Single-Story 8-Unit Apartment
5317 North 11th Street Phoenix, AZ 85014
5317 North 11th Street, Phoenix, AZ, 85014
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For Sale
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8-unit, single-story multifamily featuring in-unit washers/dryers and a private pool.
Property Size7,000 SF
Lot Size0.63 Acres
Price / SF$314.29
Days on Market66
Property Features for 5317 North 11th Street
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Lot size
- 0.63 Acres
- Property subtype
- Multifamily
Listing agency
Keig Commercial
Listed by
Frank Demeter · License #AZ BR503910000
Source
Crexi
Added: May 19 Updated: Jul 22 at 2:07PM Checked: Jul 22 at 2:07PM
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 Keig Commercial
Investment Insights
Based on property information with market context.
5317 N. 11th Street Apartments is an 8-unit, single-story multifamily property in Phoenix, AZ, configured as four separate buildings. The community consists entirely of 2-bedroom residences. Built in 1963, the property underwent renovations between 2012–2014.
Unit interiors include open kitchens and polished concrete floors, with in-unit washers and dryers. Most residences also include private patios or secure backyards. Community amenities include a private pool, covered parking, and individual storage, set within a landscaped setting.
The property is positioned in the Biltmore / North Central Corridor and is described as an infill location with walkable access to destinations including the Arizona Biltmore, Biltmore Fashion Park, the 7th Street restaurant corridor, and the Arizona Canal, along with nearby trailheads and major employment hubs with quick connectivity to AZ-51.
Unit interiors include open kitchens and polished concrete floors, with in-unit washers and dryers. Most residences also include private patios or secure backyards. Community amenities include a private pool, covered parking, and individual storage, set within a landscaped setting.
The property is positioned in the Biltmore / North Central Corridor and is described as an infill location with walkable access to destinations including the Arizona Biltmore, Biltmore Fashion Park, the 7th Street restaurant corridor, and the Arizona Canal, along with nearby trailheads and major employment hubs with quick connectivity to AZ-51.
Key Highlights
- 8‑unit, single‑story multifamily at 5317 N. 11th Street, Phoenix, AZ 85014
- All 2‑bedroom units across four buildings on approximately 0.63 acres
- Built in 1963; renovated between 2012–2014
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $157.9k | $22.56 |
| − Vacancy | −$9.5k | −$1.35 |
| EGI | $148.4k | $21.21 |
| − OpEx | −$66.8k | −$9.54 |
| NOI | $81.6k | $11.66 |
7,000 SF · lease $22.56/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,645 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.86M – $2.47M
NOI $148,425 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 8-unit, single-story multifamily featuring in-unit washers/dryers and a private pool.
Where is this apartment building located?
The property is located at 5317 North 11th Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 8‑unit, single‑story multifamily at 5317 N. 11th Street, Phoenix, AZ 85014; All 2‑bedroom units across four buildings on approximately 0.63 acres; Built in 1963; renovated between 2012–2014
