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Average List Price
$653,241
Average Price per Sqft
$315
Number of Active Listings
7,303
New Listings (last 30 days)
1,638
Average Days on the Market
1695
Average Year Build
1985
Recent Transactions
Homes Sold (last 30 days)
1214
Average Sale Price (last 30 days)
$580,672
Rental Market
Average Rent per month
$2,809
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
$450,000
$214,900
$214,900
$1,299,000
$1
$550,000
$220,000
$949,000
$860,000
$1,395,000
$500,000
$2,475,000
$319,900
$319,900
$2,400,000
$850,000
$2,999,000
$2,999,000
$595,000
$379,000
$2,250,000
$600,000
$499,999
$375,000
Days on the Market
Ascending
24
Multiple Dwellings
$683,990
MLS# 6987709
ACTIVE
Listing Office: eXp Realty
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