1802 N 26th PlacePhoenix, AZ 85008

Description

1802 N 26th Pl is an attractive opportunity to acquire a fully occupied 10-unit multifamily asset generating an in-place cap rate of 6.33%, with additional upside through completing remaining interior & exterior renovations. Strong in-place rents and occupancy, coupled with a significant concentration of three and four-bedroom units, provide a compelling competitive advantage in a submarket with strong demand for larger floor plans. Built in 1960, the property has undergone substantial reconstruction and renovation, including five fully reconstructed units and two renovated units in 2021, while three units remain in classic condition. Recent capital improvements include new roofs, plumbing lines, electrical systems, and upgraded interiors across seven units. The favorable unit mix includes one studio, three one-bedrooms, one two-bedroom, four three-bedroom casitas, and one four-bedroom casita, providing broad tenant appeal and diversified rental demand. Select units offer private patios. All five three- and four-bedroom units have their own washer / dryer, and the remaining five units utilize on-site community laundry. Ideally positioned between Central Phoenix and the East Valley, the property is minutes from the I-10, SR-51, and Loop 202 Freeways as well as Phoenix Sky Harbor International Airport, Biltmore FashionPark, and the Camelback Corridor, offering residents convenient access to major employment, retail, dining, and entertainment destinations.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1960

Lot dimensions

0.68

Parking spaces

20

Zoning

R-5

Days on market

21

Listing #

7092695

Property Features

Appliances

Free-Standing Range · Refrigerator · Dishwasher · Microwave · Washer/Dryer

Cooling

Central Air · Electric · Varies by Unit · Ceiling Fan(s)

Heating

Varies by Unit

Flooring

Ceramic Tile

Construction

Stucco

Roof

Composition

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$3,721Tax year 2025

Parcel number

120-29-126-A