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Renovated 4-Unit Multifamily Property
For Sale
$649,000

502 N 11th St, Phoenix, AZ 85006

Four residential units offer a mix of one-bedroom and studio layouts with individual central air-conditioning.

Property SizeContact for details
Days on Market340

Property Features for 502 N 11th St

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 2 x 1BR/1BA, 2 x Studio
Multifamily Units 4

Additional Details

Utilities to Site Yes

Amenities

gas ranges
stackable washer/dryers
central air conditioning

Building Details

Year Built 1960
Buildings 1
Listing Agency: CTS Realty
Listed By: Sherry A McQueen · License #BR534071000
Source: Arizonahomeselling
Added: Sep 29, 2025 Changed: Sep 1 Last Checked: Sep 2 at 6:24PM

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 CTS Realty

Investment Insights

Based on property information with market context.

This four-unit multifamily property includes two one-bedroom, one-bath residences and two studio apartments. Each unit is equipped with central air-conditioning, a gas range, and a full-size stackable washer and dryer. Electric and gas service is submetered, with tenants responsible for those utilities. Interior features include tile flooring, while the property has painted block construction and composition roofing.

Built in 1960 and renovated over the years, the property is located at 502 North 11th Street in Phoenix’s Garfield district. The surrounding area includes sidewalks and a mix of historic context and contemporary community activity. Multi-Family zoning supports the property’s existing residential income configuration.

Key Highlights

  • Four‑unit configuration with two 1 bd/1 bath units and two studio flats
  • Each unit includes central air‑conditioning, a gas range, and a full‑size stackable washer/dryer
  • Electric and gas utilities are submetered and paid by tenants

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Veterinary Clinic (Bike/Boat/Book/etc) Store Tanning Salon Butcher Restaurant Mobile Phone Store

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

Lease Details

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,307
Businesses Nearby

Demographics for 85006, AZ

23,797
Population
10,607
Households
2.2
Avg Household Size
34
Median Age
27%
College-Educated
78%
High-School Grad
4.0 sq mi
ZIP Area
5,949
Density / Sq Mi
$60,742
Median Household Income
$39,899
Median Earnings
$1,168
Median Rent
$376,600
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?
Quadplex - Four residential units offer a mix of one-bedroom and studio layouts with individual central air-conditioning.
Where is this quadplex located?
The property is located at 502 N 11th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Four‑unit configuration with two 1 bd/1 bath units and two studio flats; Each unit includes central air‑conditioning, a gas range, and a full‑size stackable washer/dryer; Electric and gas utilities are submetered and paid by tenants
More about this property
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