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5035 N 23rd Avenue, 
Phoenix, AZ 85015

$1,780,000

—

Bed

—

Bath

-

Sq Ft

Multi-Family

Active

Listed by

James C Stephens

Better Homes & Gardens Real Estate Sj Fowler

480-649-3536

Last updated:

April 13, 2026, 10:48 PM

MLS#

6993194

Source:

ARMLS

About This Home

5035 N 23rd Avenue

This Uptown PHX 9-unit complex is spread out on close to a 25,000 sf lot (R-3). Nice pocket north of Camelback Rd. 1 mile east of GCU & 1/2 mile east of the I-17. Opportunity Zone. The complex is buffered by the SRP-Westwood substation to the west, a newly built fire station to the south, & owner-occupied properties on the same block. 100% Occupancy! Hard to find SELLER FINANCING available but not required (6% interest-only with 30% down). Fully upgraded & fully stabilized with close to a 7 CAP (based on the 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. These units could be re-positioned for GCU students or short-term rentals.

Home Facts

Multi-Family

Built in 1958

Price Summary

1,780,000

MLS #:

6993194

Last Updated:

April 13, 2026, 10:48 PM

Structure

Structure

Year Built:

1958

Finances & Disclosures

Finances

Price:

$1,780,000

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.