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24-Unit Garden-Style Apartment Community
New
For Sale
$3,200,000

510 E Hatcher Road Ofc, Phoenix, AZ 85020

Individually metered electricity and a refreshed laundry room serve the renovated residences.

Property SizeContact for details
Days on Market3

Property Features for 510 E Hatcher Road Ofc

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Year Built 1985
Listing Agency: ABI Multifamily
Listed By: Dallin J Hammond · License #SA677560000
Source: Houzaz
Added: Sep 30 Last Checked: Oct 1 at 5:06PM

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 ABI Multifamily

Investment Insights

Based on property information with market context.

Hatcher Heights is a three-story apartment community with 24 units. The mix includes 12 one-bedroom, one-bathroom apartments and 12 two-bedroom, one-bathroom apartments, averaging 599 SF. Built in 1985 and renovated in 2022, the property has updated windows, plumbing and drain lines, plus a permitted entry gate, parking lot and block wall. All apartments have been renovated or turned. The shared laundry room has also been renovated; two units include in-suite washer/dryers, and panels are in place for installation in the remaining units. Electricity is individually metered for each apartment.

The property is in Phoenix’s Sunnyslope area, across from HonorHealth John C. Lincoln Medical Center and within walking distance of Sunnyslope High School and the Arizona Canal Trail. I-17, SR-51 and North Mountain are nearby.

Key Highlights

  • 24 apartments averaging 599 SF each
  • Unit mix: 12 one‑bedroom/one‑bathroom and 12 two‑bedroom/one‑bathroom apartments
  • Three‑story community built in 1985 and renovated in 2022

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Daycare Center Computer & Electronic Repair (Bike/Boat/Book/etc) Store Carpet & Flooring 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.

Location Intelligence

Trade Area within ½ mile

1,998
Businesses Nearby

Demographics for 85020, AZ

34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Individually metered electricity and a refreshed laundry room serve the renovated residences.
Where is this apartment building located?
The property is located at 510 E Hatcher Road Ofc Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 24 apartments averaging 599 SF each; Unit mix: 12 one‑bedroom/one‑bathroom and 12 two‑bedroom/one‑bathroom apartments; Three‑story community built in 1985 and renovated in 2022
More about this property
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