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$3,400,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 day ago
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Melrose on 5th is a 12-unit multifamily community located in the highly sought after Melrose District. Originally built in 1961, the asset went through extensive repositioning in 2016 and features a rare mix of (12) 3-bedroom, 2-bathroom floor plans measuring approximately 1,200 square feet each. Unit interiors are all upgraded and feature washer/dryers, fully equipped kitchens with dishwashers and built-in microwaves, stainless steel appliances, faux vinyl wood flooring, and modernized bathrooms. Exterior amenities include gated access entry ways, charcoal barbeque grills, resort-style swimming pool, covered parking, and low maintenance desert landscaping. Great opportunity opportunity to acquire a well-maintained, renovated asset within one of Phoenix's strongest urban infill corridors.

Full Property Details for 3611 N 5th Ave

General

  • Price: $3,400,000
  • HOA FEE: $1,809
  • Taxes: $8,433 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 7030825
  • Updated: 5/20/2026
  • Added to Site: 1 day(s) ago

Interior

  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Flooring: Vinyl

Parking

  • Parking Features: <1 Space Per Unit

Location

  • County: Maricopa
  • Township: 2N
  • Subdivision: PARK NORTH

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Electric, Individual
  • Heating Type: Individual, Electric

Utilities

  • Water: Master Meter

Structural Information

  • # Buildings: 1
  • Exterior Const.: Block
  • Roof: Built-Up
  • Year Built: 1961

Lot Features

  • Lot Dimensions: .4
  • Frontage: Asphalt
  • Zoning: R-4

Financial Considerations

  • Maint. Fee/Month: $1,809
  • Tax Amount: $8,433
  • Tax Year: 2025
  • Terms: Conventional, 1031 Exchange
  • Owner Pays: Pool Maintenance, Gas, Trash Collection, Water, Sewer, Landscaping

Disclosures and Reports

  • Legal Description: PARK NORTH S 98.20' OF N 766.40' OF TR E
  • Property ID: 118-29-005-D
  • Range: 3E
  • Section: 29

Listed by Matthews Real Estate Investment Services

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— 3611 N 5th Ave —

  • Matthews Real Estate Investment Services

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 3611 N 5th Ave

School Districts:Osborn Elementary District, Phoenix Union High School District
NameGradesDistance
Clarendon School
1225 West Clarendon Avenue, Phoenix, AZ 85013
4-60.4 mi
Encanto School
1426 West Osborn Road, Phoenix, AZ 85013
K-30.6 mi
Osborn Middle School
1102 West Highland Avenue, Phoenix, AZ 85013
7-81.3 mi
Central High School
4525 North Central Avenue, Phoenix, AZ 85012
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3611 N 5th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/20/2026
Listed
$3,400,000
65.85%
MLS
5/30/2016
Sold
$2,050,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3611 N 5th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,433
3%
$300,310
8%
2024
$8,149
4%
$277,600
-27%
2023
$7,872
1%
$382,510
31%
2022
$7,829
—
$292,520
18%
2022
$7,829
-2%
$247,110
13%
2021
$7,962
3%
$219,200
35%
2020
$7,760
5%
$162,250
29%
2019
$7,423
3%
$125,310
14%
2018
$7,178
9%
$109,970
11%
2017
$6,590
4%
$99,200
22%
2016
$6,357
8%
$81,560
43%
2015
$5,910
-7%
$57,110
-8%
2014
$6,349
41%
$62,180
84%
2013
$4,503
—
$33,730
—
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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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3611 N 5th Avenue, Phoenix, AZ 85013 (MLS# 7030825) is a Multi-Family property with 12 units containing 0 bedrooms and 0 full bathrooms. 3611 N 5th Avenue is currently listed for $3,400,000 and was received on May 20, 2026. Want to learn more about 3611 N 5th Avenue? Do you have questions about finding other Multi-Family real estate for sale in Maryvale? You can browse all Maryvale real estate or contact a Coldwell Banker agent to request more information.

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