18202 Cave Creek Road 5 units, Phoenix, AZ 85032, Phoenix AZ 85032
5-UNIT VALUE-ADD INVESTMENT OPPORTUNITY | $625,000 | Approx. $125,000 Per Unit Small portfolio. Big opportunity.Terrace, offering investors an opportunity to acquire a manageable workforce housing portfolio with future flexibility. Each residence is a 1-bedroom plus den / 1-bath floor plan (the den functions as a bedroom but does not have a window) and includes its own washer and dryer. Priced at $625,000--approximately $125,000 per unit--this portfolio is well suited for investors looking to expand an existing rental portfolio or establish a meaningful presence in the Phoenix workforce housi
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Phoenix
This property is grouped with the current five-or-more-bedroom homes in Phoenix. Its asking price falls near the 32nd percentile of that active group. The comparison uses 698 active or publicly marketable listings from the same local MLS source, filtered to the same bedroom group rather than mixing every home size together.
The property has been tracked for 0 days, while the current cohort averages 0 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $75,000, and the median is $93 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 18202 N CAVE CREEK Road 113, Phoenix, AZ 85032 | Aug 28, 2026 | 3 bd · 836 sqft | $115,000 | 0.0 mi |
| 18250 N CAVE CREEK Road 190, Phoenix, AZ 85032 | Jul 2, 2026 | 2 bd · 1,440 sqft | $295,000 | 0.1 mi |
| 18250 N CAVE CREEK Road 161, Phoenix, AZ 85032 | Jun 8, 2026 | 2 bd · 1,440 sqft | $305,000 | 0.1 mi |
| 18026 N CAVE CREEK Road 63, Phoenix, AZ 85032 | Jul 21, 2026 | 2 bd · 1,120 sqft | $35,000 | 0.1 mi |
| 18026 N Cave Creek Road 69, Phoenix, AZ 85032 | Sep 11, 2026 | 2 bd · 1,056 sqft | $23,000 | 0.1 mi |
| 18026 N Cave Creek Road 1, Phoenix, AZ 85032 | Jul 27, 2026 | 1 bd · 728 sqft | $35,000 | 0.1 mi |
| 18026 N Cave Creek Road 125, Phoenix, AZ 85032 | May 19, 2026 | 2 bd · 960 sqft | $35,000 | 0.1 mi |
| 2418 E VILLA MARIA Drive, Phoenix, AZ 85032 | Jun 23, 2026 | 3 bd · 1,433 sqft | $380,000 | 0.1 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $625,000 · Active
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