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Pacifica Apartments 1713 N 31st Pl 7 Unit Apartment Building $1,095,000 ($156,429/Unit) 5.94% Cap Rate Phoenix, AZ 85008
Investment Highlights
- Nearby Employment & Connectivity
- Phoenix Sky Harbor International Airport (±4.8 mi)
- Immediate access to SR-51 and Loop 202 (±1.0 mi)
- Downtown Phoenix (±4.5 mi)
- Biltmore Area (±4.0 mi)
- Nearby Dining, Retail & Lifestyle
Executive Summary
Matthews™ is pleased to announce the exclusive offering of Pacifica Apartments, a well-located 7-unit multifamily property situated in a central Phoenix infill location with strong rental fundamentals. Built in 1958, the property totals approximately 3,911 square feet of net rentable area, offering an average unit size of ±559 square feet—well suited for the surrounding renter profile. The unit mix consists of (5) one-bedroom / one-bath units and (2) two-bedroom / one-bath units, providing a balanced blend of
affordability and livability. The asset presents an attractive opportunity for investors seeking small-balance multifamily exposure with stable in-place income and long-term upside potential in a supply-constrained submarket. The property’s central infill location, combined with its small unit count, supports consistent demand from renters seeking affordability, convenience, and access to Phoenix’s core employment and lifestyle nodes.
Broker of Record
David Harrington
License # CO701910000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
affordability and livability. The asset presents an attractive opportunity for investors seeking small-balance multifamily exposure with stable in-place income and long-term upside potential in a supply-constrained submarket. The property’s central infill location, combined with its small unit count, supports consistent demand from renters seeking affordability, convenience, and access to Phoenix’s core employment and lifestyle nodes.
Broker of Record
David Harrington
License # CO701910000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
Property Facts
| Price | $1,095,000 | Apartment Style | Garden |
| Price Per Unit | $156,429 | Building Class | B |
| Sale Type | Investment | Building Size | 3,911 SF |
| Cap Rate | 5.94% | Average Occupancy | 86% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1958/2020 |
| Property Subtype | Apartment | Parking Ratio | 1.79/1,000 SF |
| Zoning | R-3 - R-3 | ||
| Price | $1,095,000 |
| Price Per Unit | $156,429 |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Building Size | 3,911 SF |
| Average Occupancy | 86% |
| No. Stories | 1 |
| Year Built/Renovated | 1958/2020 |
| Parking Ratio | 1.79/1,000 SF |
| Zoning | R-3 - R-3 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Tile Floors
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Yard
- Grill
- Vinyl Flooring
- Window Coverings
1 1
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (85)
Property Taxes
| Parcel Number | 120-20-090 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $20,481 |
Property Taxes
Parcel Number
120-20-090
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$20,481
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Pacifica Apartments | 1713 N 31st Pl
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