2027 LURA Expirations — Sale in Scottsdale, AZ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Scottsdale, AZ 85251

Photos

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Investment Figures

Cap rate
2.23%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

One mile away from Old Town Scottsdale 1 of 4 Previous Next ← Move left → Move right ↑ Move up ↓ Move down + Zoom in - Zoom out 3231 N 66th Pl Scottsdale, Arizona 3231 N 66th Pl View on Google Maps Custom Imagery This image is no longer available Keyboard shortcuts Map Data © 2026 Google © 2026 Google Terms Report a problem Gallery (4) View Map Street View × 2027 LURA Expirations Close Investment Highlights Rent restriction expiring in July 2027 5% Interest Only debt for 30 months Basis play in highly sought after area of Holiday Park Investment Highlights: • Rent restriction expiring in July 2027 • 5% Interest Only debt for 30 months • Basis play in highly sought after area of Holiday Park

Market Context

This multifamily in Scottsdale, AZ is listed for sale. It is offered at an approximate 2.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Scottsdale, AZ — view the full market.

As of Q1 2026, the Phoenix multifamily market showed a 12.1% vacancy rate, average asking rents near $1561.50/unit/mo, rents up 2.9% year over year, and cap rates around 5.9%. Source: multiple brokerage reports, Q1 2026.

Its 2.2% asking cap rate is below the Phoenix multifamily market average of about 5.9%, reflecting premium pricing relative to comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in Phoenix?
About 5.9% as of Q1 2026, per multiple brokerage reports.
Is the Phoenix multifamily market tightening or softening?
Vacancy is around 12.1%, with asking rents rising year over year (Q1 2026).

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