AZ
21,970
Population
11,618
Households
1.9
Avg Household Size
38
Median Age
47%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
5,938
Density / Sq Mi
$68,895
Median Household Income
$53,067
Median Earnings
$1,435
Median Rent
$476,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Twelve upgraded three-bedroom units each include in-unit washer/dryer, modernized bathrooms, and covered parking.
Where is this apartment building located?
The property is located at 3611 N 5TH Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 12‑unit multifamily property built in 1961, with 2016 repositioning.; Unit mix: (12) 3‑bedroom, 2‑bath floor plans, approximately 1,200 SF each.; Upgraded interiors with in‑unit washer/dryer and fully equipped kitchens with dishwashers and built‑in microwaves.
