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Springerville Multifamily Investment Opportunity
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44 Aldrice Burk Dr, Springerville, AZ 85938

20-unit apartment complex in Springerville, Arizona, built in 1985.

Property Size14,542 SF
Lot Size1.00 Acre
Price / SF$158.16
Days on Market163

Property Features for 44 Aldrice Burk Dr

General Information

Standard status Active
Size 14,542 SF
Total Parking Spaces 35
Lot size 1.00 Acre
Property subtype Multifamily

Building Details

Year Built 1985
Units 20
Listing Agency: ORION Investment Real Estate
Listed By: Zack Mishkin · License #AZ SA566430000
Source: Crexi
Added: Mar 12 Changed: Aug 10 Last Checked: Aug 21 at 7:21AM

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 ORION Investment Real Estate

Investment Insights

Based on property information with market context.

The Pines Apartments, constructed in 1985, is a 20-unit multifamily community located at 44 Aldrice Burk Drive, Springerville, Arizona. Situated on a 1-acre site, the property features 14,542 net rentable square feet of garden-style, two-story townhouse units. The unit mix includes 6 one-bedroom/1-bath (loft-style) units, 7 two-bedroom/1-bath (townhouse-style) units, and 7 three-bedroom/1-bath (townhouse-style) units. Standard finishes include a kitchen range and refrigerator, heating, and a tub/shower. All two and three-bedroom units are equipped with washer/dryer hookups. The property provides 35 uncovered parking spaces. Located in Springerville, residents benefit from walkability to shopping plazas and the White Mountain Regional Medical Center, with convenient access to the Apache-Sitgreaves National Forest. The property is positioned within one of the few market-rate rental housing areas in the mountain town.

Key Highlights

  • Limited rental supply market in Springerville, Arizona.
  • 20‑unit multifamily community with a mix of one, two, and three‑bedroom units.
  • Garden‑style, two‑story townhouse units.

Property Analytics

Current Use

Apartment buildings

Location Intelligence

Trade Area within ½ mile

1
Businesses Nearby

Demographics for 85938, AZ

2,100
Population
1,241
Households
1.7
Avg Household Size
43
Median Age
25%
College-Educated
88%
High-School Grad
241.5 sq mi
ZIP Area
9
Density / Sq Mi
$54,167
Median Household Income
$35,035
Median Earnings
$991
Median Rent
$191,700
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 - 20-unit apartment complex in Springerville, Arizona, built in 1985.
Where is this apartment building located?
The property is located at 44 Aldrice Burk Dr Springerville, AZ.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Limited rental supply market in Springerville, Arizona.; 20‑unit multifamily community with a mix of one, two, and three‑bedroom units.; Garden‑style, two‑story townhouse units.
(602) 363-6363 Call to check price and availability
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