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3611 N 5TH Avenue Phoenix, AZ $ 3,400,000
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$ 3,400,000 Get more info
3611 N 5TH Avenue
$ 3,400,000
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3611 N 5TH Avenue

Phoenix, AZ, 85013
$ 3,400,000
Baths0.0

Monthly Estimate*

$ 20,934

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $3,400,000. This home was built in 1961.

Melrose on 5th is a 12-unit multifamily community located in the highly sought after Melrose District. Originally built in 1961, the asset went through extensive repositioning in 2016 and features a rare mix of (12) 3-bedroom, 2-bathroom floor plans measuring approximately 1,200 square feet each. Unit interiors are all upgraded and feature washer/dryers, fully equipped kitchens with dishwashers and built-in microwaves, stainless steel appliances, faux vinyl wood flooring, and modernized bathrooms. Exterior amenities include gated access entry ways, charcoal barbeque grills, resort-style swimming pool, covered parking, and low maintenance desert landscaping. Great opportunity opportunity to acquire a well-maintained, renovated asset within one of Phoenix's strongest urban infill corridors.

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Multi-Family Active

Price

$ 3,400,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 8,433

Style

Multiple Dwellings

Year Built

1961

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7030825
Features
General
Sewer Public Sewer
Heating Individual Electric
Cooling Electric Individual
Roof Built-Up
Zoning R-4
Construction Materials Block
Year Built 1961
Electric Individual Meter
Township 2N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 237246.0
Community Features Barbecue Pool
County Maricopa
Net Operating Income 178903.0
Operating Expense 62075.0
Insurance Expense 6000.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 1809.0
Subdivision Name PARK NORTH
Garage Y/N N
Status Active
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 1.0
Number Of Units Total 12
Carport Y/N N
Tax Annual Amount 8433.0
Electric Expense 3243.0
Fuel Expense 3754.0
Trash Expense 2375.0
Water Sewer Expense 10102.0
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 Osborn Elementary District
Tax Lot 0
Cap Rate 5.26
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring 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 Master Meter
Total Parking 10.0
Number of Buildings 1
Spa N
Lot Dimensions .40
Road Surface Type Asphalt
Covered Spaces 9.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 3611
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* Excluded Features
List By
Matthews Real Estate Investment Services

Broker

brad.skenderian@matthews.com

Email

Affordability Calculator

$21,637
Per Month
97%
3%
0%
Monthly Principal & Interest
$20,934
Monthly Property Taxes
$703
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4327165 Elementary School
4327058 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
5/20/2026 $3,400,000 Listed Price

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3611 N 5TH Avenue, Phoenix, AZ, 85013 is a Multi-Family Home for sale at $3,400,000. 3611 N 5TH Avenue is a studio with 0.0 baths and was built in 1961. The property's zip code is 85013 which is in Phoenix, AZ

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