Row 31 Apartments 1435 East Taylor St 31 Unit Apartment Building $7,650,000 ($246,774/Unit) 5.51% Cap Rate Phoenix, AZ 85006

Matthews™ is pleased to present Row 31, a newly constructed, boutique style 31-unit multifamily community located at 1435 E Taylor St. in the desirable Garfield District just minutes from Downtown Phoenix. The asset offers investors a rare opportunity to acquire a fully modern, institutional quality infill property in one of Phoenix’s most urban and transit-connected neighborhoods, adjacent to major employment centers, universities, and the Roosevelt Row Arts District. The property is currently in lease-up and is projected to be fully stabilized within the coming months.
Row 31 consists of a well-balanced unit mix of (2) studios, (18) one-bedroom, and (11) two-bedroom, two-bathroom residences designed to appeal to downtown professionals, students, and lifestyle renters seeking walkable urban living units feature premium interior finishes and the core amenities expected in new downtown product, including In-suite washer/dryer, stainless steel appliances, LVP flooring, quartz countertops, custom cabinetry, and smart home features. Community amenities include outdoor grilling areas, 24-hour maintenance access, and online resident services, supporting a low-operating cost management model.
The property sits in a strong urban core location with excellent walkability and transit access. Key nearby demand drivers include the Roosevelt Row Arts District, the Downtown Phoenix employment base, Arizona State University’s Downtown Campus, and Phoenix Sky Harbor International Airport. The Garfield submarket has experienced sustained rent growth driven by limited new supply, strong renter demand from young professionals, and ongoing revitalization of the Midtown and Downtown corridors.
Row 31 is positioned as a boutique Class A/B+ urban infill asset that benefits from strong location fundamentals, modern construction quality, and durable long-term demand drivers in one of Phoenix’s most dynamic and rapidly evolving submarkets, offering investors a rare opportunity to acquire a newly delivered, institutional-quality asset in one of the city’s most desirable urban cores.
David Harrington
License # BR715518000, CO701910000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550