Metro Phoenix Apartment Sales for week ending 7/31/2026

 

METRO PHOENIX 

MULTIFAMILY TEAM

Very Positive Economic News - per Arizona Commerce Authority. See Below. Jim Kasten, CCIM

EXPERIENCE - TRACK RECORD - DEDICATION - NATIONAL EXPOSURE Apartment Brokerage Since 1998

Metro Phoenix 10+ unit Apt. Sales for the week ending 7/31/2026

Address Name Sold Date Sold Price Units Price/Unit Unit Mix Size (SF) Price/SF Year Built Comments 510 S Extension Rd., Mesa The Cove 7.27.2026 $49,200,000 244 $201,639 64 1/1, 180 2/2 235,136 $209.24 1987 Part. rehab. 2022 $25,200K down (51%), $24,000K loan East West Bk Sept 2021 $51,000,000 3625 N 16th St., Phoenix Playton Place 7.28.2026 $4,650,000 23 $202,174 3 st., 3 1/1, 17 2/1 20,522 $226.59 1963 Office to apts 2022 $1,771K down (38%), $2,879K Global Fed Credit Jan.2024 $5,600,000 1855 E Don Carlos Av., Tempe Tempe North 7.29.2026 $10,500,000 56 $187,500 52 2/1, 4 3/1.5 34,313 $306.01 1987, Reno. 2017 $4,950K Down (47%), $5,550K Wash Fed Jan 2022 $12,500,000 1 W Campbell Av., Phoenix Pavilions on Central 7.29.2026 $73,650,000 254 $289,960 90 1/1, 110 2/2, 54 3/2 281,619 $261.52 2000 $22,150K down (30%), $51,500K Prudential 3015 N Hayden Rd., Scottsdale Hayden Park 7.30.2026 $42,000,000 182 $230,769 123 1/1, 59 2/2 141,300 $297.24 1986 $15,008K down (36%), $26,992K Freddie Mac 2354 W University Dr., Mesa Avila 266 7.30.2026 $52,400,000 267 $196,255 1 st, 128 1/1 136 2/2 200,594 $261.22 1984 $17,040K down (33%), $39,280K assumed loan

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Research powered by VIZZDA: cost-effective, timely, accurate data and contact info! Contact Vizzda for a 30-day free trial. Learn More... Reported sales for 10+ unit properties. All information believed accurate but not guaranteed.

Apartment Market and Sales Insight Per Arizona Commerce Authority (ACA): Building a Future - Piece by Piece, Arizona has completely rebuilt its economy in the past seven years, fueled by a decision to go all in on semiconductors. Past 12 months - most successful Economic Development in Arizona history. Pipeline contains 483 projects representing $104 billion - potential future investment. Manufacturing represents 79% of all projects - led by TSMC and related industies. An Observation: For those folks that live her - we know the economy and our apt. industry is about to explode. What's finally happening is that the California investors are getting the word and are starting to really take a good look at quality assets. Watch for buyer results this fall.

Past Metro Phoenix Apt. Owner's Newsletters

Meet The Team

Jim Kasten, CCIM Assoc. Broker, Team Leader 602-677-0655 Email Jim

Chris Norton Broker Advisor 480-559-9775 Email Chris

Rick Kehm Broker Advisor 602-432-2793 Email Rick

Terry Kass, CCIM, CPM Broker Advisor 602-703-5277 Email Terry

George Atalla Advisor - Fluent in ARABIC 480-450-3537‬ ffEmail George Arabic

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