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5035 N 23rd Avenue, Phoenix, AZ 85015

Phoenix
Local realty services provided by:CENTURY 21 Desert Estates Realty
5035 N 23rd Avenue,Phoenix, AZ 85015
$1,699,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: james c stephens
Office: better homes & gardens real estate sj fowler
MLS#:6993194
Source:ARMLS

Price summary

  • Price:$1,699,000

About this home

Uptown PHX 9-unit complex spread out over close to a 25,000-sf lot with R-3 zoning. 7.2 CAP off 2025 P&L w/ 100% occupancy. Nice pocket north of Camelback Road, 1 mile east of GCU & 1/2 mile east of the I-17. Opportunity Zone. Hard to find SELLER FINANCING available but not required (6% interest-only with 30% down in 1st position only). Fully upgraded & fully stabilized. 2025 P&L of $122,000 NOI. Seven buildings. The unit mix consists of (2) two-bedroom units; (4) one-bedroom units; & (3) bigger studio units. The jumbo lot/zoning offers density & additional value potential. Over $250,000 in renovations just a few years ago.

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Home facts

  • Year built:1958
  • Listing ID #:6993194
  • Updated:July 28, 2026 at 03:14 PM

Rooms and interior

  • Flooring:Ceramic Tile, Concrete, Laminate, Vinyl, Wood

Heating and cooling

  • Cooling:Electric, Heat Pump
  • Heating:Electric, Heat Pump, Natural Gas

Structure and exterior

  • Year built:1958
  • Construction Materials:Block, Painted, Stucco

Schools

  • High school:Central High School

Utilities

  • Water:City Franchise
  • Sewer:Sewer in & Connected

Finances and disclosures

  • Price:$1,699,000
  • Tax amount:$6,272 (2025)

Parking

  • Total parking spaces:14
  • Parking description:Assigned, Free Parking, More Than 1 Parking Space/Unit, Paved
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. ARMLS Member Broker: JoAnn Ayres

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