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2719 W Maryland Ave
Phoenix, AZ 85017
2719 W Maryland Ave · Multifamily Property For Sale
·
8 Units
Investment Highlights
- 8-unit multifamily | Built 1958 | Extensively renovated 2025–2026
- Fully renovated unit interiors — turnkey asset, minimal near-term capex
- Immediate access to I-17 | Minutes to Downtown Phoenix
- Over $400,000 in capital improvements — new roof, electrical, sewer & plumbing
- Current gross rent $10,594/month | 8.18% cap rate | 100% occupied
- Near Grand Canyon University, light rail & transit, and major employment hubs
Executive Summary
Matthews™ is pleased to present 2719 W Maryland Ave, an extensively renovated 8-unit multifamily community located along the I-17 corridor in Central Phoenix. Originally constructed in 1958, the property recently underwent a comprehensive renovation program totaling more than $400,000 in capital improvements. Upgrades include replacement of all plumbing and the main sewer line, new electrical systems, a new roof, repaved asphalt, and fully renovated unit interiors, providing investors with a truly turnkey asset requiring minimal ongoing maintenance or near-term capital expenditures. The property features an attractive mix of studio, one-bedroom, and two-bedroom floorplans currently generating nearly $10,600 in gross monthly rental income, offering stable day-one cash flow with strong long-term upside.
2719 W Maryland Ave represents a rare opportunity to acquire a stabilized, cash-flowing apartment community with extensive recent renovations, strong in-place operations, and excellent access to key transportation corridors and neighborhood amenities within one of Phoenix’s most active rental submarkets.
Broker Of Record
David Harrington
Matthews Real Estate Investment Services, Inc
BR715518000, CO701910000 (AZ)
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251 (866) 889-0550
2719 W Maryland Ave represents a rare opportunity to acquire a stabilized, cash-flowing apartment community with extensive recent renovations, strong in-place operations, and excellent access to key transportation corridors and neighborhood amenities within one of Phoenix’s most active rental submarkets.
Broker Of Record
David Harrington
Matthews Real Estate Investment Services, Inc
BR715518000, CO701910000 (AZ)
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251 (866) 889-0550
Property Facts
| Price Per Unit | $165,625 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 8.18% | Building Size | 4,465 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1958/2026 |
| Property Subtype | Apartment | ||
| Zoning | C-2 | ||
| Price Per Unit | $165,625 |
| Sale Type | Investment |
| Cap Rate | 8.18% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,465 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2026 |
| Zoning | C-2 |
Property Taxes
| Parcel Number | 152-14-014A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $19,616 |
Property Taxes
Parcel Number
152-14-014A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$19,616
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