




2559 E Corona Ave, Phoenix, AZ, 85040
About This Home
Rare Phoenix Multi-Family Investment Portfolio Package Price: $2,980,000 Four adjacent multi-family buildings located at 2549, 2551, 2557 & 2559 E Corona Ave, Phoenix, AZ 85040. THIS IS A PORTFOLIO SALE. All four properties are being offered together as one investment package and will not be sold separately. The equivalent purchase price is approximately $745,000 per building. Located in the rapidly expanding Phoenix Airport Economic Corridor, this exceptional investment portfolio consists of four freestanding residential buildings totaling twelve rental units situated on approximately 30,024 square feet of land with approximately 9,180 square feet of building area. All twelve units feature efficient two-bedroom, one-bathroom floor plans that continue to experience strong rental demand in one of Phoenix's fastest-growing employment corridors. The property is ideally positioned near Phoenix Sky Harbor International Airport, Interstate 10, Downtown Phoenix, Arizona State University, major distribution centers, manufacturing facilities, and numerous logistics employers. Continued population growth, expanding employment opportunities, and ongoing infrastructure investment continue to support strong occupancy, increasing rental demand, and long-term property appreciation throughout the area. Each unit includes a refrigerator, gas range, range hood, gas water heater, and washer connections. Separate electric and gas meters allow tenants to pay their own utilities, helping reduce operating expenses while improving overall management efficiency. The property also provides perimeter fencing and dedicated parking with two parking spaces assigned to each unit. This investment offers the unique combination of stable rental income and significant long-term land value. Investors benefit from immediate cash flow while also owning a sizeable land parcel with future redevelopment potential in one of the most active growth markets in Arizona. As available development sites continue to become increasingly limited, well-located multifamily properties with substantial land holdings are expected to remain highly desirable. Whether you are seeking long-term cash flow, portfolio expansion, a 1031 Exchange investment, or future redevelopment opportunities, this rare portfolio provides multiple avenues for value creation and long-term appreciation. Investment Highlights: Four Freestanding Buildings, Twelve Residential Rental Units, Portfolio Sale Only, Total Purchase Price of $2,980,000, Approximately $745,000 Per Building, Prime Phoenix Airport Location, Strong Rental Demand, Stable Income-Producing Asset, Future Redevelopment Potential, Excellent Opportunity for 1031 Exchange Investors. Showings are by appointment only. Please do not disturb tenants or enter the property without prior authorization.
Getting Around
Schools
Construction
Condition
- Year built: 1963
Materials
- Roof: Built-up
- Construction materials: concrete
Type & Style
- Home type: MultiFamily
Interior
Appliances
- Appliances included: Range / Oven,Refrigerator
Basement
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Tile
Heating
- Heating features: Heat pump
Interior Area
- Total interior livable area: 2,250 sqft
Property
Details
- Parcel number: 12257040A
Features
- Exterior features: Stucco
Lot
- Lot size: 7,343 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Inland Flooding
- Hail
How This Home’s Risks Compare
FEMA Declared Disasters in Maricopa County and Arizona
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,767 | $45,204 |
| Home Insurance | $259 | $3,108 |
| Property Taxes | $860 | $10,320 |
| Electricity | $238 | $2,859 |
| Total | $5,124 | $61,488 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-02 | Listed for sale | $745,000 |
