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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)
1,666
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
$540,000
$1,100,000
$499,500
$569,000
$240,000
$205,000
$225,000
$599,000
$2,095
$1,995
$309,000
$749,500
$317,000
3D Tour
3D Tour
3D Tour
$379,900
$399,900
$1,212,500
Residential
$1,212,500
MLS# 6993906
ACTIVE
$1,995
$185,000
$390,000
$495,000
$280,000
Days on the Market
Ascending
24
Residential
$1,693,000
MLS# 6971709
ACTIVE
Listing Office: My Home Group Real Estate
Residential
$499,000
MLS# 6982108
Closed
Listing Office: RE/MAX Fine Properties
Residential
$297,000
MLS# 6980951
ACTIVE
Listing Office: Good Oak Real Estate
Residential
$172,000
MLS# 6981036
PENDING
Listing Office: Realty ONE Group
Residential Lease
$1,600
MLS# 6979126
Closed
Listing Office: American Realty Brokers
Residential
$330,000
MLS# 6978867
CONTRACT
Listing Office: eXp Realty
Residential
$340,000
MLS# 6980931
ACTIVE
Listing Office: Compass
Residential
$230,000
MLS# 6980641
ACTIVE
Listing Office: Delex Realty
Residential
$711,500
MLS# 6980795
Closed
Listing Office: Keller Williams Arizona Realty
Residential
$385,000
MLS# 6976742
ACTIVE
Listing Office: Keller Williams Realty Sonoran Living
Residential
$1,150,000
MLS# 6969856
ACTIVE
Listing Office: DeLex Realty
Residential
$420,000
MLS# 6978022
ACTIVE
Listing Office: Russ Lyon Sotheby's International Realty
Residential
$299,999
MLS# 6977255
ACTIVE
Listing Office: eXp Realty
Residential
$359,000
MLS# 6979547
ACTIVE
Listing Office: HomeSmart
Residential
$270,000
MLS# 6979003
ACTIVE
Listing Office: Redfin Corporation
Residential
$369,000
MLS# 6972345
Closed
Listing Office: HomeSmart
Residential
$395,000
MLS# 6979436
ACTIVE
Listing Office: HomeSmart
Residential
$312,900
MLS# 6971616
ACTIVE
Listing Office: West USA Realty
Residential
$389,000
MLS# 6978783
PENDING
Listing Office: Gold Trust Realty
Residential
$470,000
MLS# 6978916
ACTIVE
Listing Office: Compass
Residential
$324,999
MLS# 6976218
Closed
Listing Office: HomeSmart
Residential
$399,950
MLS# 6978824
PENDING
Listing Office: RE/MAX Excalibur
Residential
$445,000
MLS# 6979297
PENDING
Listing Office: Real Broker
Residential
$299,999
MLS# 6978804
CONTRACT
Listing Office: HomeSmart Realty
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