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Courtesy of Better Homes & Gardens Real Estate SJ Fowler, James C Stephens Listing Contact: 602-672-3526 
11 Beds
9 Baths

$1,699,000

5035 N 23RD Avenue, Phoenix AZ, 85015

Built in1958
Property typeMulti-family

Overview

Active

Listed Mar 2, 2026

Updated Sep 2

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.

$11,303/mo

Est. mortgage payment based on a $1,699,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
6993194

Interior Features

Bedrooms
11
Bathrooms
9
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

Taxes
$6,272
Tax Frequency
Annually

Courtesy of Better Homes & Gardens Real Estate SJ Fowler, James C Stephens

Listing Contact: 602-672-3526 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Desert Momentum Real Estate Collection shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Not representative of the licensee’s transaction history. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

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Data Last Updated: 4:26 AM UTC, 9/2/2026.

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