Brian Young PLLC
DPR Realty LLC
Phone: 602-405-3949 Direct
Phone: 480-990-SOLD (7653)
8341 E Gelding Drive, Scottsdale, AZ 85260
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MLS# 7030825 – 3611 N 5th Avenue, Phoenix, AZ 85013

$3,400,000 - 36Br/Ba - for Sale in Park North, Phoenix
Price: $3,400,000
Units: 12
Status: Active
Year Built: 1961
Neighborhood: Park North
Days on Website: 108

Courtesy of Matthews Real Estate Investment Services

Property Description

Melrose on 5th is a 12-unit multifamily community located in the highly sought after Melrose District. Originally built in 1961, the asset went through extensive repositioning in 2016 and features a rare mix of (12) 3-bedroom, 2-bathroom floor plans measuring approximately 1,200 square feet each. Unit interiors are all upgraded and feature washer/dryers, fully equipped kitchens with dishwashers and built-in microwaves, stainless steel appliances, faux vinyl wood flooring, and modernized bathrooms. Exterior amenities include gated access entry ways, charcoal barbeque grills, resort-style swimming pool, covered parking, and low maintenance desert landscaping. Great opportunity opportunity to acquire a well-maintained, renovated asset within one of Phoenix’s strongest urban infill corridors.

Open House

Property Details and Features

  • Property Access
  • Road Surface: Asphalt
  • Appliances & Equipment
  • Built-In Range
  • Disposal
  • Dishwasher
  • Refrigerator
  • Microwave
  • Washer/Dryer
  • Bathrooms
  • 288 total bathrooms
  • Bedrooms
  • 36 total bedrooms
  • Building
  • Built in 1961
  • 1 building
  • Construction Materials: Block
  • Community
  • Barbecue
  • Pool
  • Cooling
  • Electric
  • Individual
  • Disclosures
  • None
  • Expenses
  • Electric: $3,243
  • Fuel: $3,754
  • Gardener: $5,130
  • Insurance: $6,000
  • Maintenance: $1,809
  • Operating: $62,075
  • Trash: $2,375
  • Water/Sewer: $10,102
  • Floors
  • Vinyl
  • Heating
  • Individual
  • Electric
  • Income
  • Gross Income: $237,246
  • Gross ScheduledIncome: $225,094
  • Net Operating Income: $178,903
  • Listing
  • Listing ID: 7030825
  • Standard Status: Active
  • MLS Status: Active
  • 107 days on market
  • Location
  • Subdivision: PARK NORTH
  • County/Parish: Maricopa
  • Lot
  • Dimensions: .40
  • Owner Pays
  • Pool Maintenance
  • Gas
  • Trash Collection
  • Water
  • Sewer
  • Landscaping
  • Parking
  • 9 covered spaces
  • 1 open parking spaces
  • 10 total parking spaces
  • <1 Space Per Unit
  • Roof
  • Built-Up
  • Schools
  • Elementary School District: Osborn Elementary District
  • High School District: Phoenix Union High School District
  • Sewer
  • Public Sewer
  • Taxes
  • Additional parcels description:
  • Parcel Number: 118-29-005-D
  • Public Survey Range: 3E
  • Public Survey Section: 29
  • Annual Amount: $8,433
  • Tax Book Number: 118.00
  • Legal Description: PARK NORTH S 98.20' OF N 766.40' OF TR E
  • Parcel Letter: D
  • Year: 2025
  • Zoning: R-4
  • Utilities
  • Water Source: Master Meter
  • Individual Meter

Property Map

$3,400,000 - 3611 N 5th Avenue, Phoenix, AZ 85013

Street View

Nearby Schools

Similar Properties Nearby

This content last updated on September 5, 2026 12:43AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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