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Listing provided courtesy of The Broker Reserve LLC- MLS# 6951020MLS Provider

8910-8912 N 3rd StreetPhoenix, AZ 85020

Multi-Family
$1,500,000 Active

8910-8912 N 3rd Street Overview

Time on Site:
216 days
Visits:
1

100% OCCUPIED + FULLY UPDATED ELECTRICAL & WIRING. Fully renovated 10-unit multifamily asset in the highly desirable Uptown Phoenix submarket. The property features a compelling unit mix across two contiguous parcels and benefits from approximately $355,000 of capital improvements completed over the last 1.5 years. With strong leasing momentum, stabilized operations, and market rent upside, this property is well-positioned for both yield-focused and appreciation-driven investors.

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8910-8912 N 3rd Street Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: Glendale Union High School District
  • Elementary School: Desert View Elementary School
  • Middle Or Junior School: Royal Palm Middle School
  • High School: Sunnyslope High School

Income/Expenses

  • Gross Income: 142080.0
  • Gross Scheduled Income: 132000.0
  • Insurance Expense: 6985.0
  • Maintenance Expense: 11000.0
  • Net Operating Income: 112987.0
  • Operating Expense: 29092.86
  • Trash Expense: 3325.0
  • Water Sewer Expense: 5051.0

Building Information

  • Year Built: 1945

Location/Region

  • Country: US
  • County Or Parish: Maricopa
  • Postal City: Phoenix
  • Subdivision Name: SUNNYSLOPE
  • Township: 3N

Community/Development

  • Community Features: No Pool

Tax Information

  • Tax Annual Amount: $2,731.86
  • Tax Year: 2024

General Information

  • Disclosures: None
  • Listing Terms: No Carry,Conventional,1031 Exchange
  • Ownership: Fee Simple
  • Parcel Number: 160-50-087
  • Property Type: Multiple Dwellings
  • Zoning: R-5

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Electric: APS,Individual Meter
  • Flooring: Vinyl,Concrete

Exterior

Parking Information

  • Open Parking Spaces: 10.0
  • Parking Features: Paved,\u003e1 Space Per Unit

Lot Information

  • Additional Parcels: true
  • Lot Size Dimensions: 100 x 125
  • Number Of Buildings: 1
  • Road Surface Type: Asphalt
  • Water Source: City Franchise

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Brick Veneer,Painted,Block
  • Roof: Composition

General Information

  • Exterior Features: Sidewalk(s)
  • Number Of Units Total: 10
  • Sewer: Public Sewer

8910-8912 N 3rd Street Neighborhood

Community

85020 (Phoenix) Demographics

43
Median Age
4,009
Population Density (per sq. mile)
47%
College Educated
$65,224
Estimated Median Income
8,919
Estimated Total Home Owners
7,776
Estimated Total Renters
53% / 47%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

8910-8912 N 3rd Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

8910-8912 N 3rd Street Market Data

Based on the last 30 days in this zip code

$626,957
Average List Price
$368
Average Price per Square Foot
48
Properties Sold
91
Average Days on Market
223
Properties for Sale
Calculations provided by Reliance Network

8910-8912 N 3rd Street History

Date Event Value Agent
5/25/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Price Reduction
$1,500,000 -6.2%
4/21/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Price Reduction
$1,600,000 -8.6%
3/6/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Price Reduction
$1,750,000 -7.4%
11/26/2025Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Added to Database
November 26, 2025