About This Home

This 11-bedroom, 9-bathroom residential multi family at 5035 N 23RD Avenue in Phoenix, AZ is listed for $1,699,000. Built in 1958, on a N/A lot.

Key Features

  • Built in 1958

Property Details

3 full
1958

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$9,087/mo

20% down · 6.5% · 30 years

Principal$1,229
Interest$7,362
Insurance$496

Estimates only. Actual payments may vary.

Location

5035 N 23RD Avenue

Phoenix, AZ 85015

CAMELBACK GARDENS

Features & Amenities

Exterior Features

Sidewalk(s)

Property Details

Flooring

ConcreteTile - CeramicWoodVinylLaminate

Construction

Wood Frame Painted Stucco Block

Parking

AssignedOff Street

Heating

Electric (Heating)Heat Pump (Heating)Natural Gas

Cooling

Heat PumpElectric

Appliances

Free-Standing RangeDishwasherRefrigeratorMicrowave

Questions & Answers

This 11-bedroom, 9-bathroom residential multi family at 5035 N 23RD Avenue is listed at $1,699,000. The estimated monthly payment is $9,087 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1958. Exterior Features: Sidewalk(s).

This property is listed by James C Stephens.

JS

James C Stephens

Agent at Real Living SJ Fowler Real Estate

Listed by Real Living SJ Fowler Real Estate · Broker phone: (480) 649-3536 · View on Broker Site · Broker website

MLS# 6993194· Source: Arizona Regional Multiple Listing Service, Inc.· 243 days on PropertySimple

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.

5035 N 23RD Avenue, Phoenix, AZ 85015

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