36th Place Apartments | 4348 - 4351 North 36th Place, Phoenix, AZ 85018 | 8 Units | $2,550,000 | $318,750 Per Unit | $369.99 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (July 25, 2025) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,550,000 / $318,750 Per Unit / $369.99 Per SF sale of 36th Place Apartments, an 8-unit multifamily apartment community located in Phoenix, Arizona. The Buyer was represented by ABI Multifamily's John Klocek, Patrick Burch, Tom Palestina, Bryce Neagle, and Andrew Arambula.
The Buyer is based in California and the Seller is based in Arizona.
Built in 1961, the 36th Place Apartments is a boutique multifamily community consisting of eight units across two buildings with classic pitched roofs. Situated on approximately 0.55 acres across two parcels, the property offers a desirable unit mix of four one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units, with a weighted average of approximately 862 square feet.
Each residence has been thoughtfully upgraded with modern features, including premium flooring, contemporary cabinetry and countertops, stainless steel appliances, and in-unit washers and dryers. Residents also enjoy enhanced privacy and comfort, with private patios or yards, covered parking, and a secluded, lushly landscaped courtyard.
Ideally located in the sought-after Arcadia Lite neighborhood, the property is just under two miles from the prestigious Biltmore area and approximately eight miles northeast of Downtown Phoenix. Its central location provides residents with convenient access to major thoroughfares, including Interstate 10, Loop 202, and State Route 51.
The neighborhood is rich with high-end dining and lifestyle amenities, including renowned restaurants such as Buck & Rider, Steak 44, FLINT by Baltaire, Hillstone, The Henry, as well as the choice restaurants located inside the Global Ambassador Hotel. Everyday conveniences are also within easy reach, with nearby retailers and services such as Walgreens, AJ’s Fine Foods, Fry’s Food and Drug, Target, Costco Wholesale, CVS Pharmacy, and Chase Bank.
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.