Multi Family Investment Properties for Sale in Phoenix, AZ
363- 2 Bed
- 2 Bath
- 1050 sft
379- 6 Bed
- 4 Bath
- 2200 sft
1118- 4 Bed
- 2 Bath
- 1344 sft
657- 4 Bed
- 3 Bath
- 2400 sft
Why Invest in Phoenix, Arizona?
Phoenix multi-family properties offer resilient investment opportunities amid stabilizing market conditions. With slowing construction and persistent demand, investors can target cap rates around 5-6% and average rents near $1,550 per unit. Annual appreciation holds steady at 3-4%, supported by population growth and job expansion. Rental yields average 6%, with cash flows bolstered by high renter occupancy over 90%. Despite recent supply pressures, absorption trends signal recovery into 2026.
Frequently Asked Questions
Cap rates in Phoenix have compressed amid investor interest, averaging around 5.4% based on recent sales data. This reflects sales prices rising 10% year-over-year to $251,699 per unit. Expect stabilization as supply slows.
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