Papago Fairways | 5343 East Taylor Street, Phoenix, AZ 85008 | 51 Units | Built 1989 | $8,600,000 | $168,627 Per Unit | $212.37 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (July 13, 2026) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $8,600,000 / $168,627 Per Unit / $212.37 Per SF sale of Papago Fairways, a 51-unit multifamily assemblage located at 5343 East Taylor Street in Phoenix, Arizona. The Buyer was represented by ABI Multifamily's Dallin Hammond, Mitchell Drake, and Carson Griesemer.
The Buyer is based in California and the Seller is based in Canada.
The sale consists of five parcels totaling 2.11 acres, comprising a 47-unit, three-story apartment building, a 20,000-square-foot parcel of land, a triplex, and a single-family home, for 51 units in total.
Built in 1989, Papago Fairways is a 47-unit apartment community featuring a unit mix of one-bed/one-bath, two-bed/one-bath, and two-bed/two-bath floorplans. The gated community features a swimming pool, spa, elevator, gas barbecue area, assigned covered parking, and an on-site laundry facility. Units include full appliance packages, air conditioning, ceiling fans, and cable-ready connections, with select units offering fireplaces, walk-in closets, private patios, golf course views, and large extra storage. Kitchens are equipped with dishwashers, disposals, ovens, and ranges, and select units feature tile flooring and vaulted ceilings.
Located in the Papago Park area of East Phoenix, just north of the Salt River from Downtown Tempe and the Arizona State University Tempe campus, this property offers a suburban feel near an array of popular attractions, including Papago Park, the Phoenix Zoo, the Desert Botanical Garden, Tempe Town Lake, and the Marquee Theatre. The property is also just minutes from Scottsdale, Tempe, and Phoenix Sky Harbor International Airport.
Situated about ten miles east of Downtown Phoenix, Papago Fairways is within easy commuting distance of numerous major employers, with quick access to Loop 101, Loop 202, and the Valley Metro light rail.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Las Vegas, San Diego, and Tucson, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.