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New Construction Apartment Community
New
For Sale
$8,699,900

3804 E MONTEREY Way, Phoenix, AZ 85018

Fifteen attached residences offer three-bedroom layouts, private two-car garages, and contemporary finishes in a recently completed community.

Property SizeContact for details
Days on Market5

Property Features for 3804 E MONTEREY Way

General Information

Standard status Active
Property subtype MULTI_FAMILY

Taxes and HOA fees

Annual Taxes $2,342

Building Details

Year Built 2024
Listing Agency: ARRT of Real Estate
Listed By: Robert Romanet · License #SA686850000
Source: Jcluxuryresidential
Added: Aug 8 Changed: Aug 12 Last Checked: Aug 12 at 5:46AM

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 ARRT of Real Estate

Investment Insights

Based on property information with market context.

Completed in 2024, this 15-residence apartment community consists of single-family townhome-style units. Each residence provides three bedrooms, two and one-half bathrooms, 1,825 square feet of living space, and 2,246 square feet under roof. Two-car garages accompany the homes, while custom cabinetry, refined countertops, durable flooring, and synthetic stucco exteriors are among the stated improvements.

The property is located at 3804 E Monterey Way in Phoenix, Arizona 85018, within the Arcadia/Scottsdale area. Dining, grocery stores, and shopping are identified nearby. The residences are fully occupied, and the community may be acquired as a whole or offered as individual single-family residences, providing multiple ownership and leasing structures supported by the existing configuration.

Key Highlights

  • 15 townhome‑style residences completed in 2024
  • Each unit includes 3 bedrooms and 2.5 bathrooms
  • 1,825 SF of living space and 2,246 SF under roof per unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Real Estate Agency Veterinary Clinic Locksmith Catering Service

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

Location Intelligence

Trade Area within ½ mile

481
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Fifteen attached residences offer three-bedroom layouts, private two-car garages, and contemporary finishes in a recently completed community.
Where is this apartment building located?
The property is located at 3804 E MONTEREY Way Phoenix, AZ.
What is the asking price?
The asking price for this property is $8,699,900.
What are key features of this property?
This property features: 15 townhome‑style residences completed in 2024; Each unit includes 3 bedrooms and 2.5 bathrooms; 1,825 SF of living space and 2,246 SF under roof per unit
More about this property
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