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5035 N 23RD Avenue
Phoenix AZ 85015 US

$1,699,000

Active Listing ID 6993194
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11 bed
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9.00 Bath (3 Full)
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Other

$1,699,000

Active Listing ID 6993194
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5035 N 23RD Avenue 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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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 3
  • Cooling System: Heat Pump, Electric
  • Exterior Finish: Sidewalk(s)
  • Floor Covering: Laminate, Tile - Ceramic, Vinyl, Concrete, Wood
  • Roof Type: Composition, Rolled Hot Mop
  • Heating Fuels: Electric (Heating), Heat Pump (Heating), Natural Gas

School Information

  • School
  • Central High School(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1699000
  • unparsedaddress: 5035 N 23RD Avenue
  • postalcity: Phoenix
  • stateorprovince: AZ
  • country: US
  • postalcode: 85015
  • bathroomsfull: 3
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 33.510897
  • longitude: -112.107835
  • listagentfullname: James C Stephens
  • listagentemail: cstephens@ccim.net
  • listagentkey: 3yd-ARMLSAZ-js1287
  • listagentmlsid: js1287
  • listagentpreferredphone: 6026723526
  • listagentofficephone: 6026723526
  • listofficekey: 3yd-ARMLSAZ-sjfl01
  • listofficemlsid: sjfl01
  • disclaimer: Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: ARMLSAZ
  • yearbuilt: 1958
  • listingcontractdate: 2026-03-02
  • listagenturl: www.phoenixmulti-family.com
  • countyorparish: Maricopa
  • parcelnumber: 153-25-053
  • highschool: Central High School
  • elementaryschooldistrict: Alhambra Elementary District
  • middleorjuniorschooldistrict: Phoenix Union High School District
  • highschooldistrict: Phoenix Union High School District
  • appliances: Free-Standing Range, Dishwasher, Refrigerator, Microwave
  • cooling: Heat Pump, Electric
  • constructionmaterials: Wood Frame, Painted, Stucco, Block
  • flooring: Laminate, Tile - Ceramic, Vinyl, Concrete, Wood
  • heating: Electric (Heating), Heat Pump (Heating), Natural Gas
  • numberofunitstotal: 9
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Assigned, Off Street
  • roof: Composition, Rolled Hot Mop
  • waterfrontyn: False
  • franchiseaffiliation: Real Living
  • exteriorfeatures: Sidewalk(s)
  • rooms: Bathroom 8, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 3, Bathroom 9, Bathroom 7, Bedroom 9, Bathroom 1, Bedroom 6, Bedroom 11, Bedroom 10, Bathroom 6, Bedroom 7, Bathroom 5, Bedroom 1, Bedroom 3, Bedroom 8, Bathroom 2, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -112.107834, 33.5109
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Real Living SJ Fowler Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"cstephens@ccim.net", "ListBrokerageCity":"Mesa", "ListBrokerageCountry":"US", "ListBrokerageEmail":"sfowler@sjfowler.net", "ListBrokerageLogoUrl":"http://lh.rdcpix.com/6cf98cd100e911e2a540123138199cedk-c3388124009r.png", "ListBrokerageName":"Real Living SJ Fowler Real Estate", "ListBrokeragePhone":"(480) 649-3536", "ListBrokeragePostalCode":"85205", "ListBrokerageStateOrProvince":"AZ", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"6360 E Brown Rd STE 103", "ListBrokerageWebsiteUrl":"http://www.sjfowler.com", "ListOfficeAddress1":"6360 E Brown Rd. Suite 103", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"sjfl01", "ListOfficeCity":"Mesa", "ListOfficeCountry":"US", "ListOfficeEmail":"sfowler@sjfowler.net", "ListOfficePostalCode":"85205", "ListOfficeStateOrProvince":"AZ", "ListPriceCurrencyType":"USD", "ListingTitle":"Multiple Dwellings, Phoenix, AZ", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/5035-N-23rd-Ave_Phoenix_AZ_85015_M22848-48874?f=listhub&s=ARMLSAZ&m=6993194&c=rexren", "MLSModificationTimestamp":"2026-09-01 17:31:59", "Neighborhoods":[{"Description":null, "Name":"CAMELBACK GARDENS"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":6272, "TaxDescription":"CAMELBACK GARDENS MCR 29/37 LOT 4 BLK 3 & W2 OF ABAND ALLEY LY E OF & ADJ TO E LN SD LOT AS ABAND P", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/12/2026 2:00:11 PM GMT
Source Updated Date: 9/23/2026 12:43:41 AM GMT

Courtesy of: James C Stephens, Better Homes & Gardens Real Estate SJ Fowler, cstephens@ccim.net

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.