3611 N 5TH Avenue, Phoenix, AZ 85013, Phoenix AZ 85013
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 swimmi
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 90th percentile of that active group. The comparison uses 693 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 $284,500, and the median is $293 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 |
|---|---|---|---|---|
| 3655 N 5TH Avenue 115, Phoenix, AZ 85013 | May 5, 2026 | 2 bd · 1,298 sqft | $284,000 | 0.1 mi |
| 3655 N 5TH Avenue 103, Phoenix, AZ 85013 | Aug 20, 2026 | 2 bd · 1,376 sqft | $300,000 | 0.1 mi |
| 3633 N 3RD Avenue 2084, Phoenix, AZ 85013 | Aug 25, 2026 | 2 bd · 939 sqft | $285,000 | 0.2 mi |
| 500 W Clarendon Avenue A4, Phoenix, AZ 85013 | Sep 10, 2026 | 3 bd · 1,580 sqft | $290,000 | 0.2 mi |
| 3633 N 3RD Avenue 1059, Phoenix, AZ 85013 | Jun 12, 2026 | 1 bd · 741 sqft | $241,000 | 0.2 mi |
| 3633 N 3rd Avenue 2060, Phoenix, AZ 85013 | May 28, 2026 | 2 bd · 1,012 sqft | $300,000 | 0.2 mi |
| 3633 N 3RD Avenue 2037, Phoenix, AZ 85013 | Aug 12, 2026 | 2 bd · 938 sqft | $275,000 | 0.2 mi |
| 3633 N 3RD Avenue 1043, Phoenix, AZ 85013 | Apr 3, 2026 | 1 bd · 741 sqft | $217,300 | 0.2 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.
- $3,400,000 · Active
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