2719 W MARYLAND Avenue Phoenix, AZ $ 1,385,000
2719 W MARYLAND Avenue
$ 1,385,000
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2719 W MARYLAND Avenue

Phoenix, AZ, 85017
$ 1,385,000
Baths0.0

Monthly Estimate*

$ 8,528

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $1,385,000. This home was built in 1971.

Extensively renovated 8-unit multifamily community located along the I-17 corridor in Central Phoenix. Originally constructed in 1958, the property recently underwent a comprehensive renovation program totaling more than $400,000 in capital improvements. Upgrades include replacement of all plumbing and the main sewer line, new electrical systems, a new roof, repaved asphalt, and fully renovated unit interiors, providing investors with a truly turnkey asset requiring minimal ongoing maintenance or near-term capital expenditures. The property features an attractive mix of studio, one-bedroom, and two-bedroom floorplans currently generating nearly $10,600 in gross monthly rental income, offering stable day-one cash flow with strong long-term upside. 7.82% cap rate on current financials.

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Multi-Family Active

Price

$ 1,385,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,493

Style

Multiple Dwellings

Year Built

1971

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7043158

Features
General
Sewer Public Sewer
Heating See Remarks Electric
Cooling Electric Individual
Roof Built-Up
Zoning R-3
Construction Materials Wood Frame Painted Block
Year Built 1971
Electric SRP
Township 2N
Tax Year 2025
Ownership Fee Simple Fee Simple
Community Features No Pool
County Maricopa
Net Operating Income 108345.0
Operating Expense 16987.0
Insurance Expense 4774.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name AMBASSADOR HTS 9-14
Garage Y/N N
Status Active
City Phoenix
Disclosures None
High School District Glendale Union High School District
Open Parking Spaces 12.0
Number Of Units Total 8
Carport Y/N N
Tax Annual Amount 2493.0
Electric Expense 3000.0
Fuel Expense 360.0
Trash Expense 1872.0
Water Sewer Expense 3000.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Lot 4
Cap Rate 7.82
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 Paved 1 Space/Unit
Water Source City Franchise
Total Parking 12.0
Number of Buildings 2
Spa N
Lot Dimensions 152 X 60
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2719
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* Excluded Features
List By
Matthews Real Estate Investment Services

Broker

brad.skenderian@matthews.com

Email

Affordability Calculator

$8,735
Per Month
98%
2%
0%
Monthly Principal & Interest
$8,528
Monthly Property Taxes
$208
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
4327134 Elementary School
4327258 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/17/2026$1,385,000 Listed Price

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2719 W MARYLAND Avenue, Phoenix, AZ, 85017 is a Multi-Family Home for sale at $1,385,000. 2719 W MARYLAND Avenue is a studio with 0.0 baths and was built in 1971. The property's zip code is 85017 which is in Phoenix, AZ