# 1229 N 35TH Street, Phoenix, AZ 85008 > **TL;DR:** 28bd/14ba residential multi family, $3,300,000, built 1987. > A/C. Est. $17,650/mo. Listed 13 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $3,300,000 | | Bedrooms | 28 | | Bathrooms | 14 full | | Year Built | 1987 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 13 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $16,687 | | Estimated Insurance | $963 | | **Total** | **$17,650** | ## Key Amenities - A/C ## Property Highlights - Built in 1987 ## Description ### Agent Description A 14-unit apartment community in one of Phoenix's most accessible central locations. Every unit is a two-bedroom one-bath residence, and 12 units have been remodeled recently. The major building systems have also been updated: all air conditioners and water heaters were replaced within the past five years. That gives a new owner a well-maintained asset with limited near-term capital needs to step into a turn key business. The property also has clear, built-in upside. Current rents are about 10-15% below market, so an owner can increase income through rent adjustments. Most tenants are on a month-to-month lease, which lets a buyer move rents to market on their own timeline. The residents are long-term, which points to stable occupancy and a community people choose to stay in. Eight units h have their own washer and dryers and the rest of units use onsite community laundry. The property also includes vacant land with room for an additional fourplex. That gives an investor a path to grow the unit count from 14 to 18 and boost long-term returns through new construction. The location is just south of McDowell Road with quick access to the Loop 202 Red Mountain Freeway. Residents are minutes from Phoenix Sky Harbor International Airport, Downtown Phoenix, and Papago Park. Grocery shopping, schools, and major employment centers are all close by. ## Location - **Address:** 1229 N 35TH Street, Phoenix, AZ 85008 - **County:** Maricopa - **Coordinates:** 33.462939, -112.005154 - **Google Maps:** https://www.google.com/maps?q=33.462939,-112.005154 ## Listing Agent - **Name:** Scott Marlow - **Brokerage:** eXp Realty, LLC - **Broker Phone:** (602) 525-3224 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1229-N-35th-St_Phoenix_AZ_85008_M15688-53949?f=listhub&s=ARMLSAZ&m=7095112&c=propsimple) ## Photos ![1229 N 35TH Street - Photo 1](http://lh.rdcpix.com/2aefeb2ff025e2c0ea694f47887f350el-f2245825384r.jpg) ![1229 N 35TH Street - Photo 2](http://lh.rdcpix.com/2aefeb2ff025e2c0ea694f47887f350el-f2072089r.jpg) ![1229 N 35TH Street - Photo 3](http://lh.rdcpix.com/2aefeb2ff025e2c0ea694f47887f350el-f985254559r.jpg) ![1229 N 35TH Street - Photo 4](http://lh.rdcpix.com/2aefeb2ff025e2c0ea694f47887f350el-f1202083937r.jpg) ![1229 N 35TH Street - Photo 5](http://lh.rdcpix.com/2aefeb2ff025e2c0ea694f47887f350el-f3656648247r.jpg) ![1229 N 35TH Street - Photo 6](http://lh.rdcpix.com/2aefeb2ff025e2c0ea694f47887f350el-f3807138252r.jpg) ![1229 N 35TH Street - Photo 7](http://lh.rdcpix.com/2aefeb2ff025e2c0ea694f47887f350el-f245022567r.jpg) ![1229 N 35TH Street - Photo 8](http://lh.rdcpix.com/2aefeb2ff025e2c0ea694f47887f350el-f3990878391r.jpg) ![1229 N 35TH Street - Photo 9](http://lh.rdcpix.com/2aefeb2ff025e2c0ea694f47887f350el-f2626364657r.jpg) ![1229 N 35TH Street - Photo 10](http://lh.rdcpix.com/2aefeb2ff025e2c0ea694f47887f350el-f846253459r.jpg) ![1229 N 35TH Street - Photo 11](http://lh.rdcpix.com/2aefeb2ff025e2c0ea694f47887f350el-f907951233r.jpg) ![1229 N 35TH Street - Photo 12](http://lh.rdcpix.com/2aefeb2ff025e2c0ea694f47887f350el-f1042816950r.jpg) ![1229 N 35TH Street - Photo 13](http://lh.rdcpix.com/2aefeb2ff025e2c0ea694f47887f350el-f989487032r.jpg) ![1229 N 35TH Street - Photo 14](http://lh.rdcpix.com/2aefeb2ff025e2c0ea694f47887f350el-f1560261301r.jpg) ![1229 N 35TH Street - Photo 15](http://lh.rdcpix.com/2aefeb2ff025e2c0ea694f47887f350el-f3628903080r.jpg) ![1229 N 35TH Street - Photo 16](http://lh.rdcpix.com/2aefeb2ff025e2c0ea694f47887f350el-f610518151r.jpg) --- **MLS#:** 7095112 | **Updated:** 2026-10-28 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/1229-n-35th-street-phoenix-az-85008-5d400a4726bf4d49a586be14ffc5ec99) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1229-n-35th-street-phoenix-az-85008-5d400a4726bf4d49a586be14ffc5ec99#listing", "url": "https://www.propertysimple.ai/listing/1229-n-35th-street-phoenix-az-85008-5d400a4726bf4d49a586be14ffc5ec99", "name": "1229 N 35TH Street, Phoenix, AZ 85008", "description": "A 14-unit apartment community in one of Phoenix's most accessible central locations. Every unit is a two-bedroom one-bath residence, and 12 units have been remodeled recently. The major building systems have also been updated: all air conditioners and water heaters were replaced within the past five years. 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