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For sale
  • Price cut: $45K (7/17)
    $1,450,000

    525-526 N 32nd St #1-13, Phoenix, AZ 85008

    8beds
    3baths
    6,712sqft
    : 
    Multi Family
    Built in 1978
    -- sqft lot
    $-- Zestimate®
    $216/sqft
    $-- HOA

    What's special

    Thirteen on 32nd Street Apartments, a prime 13-unit multifamily investment opportunity located in the heart of Phoenix, Arizona. This high-demand asset is positioned directly across from the Celebrity Theatre and just minutes from Phoenix Sky Harbor International Airport, with immediate access to the 202, SR-51, and I-10 freeways. Residents benefit from quick commutes to Downtown Phoenix and major employment hubs throughout the airport corridor. 525 & 526 N 32nd Street, Phoenix, AZ APNs: 121-17-026-A & 121-17-028-A This offering includes two contiguous parcels totaling approximately 10,498 square feet of rentable space across 13 units. The diversified unit mix offers strong leasing flexibility and long-term cash flow potential: Five legal studio units (Unit 7: ~400 SF; Units 6, 8, 9, 10: ~250 SF) One additional studio (Unit 12A: ~250 SF, seller-added) Current Rents: $750-$850 | Market Rent: ~$950 Six one-bedroom units (Units 1-5: ~600 SF; Unit 11: ~375 SF) Current Rent: ~$850 | Market Rent: ~$950 One detached single-family residence featuring a 2-bedroom, 1-bath home with an attached 1-bedroom apartment Rents are currently below market, offering investors a clear path to value-add upside through rental increases, improved management, and light renovations. Additional income is generated from tenant storage units (average $25/month), and the property also features an on-site laundry facility. Tenants enjoy private patios or balconies, and the property is within close proximity to Valleywise Health Medical Center, the VA Hospital, and other major employers in this thriving urban submarket. This is a rare opportunity to acquire a well-located, income-producing asset in a high-growth area with strong fundamentals and long-term appreciation potential. All facts and figures approximate buyer verify information
    58 days
    on Zillow
    |
    224
    |
    15
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 17, 2025 at 01:01pm

    Listed by:

    Sophia J Willets 561-269-9525,

    Grace CRE,

    Garrett Pedicini 602-791-9497,

    Grace CRE

    Source: ARMLS,MLS#: 6881870MLS Logo

    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 525-526 N 32nd St #1-13.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 3
    Heating
    • Other, Individual, Central, Window/Wall Unit(s)
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Included: See Remarks, Free-Standing Electric Oven
    Features
    • Flooring: Carpet, Ceramic Tile, Vinyl
    Interior area
    • Total structure area: 6,712
    • Total interior livable area: 6,712 sqft

    Property

    Parking
    • Total spaces: 14
    • Parking features: Paved, Free
    • Uncovered spaces: 14
    Details
    • Parcel number: 12117028
    • Zoning: R-3

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Painted, Stucco, Block
    • Roof: Composition,Built-Up
    Condition
    • Year built: 1978

    Utilities & green energy

    • Electric: APS
    • Sewer: Other, Public Sewer
    • Water: See Remarks, City Franchise

    Community & HOA

    Community
    • Features: Other, See Remarks, No Pool
    • Subdivision: SHELTON ADD LOT 20 W2 S 75' BLK 1 EX W 7'
    Location
    • Region: Phoenix

    Financial & listing details

    • Price per square foot: $216/sqft
    • Annual tax amount: $2,763
    • Date on market: 6/13/2025
    • Listing terms: Owner May Carry,Conventional,VA Loan
    • Ownership: Fee Simple
    • Electric utility on property: Yes
    • Road surface type: Asphalt
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