SoldJul 19, 2021

Listed by Gabriela Avila and Janet Avila

Source: Arizona Regional Multiple Listing Service #6237214

5225 N 23rd Ave, Phoenix, AZ, 85015

$430,000

4

MultiFam

•

22 days on the market

Sold: Jul 19, 2021

What's around 5225 N 23rd Ave

About this property

Triplex in the Heart of Central Phoenix, all individual bungalows perfect for the high rental demand area. Each bungalow is private to feel like individual homes rather than apartments and the complex has an empty lot in the backyard that offers options. Solid neighborhood near GCU and has been recognized as rapid appreciation. 2 of the 3 units are leased, the vacant one was recently remodeled in 2021, now move in ready and can be rented traditionally or student housing. Owner has professionally-managed. Tenants pay utilities, units have separate HVAC split systems with tenants paying own electric. Property is on one water meter but tenants are back billed. Each unit has private parking and private patios. All units share the same floor plan, contact to view the vacant unit. Showings in escrow, please do not bother the tenants. Pro forma rents $850+/unit. Buyer to complete/rely on own due diligence.

Looking for more information on 5225 N 23rd Ave?

Explore comparables, sales history and growth for this property.
Learn more

Contact

Similar properties sold nearby

SoldMay 26, 2026
$375,000
4115 N 18th Dr
Phoenix AZ 85015
2
Multi-Family
Listing courtesy of Success Property Brokers and My Home Group Real Estate
SoldMay 1, 2026
$590,000
2107 West Glenrosa Avenue
Phoenix AZ 85015
4
Multi-Family
Listing courtesy of Realty of America LLC and Realty ONE Group
SoldMar 31, 2026
$1,100,000
1841 West Fairmount Avenue
Phoenix AZ 85015
12
Multi-Family
Listing courtesy of Delex Realty and Gentry Real Estate

Browse properties sold in nearby areas

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

© 2026 RateMyAgent