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Rob & Pam Schabatka

Broker/Owner

(928) 282-4166 (o)

(928) 821-3508 (c)

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$1,699,000
203 Days On Site

5035 N 23RD Avenue
Phoenix, AZ 85015

For Sale|Multi Family|Active
11
Beds
9
Total Baths
1958
Built
Subdivision:
CAMELBACK GARDENS
County:
Maricopa

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(928) 282-4166 x 253
5035 N 23RD Avenue5035 N 23RD Avenue5035 N 23RD Avenue5035 N 23RD Avenue
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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.

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Listing Snapshot
Price 
$1,699,000
Days On Site 
203 Days
Bedrooms 
11
Inside Area (SqFt) 
N/A
Total Baths 
9
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1958
MLS® Number 
6993194
Status 
Active
Property Tax 
$6,272
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS®
5 months agoPrice changed to $1,699,000
7 months agoListing first seen on site
General Features
Cross Street 
CAMELBACK RD & 23RD AVE
Disclosures 
Other (See Remarks)Seller Prop Disc Stm
Parking 
PavedAssignedOff Street
Parking Spaces 
14
Property Sub Type 
Multi Family
Utilities 
Sewer Connected
Water Source 
See RemarksPublic
Zoning 
R3
Interior Features
Appliances 
Free-Standing RangeRefrigeratorDishwasherMicrowaveOther
Cooling 
Central AirHeat PumpOtherElectric
Flooring 
Ceramic TileOther
Heating 
ElectricNatural GasHeat PumpOther
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Exterior Features
Construction Details 
BlockStucco
Roof 
Composition
Community Features
Community Features 
Other
School District 
Phoenix Union High School District
Township 
2N
Financing Terms Available 
ConventionalOwner May CarryCash
Roads 
Asphalt
Schools
School District
Phoenix Union High School District
Elementary School
Unknown
Middle School
Unknown
High School
Central High School
Listing courtesy of Better Homes & Gardens Real Estate SJ Fowler.



All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Last checked: 2026-09-24 06:44 AM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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