Nine-Unit Apartment
For Sale
$1,699,000
5035 N 23RD Avenue, Phoenix, AZ 85015
Multiple Dwellings, Phoenix, AZ
Property SizeContact for details
Lot Size0.57 Acres
Days on Market191
Property Features for 5035 N 23RD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
11
Bathrooms
9
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 5, Bathroom 1, Bedroom 11, Bathroom 8, Bedroom 4, Bedroom 6, Bathroom 6, Bathroom 7, Bathroom 9, Bedroom 8, Bedroom 7, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 5, Bedroom 9, Bedroom 3, Bedroom 10, Bedroom 2
Parking features
Off Street, Assigned
Exterior features
Sidewalk(s)
Appliances
Free-Standing Range, Dishwasher, Refrigerator, Microwave
Subdivision
CAMELBACK GARDENS
High school
Central High School
Elementary school district
Alhambra Elementary District
Middle school district
Phoenix Union High School District
High school district
Phoenix Union High School District
Directions
East of the I-17 and north of Camelback Rd.
Standard status
Active
APN
153-25-053
Lot size
0.57 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAMELBACK GARDENS MCR 29/37 LOT 4 BLK 3 & W2 OF ABAND ALLEY LY E OF & ADJ TO E LN SD LOT AS ABAND P
Tax Annual Amount
6272
Legal Description
CAMELBACK GARDENS MCR 29/37 LOT 4 BLK 3 & W2 OF ABAND ALLEY LY E OF & ADJ TO E LN SD LOT AS ABAND P
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating), Natural Gas
Cooling system
Electric, Heat Pump
Building Details
Year built
1958
Number of units
9
Flooring type
Vinyl, Laminate, Concrete, Wood, Tile - Ceramic
Building materials
Wood Frame, Painted, Stucco, Block
Roof type
Composition, Rolled Hot Mop
Listing Agency:
Better Homes & Gardens Real Estate SJ Fowler · Real Living
(480) 649-3536
Listed By:
James C Stephens · License #BR650365000
(602) 672-3526
Added: Mar 2
Changed: Sep 1
Last Checked: Sep 9 at 9:06PM
MLS# 6993194
Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This nine-unit apartment property comprises seven buildings on a nearly 25,000-square-foot lot with R3 zoning. The unit mix includes two two-bedroom apartments, four one-bedroom apartments, and three larger studio units. The property was built in 1958 and has undergone renovations in recent years. Unit features include free-standing ranges, dishwashers, refrigerators, and microwaves, while assigned and off-street parking serve the complex. Construction includes wood frame, stucco, painted, and block elements, with wood, laminate, vinyl, ceramic tile, and concrete flooring. Heating and cooling are provided through electric and heat-pump systems, with natural gas heating also present. Public sewer serves the property.
The complex is located at 5035 N 23RD Avenue in Phoenix, approximately 1 mile east of GCU and 1/2 mile east of I-17, north of Camelback Road. The property is identified as being within an Opportunity Zone and reports 100% occupancy with a 7.2 CAP based on the 2025 P&L.
The complex is located at 5035 N 23RD Avenue in Phoenix, approximately 1 mile east of GCU and 1/2 mile east of I-17, north of Camelback Road. The property is identified as being within an Opportunity Zone and reports 100% occupancy with a 7.2 CAP based on the 2025 P&L.
Key Highlights
- Nine‑unit apartment complex distributed across seven buildings
- Unit mix: (2) two‑bedroom units, (4) one‑bedroom units, and (3) bigger studio units
- Close to 25,000‑sf lot with R‑3 zoning
Property Analytics
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Current Use
Lease Details
9
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,200
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - R3-zoned multifamily property with seven buildings, assigned parking, and a mix of studios and one- and two-bedroom units.
Where is this apartment building located?
The property is located at 5035 N 23RD Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Nine‑unit apartment complex distributed across seven buildings; Unit mix: (2) two‑bedroom units, (4) one‑bedroom units, and (3) bigger studio units; Close to 25,000‑sf lot with R‑3 zoning
