All Phoenix Multifamily Homes for Sale (5+ Units)

With alluring big-city sophistication and unmatched desert beauty, the City of Phoenix, Arizona, is an excellent place to spend a day, a week, or a lifetime. Its timeless beauty provides the perfect backdrop for a romantic getaway, weekend adventure, or family vacation. The city boasts more land designated for preserves and parks than any other major city in the country, and it is full of exciting cultural attractions, museums, casual and fine dining restaurants, shopping, theater, and Old West roots. Additionally, this one-of-a-kind city is home to cactus, red-rock buttes, real cowboys, lush golf courses, resorts and spas, mountain trails, and Super Bowl-worthy sports venues.

All of the city’s spectacular amenities and attractions are easily enjoyed year-round because of the abundance of sunshine. All of its many advantages contribute to the city continuing to be one of the nation’s hottest growth areas. These features also make it an excellent place to invest in Phoenix real estate. Real estate in Phoenix includes a wide variety of opportunities, including Phoenix multi-family homes for sale. Multi-family homes in Phoenix consist of duplexes, triplexes, quads, condos, townhomes, patio homes, and other structures with multiple units that can house multiple families.

While owning a single-family home and using it as a rental property can provide monthly rental income, owning a multi-family property in Phoenix can generate multiple streams of monthly rental income. This makes owning Phoenix multi-family properties an ideal investment for those seeking consistent cash flow. You’ll find multi-family dwellings for sale in Phoenix in the 85018, 85012, 85014, 85008, 85015, and 85016 zip codes, among others, and the neighborhoods of Citrus Acres, Camel Square, Camelback Shadows, Citrus Heights, and Melrose Valley, to name a few. There is a broad range of listing prices for Phoenix multi-family dwellings as a result of the extraordinary diversity. If you are interested in learning more about currently available multi-family homes in Phoenix, Arizona, we would love to help you, so please do not hesitate to contact us as soon as it is convenient.

Our website features the best Phoenix multifamily properties 5 units and larger available. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes.

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire.

Curious about what’s happening in the multifamily market? You can create a custom market report to see what’s active, under contract, and sold in Phoenix!

1245 E Adams Street, Phoenix $950,000

TENANT OCCUPIED - DO NOT DISTURB TENANTS. Excellent opportunity to get this Property with over 15,000 Sq Ft of High Density Residential in Central Downtown Phoenix, Close...

6555185 MLS

120 W Mcdowell Road, Phoenix $2,400,000

Introducing an unparalleled opportunity to invest in a prime commercial real estate property located at the heart of vibrant Phoenix, Arizona. 120 W McDowell Rd offers an...

6559290 MLS

1630 E Georgia Avenue, Phoenix $3,550,000

Palmaire is a Mid-Century Modern complex along the Camelback Corridor with spectacular landscaping. This 1960's complex has a total of 18 units spread out to perfection, ...

6560076 MLS

5421 S 4th Street S, Phoenix $2,399,000

INCREIDIBLE INVESTMENT OPPORTUNITY!!!!Located close to the Heart of Downtown, the value resides in the land and it's Potential!!!Zoned R2 Minimum Extremely desirable loca...

6559486 MLS

1527 W Fillmore 1-7 Street, Phoenix image

1527 W Fillmore 1-7 Street, Phoenix $1,699,000

Seven at Fillmore is a seven unit apartment complex built in the early 1900s to late 1999. Has been updated been updated and remodeled in recent years. The property just ...

6558936 MLS

1402-1406 W Whitton Avenue, Phoenix image

1402-1406 W Whitton Avenue, Phoenix $1,325,000

Built in 1949, this recently renovated 6 unit apartment community presents a unique opportunity to acquire a stabilized asset located in one of Phoenix's strongest perfor...

6556886 MLS

4422 N 14th Street Unit #9, Phoenix image

4422 N 14th Street Unit #9, Phoenix $2,750,000

Upgraded Newer construction townhomes in a convenient Central Phoenix location! High end finishes throughout this wonderful open floorplan !Large kitchen with quartz coun...

6555854 MLS

314 W Roosevelt Street, Phoenix $3,500,000

314 W Roosevelt Street is incredibly charming, originally built in 1913 and undergoing a modernization in the late 90's that included all new plumbing/sewer lines, electr...

6551991 MLS

1703 W Mountain View Road, Phoenix image

1703 W Mountain View Road, Phoenix $2,560,000

16-unit apartment community located at 1703 West Mountain View Road in Phoenix, AZ. Situated in the sought-after Mountain View Acres subdivision of Phoenix. Constructed i...

6551334 MLS

1802 W Vogel Avenue, Phoenix $1,750,000

Every interior has been renovated with all new appliances and section 8 tenants in place. Shared laundry with new washer/dryers by tenants. RUBS in place per unit for pow...

6551016 MLS

3625 N 16th Street, Phoenix $5,800,000 ▼

Playton Place @ Biltmore offers style and convenience while raising the bar for urban apartment living in central Phoenix. Originally built in 1963 and 1973 as office spa...

6546933 MLS

2525 W State Avenue Unit #2, Phoenix image

2525 W State Avenue Unit #2, Phoenix $2,400,000

Six total units available! Estimated to be complete around May 1st, 2023. 3 separate buildings, 2 units per building, 6 units on property. Each building has its own pa...

6544267 MLS

2948 W Polk Street, Phoenix $1,200,000

Woah! Cash cow alert!! This property has a total of 11 units, including 6 RVs, 3 container homes, 2 bedrooms in the main house, and a tiny home. This unique property is a...

6542437 MLS

2242 N 29th Place, Phoenix $1,400,000

REMODELED! The Omni in Arcadia Lite is a perfect mix of 5 units consisting of three 1/1 units, one 2/1 unit, and a 3/1. All units are remodeled. All units have new HVAC, ...

6542729 MLS

2421 W Glenrosa Avenue, Phoenix $1,015,000 ▼

5-Unit, Garden-Style Property, Built in 1952, Fully Renovated in 2021. Unit Mix Consists of (3) Two-Bed / One-Bath Units & (2) One-Bed / One-Bath Units. Exterior Upgrades...

6536511 MLS

1734 W Glenrosa Avenue, Phoenix $1,260,000

None

6536418 MLS

510 E Hatcher Road, Phoenix $3,960,000 ▼

Hatcher Heights was built in 1985 and is comprised of (12) 1-bedroom / 1-bathroom and (12) 2-bedroom / 1-bathroom units. The property is a 3-story building and has gone t...

6534040 MLS

102 E Hatcher Road, Phoenix $1,480,000

None

6532643 MLS

1801 N 25th Place, Phoenix $1,525,000

None

6532645 MLS

4525 N 40th Street, Phoenix $12,000,000

8 brand new high end condos in Arcadia. All 3 bed 3 bath 2 car garage Average about 2500 sq ft. Currently renting out for $6500/month. Each unit has it's own private e...

6530313 MLS

3151 N 36th Street, Phoenix $2,260,000

Charming fully renovated, 6 unit boutique community located in the strong Phoenix rental submarket of Camelback East Village. The community consists of (4) Two Bed/2 Bath...

6530233 MLS

2936 E Van Buren Street, Phoenix $4,800,000

28 Casita style units (single story) with 760 square feet of retail space on Van Buren. 16 Buildings total. Nearly 100% renovated, new construction down to studs within ...

6528308 MLS

3123 W Almeria Road, Phoenix $1,650,000

The property located at 3123 W Almeria Rd in Phoenix, AZ, with a zip code of 85009. The property is zoned as R-4, consists of two buildings, and has a land area of 13,260...

6527760 MLS

2121 W Adams Street, Phoenix $1,330,000 ▼

Adams 21 apartments is a carefully curated SHOVEL READY development project with fully APPROVED PLANS for a 20-unit apartment community situated on a 1-acre Downtown Phoe...