Hilton Apartments 805-825 N 2nd Ave 24 Unit Apartment Building $4,930,000 ($205,417/Unit) 5.51% Cap Rate Phoenix, AZ 85003

Positioned in Phoenix’s dynamic Roosevelt Row Arts District, Hilton Apartments at 825 N 2nd Ave presents a rare opportunity to acquire a stabilized, income-producing multifamily asset in one of the city’s most desirable urban neighborhoods. This 24-unit property combines prime location appeal with strong financial performance, delivering an impressive Year 1 NOI of $271,450 and an effective gross income exceeding $343,000. The unit mix includes 20 efficient studio layouts and 4 spacious one-bedroom apartments, each individually metered for electricity, ensuring operational simplicity and tenant accountability.
Residents enjoy a community laundry facility and immediate access to a vibrant lifestyle corridor featuring boutique restaurants, eclectic bars, and unique retail destinations—all within walking distance. The property’s proximity to cultural landmarks, public transit, and major employment hubs enhances its long-term rental demand and positions it as a cornerstone investment in Phoenix’s urban core.
With Roosevelt Row’s continued growth and revitalization, Hilton Apartments offers investors a compelling blend of stable cash flow and future appreciation potential. This is an exceptional chance to secure a well-located multifamily property in a market defined by strong demographics, rising rental rates, and enduring tenant demand..
Located in the bustling Roosevelt Row area, this is a prime opportunity for investors seeking stable income and a property with excellent long-term potential.
Please note: Drive-by only. Do not disturb tenants.