Historic Multifamily
For Sale
Contact for pricing
5250 North 20th Street, Phoenix, AZ 85016
Originally developed in 1960, this residential community offers one-, two-, and three-bedroom units with notably expansive floorplans.
Property Size40,840 SF
Days on Market55
Property Features for 5250 North 20th Street
General Information
Standard status
Active
Size
40,840 SF
Total Parking Spaces
48
Property subtype
Multifamily
Zoning
R-3
Occupancy
91%
Investment Type
Value Add
Net Operating Income
$156,849
Building Details
Year Built
1960
Buildings
7
Units
37
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Phoenix
Listed By:
Adam Saylor · License #AZ SA659585000
(602) 687-6768
Source:
Crexi
Added: Jul 21
Changed: Sep 6
Last Checked: Sep 13 at 3:59AM
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 Marcus & Millichap - Phoenix
Investment Insights
Based on property information with market context.
Originally developed in 1960, The Hibiscus is a well-maintained multifamily community presented as a long-term legacy property. The current ownership has preserved and enhanced the property over decades, with a standout focus on an extraordinary citrus landscape maintained throughout the community. The unit mix features one-bedroom units (30%), two-bedroom units (65%), and three-bedroom units (5%), with an average unit size of approximately 1,104 square feet.
The property is located at 5250 North 20th Street in Phoenix, Arizona. Future ownership will have the opportunity to implement a platinum-level interior renovation program to all units, with the stated goal of capturing an associated interior renovation premium.
The property is located at 5250 North 20th Street in Phoenix, Arizona. Future ownership will have the opportunity to implement a platinum-level interior renovation program to all units, with the stated goal of capturing an associated interior renovation premium.
Key Highlights
- Originally developed in 1960
- Unit mix includes 1‑bedroom (30%), 2‑bedroom (65%), and 3‑bedroom (5%)
- Average unit size of 1,104 SF with notably expansive floorplans
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,403
Businesses Nearby
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Business Placement
Demographics for 85016, AZ
37,326
Population
21,363
Households
1.7
Avg Household Size
38
Median Age
50%
College-Educated
94%
High-School Grad
8.2 sq mi
ZIP Area
4,552
Density / Sq Mi
$85,085
Median Household Income
$53,781
Median Earnings
$1,575
Median Rent
$508,400
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 - Originally developed in 1960, this residential community offers one-, two-, and three-bedroom units with notably expansive floorplans.
Where is this apartment building located?
The property is located at 5250 North 20th Street Phoenix, AZ.
What are key features of this property?
This property features: Originally developed in 1960; Unit mix includes 1‑bedroom (30%), 2‑bedroom (65%), and 3‑bedroom (5%); Average unit size of 1,104 SF with notably expansive floorplans
