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34285961
34286004

1435 E TAYLOR ST, PHOENIX, AZ 85006

BS
SA692958000 (AZ)
Matthews
KI
AZ SA691658000
Matthews
Listed by Matthews
$7,650,000
4 days on market
Updated 2 days ago

Row 31

Details
APN 116-18-114-A
Property Type Multifamily
Sub Type Apartment Building
Square Footage 21,700
Net Rentable (SqFt) 21,700
Units 31
Occupancy 87%
Pro-Forma Cap Rate 5.51%
Pro-Forma NOI $421,196
Price per SqFt $353
Broker Co-Op True
Class A
Year Built 2026
Buildings 2
Stories 1
Lot Size (SqFt) 35,501
Zoning R-4
Investment Type Stabilized

31 Units | 2026 Construction | Near Downtown Phoenix

Marketing description

Matthews™ is pleased to present Row 31, a newly constructed, boutique style 31-unit multifamily community located at 1435 E Taylor St. in the desirable Garfield District just minutes from Downtown Phoenix. The asset offers investors a rare opportunity to acquire a fully modern, institutional quality infill property in one of Phoenix’s most urban and transit-connected neighborhoods, adjacent to major employment centers, universities, and the Roosevelt Row Arts District. The property is currently in lease-up and is projected to be fully stabilized within the coming weeks.

Row 31 consists of a well-balanced unit mix of (2) studios, (18) one-bedroom, and (11) two-bedroom, two-bathroom residences designed to appeal to downtown professionals, students, and lifestyle renters seeking walkable urban living units feature premium interior finishes and the core amenities expected in new downtown product, including In-suite washer/dryer, stainless steel appliances, LVP flooring, quartz countertops, custom cabinetry, and smart home features. Community amenities include outdoor grilling areas, 24-hour maintenance access, and online resident services, supporting a low-operating cost management model.

The property sits in a strong urban core location with excellent walkability and transit access. Key nearby demand drivers include the Roosevelt Row Arts District, the Downtown Phoenix employment base, Arizona State University’s Downtown Campus, and Phoenix Sky Harbor International Airport. The Garfield submarket has experienced sustained rent growth driven by limited new supply, strong renter demand from young professionals, and ongoing revitalization of the Midtown and Downtown corridors. Row 31 is positioned as a boutique Class A/B+ urban infill asset that benefits from strong location fundamentals, modern construction quality, and durable long-term demand drivers in one of Phoenix’s most dynamic and rapidly evolving submarkets, offering investors a rare opportunity to acquire a newly delivered, institutional-quality asset in one of the city’s most desirable urban cores.

Investment highlights

  • 31 Units, Built 2026
  • Type: 3-Story, Mid-Rise / Garden Style
  • Unit Mix: (2) Studios, (18) 1+1, (11) 2+2
  • Average Unit Size: 700 Sq. Ft.
  • Current Average Rent: $1,587
  • Modern Interiors w/ Washer/Dryer
  • Located Near Downtown Phoenix, Roosevelt Row, ASU Downtown Campus, and Major Employment Centers
  • Current 2-Bedroom Rents Approximately $358 Below Comparable Downtown Product

Listing Contacts

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

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Zoning

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R-4 ResidentialMulti FamilyMultifamily Residence
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Last updated Apr 13, 2026 For deeper zoning details, reports are available at Zoneomics

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