2016 W Orangewood Avenue Phoenix, AZ $ 4,550,000
2016 W Orangewood Avenue
$ 4,550,000
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2016 W Orangewood Avenue

Phoenix, AZ, 85021
$ 4,550,000
Baths0.0

Monthly Estimate*

$ 28,386

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $4,550,000. This home was built in 2018.

Centrally located East of the I-17 Freeway immediately north of Central Phoenix's largest major employment corridor is Macallister, a 24-unit apartment community, just north of the Glendale Avenue and 19th Avenue intersection, surrounded by the growing lifestyle opportunities of a gentrifying area and the natural beauty of the North Mountain Preserve. The adjacent city-endorsed North Mountain Redevelopment Area, a defined area within the Phoenix MSA currently undergoing transformative gentrification efforts, provides assistance to residents and business owners in taking advantage of funding mechanisms designed to improve the region through advancement of underutilized properties, expanded infrastructure, and the creation of additional employment opportunities with current capital investment of $179M, and lead by a revitalization of the iconic Metrocenter Mall. Ample employment opportunities are found through the nearby I-17 Employment Corridor, boasting more than 43,000 employees across ±1,200 businesses, featuring employers such as BlueCross BlueShield, Wells Fargo, Waste Management. Developed in 2018, Macallister is comprised of 12 studios (50%), 8 one-bedroom (33%), and 4 two-bedroom (17%) floorplans, offering an average of 700 square feet. All units feature attractive amenities including 9-foot ceilings, balconies/patios (select units), in-suite washer/dryers, stainless steel appliances, and granite countertops.

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Multi-Family Active

Price

$ 4,550,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 24,774

Style

Multiple Dwellings

Year Built

2018

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6911601

Features
General
Sewer Public Sewer
Heating Individual
Cooling Individual
Roof Tile
Zoning R-5
Construction Materials Wood Frame Painted Stucco
Year Built 2018
Electric SRP
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 335560.26
Community Features Pool
County Maricopa
Net Operating Income 213896.0
Operating Expense 124259.0
Insurance Expense 8460.0
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 9600.0
Garage Y/N N
Status Active
City Phoenix
Disclosures None
Open Parking Spaces 8.0
Number Of Units Total 24
Lot Size Square Feet 0.0
Carport Y/N N
Tax Annual Amount 24774.0
Electric Expense 29182.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Lot 1
Cap Rate 4.7
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Carpet Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features >1 Space Per Unit
Water Source City Franchise
Total Parking 32.0
Lot Size Area 0.0
Number of Buildings 2
Spa N
Lot Dimensions 0.78
Lot Size Acres 0.0
Covered Spaces 24.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2016
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* Excluded Features
List By
Marcus & Millichap

Broker

paul.bay@marcusmillichap.com

Email

Affordability Calculator

$30,451
Per Month
93%
7%
0%
Monthly Principal & Interest
$28,386
Monthly Property Taxes
$2,065
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
260072 Elementary School
263420 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/28/2025$4,550,000 Listed Price

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2016 W Orangewood Avenue, Phoenix, AZ, 85021 is a Multi-Family Home for sale at $4,550,000. 2016 W Orangewood Avenue is a studio with 0.0 baths and was built in 2018. The property's zip code is 85021 which is in Phoenix, AZ