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.

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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!

11230 N 17th Avenue, Phoenix $999,990

BRAND NEW and Turn Key completely rebuilt 5 unit apartments. New wiring, plumbing, AC, appliances, New Tile flooring, New cabinets, with granite countertops, new window t...

7057590 MLS

3027 E Grandview Road Unit 1, Phoenix image

3027 E Grandview Road Unit 1, Phoenix $2,800,000 ▲

The Grandview Portfolio is a 16-unit, garden-style community built in 1984 with solid block construction. Comprised of four fully condo-mapped, single-story buildings on ...

7057176 MLS

4020 N 12th Street, Phoenix $4,495,000

Seven-unit townhome portfolio in Encanto Village, one of Midtown Phoenix's most sought-after neighborhoods. Within 10 minutes of major employers, dining, nightlife, profe...

7057128 MLS

1435 E Taylor Street, Phoenix $7,650,000

Row 31 is a newly constructed boutique style 31-unit community located at 1435 E Taylor St. in the desirable Garfield District just minutes from Downtown Phoenix. The ass...

7052542 MLS

1412 N 35th Street, Phoenix $4,000,000

20% PRICE REDUCTION. Originally developed in 1960, the property's unit mix features a desirable blend of one studio (±4%) and spacious one-bedroom (±35%) and two-bedroom ...

7048772 MLS

2021 W Washington Street, Phoenix $600,000

Exceptional value-add opportunity in the heart of Phoenix. Situated on an expansive 14,000 SF lot, this 5-unit multifamily property offers tremendous potential for invest...

7048471 MLS

2302 N 36th Street Unit OFC, Phoenix image

2302 N 36th Street Unit OFC, Phoenix $1,900,000

Fully occupied! All single level units inside a gated community, mix of one bedroom units (9) and two bedroom units (2). Newly updated kitchen with stainless appliances, ...

7046624 MLS

3141 N 37th St Street, Phoenix $3,340,000

Built in 1967 and renovated in 2019, Villa Siena is entirely comprised of two-bedroom, one-bathroom floorplans. The clean, modernized interiors have been renovated with s...

7045894 MLS

9648 N 12th Avenue, Phoenix $999,000

Mountain View 8 Units consists of six one-bedroom/one-bathroom units and two studio units, offering investors a strong cash-flowing multifamily opportunity in North Centr...

7045461 MLS

2719 W Maryland Avenue, Phoenix $1,385,000

Extensively renovated 8-unit multifamily community located along the I-17 corridor in Central Phoenix. Originally constructed in 1958, the property recently underwent a c...

7043158 MLS

320 E Hatcher Road, Phoenix $649,900 ▼

Seller carry is available. Shovel ready, fully approved project awaiting a developer to pull permits. Plan set conveys with sale. This 2 story, 20 unit multi-family proje...

7040399 MLS

2002 W Jefferson Street, Phoenix $539,000

Rare opportunity to acquire a fully occupied 5 Unit income-producing property consisting of three separate freestanding buildings on one parcel in the rapidly improving C...

7039118 MLS

4229 N 17th Street, Phoenix $2,795,087

Turnkey 8-unit multifamily investment in the heart of the Biltmore area. This gated community features eight large 2-bedroom, 2-bath units with vaulted ceilings, private ...

7038917 MLS

4323 N 13th Place, Phoenix $1,599,000 ▼

The Chadley at Madison Park is a 5-unit multifamily community originally built in 1958 and comprehensively renovated in 2026.Interior upgrades include updated electrical ...

7035981 MLS

3520 W Dunlap Avenue Unit 109, Phoenix image

3520 W Dunlap Avenue Unit 109, Phoenix $800,000

Total 6 units of townhomes all 2 bedrooms/1.5bathroom in a community of total 99 units of Dunlap Condominiums, large 1108sqft for each unit, all units rented, each unit w...

7035349 MLS

1812 N 31st Place, Phoenix $959,000

Exceptional investment opportunity in the heart of Central Phoenix featuring six garden-style apartment units with an unbeatable location offering quick access to Downtow...

7033472 MLS

1001 N 9th Street, Phoenix $1,299,000 ▼

Located in the heart of central Phoenix, 1001 North 9th Street presents an outstanding multifamily investment opportunity featuring eight well-positioned studio apartment...

7031957 MLS

1718 E Campbell Avenue Unit Multi#, Phoenix image

1718 E Campbell Avenue Unit Multi#, Phoenix $3,180,000

Positioned at 16th St & Campbell Avenue, this portfolio presents a rare opportunity to acquire 12 well located 2-bedroom, 2-bathroom condominium units in the heart of Pho...

7030971 MLS

3611 N 5th Avenue, Phoenix $3,400,000

Melrose on 5th is a 12-unit multifamily community located in the highly sought after Melrose District. Originally built in 1961, the asset went through extensive repositi...

7030825 MLS

909 S 35th Avenue, Phoenix $1,110,000

Discover a prime investment opportunity in strong central Phoenix with this fully occupied 8-unit multifamily complex generating consistent cash flow from day one. This e...

7025359 MLS

11 W Pasadena Avenue, Phoenix $2,900,000 ▼

5 Casitas plus smaller laundry room. All recently updated and show great all 1 Bedroom, 1 Bath with Kitchenette SQ.FT. is 450-590 per unit. This sale includes adjoini...

7021704 MLS

2015 E Eugie Terrace, Phoenix $1,325,000

This 7-unit property boasts a fully renovated interior and in-unit washers and dryers in every residence, delivering a truly turn-key investment in the heart of North Pho...

7010684 MLS

314 W Roosevelt Street, Phoenix $2,875,000

314 West Roosevelt Street is a 12-unit apartment community on a rare half-acre double lot that offers expansion potential under DTC-S-ROO zoning. Situated in the heart of...

7007952 MLS

2020 W Orangewood Avenue, Phoenix $3,895,000

The Mojave is a 27-unit, garden-style multifamily community located in Phoenix, AZ. Originally constructed in 1986 and extensively renovated in 2022, current and previou...