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Average List Price
$651,225
Average Price per Sqft
$314
Number of Active Listings
7,635
New Listings (last 30 days)
1,806
Average Days on the Market
1365
Average Year Build
1985
Recent Transactions
Homes Sold (last 30 days)
1133
Average Sale Price (last 30 days)
$581,597
Rental Market
Average Rent per month
$2,941
Phoenix, Arizona, is a hotspot for multifamily income properties, boasting a booming economy, rapid population growth, and a strong rental market. As one of the fastest-growing cities in the United States, Phoenix attracts a diverse tenant base, including young professionals, retirees, and families seeking affordability and opportunity. The city's sunny climate and business-friendly environment have fueled development and demand for quality housing, making it an ideal market for investors. With a mix of modern apartment complexes, mid-sized developments, and high-demand suburban communities, Phoenix offers a range of multifamily investment opportunities. Its steady rental growth and low vacancy rates make it a prime destination for those seeking strong cash flow and long-term value in the multifamily sector.
Map of the area
$1,895,000
$755,000
$1,100,000
$325,000
$2,500,000
$3,590,000
$1,600,000
$775,000
$375,000
$875,000
$999,000
$24,000,000
$3,500,000
$945,000
$549,000
$1,295,000
3D Tour
$900,000
$849,000
$3,150,000
$4,750,000
$1,300,000
$2,600,000
3D Tour
Multiple Dwellings
$1,950,630
MLS# 6980315
ACTIVE
Days on the Market
Ascending
24
Multiple Dwellings
$589,999
MLS# 6816664
ACTIVE
Listing Office: RE/MAX Desert Showcase
Multiple Dwellings
$425,000
MLS# 6808145
PENDING
Listing Office: Realty ONE Group
Land
$499,999
MLS# 6808645
ACTIVE
Listing Office: Arizona 1st Land & Home RE Co
Land
$1,700,000
MLS# 6805735
CONTRACT
Listing Office: RE/MAX Fine Properties
Land
$3,200,000
MLS# 6805736
CONTRACT
Listing Office: RE/MAX Fine Properties
Land
$1,700,000
MLS# 6805738
CONTRACT
Listing Office: RE/MAX Fine Properties
Land
$2,000,000
MLS# 6706229
PENDING
Listing Office: DBSI Real Estate, LLC
Land
$1,150,000
MLS# 6797533
ACTIVE
Listing Office: Coldwell Banker Realty
Land
$9,500,000
MLS# 6071777
PENDING
Listing Office: Pryde Realty
Multiple Dwellings
$899,900
MLS# 6760869
ACTIVE
Listing Office: JM Realty
Land
$2,300,000
MLS# 6743802
CONTRACT
Listing Office: West USA Realty
Land
$275,000
MLS# 6631568
ACTIVE
Listing Office: eXp Realty
Land
$650,000
MLS# 6704722
ACTIVE
Listing Office: Equity Realty Group, LLC
Land
$1,689,715
MLS# 6698236
ACTIVE
Listing Office: The Menlo Group Commercial Real Estate
Land
$319,000
MLS# 6693269
ACTIVE
Listing Office: My Home Group Real Estate
Land
$375,000
MLS# 6671831
ACTIVE
Listing Office: LRA Real Estate Group, LLC
Land
$469,000
MLS# 6670374
ACTIVE
Listing Office: Tukee Homes Realty LLC
Land
$5,995,000
MLS# 6609350
ACTIVE
Listing Office: Lee Harding
Land
$141,500
MLS# 6523644
ACTIVE
Listing Office: HomeSmart
Land
$1,750,000
MLS# 6459652
CONTRACT
Listing Office: CC Fox Realty
multiple dwellings
$785,000
MLS# 6958185
ACTIVE
Listing Office: Millenium Three Real Estate
Multiple Dwellings
$549,000
MLS# 7005689
ACTIVE
Listing Office: HomeSmart
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