MLS# 6881870 - 525-526 N 32nd Street, Phoenix, AZ 85008
Courtesy of Grace CRE
Property Type:
Multiple Dwellings
Status:
Active
Year Built:
1978
Neighborhood:
Shelton Add Lot 20 W2 S 75' Blk 1 Ex W 7'
Days On Website:
47
Property Details for 525-526 N 32nd Street, Phoenix, AZ 85008
Description
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
Open House
Features
Appliances & Equipment
- "See Remarks"
- "Free-Standing Electric Oven"
Building
- Built in 1978
- Construction materials: "Painted", "Stucco", "Block"
- 13 total units
Cooling
- "Window/Wall Unit"
Expenses
- Electric: $3,276
- Fuel: $600
- Insurance: $9,463
- Maintenance: $6,686
- Water sewer: $3,483
Floors
- "Carpet"
- "Ceramic Tile"
- "Vinyl"
Heating
- "Individual"
- "Central"
- "Window/Wall Unit(s)"
Listing
- Listing ID: 6881870
- Standard status: Active
- 52 days on market
Location
- Subdivision name: SHELTON ADD LOT 20 W2 S 75' BLK 1 EX W 7'
Parking
- "Paved"
- "Free"
- 14 total parkings
Property
- Zoning: R-3
Roof
- "Composition"
- "Built-Up"
Schools
- Elementary school: Brunson-Lee Elementary School
- High school: Alhambra High School
- High school district: Phoenix Union High School District
Sewer
- "Public Sewer"
Taxes
- Annual amount: $2,763
- Lot: 19 &20
Utilities
- "APS"
Property Map
Map View
$1,450,000 - 525-526 N 32nd Street, Phoenix, AZ 85008
Street View
Directions
525-526 N 32nd Street
Phoenix, AZ 85008
Subdivision name: SHELTON ADD LOT 20 W2 S 75' BLK 1 EX W 7'
Nearby Schools
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This content last updated on August 4, 2025 5:04PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.