3020 E Yale St - Apartments FOR SALE


Phoenix, AZ 85008- East Side
$795,000 USD
480-703-8955
3020 E Yale St, Phoenix, AZ for Sale
$795,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

3020 E Yale St
Phoenix, AZ 85008
East Side


HIGHLIGHTS

  • Fully Renovated 3-Unit Multifamily Property with $150,000+ in Recent Capital Improvements
  • Turnkey Investment Opportunity with Modern Finishes and In-Unit Washer/Dryer Amenities
  • Prime East Phoenix Location with Access to Loop 202 and State Route 51 Transportation
  • Spacious Units Averaging 781 SF with Covered Parking and Dedicated Storage for Each Unit
  • Comprehensive Interior and Exterior Renovations Completed in 2026 for Low Maintenance
  • Strong Rental Market with Pro Forma Rent of $1,450 and Proximity to ASU and Sky Harbor

OVERVIEW

Matthews™ is pleased to present 3020 E Yale St, a fully renovated 3-unit multifamily community located in the desirable East Phoenix Submarket. Originally constructed in 1961, the property has undergone comprehensive interior and exterior upgrades, positioning it as a turnkey investment in a strong rental submarket. Each unit has been thoughtfully modernized to meet today’s renter expectations, featuring in-unit washer and dryer, quartz countertops, laminate wood-style flooring, brand-new shaker-style cabinetry, and walk-in showers. Exterior improvements include fresh paint, new asphalt, updated landscaping, and the addition of perimeter fencing and turf, enhancing both curb appeal and long-term durability while minimizing future capital needs. The property is currently fully vacant, providing a rare opportunity for a new owner to immediately implement a tailored leasing strategy and capture full market rents. Additionally, the vacancy offers flexibility for an owner-occupant to reside in one unit while generating income from the remaining units. Strategically located in East Phoenix, the property benefits from convenient access to major transportation corridors including Loop 202 and State Route 51, providing connectivity to key employment hubs throughout the metro area. The surrounding area is supported by a strong mix of retail, dining, and lifestyle amenities, including proximity to Arcadia, the Biltmore Corridor, and Downtown Phoenix. Nearby points of interest include Sky Harbor International Airport, Papago Park, Desert Botanical Garden, and Arizona State University, all of which contribute to sustained rental demand and a diverse tenant base. David Harrington License # CO701910000, BR715518000 (AZ) Matthews Real Estate Investment Services, Inc 4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251 (866) 889-0550

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$339 USD /SF

# OF UNITS

3

PRICE/UNIT

$265,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,567 SF

ZONING

-

APN/PARCEL ID

120-22-005

ASK ABOUT THIS PROPERTY

Kyle InmanMatthews Real Estate Investment ServicesMore Info
480-703-8955

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Kyle InmanMatthews Real Estate Investment ServicesMore Info
480-703-8955

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