8910-8912 N 3rd Street, Phoenix, AZ 85020

$1,299,000
Property Type: Multiple Dwellings Bedrooms: 12 Baths: 10 Status: Active
Current Price: $1,299,000 List Date: 11/26/2025 Last Modified: 10/15/2026

Overview

Description

100% OCCUPIED + FULLY UPDATED ELECTRICAL & WIRING. Fully renovated 10-unit multifamily asset in the highly desirable Uptown Phoenix submarket. The property features a compelling unit mix across two contiguous parcels and benefits from approximately $355,000 of capital improvements completed over the last 1.5 years. With strong leasing momentum, stabilized operations, and market rent upside, this property is well-positioned for both yield-focused and appreciation-driven investors.

Listing Details MLS# 6951020

Location, Tax & Legal

House Number
8910-8912
Compass
N
Street Name
3rd
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85020
Zip4
2837
Country
US
County Code
Maricopa
Subdivision
SUNNYSLOPE
Assessor Number
160-50-087
Tax Year
2024

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
100 x 125
Year Built
1945
Uncvrd Parking Spcs
10
Total # of Units
10
# of Buildings
Yes
Zoning
R-5
Flood Zone
No
Elementary School District
Washington Elementary School District
High School District
Glendale Union High School District
Elementary School
Desert View Elementary School
Jr. High School
Royal Palm Middle School
High School
Sunnyslope High School

Remarks Misc

Cross Street
Dunlap & 3rd Street
Directions
East from Central on Dunlap. South on 3rd St

Legal Info

Township
3N
Range
3E
Section
32
Lot Number
20

Efficiency Units

# Efficiency Units
2
Avg Rent
938
Avg SqFt
325
# Baths
Yes

More Information

1 Bedroom Units

# 1 Bedroom Units
6
Avg Rent
1116
Avg SqFt
550
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1210
Avg SqFt
750
# Baths
Yes

Structure

Bedrooms Total
12
Bathrooms Total
10

Income Expenses

Gross Annual Sch Inc
132000
Net Operating Income
112987

Showing Notification Methods

Showing Service
Aligned Showings

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted; Brick Veneer Roofing: Composition Floors: Concrete; Vinyl Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Fenced; Sidewalk(s); Patio/Balcony; Separate Storage Appliances Included: See Remarks Heating: Natural Gas Cooling: Ceiling Fan(s); Window/Wall Unit; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: SW Gas Parking Features: >1 Space Per Unit; Paved Road Surface Type: Asphalt Owner Pays: See Remarks Tenant Pays: Other (See Remarks) Source of Fincl Data: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Cash; Conventional; No Carry; 1031 Exchange Environmental: None
IDX
Listing Office: The Broker Reserve LLC
Office Phone: 480-313-3234
Office Email: hudson@azreinvestments.com
Last Updated: October - 15 - 2026
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