Listing Agency: MHG Commercial Real Estate

Listed By: Chelsea Barraco · License #AZ

Source: Crexi

Added: Apr 11 Changed: Sep 1 Last Checked: Sep 1 at 6:52PM

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Investment Insights

Based on property information with market context.

This multifamily property includes two-bedroom, two-bath units with in-suite laundry. The site also provides off-street parking and green space for residents. A RUBS arrangement assigns water, sewer, and trash expenses to tenants.

Located at 4020 N 23rd Ave in Phoenix, the property offers a residential income configuration with practical in-unit amenities and on-site parking. The unit layout, laundry features, and outdoor areas support straightforward multifamily operations.

Key Highlights

• Two‑bedroom, two‑bath unit layouts
• In‑suite laundry in the units
• Off‑street parking on the property

Property Analytics

Property Profile

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Nail Salon Skin Care Clinic

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

968

Businesses Nearby

Explore this area Business Placement

Demographics for 85015, AZ

41,436

Population

17,889

Households

2.3

Avg Household Size

33

Median Age

25%

College-Educated

78%

High-School Grad

4.9 sq mi

ZIP Area

8,456

Density / Sq Mi

$52,585

Median Household Income

$36,456

Median Earnings

$1,227

Median Rent

$312,600

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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

What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - Units offer private laundry, off-street parking, and shared green space.

Where is this multifamily property located?

The property is located at 4020 N 23rd Ave Phoenix, AZ.

What are key features of this property?

This property features: Two‑bedroom, two‑bath unit layouts; In‑suite laundry in the units; Off‑street parking on the property