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Studio Multifamily Property
For Sale
$569,000

5911 West Lamar Road Unit 2, Glendale, AZ 85301

C-2-zoned multifamily property with tiled studio units and individually metered APS electric service.

Property SizeContact for details
Days on Market366

Property Features for 5911 West Lamar Road Unit 2

General Information

Standard status Active
Property subtype Multiple Dwellings
Zoning C-2
Net Operating Income $57,975

Property Condition

Severity Repairs Needed
Evidence deferred maintenance

Additional Details

Asking Price $640,000
Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $648

Amenities

Window/Wall Unit
Electric
Ceramic Tile
Yes
0.0
Rolled/Hot Mop
No Pool
3
6
Stucco, Block

Building Details

Year Built 1940
Listing Agency: Open House Realty
Listed By: Emily Weaver · License #SA668881000
Source: Compass
Added: Aug 31, 2025 Changed: Aug 30 Last Checked: Aug 30 at 4:07PM

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 Open House Realty

Investment Insights

Based on property information with market context.

This C-2-zoned multifamily property contains studio units with ceramic tile flooring, tiled showers, and tile countertops. Each unit includes a private courtyard patio, while electric service is separately metered through APS. Window or wall-mounted electric units provide heating and cooling. The improvements date to 1940 and feature stucco and block construction, a rolled or hot-mop roof, and no pool.

The property is located at 5911 West Lamar Road in Glendale, within walking distance of Historic Glendale shopping and restaurants. Grand Avenue provides access toward downtown Phoenix, and Westgate amenities and spring training venues are nearby. Long-term tenants are in place, and the property has some deferred maintenance.

Key Highlights

  • Studio units with ceramic tile floors, tiled showers, and tile countertops
  • Private courtyard patio provided for each unit
  • Separate APS electric meters for individual units

Property Analytics

Current Use

1031 exchange properties

Suggested Use

Top Pick Real Estate Agency Pharmacy Bakery Law Firm Gym & Fitness Center Locksmith

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

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,434
Businesses Nearby

Demographics for 85301, AZ

67,380
Population
24,019
Households
2.8
Avg Household Size
30
Median Age
11%
College-Educated
71%
High-School Grad
9.3 sq mi
ZIP Area
7,245
Density / Sq Mi
$47,422
Median Household Income
$33,727
Median Earnings
$1,189
Median Rent
$218,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - C-2-zoned multifamily property with tiled studio units and individually metered APS electric service.
Where is this multifamily property located?
The property is located at 5911 West Lamar Road Unit 2 Glendale, AZ.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Studio units with ceramic tile floors, tiled showers, and tile countertops; Private courtyard patio provided for each unit; Separate APS electric meters for individual units
More about this property
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