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29342252
29342265

1713 N 31st Pl, Phoenix, AZ 85008

KI
AZ SA691658000
Matthews
BS
SA692958000 (AZ)
Matthews
Listed by Matthews
$995,000
133 days on market
Updated 70 days ago

1713 N 31st Pl

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,911
Net Rentable (SqFt) 3,911
Units 7
Cap Rate 5.94%
Occupancy 71%
Pro-Forma Cap Rate 6.53%
Pro-Forma NOI $65,005
Price per SqFt $254
Class B
Year Built 1958
Buildings 4
Investment Type Stabilized

$142k/ Unit | 7 Units | East Phoenix Multifamily

Marketing description

Matthews™֭ is pleased to announce the exclusive offering of Pacifica Apartments, a well-located 7-unit multifamily property situated in a central Phoenix infill location with strong rental fundamentals.

Built in 1958, the property totals approximately 3,911 square feet of net rentable area, offering an average unit size of ±559 square feet—well suited for the surrounding renter profile. The unit mix consists of (5) one-bedroom / one-bath units and (2) two-bedroom / one-bath units, providing a balanced blend of affordability and livability.

The asset presents an attractive opportunity for investors seeking small-balance multifamily exposure with stable in-place income and long-term upside potential in a supply-constrained submarket.

The property’s central infill location, combined with its small unit count, supports consistent demand from renters seeking affordability, convenience, and access to Phoenix’s core employment and lifestyle nodes.

Investment highlights

Nearby Employment & Connectivity

● Downtown Phoenix (±4.5 mi)

● Phoenix Sky Harbor International Airport (±4.8 mi)

● Biltmore Area (±4.0 mi)

● Immediate access to SR-51 and Loop 202 (±1.0 mi)

Nearby Dining, Retail & Lifestyle

● Biltmore Fashion Park (±4.0 mi)

● Arcadia dining corridor (±3.3 mi)

● Roosevelt Row Arts District (±4.6 mi)

● Local neighborhood retail and services along Thomas Road and Indian School Road (±4.8 mi

Listing Contacts

KI
AZ SA691658000
Matthews
BS
SA692958000 (AZ)
Matthews
Listed by Matthews

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Additional Information

Name
David Harrington
License
BR715518000, CO701910000 (AZ)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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