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New Townhome Community in Phoenix
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3805 E Monterey Wy, Phoenix, AZ 85018

New construction townhomes in Phoenix's Arcadia Corridor.

Property Size1,825 SF
Price / SF$5,068
Days on Market845

Property Features for 3805 E Monterey Wy

General Information

Standard status Active
Size 1,825 SF
Class A
Property subtype Multifamily
Zoning r-3
Investment Type Stabilized
Net Operating Income $516,426

Building Details

Year Built 2024
Buildings 7
Stories 2
Units 15
Listing Agency: Marcus & Millichap - Phoenix
Listed By: Sean Connolly · License #AZ SA673848000
Source: Crexi
Added: Apr 30, 2024 Changed: Aug 8 Last Checked: Aug 21 at 9:09PM

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 Marcus & Millichap - Phoenix

Investment Insights

Based on property information with market context.

Alameda Villas is a new construction boutique townhome community featuring 15 units. Each unit has a three-bedroom, two-and-a-half-bath floor plan. The units average 1,825 square feet, offering spaciousness and thoughtful design. The community is located near eateries, educational institutions, and retail choices in Phoenix's Arcadia Corridor.

Key Highlights

  • New construction (2024) boutique townhome community.
  • Located in the vibrant heart of Phoenix's Arcadia Corridor.
  • Spacious three‑bedroom floor plan averaging 1,825 square feet.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Real Estate Agency Veterinary Clinic Locksmith Hotel & Motel

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

1,406
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
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Frequently Asked Questions

What type of property is this?
Apartment building - New construction townhomes in Phoenix's Arcadia Corridor.
Where is this apartment building located?
The property is located at 3805 E Monterey Wy Phoenix, AZ.
What is the asking price?
The asking price for this property is $9,250,000.
What are key features of this property?
This property features: New construction (2024) boutique townhome community.; Located in the vibrant heart of Phoenix's Arcadia Corridor.; Spacious three‑bedroom floor plan averaging 1,825 square feet.
(602) 687-6700 Call to check price and availability
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