#6744412, Tiffany J McGill, Listing office: MCG Realty

525-526 N 32nd St Unit 1-13 Phoenix, AZ 85008
Property details
About 525-526 N 32nd St Unit 1-13
Thirteen on 32nd Street Apartments, a prime 13-unit multifamily investment opportunity located in the heart of Phoenix, Arizona. This high-demand asset is positioned directly across from the Celebrity Theatre and just minutes from Phoenix Sky Harbor International Airport, with immediate access to the 202, SR-51, and I-10 freeways. Residents benefit from quick commutes to Downtown Phoenix and major employment hubs throughout the airport corridor. 525 & 526 N 32nd Street, Phoenix, AZ APNs: 121-17-026-A & 121-17-028-A This offering includes two contiguous parcels totaling approximately 10,498 square feet of rentable space across 13 units. The diversified unit mix offers strong leasing flexibility and long-term cash flow potential: Five legal studio units (Unit 7: ~400 SF; Units 6, 8, 9, 10: ~250 SF) One additional studio (Unit 12A: ~250 SF, seller-added) Current Rents: $750-$850 | Market Rent: ~$950 Six one-bedroom units (Units 1-5: ~600 SF; Unit 11: ~375 SF) Current Rent: ~$850 | Market Rent: ~$950 One detached single-family residence featuring a 2-bedroom, 1-bath home with an attached 1-bedroom apartment Rents are currently below market, offering investors a clear path to value-add upside through rental increases, improved management, and light renovations. Additional income is generated from tenant storage units (average $25/month), and the property also features an on-site laundry facility. Tenants enjoy private patios or balconies, and the property is within close proximity to Valleywise Health Medical Center, the VA Hospital, and other major employers in this thriving urban submarket. This is a rare opportunity to acquire a well-located, income-producing asset in a high-growth area with strong fundamentals and long-term appreciation potential. All facts and figures approximate buyer verify information
Highlights
Summary
- Flooring Type: Carpet, Ceramic Tile, Vinyl
- Parking: Paved, Free
- Heating: Other, Central
- Cooling: Wall/Window Unit(s)
- List Price: $1,495,000
- Year Built: 1978
- MLS Number: 6881870
- MLS Name: Arizona Regional Multiple Listing Service 2
- Office Name: Grace CRE
- Office Phone: (602) 975-5516
- Office Email: info@gracecre.com
- Listing Agent: Sophia J Willets, Garrett Pedicini
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Last updated on: 7/14/2025, 12:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
2
Wilson Primary School
Public District PK-3
0.4 mi
•415 N 30th St
2
David Crockett Elementary School
Public District KG-5
0.6 mi
•501 N 36th St
2
Brunson - Lee Elementary School
Public District KG-5
2.1 mi
•1350 N 48th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $46,400. Typical income of Phoenix, AZ residents is between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
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Frequently asked questions
About 525-526 N 32nd St Unit 1-13
The listing price of 525-526 N 32nd St Unit 1-13 property is $1,495,000.
The property 525-526 N 32nd St Unit 1-13 is a house located in Phoenix, Arizona, 85008.
Active Listing: 525-526 N 32nd St Unit 1-13 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 525-526 N 32nd St Unit 1-13 are: Wilson Primary School (GreatSchools Rating 2/10), David Crockett Elementary School (GreatSchools Rating 2/10), Brunson - Lee Elementary School (GreatSchools Rating 2/10), Wilson Elementary School (GreatSchools Rating 2/10), Gateway School (GreatSchools Rating 1/10), Pat Tillman Middle School (GreatSchools Rating 3/10), Phoenix Union-Wilson College Preparatory (GreatSchools Rating 5/10), Gateway Early College High School (GreatSchools Rating 5/10), Sonoran Science Academy - Phoenix (GreatSchools Rating 6/10).
The property at 525-526 N 32nd St Unit 1-13 has 0 bathroom.
The year of construction for 525-526 N 32nd St Unit 1-13 is 1978.
This home is located at 525-526 N 32nd St Unit 1-13 in Phoenix, AZ and zip code 85034 in the Central City neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 18, 2025 and is currently priced at $1,495,000.
In June 2025, from all listings sold in Phoenix, AZ there were more than 188 sold above asking price, over 788 sold below and more than 341 were sold right at the asked price. In June 2025 in Phoenix, AZ there were 0.2% less homes for sale than in May. In June 2025 median list price was $460,087 and the average listing age was 67 days.