3611 N 5th Avenue, Phoenix, AZ 85013
- $3,400,000
- List Price
- $3,400,000
- Days on Market
- 68
- Status
- ACTIVE
- MLS#
- 7030825
- City
- Phoenix
- Subdivision
- Park North
- Year Built
- 1961
Property Description
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 repositioning in 2016 and features a rare mix of (12) 3-bedroom, 2-bathroom floor plans measuring approximately 1,200 square feet each. Unit interiors are all upgraded and feature washer/dryers, fully equipped kitchens with dishwashers and built-in microwaves, stainless steel appliances, faux vinyl wood flooring, and modernized bathrooms. Exterior amenities include gated access entry ways, charcoal barbeque grills, resort-style swimming pool, covered parking, and low maintenance desert landscaping. Great opportunity opportunity to acquire a well-maintained, renovated asset within one of Phoenix's strongest urban infill corridors.
Additional Information
- Community Features
- Pool, Barbecue
- Construction
- Block
- Cooling
- Electric, Varies by Unit
- Electric
- Individual Meter
- Heating
- Electric, Varies by Unit
- New Financing
- Conventional, 1031 Exchange, Cash
- Parking Features
- <1 Space Per Unit
- Roofing
- Built-Up
- Pool
- Yes
- Subdivision
- Park North
- Taxes
- $8,433
- Tax Year
- 2025
- Tenant Pays
- Electricity
- Units
- 12
- Water
- Master Meter
- Zoning
- R-4
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Listing courtesy of Matthews Real Estate Investment Services.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.