2011 N 51ST Street Phoenix, AZ ^$ 3,999,000

2011 N 51ST Street

^$ 3,999,000

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2011 N 51ST Street

Phoenix, AZ, 85008

^$ 3,999,000

Studio Baths0.0

Monthly Estimate*

^$ 24,949

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $3,999,000. This home was built in 1979.

Tropicana Apartments is a well-positioned, mostly renovated 20-unit multifamily community in the desirable Papago submarket of Metro Phoenix. Built in 1979 on 1.31 acres, the property offers 14,960 square feet of rentable space with a mix of floor plans averaging 748 square feet. Since 2020, the property has benefited from more than $420,000 in capital improvements, including pool refinishing, upgraded landscaping, new appliances, cabinetry, countertops, entry gate enhancements, and the installation of 15 new HVAC units, among other updates.

Multi-Family Active

Price

^$ 3,999,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 8,436

Style

Multiple Dwellings

Year Built

1979

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6921463

Features

General

Sewer Sewer-In & Connected Public Sewer

Heating Individual Heat Pump Electric Ceiling

Cooling Central Air Ceiling Fan(s) Electric Individual

Roof Composition

Zoning R-3

Construction Materials Painted Block

Year Built 1979

Electric SRP

Township 2N

Tax Year 2024

Ownership Fee Simple Fee Simple

Gross Income 380567.11

Community Features Barbecue Pool

County Maricopa

Net Operating Income 267579.9

Operating Expense 8436.0

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name ORANGEDALE TRACT 1 2 & 7 8

Garage Y/N Y

Status Active

City Phoenix

Disclosures None

High School District Phoenix Union High School District

Open Parking Spaces 25.0

Number Of Units Total 20

Lot Size Square Feet 0.0

Carport Y/N N

Tax Annual Amount 8436.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Elementary School District Balsz Elementary District

Tax Lot 12

Cap Rate 6.69

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Interior

Flooring Ceramic Tile

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Paved Free >1 Space Per Unit On Street

Water Source City Franchise

Total Parking 27.0

Lot Size Area 0.0

Number of Buildings 3

Spa N

Lot Dimensions N/A

Lot Size Acres 0.0

Covered Spaces 2.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 2011

* Excluded Features

List By

Orion Investment Real Estate

Broker

colt.siler@orionprop.com

Affordability Calculator

$25,652

Per Month

Monthly Principal & Interest: $24,949
Monthly Property Taxes: $703
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Multi-family listings in Phoenix, AZ

Average List Price ^$1,206,219

Percent of Sale Price 70%

About Phoenix, AZ

1,596,463 Population

20% Since 2002

^$51,132 Median Income

34.66 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327165 Elementary School

4327058 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/18/2025	$3,999,000		Listed Price

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2011 N 51ST Street, Phoenix, AZ, 85008 is a Multi-Family Home for sale at $3,999,000. 2011 N 51ST Street is a studio with 0.0 baths and was built in 1979. The property's zip code is 85008 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The 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.

Data is updated as of 12/10/2025.

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2011 N 51ST Street

Multi-Family Home for sale in Phoenix, AZ

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