1435 East Taylor St - Apartments FOR SALE


Phoenix, AZ 85006- Garfield
$7,650,000 USD
949-533-5594
1435 East Taylor St, Phoenix, AZ for Sale
$7,650,000 USD
Apartments - FOR SALE
1/21
null | 5.51% Cap Rate

1435 East Taylor St
Phoenix, AZ 85006
Garfield


HIGHLIGHTS

  • 31-Unit Multifamily Community Builtin 2026 in Phoenix's Garfield District
  • Pro Forma Cap Rate of 5.50% with Year 1 NOI of $421,196
  • Current 2-Bedrooom Rents ~$358 Below Comparable Downtown Product — Significant Upside
  • Modern Interiors with In-Suite Washer/Dryer, Quartz Countertops, and Smart Home Features
  • Low Price Per Unit for New Construction Comparables
  • Located Near Downtown Phoenix, Roosevelt Row Arts District, and ASU Downtown Campus

OVERVIEW

Matthews™ is pleased to present Row 31, a newly constructed, boutique style 31-unit multifamily community located at 1435 E Taylor St. in the desirable Garfield District just minutes from Downtown Phoenix. The asset offers investors a rare opportunity to acquire a fully modern, institutional quality infill property in one of Phoenix’s most urban and transit-connected neighborhoods, adjacent to major employment centers, universities, and the Roosevelt Row Arts District. The property is currently in lease-up and is projected to be fully stabilized within the coming months. Row 31 consists of a well-balanced unit mix of (2) studios, (18) one-bedroom, and (11) two-bedroom, two-bathroom residences designed to appeal to downtown professionals, students, and lifestyle renters seeking walkable urban living units feature premium interior finishes and the core amenities expected in new downtown product, including In-suite washer/dryer, stainless steel appliances, LVP flooring, quartz countertops, custom cabinetry, and smart home features. Community amenities include outdoor grilling areas, 24-hour maintenance access, and online resident services, supporting a low-operating cost management model. The property sits in a strong urban core location with excellent walkability and transit access. Key nearby demand drivers include the Roosevelt Row Arts District, the Downtown Phoenix employment base, Arizona State University’s Downtown Campus, and Phoenix Sky Harbor International Airport. The Garfield submarket has experienced sustained rent growth driven by limited new supply, strong renter demand from young professionals, and ongoing revitalization of the Midtown and Downtown corridors. Row 31 is positioned as a boutique Class A/B+ urban infill asset that benefits from strong location fundamentals, modern construction quality, and durable long-term demand drivers in one of Phoenix’s most dynamic and rapidly evolving submarkets, offering investors a rare opportunity to acquire a newly delivered, institutional-quality asset in one of the city’s most desirable urban cores. David Harrington License # BR715518000, CO701910000 (AZ) Matthews Real Estate Investment Services, Inc 4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251 (866) 889-0550

FOR SALE DETAILS

PRICE

$7,650,000 USD

PRICE/SF

$353 USD /SF

# OF UNITS

31

PRICE/UNIT

$246,774

CAP RATE

5.51%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Row 31 Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

MF

APN/PARCEL ID

116-18-114A

ASK ABOUT THIS PROPERTY

Brad SkenderianMatthews Real Estate Investment ServicesMore Info
949-533-5594

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Brad SkenderianMatthews Real Estate Investment ServicesMore Info
949-533-5594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.