525-526 N 32nd Street #1-13, Phoenix, AZ 85008
Local realty services provided by:Better Homes and Gardens Real Estate S.J. Fowler
525-526 N 32nd Street #1-13,Phoenix, AZ 85008
$1,450,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:sophia j willets
Office:grace cre
MLS#:6881870
Source:ARMLS
Price summary
- Price:$1,450,000
About this home
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
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Home facts
- Year built:1978
- Listing ID #:6881870
- Updated:August 19, 2025 at 03:02 PM
Heating and cooling
- Cooling:Wall/Window Unit
- Heating:Central, Individual Heating, Window Wall Heating Unit(s)
Structure and exterior
- Year built:1978
Schools
- High school:Alhambra High School
- Middle school:Balsz Online Academy (B.O.A.)
- Elementary school:Brunson-Lee Elementary School
Utilities
- Water:City Franchise
Finances and disclosures
- Price:$1,450,000
- Tax amount:$2,763 (20)
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