925 McKinley Apartments — Sale in Phoenix, AZ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Phoenix, AZ 85006

Photos

925 McKinley Apartments — Sale in Phoenix, AZ, photo 1 of 2
925 McKinley Apartments — Sale in Phoenix, AZ, photo 2 of 2

Investment Figures

Cap rate
5.14%

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

Located in the highly sought-after Garfield Historic District near Downtown Phoenix, 925 East McKinley Street offers investors the opportunity to acquire a well-positioned multifamily asset within one of the Valley’s most rapidly evolving urban neighborhoods. The property benefits from close proximity to Roosevelt Row, Arizona State University Downtown Campus, Banner University Medical Center, and Downtown Phoenix’s expanding employment, dining, and entertainment corridors. The asset is strategically situated within an established infill location offering excellent accessibility throughout the Phoenix MSA via Interstate 10, Loop 202, SR-51, and the Valley Metro Light Rail system. Continued public and private investment throughout Downtown Phoenix has fueled strong rental demand from young professionals, students, and healthcare employees seeking an urban, walkable lifestyle with convenient access to major employment centers. 925 East McKinley Street presents investors with the opportunity to acquire a centrally located asset supported by durable tenant demand, strong neighborhood fundamentals, and long-term appreciation potential in one of Phoenix’s most dynamic and supply-constrained urban submarkets. Investment Highlights: • Approximately 7% mark-to-market opportunity remains, providing investors a clear path to increase revenue and cash flow. • Recent improvements include upgraded interiors, modern finishes, secure gated parking, new paint, and enhanced outdoor amenities. • Located in the Garfield Historic District, offering walkable access to Downtown Phoenix employment, dining, entertainment, and transit corridors.

Market Context

This multifamily in Phoenix, AZ is listed for sale. It is offered at an approximate 5.1% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Phoenix, 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 5.1% 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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