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$1,780,000

  • For Sale
  • Active
  • Multi-Family
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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. 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. DND residents

Full Property Details for 5035 N 23rd Ave

General

  • Price: $1,780,000
  • Taxes: $6,272 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 6993194
  • Updated: 3/5/2026
  • Added to Site: 30 day(s) ago

Interior

  • Appliances: Free-Standing Range, Other, Dishwasher, Refrigerator, See Remarks, Microwave
  • Flooring: Laminate, Other, Ceramic Tile, Vinyl, Wood, Concrete

Exterior

  • Exterior Features: Sidewalk(s)

Parking

  • Parking Features: Off Street, Paved, Free, Assigned, >1 Space Per Unit

Location

  • County: Maricopa
  • Township: 2N
  • Subdivision: CAMELBACK GARDENS
  • Cross Streets: CAMELBACK RD & 23RD AVE

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Other, See Remarks, Electric, Heat Pump
  • Heating Type: Other, Heat Pump, Electric, Natural Gas

Utilities

  • Water: See Remarks, City Franchise

Structural Information

  • # Buildings: 7
  • Exterior Const.: Wood Frame, Painted, Stucco, Block
  • Roof: Composition, Rolled/Hot Mop
  • Year Built: 1958

Unit Information

  • Vacancy %: .03

Lot Features

  • Lot Dimensions: .556 acres
  • Frontage: Asphalt
  • Zoning: R3

Financial Considerations

  • Tax Amount: $6,272
  • Tax Year: 2025
  • Terms: Owner May Carry, Other (See Remarks), Conventional
  • Owner Pays: See Remarks, Trash Collection, Water, Sewer, Landscaping

Disclosures and Reports

  • Legal Description: CAMELBACK GARDENS MCR 29/37 LOT 4 BLK 3 & W2 OF ABAND ALLEY LY E OF & ADJ TO E LN SD LOT AS ABAND P
  • Property ID: 153-25-053
  • Range: 2E
  • Section: 13
  • Lot Number: 4

Listed by Better Homes & Gardens Real Estate SJ Fowler

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Listing agent

— 5035 N 23rd Ave —

  • Better Homes & Gardens Real Estate SJ Fowler

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 5035 N 23rd Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/04/2026
Listed
$1,780,000
122.5%
MLS
12/14/2022
Sold
$800,000
—
Public Record
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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 5035 N 23rd Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,272
10%
$69,600
—
2024
$5,698
5%
$69,370
37%
2022
$5,432
—
$50,727
26%
2022
$5,432
—
$40,300
14%
2022
$5,432
-1%
$35,330
-17%
2021
$5,499
4%
$42,520
29%
2020
$5,282
1%
$33,020
12%
2019
$5,217
4%
$29,600
-1%
2018
$4,998
1%
$29,860
4%
2017
$4,937
4%
$28,780
8%
2016
$4,725
1%
$26,600
—
2015
$4,680
3%
$26,480
-3%
2014
$4,559
-7%
$27,296
—
2013
$4,882
—
$27,296
—
View All
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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NMLS#: 1598647

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Listed by Better Homes & Gardens Real Estate SJ Fowler

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5035 N 23rd Avenue, Phoenix, AZ 85015 (MLS# 6993194) is a Multi-Family property with 9 units containing 0 bedrooms and 0 full bathrooms. 5035 N 23rd Avenue is currently listed for $1,780,000 and was received on March 04, 2026. Want to learn more about 5035 N 23rd Avenue? Do you have questions about finding other Multi-Family real estate for sale in Phoenix? You can browse all Phoenix real estate or contact a Coldwell Banker agent to request more information.

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