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33964474
33964483

925 East McKinley Street, Phoenix, AZ 85006

KF
AZ SA720201000
$1,200,000
0 days on market
Updated 0 days ago

925 East McKinley Street

Details
APN 116-32-112
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 3,000
Net Rentable (SqFt) 3,000
Units 6
Cap Rate 5.14%
NOI $61,714
Occupancy 100%
Tenancy Multi
Price per SqFt $400
Year Built 1916
Year Renovated 2020
Buildings 1
Stories 2
Acreage 0.160
Zoning R-5
Parking Spaces 1 per unit
Investment Type Stabilized
Ground Lease No

Stabilized Six-Unit Investment Offering Immediate Cash Flow and Long-Term Appreciation Potential.

Marketing description

This offering presents a rare opportunity to acquire a stabilized six-unit multifamily asset within Phoenix's highly sought-after Garfield Historic District, one of the city's most supply-constrained urban submarkets. The property's combination of stable in-place income, attainable acquisition basis, and remaining operational upside provides investors with an attractive balance of current yield and long-term value creation. Boutique multifamily assets of this scale continue to experience strong investor demand due to their accessibility, operational efficiency, and broad buyer pool, supporting long-term liquidity upon disposition. Garfield's continued transformation through significant public and private investment, coupled with Downtown Phoenix's expanding employment base and population growth, has established the submarket as one of the region's strongest performers for multifamily investment. With limited opportunities for new competing supply and sustained demand for well-located rental housing, the property is positioned to benefit from favorable long-term market fundamentals while providing investors with a durable, income producing asset in one of Phoenix's most desirable infill locations.

Investment highlights

  • Quality 6-unit apartment communities rarely trade, providing investors the opportunity to acquire a highly sought-after asset in a supply-constrained segment of the multifamily market.
  • The property offers immediate income generation while providing the opportunity to enhance returns through continued rental growth and operational efficiencies.
  • Situated within one of Downtown Phoenix's most desirable neighborhoods, the property benefits from exceptional access to major employment centers, entertainment, dining, higher education, and public transit.
  • The attainable acquisition price appeals to private investors, owner-operators, and 1031 exchange buyers seeking a high-quality multifamily investment with long-term wealth-building potential.
  • Supported by continued population growth, significant public and private investment, and sustained demand for urban rental housing, the asset is well-positioned for future value appreciation.
  • High barriers to entry and limited available land within the Garfield Historic District help preserve asset values and support long-term rental demand.
  • The property's manageable size allows for streamlined ownership and efficient day-to-day management while maintaining the benefits of multifamily investment.
  • Walkable access to Roosevelt Row, Downtown Phoenix, Banner University Medical Center, Arizona State University Downtown Campus, and major transportation corridors continues to attract a diverse and expanding renter base.

Listing Contacts

KF
AZ SA720201000

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$61,714.00
$5,142.83/mo

Valuation Metrics

0
DSCR
5.14%
Cap Rate
5.14%
ROI

Map

Zoning

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R-5 ResidentialMulti FamilyMultifamily Residence Restricted Commercial
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Last updated Apr 13, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Ryan Sarbinoff
License
AZ BR675146000
Brokerage
Marcus & Millichap
Brokerage Phone
602.687.6700
Title
Broker of Record
Brokerage Address
2398 E Camelback Rd #300, Phoenix, AZ 85016
Name
Keith Fraser
License
SA720201000
Brokerage
Marcus & Millichap
Brokerage Phone
6026876700
Title
Real Estate Salesperson
Brokerage Address
2398 East Camelback Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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