Description

We are offering Eugie Terrace, a fully occupied seven-unit multifamily property at 2015 E Eugie Terrace in Phoenix. Priced at $1,275,000, the property combines a six-unit apartment building with a detached single-family residence in the North Mountain submarket.

All seven residences feature two bedrooms and one bathroom. The interiors were renovated in 2025 and include in-unit washers and dryers, updated kitchens and functional living areas. The uniform unit mix supports straightforward leasing and operations, while the detached residence provides an additional housing format within the same investment.

The approximately 5,025-square-foot property was constructed in 1985 on roughly 0.40 acres. Current occupancy is reported at 100%, and average monthly rent is approximately $1,350 per unit. The property is zoned R-3 Residential and is identified as APN 166-10-056A.

The location provides access to State Route 51, Loop 101 and Interstate 17, connecting residents with employment centers across Phoenix, the Camelback Corridor, Scottsdale Airpark and Deer Valley. Retail, dining and services are available along Bell Road, Greenway Road and Cave Creek Road, with Lookout Mountain and Phoenix Mountain Preserve nearby.