4202 - 4218 North 3rd Avenue | 4202 - 4218 North 3rd Avenue, Phoenix, AZ 85013 | 8 Units | Built 1950 | Renovated 2016 | $2,475,000 | $309,375 Per Unit | $343.75 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (December 8, 2025) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,475,000 / $309,375 Per Unit / $343.75 Per SF sale of 4202 - 4218 North 3rd Avenue, an 8-unit multifamily apartment community located in Phoenix, Arizona. The Buyer was represented by ABI Multifamily's Andrew Arambula, Bryce Neagle, and Tom Palestina. ABI Multifamily's Dallin Hammond, Mitchell Drake, and Carson Griesemer represented the Seller in this transaction.
The buyer is based in California and the seller is based in Canada.
Built in 1950 and fully renovated in 2016, the community consists of eight (8) 2-bed / 1-bath units, averaging 900 SF. Renovations include exposed brick and ceilings, a European minimalist-style kitchen, updated electrical and plumbing systems, and in-unit washers and dryers. Each residence also features large private patios with secure entry gates. The property is individually metered for electricity and water, presenting an attractive operational advantage for new ownership.
Located in the heart of North Central Phoenix, the property offers residents a unique combination of urban convenience and neighborhood charm. The area is known for its walkable streets, local restaurants, boutique shopping, and cultural attractions. Residents can easily access the vibrant Melrose District and popular dining destinations such as Lux Central, Pane Bianco, George & Dragon, and Clever Koi. Additionally, North Central Phoenix provides excellent connectivity to major employment centers, entertainment hubs, and outdoor recreational opportunities, making it one of the most desirable neighborhoods for renters seeking both lifestyle and convenience in the Phoenix metro area.
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.