For sale

$1,699,000

5035 N 23RD Avenue, Phoenix, AZ 85015

3beds

3baths

5,060sqft

$9,677/mo

Get pre-qualified

Multi Family

Built in 1958

-- sqft lot

$-- Zestimate^®

$336/sqft

$-- HOA

What's special

Seven buildings

Uptown PHX 9-unit complex spread out over close to a 25,000-sf lot with R-3 zoning. 7.2 CAP off 2025 P&L w/ 100% occupancy. Nice pocket north of Camelback Road, 1 mile east of GCU & 1/2 mile east of the I-17. Opportunity Zone. Hard to find SELLER FINANCING available but not required (6% interest-only with 30% down in 1st position only). Fully upgraded & fully stabilized. 2025 P&L of $122,000 NOI. Seven buildings. The unit mix consists of (2) two-bedroom units; (4) one-bedroom units; & (3) bigger studio units. The jumbo lot/zoning offers density & additional value potential. Over $250,000 in renovations just a few years ago.

181 days
107
6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3

Heating

Other, Heat Pump, Electric, Natural Gas

Cooling

Other, See Remarks, Electric, Heat Pump

Appliances

Included: Free-Standing Range, Other, Dishwasher, Refrigerator, See Remarks, Microwave

Features

Flooring: Laminate, Other, Ceramic Tile, Vinyl, Wood, Concrete

Interior area

Total structure area: 5,060
Total interior livable area: 5,060 sqft

Property

Parking

Total spaces: 14
Parking features: Off Street, Paved, Free, Assigned, >1 Space Per Unit
Uncovered spaces: 14

Features

Exterior features: Sidewalk(s)

Lot

Size: 0.56 Acres
Dimensions: .556 acres

Details

Parcel number: 15325053
Zoning: R3

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Frame, Painted, Stucco, Block
Roof: Composition

Condition

Year built: 1958

Utilities & green energy

Electric: SRP
Sewer: See Remarks, Public Sewer
Water: See Remarks, City Franchise
Utilities for property: Sewer Connected

Community & HOA

Community

Features: Other, See Remarks, No Pool
Subdivision: CAMELBACK GARDENS

Location

Region: Phoenix

Financial & listing details

Price per square foot: $336/sqft
Tax assessed value: $693,700
Annual tax amount: $6,272
Date on market: 3/2/2026
Cumulative days on market: 179 days
Listing terms: Owner May Carry,Other (See Remarks),Conventional
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
4/17/2026	Price change	$1,699,000-4.6%$336/sqft
Source: ARMLS #6993194 Report a problem
3/4/2026	Listed for sale	$1,780,000+122.5%$352/sqft
Source: ARMLS #6993194 Report a problem
12/22/2022	Sold	$800,000-3%$158/sqft
Source: ARMLS #6484086 Report a problem
11/8/2022	Pending sale	$825,000$163/sqft
Source: ARMLS #6484086 Report a problem
11/1/2022	Listed for sale	$825,000+26.9%$163/sqft
Source: ARMLS #6484086 Report a problem
7/28/2020	Listing removed	$650,000$128/sqft
Source: Libertas Real Estate #6064909 Report a problem
6/23/2020	Listed for sale	$650,000$128/sqft
Source: Libertas Real Estate #6064909 Report a problem
5/21/2020	Pending sale	$650,000$128/sqft
Source: Libertas Real Estate #6064909 Report a problem
4/11/2020	Listed for sale	$650,000+32.7%$128/sqft
Source: Libertas Real Estate #6064909 Report a problem
4/30/2005	Sold	$490,000+127.9%$97/sqft
Source: ARMLS #2229725 Report a problem
10/9/2001	Sold	$215,000$42/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,272 +10.1%	$69,370 +36.8%
2024	$5,698 -0.5%	$50,727 +41%
2023	$5,725 +5.4%	$35,979 +1.8%
2022	$5,432 +2.8%	$35,330 -16.9%
2021	$5,282 +1.2%	$42,520 +28.8%
2020	$5,217 +4.4%	$33,020 +11.6%
2019	$4,998	$29,600 -0.9%
2018	$4,998 +1.2%	$29,860 +3.8%
2017	$4,937 +5.5%	$28,780 +8.2%
2016	$4,680 +2.7%	$26,600 +0.5%
2015	$4,559	$26,480 -3%
2013	--	$27,296 -37.3%
2009	--	$43,557