Grandview Condominiums | 3027, 3033, 3039, 3045 East Grandview Road, Phoenix, AZ 85032 | 16 Units | Built 1984 | $2,600,000 | $162,500 Per Unit | $178.57 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (November 3, 2026) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,600,000 / $162,500 Per Unit / $178.57 Per SF sale of Grandview Condominiums, a 16-unit multifamily apartment community located in Phoenix, Arizona. ABI Multifamily's Andrew Arambula and Bryce Neagle represented the Seller in this transaction.
The Buyer and Seller are based in Arizona.
Built in 1984, Grandview Condominiums is situated in the desirable North Phoenix submarket and consists of four single-level, garden-style buildings. The fully condo-mapped property is comprised of sixteen spacious two-bedroom, one-bathroom units of approximately 900 square feet each, with every unit on its own individual tax parcel, a feature that provided the Buyer with both immediate rental income and long-term exit flexibility, including the potential for future individual condo sales. Units feature functional, modern layouts with full-size appliances, in-unit washer and dryer hookups, large picture windows, covered entries, and private fenced patios, amenities that appeal to today’s renters and support long-term resident retention.
The community’s low-density design is complemented by mature landscaping, 24 covered parking spaces, and a quiet, residential setting. The buildings feature pitched composition roofs, copper plumbing, individual electric metering, and recently installed sewer clean-outs, improvements that enhance operational efficiency and reduce long-term maintenance needs. Located on a quiet residential street near 32nd Street and Bell Road, the property offers convenient access to major retail, dining, and employment centers, as well as excellent freeway connectivity via State Route 51 and Loop 101. The location continues to support a diverse and stable tenant base and strong rental demand in this established pocket of North Phoenix.
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.