2016 W Orangewood Avenue, Phoenix, AZ 85021

$4,550,000
Property Type: Multiple Dwellings Status: Active
Current Price: $4,550,000 Last Modified: 8/28/2025

Description

Centrally located East of the I-17 Freeway immediately north of Central Phoenix's largest major employment corridor is Macallister, a 24-unit apartment community, just north of the Glendale Avenue and 19th Avenue intersection, surrounded by the growing lifestyle opportunities of a gentrifying area and the natural beauty of the North Mountain Preserve.

Supplements: The adjacent city-endorsed North Mountain Redevelopment Area, a defined area within the Phoenix MSA currently undergoing transformative gentrification efforts, provides assistance to residents and business owners in taking advantage of funding mechanisms designed to improve the region through advancement of underutilized properties, expanded infrastructure, and the creation of additional employment opportunities with current capital investment of $179M, and lead by a revitalization of the iconic Metrocenter Mall. Ample employment opportunities are found through the nearby I-17 Employment Corridor, boasting more than 43,000 employees across ±1,200 businesses, featuring employers such as BlueCross BlueShield, Wells Fargo, Waste Management. Developed in 2018, Macallister is comprised of 12 studios (50%), 8 one-bedroom (33%), and 4 two-bedroom (17%) floorplans, offering an average of 700 square feet. All units feature attractive amenities including 9-foot ceilings, balconies/patios (select units), in-suite washer/dryers, stainless steel appliances, and granite countertops.

More Information MLS# 6911601

Contract Info

Current Price: $4,550,000 List Price: $4,550,000 Status: Active List Date: 2025-08-27 Ownership: Fee Simple

Location Tax Legal

House Number: 2016 Compass: W Street Name: Orangewood St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85021 County Code: Maricopa Assessor Number: 157-19-140 Tax Year: 2025

General Property Description

Lot Size Dimensions: 0.78 Year Built: 2018 Uncvrd Parking Spcs: 8 Total # of Units: 24 # of Buildings: 2 Zoning: R-5

Remarks Misc

Geo Lat: 33.546507 Geo Lon: -112.102594

Legal Info

Lot Number: 1

Income Expenses

Gross Annual Sch Inc: 330388 Net Operating Income: 213896

Showing Notification Methods

Showing Service: Aligned Showings

Efficiency Units

# Efficiency Units: 12 Avg Rent: 989 Avg SqFt: 560 # Baths: 12

1 Bedroom Units

# 1 Bedroom Units: 8 Avg Rent: 1196 Avg SqFt: 734 # Baths: 8

2 Bedroom Units

# 2 Bedroom Units: 4 Avg Rent: 1525 Avg SqFt: 7050 # Baths: 8

Property Features

Project Type: 13 - 24 Units Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Tile Floors: Vinyl; Carpet Sale Includes: Land & Building Community Features: Pool Exterior Amenities: Green Landscaping; Desert Landscaping Interior Amenities: Unfurnished Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Microwave; Washer/Dryer Heating: Individual Cooling: Individual Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: >1 Space Per Unit Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner Showing Notification Methods: Text Lockbox Type: None New Financing: Cash; Conventional; 1031 Exchange Environmental: None
Listing Office: Marcus & Millichap
Last Updated: August - 28 - 2025
2016 W Orangewood Avenue, Phoenix, AZ 85021- MLS# 6911601
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