2011 N 51ST Street, Phoenix, AZ 85008 (MLS# 6921463)

2011 N 51ST Street, Phoenix, AZ 85008

$3,487,500
Property Type: Multiple Dwellings Status: Closed
Current Price: $3,487,500 Last Modified: 6/09/2026

Overview

Description

Tropicana Apartments is a well-positioned, mostly renovated 20-unit multifamily community in the desirable Papago submarket of Metro Phoenix. Built in 1979 on 1.31 acres, the property offers 14,960 square feet of rentable space with a mix of floor plans averaging 748 square feet. Since 2020, the property has benefited from more than $420,000 in capital improvements, including pool refinishing, upgraded landscaping, new appliances, cabinetry, countertops, entry gate enhancements, and the installation of 15 new HVAC units, among other updates.

Listing Details MLS# 6921463

Location, Tax & Legal

House Number
2011
Compass
N
Street Name
51ST
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85008
Zip4
4238
Country
US
County Code
Maricopa
Subdivision
ORANGEDALE TRACT 1,2, & 7,8
Assessor Number
126-21-011
Tax Year
2024

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
N/A
Year Built
1979
Uncvrd Parking Spcs
25
Total # of Units
20
# of Buildings
3
Zoning
R-3
Flood Zone
No
Elementary School District
Balsz Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
51st Street & McDowell

Status Change Info

Off Market Date
2026-06-04
Under Contract Date
2025-11-13
Close of Escrow Date
2026-06-09

Legal Info

Township
2N
Range
4E
Section
32
Lot Number
12

More Information

Efficiency Units

# Efficiency Units
Yes
Avg Rent
1009.93
Avg SqFt
350
# Baths
Yes

1 Bedroom Units

# 1 Bedroom Units
16
Avg Rent
1420.8
Avg SqFt
700
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1575
Avg SqFt
855
# Baths
Yes

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
2283.75
Avg SqFt
1650
# Baths
2

Income Expenses

Gross Annual Sch Inc
376680
Net Operating Income
267579.9

Showing Notification Methods

Showing Service
No Showing Service Used

Sold Info

Loan Type
Other
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Project Type: 13 - 24 Units Construction: Block Const - Finish: Painted; Other (See Remarks) Roofing: Composition Floors: Ceramic Tile Sale Includes: Building(s) Only; Land & Building; Pool Equipment; Laundry Equipment Community Features: Pool; Barbecue Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Partially Fenced; Separate Storage Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Built-In Electric Oven; Free-Standing Electric Oven; Built-In Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer Heating: Ceiling; Individual; Heat Pump Cooling: Ceiling Fan(s); Electric; Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public; Sewer-In & Connected Electric: SRP Gas: None Parking Features: Garage; On Street; >1 Space Per Unit; Free; Paved Road Access Type: Dedicated Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Cash; Conventional; No Carry; 1031 Exchange Environmental: None
IDX
Listing Office: Orion Investment Real Estate
Last Updated: June - 09 - 2026
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