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10 Multifamily Units 719-733 E Marlette 2 Multifamily Properties Offered at $2,650,000 in Phoenix, AZ

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INVESTMENT HIGHLIGHTS

  • Currently 90% occupied with short term leases, providing opportunity to bring to markets and / or renovate near term
  • Diverse Unit Mix, providing leasing flexibility
  • Well-Located strong rental demand submarket, near highways, restaurants, and outdoor hiking parks

EXECUTIVE SUMMARY

The opportunity consists of a 10-unit multifamily property located within the North Central Phoenix submarket. The property consists of two separate tax parcels, one with 8-units and the other with 2-units. The improvements are situated on a generous combined parcel square footage of 40,374 SF, with R-4 multifamily zoning. A potential value-add scenario would be to either finish renovating the two duplexes and/or develop additional units on either of the parcels.
Unit Breakdown:
#1 Bedroom Units: 6, $1350 - $1500/mo
#2 Bedroom Units: 3, $850 - $1750/mo
#3 Bedroom Units: 1

PROPERTY FACTS

Price $2,650,000
Price / SF $306.08 / SF
Sale Type Investment
Status Under Contract
Number of Properties 2
Individually For Sale 0
Total Building Size 8,658 SF
Total Land Area 0.94 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
719 E Marlette Ave, Phoenix, AZ 85014 Multifamily 6,109 SF 1968 -
733 E Marlette Ave, Phoenix, AZ 85014 Multifamily 2,549 SF 1958 -
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  • Listing ID: 36882160

  • Date on Market: 7/23/2025

  • Last Updated:

  • Address: 10 Multifamily Units 719-733 E Marlette, Phoenix, AZ

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