
5317 N. 11th Street Apartments
Rare Biltmore area 8-unit single-story apartment community entirely consisting of 2-bedroom units
Marketing description
5317 N. 11th Street Apartments at 5317 N. 11th Street, Phoenix, AZ 85014 presents a rare opportunity to acquire an 8-unit, single-story multifamily asset in the coveted Biltmore / North Central Corridor. Formerly known as MODE at Biltmore, this low-density community features all 2-bedroom residences across four buildings on approximately 0.63 acres.
Originally built in 1963 and renovated between 2012–2014, the property blends mid-century character with modern appeal. Units feature open kitchens, quality finishes, polished concrete floors, attractive bathrooms, and in-unit washers and dryers. Most residences also enjoy private patios or secure backyards. Residents are drawn to the property’s private pool, covered parking, individual storage, and lush landscaped setting.
Its walkable infill location offers exceptional access to the Arizona Biltmore, Biltmore Fashion Park, the 7th Street restaurant corridor, the Arizona Canal, nearby trailheads, top-rated Madison schools, and major employment hubs, with quick connectivity to AZ-51. Positioned in a supply-constrained submarket with strong long-term fundamentals, this is a compelling value-add or hold opportunity in one of Phoenix’s most desirable rental neighborhoods.
Investment highlights
- Outstanding Location in Biltmore / North Central Corridor Neighborhood
- Mid-Century, 2-Bedroom, Single-Story Community
- Competitively Priced Well Below Replacement Cost
- Professionally Managed with Consistent Ownership
- Conservative In-Place Rents
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