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1805 N 31st St
Phoenix, AZ 85008
31St 4 · Multifamily Property For Sale
·
4 Units


Executive Summary
1805 North 31st Street presents a rare opportunity to acquire a fully repositioned 4-unit asset in a rapidly improving Phoenix submarket. The property has undergone a true down-to-the-studs renovation, including the addition of square footage and the introduction of vaulted ceilings, creating a more open and modern living environment that stands out from typical multifamily product.
The asset consists of four 2-bedroom, 1-bathroom units, each redesigned with functional layouts and upgraded with contemporary finishes, including new kitchens, bathrooms, flooring, and fixtures. Each unit also features in-unit washer and dryer along with a private backyard, delivering a level of livability rarely seen in comparable properties.
The combination of increased square footage, vaulted ceilings, and private outdoor space creates a differentiated rental product that drives stronger tenant demand, supports higher rents, and reduces turnover.
With all major capital improvements completed, the property offers a true turnkey investment with minimal near-term maintenance requirements. Located in a central Phoenix corridor with convenient access to major employment hubs and continued area growth,
The asset consists of four 2-bedroom, 1-bathroom units, each redesigned with functional layouts and upgraded with contemporary finishes, including new kitchens, bathrooms, flooring, and fixtures. Each unit also features in-unit washer and dryer along with a private backyard, delivering a level of livability rarely seen in comparable properties.
The combination of increased square footage, vaulted ceilings, and private outdoor space creates a differentiated rental product that drives stronger tenant demand, supports higher rents, and reduces turnover.
With all major capital improvements completed, the property offers a true turnkey investment with minimal near-term maintenance requirements. Located in a central Phoenix corridor with convenient access to major employment hubs and continued area growth,
Property Facts
| Price Per Unit | $288,750 | Building Size | 3,800 SF |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 4 | Year Built/Renovated | 1951/2026 |
| Property Type | Multifamily |
| Price Per Unit | $288,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 3,800 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1951/2026 |
Property Taxes
| Parcel Number | 120-20-055 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $8,958 |
Property Taxes
Parcel Number
120-20-055
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$8,958
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