Multifamily Market
Recent Sales Of Small Multifamily Properties In Phoenix
Sales of multifamily properties in Greater Phoenix have been brisk. 74 properties sold in November 2011 which is oddly exactly the same number of sales as in 2010.
There are 265 active properties for sale on December 2nd 2011. Important to note is that many of these have been on the market a long time. 140 of them have been on the market 90 days or more, which means that these don’t match up with the demands of buyers either by condition, price, or location and are really not part of the market.
Multifamily sales in November 2011 (only ARMLS)
| Sold Price | Street Number | Compass | Street Name | City/Town Code |
| 90000.00 | 2424 | E | AMELIA | Phoenix |
| 102300.00 | 2223 | W | Dora | Mesa |
| 90000.00 | 1715 | W | colter | Phoenix |
| 90000.00 | 532 | S | MESA | Mesa |
| 49000.00 | 430 | Camino Hombre De Oro | Rio Rico | |
| 117900.00 | 3441 | N | 37TH | Phoenix |
| 85000.00 | 1640 | W | MULBERRY | Phoenix |
| 125000.00 | 8339 | W | SANTA CRUZ | Arizona City |
| 142500.00 | 685 | W | RAY | Chandler |
| 200000.00 | 6155 | E | GREENWAY | Mesa |
| 119000.00 | 5964 | S | ALHAMBRA | Gold Canyon |
| 52000.00 | 1457 | E | POLK | Phoenix |
| 138000.00 | 5965 | E | NORLAND | Mesa |
| 43500.00 | 1224 | N | 49TH | Phoenix |
| 68000.00 | 138 | E | INGRAM | Mesa |
| 145000.00 | 2506 | N | DAYTON | Phoenix |
| 39000.00 | 10042 | N | 8TH | Phoenix |
| 135000.00 | 6214 | N | 14TH | Phoenix |
| 418000.00 | 2205 | S | MILL | Tempe |
| 22000.00 | 414 | W | 9TH | Casa Grande |
| 37900.00 | 239 | W | ELM | Coolidge |
| 142500.00 | 699 | W | RAY | Chandler |
| 14000.00 | 9208 | W | ADAMS | Tolleson |
| 45500.00 | 1950 | E | HARVARD | Phoenix |
| 438000.00 | 2610 | E | Monte Vista | Phoenix |
| 74700.00 | 5113 | N | 28TH | Phoenix |
| 29000.00 | 721 | W | CHERYL | Phoenix |
| 54000.00 | 2441 | E | WOOD | Phoenix |
| 23000.00 | 3752 | E | POLK | Phoenix |
| 35000.00 | 10331 | W | CENTURY | Arizona City |
| 110000.00 | 5936 | W | ALICE | Glendale |
| 36850.00 | 3317 | W | JEFFERSON | Phoenix |
| 97000.00 | 1131 | W | DRUMMER | Mesa |
| 37000.00 | 2635 | W | MORTEN | Phoenix |
| 85000.00 | 2528 | W | BELMONT | Phoenix |
| 155000.00 | 406 | N | HILL | Mesa |
| 28200.00 | 9019 | N | 10TH | Phoenix |
| 81000.00 | 4711 | E | CAMINO | Mesa |
| 50000.00 | 2619 | E | PORTLAND | Phoenix |
| 50000.00 | 2617 | E | PORTLAND | Phoenix |
| 110000.00 | 3345 | W | HARMONT | Phoenix |
| 160000.00 | 1002 | N | COLORADO | Casa Grande |
| 99900.00 | 1753 | E | HARVARD | Phoenix |
| 82100.00 | 4426 | E | CONTESSA | Mesa |
| 108000.00 | 4614 | E | CABALLERO | Mesa |
| 150000.00 | 6702 | E | MONTEREY | Scottsdale |
| 175000.00 | 6702 | E | AVALON | Scottsdale |
| 110000.00 | 4310 | N | 23RD | Phoenix |
| 115000.00 | 1520 | W | mulberry | Phoenix |
| 357500.00 | 4145 | N | LONGVIEW | Phoenix |
| 178000.00 | 16033 | N | 25TH | Phoenix |
| 150000.00 | 1328 | W | COCHISE | Phoenix |
| 127000.00 | 260 | W | 8TH | Mesa |
| 182950.00 | 6634 | E | Avalon | Scottsdale |
| 70000.00 | 10208 | N | 9TH | Phoenix |
| 70500.00 | 492 | W | 18TH | Apache Junction |
| 25000.00 | 1942 | E | SHERIDAN | Phoenix |
| 47000.00 | 735 | W | 1ST | Mesa |
| 70000.00 | 16802 | N | 26TH | Phoenix |
| 32000.00 | 301 | E | PURDUE | Phoenix |
| 45000.00 | 9802 | N | 18TH | Phoenix |
| 207000.00 | 1649 | E | OAK | Phoenix |
| 150000.00 | 425 | N | HILL | Mesa |
| 90000.00 | 847 | W | RAY | Chandler |
| 20300.00 | 231 | N | THUNDERBIRD | Apache Junction |
| 11700.00 | 1525 | E | SUNNYSIDE | Phoenix |
| 950000.00 | 1050 | S | STAPLEY | Mesa |
| 12000.00 | 3212 | W | MADISON | Phoenix |
| 15000.00 | 3216 | W | MADISON | Phoenix |
| 45000.00 | 2150 | W | MISSOURI | Phoenix |
| 39000.00 | 532 | N | DREW | Mesa |
| 85000.00 | 1317 | N | 48TH | Phoenix |
| 33516.00 | 2541 | E | CORONA | Phoenix |
| 36500.00 | 2841 | W | MELVIN | Phoenix |
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Phoenix Arcadia Four-plexes Just Sold
2 sold fourplexes in Arcadia Lite area in Phoenix
Two more premium fourplexes have been sold by inPhoenix Realty Group. The small to medium multifamily market in Phoenix is increasingly lacking in inventory and obtaining good properties is very difficult.
It takes a lot of persistence to get a property under contract as there are many investors pursuing investments.
These two properties sold for $195,000 and $210,000 which is consistent with the market for these types of properties in the premium segment, of which, few hit the market.
They tend to have a high demand location, which Arcadia is, a low vacancy factor and stability.
We’re glad our clients were able to obtain such nice properties to add to their portfolio.
Incoming search terms:
- arcadia phoenix multifamily
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Recent Small Multifamily Sales In Greater Phoenix
There is not doubt about the active small multifamily market in Greater Phoenix. Investors are out there looking for a limited amount of properties.
Inventory of 2-4 unit apartments is about half that of last year and investor activity is up.
As of this post there are 142 active 2-4 unit apartment for sale in Maricopa County ranging from a triplex for $24,600 to an overpriced fourplex at $375,000 which has been on the market forever.
In the last 30 days.
51 properties sold.
Top 5 Multifamily Sales
- 4352 N. 36th St. 4 units at $215,000
- 2109 W. Colter Ave. 4 Units at $189,000
- 4356 N. 36th St. 4 Units at $184,000
- 401 W. 5th St in Tempe. 4 Units at $177,000
- 1146 E. 2nd in Mesa. 4 Units at $165,000
30 properties are AWC – mostly short sales.
62 properties are Pending – indicating that the next 30-45 days will have high sold numbers.
Incoming search terms:
- 4 unit apt for sale in phoenix
- 4 unit apartments for sale
- 4 unit apartments for sale in az
- arizona apartment unit for sale
