Denton West — Sale in Phoenix, AZ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Phoenix, AZ 85015

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Investment Figures

Cap rate
5.23%

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

Strategically positioned adjacent to the affluent Uptown Phoenix submarket, Denton West presents an opportunity to acquire a 1980s-vintage multifamily community with substantial value-add potential in an established Central Phoenix location. Adjacent to million-dollar residential neighborhoods and conveniently located near Uptown’s expanding collection of modernized restaurants, boutique retail, and entertainment destinations, the Property offers investors the opportunity to capitalize on its desirable location through a comprehensive interior and exterior renovation program. One of Denton West’s most compelling attributes is its strategic location between two significant employment and educational anchors, with the Innovation Employment Corridor to the east and Grand Canyon University to the west, each less than 2.5 miles from the Property. The nearby Central Phoenix employment corridor benefits from a concentration of healthcare, financial services, technology, and professional services employers, including Banner Health, Dignity Health, and U-Haul. These institutions contribute to a substantial employment base, providing access to jobs across a diverse range of industries and supporting the surrounding multifamily market. To the west, Grand Canyon University serves as another significant economic and educational anchor, contributing to the surrounding area’s demand for rental housing through its student population, faculty, and university employees. Denton West’s location between these two employment and educational centers provides access to multiple sources of potential rental demand rather than reliance on a single employment sector. Additionally, the Property is situated less than half a mile from an elementary school and offers convenient access to the established residential neighborhoods, shopping, dining, and everyday amenities of Uptown Phoenix. With significant potential to modernize the existing community through upgrading interiors, exteriors, and add

Market Context

This multifamily in Phoenix, AZ is listed for sale. It is offered at an approximate 5.2% 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 5.2% 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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