Real Estate Agent Kristi Newman

Kristi Newman REALTOR®

(480) 897-9000
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5035 N 23rd Avenue, Phoenix, AZ 85015

$1,699,000
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  • 5035 N 23rd Avenue, Phoenix, AZ 85015 Main Photo

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Active
BEDS0 BATHS MLS#6993194
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCAMELBACK GARDENS SCHOOLPhoenix Union High School District
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Property 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.

5035 N 23rd Avenue | MLS# 6993194

This multi-family property located at 5035 N 23rd Avenue, Phoenix, AZ 85015 is currently listed for sale with an asking price of $1,699,000. N 23rd Avenue is located within the Phoenix Union High School District school district. Search Phoenix real estate on knewman.arizonabest.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Heat Pump, Other, Electric, See Remarks
Heating: Electric, Natural Gas, Heat Pump, Other
Roof Type: Composition, Rolled/Hot Mop
Taxes: $6,272
Year Built: 1958

Feature Descriptions

Community Features: No Pool, Other, See Remarks
Days on Site: 136
Exterior: Sidewalk(s)
Exterior: Block, Wood Frame, Painted, Stucco
Flooring: Ceramic Tile, Other
Parking: Open, Paved, >1 Space Per Unit, Assigned, Off Street
Sewer: Sewer-In & Connected, See Remarks
Water: City Franchise, See Remarks

Local Schools

High School: Central High School
School District: Phoenix Union High School District

Listed By / Shown By

Listed By

Agency Name: Better Homes & Gardens Real Estate SJ Fowler
Agency Phone: 480-649-3536

Shown By

Agent Name: Kristi Newman
Agent Phone: (480) 897-9000
Agency Title: Arizona Best Real Estate

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Estimated Payment

$ 4,799.45 per month $3,781.24 Principal & Interest $522.67 Property Tax $495.54 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/18/2026. The listing information on this page last changed on 07/18/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 07/18/2026 6:38:45 AM EST) or ARMLS (last updated Fri 07/17/2026 11:07:57 PM EST). Real estate listings held by brokerage firms other than Arizona Best Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.


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