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2719 W Maryland Ave
Phoenix, AZ 85017 North Phoenix

$1,385,000 USD

Apartments For Sale  •  4,688 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,465 SF
  • Lot Size 0.21 AC
  • Building Class C
  • Year Built 1958
  • Cap Rate 7.82 %
  • Zoning C-2
30 Transit Score
50 Walk Score

Highlights

8-unit multifamily community extensively renovated 2025–2026 with $400,000+ in capital improvements
New roof, electrical systems, sewer lines & plumbing — fully renovated unit interiors
Current gross rent $10,594/month at 100% occupancy — strong day-one cash flow
7.82% cap rate | $1,385,000 list price | $173,000 per unit
Centrally located along the I-17 corridor with immediate freeway access in Central Phoenix
Near Grand Canyon University, light rail & transit, and major employment hubs
Cap Rate: 7.82 %

Public Transportation

AirportDriveWalkDistance
Phoenix Sky Harbor International 21 min - 13.3 mi
Phoenix-Mesa Gateway 54 min - 40.5 mi
Brad Skenderian 949-533-5594 Matthews Real Estate Investment Services
Brad Skenderian 949-533-5594 Matthews Real Estate Investment Services