For sale

$3,300,000

2234 W HAZELWOOD Street, Phoenix, AZ 85015

40beds

2baths

15,192sqft

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Multi Family

Built in 1985

-- sqft lot

$-- Zestimate^®

$217/sqft

$-- HOA

What's special

Hazelwood Apartments is a 24-unit garden-style community built in 1985 in Central Phoenix, featuring (8) one-bedroom and (16) two-bedroom units, all individually metered for electricity. Amenities include on-site laundry and 34 parking spaces. Twenty-five percent of the units are subject to a HUD LURA through 2030, requiring income-qualified tenants and restricted rents, while the remaining units operate at market rates. Located near the light rail corridor, GCU, and major employment centers, the property benefits from infill development and strong rental demand. Light value-add potential exists through interior upgrades, enhanced curb appeal, and modernization of common areas, supporting long-term stability and operational upside.

224 days

76

5

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 40
Bathrooms: 2

Heating

Electric

Cooling

Central Air, Electric

Appliances

Included: Refrigerator, Free-Standing Electric Oven

Features

Flooring: Tile, Laminate

Interior area

Total structure area: 15,192
Total interior livable area: 15,192 sqft

Property

Parking

Total spaces: 34
Parking features: >1 Space Per Unit
Uncovered spaces: 34

Lot

Dimensions: 124.98*196.64

Details

Parcel number: 15414131
Zoning: R-4

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Steel Frame, Wood Frame, Stucco
Roof: Composition

Condition

Year built: 1985

Utilities & green energy

Electric: Other (See Remarks)
Sewer: Public Sewer
Water: City Franchise

Community & HOA

Community

Features: Other
Subdivision: ROWLETT MANOR LOT 1

Location

Region: Phoenix

Financial & listing details

Price per square foot: $217/sqft
Annual tax amount: $7,970
Date on market: 12/8/2025
Cumulative days on market: 225 days
Listing terms: Other (See Remarks)
Ownership: Fee Simple
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
2/13/2026	Price change	$3,300,000-8.3%$217/sqft
Source: ARMLS #6955610 Report a problem
12/8/2025	Listed for sale	$3,600,000$237/sqft
Source: ARMLS #6955610 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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