2234 W HAZELWOOD Street, Phoenix AZ 85015
$3,300,000
Brokerage: Ivy Realty(623) 299-4954
1 / 22Home facts
- Price
- $3,300,000
- Status
- Active
- Beds
- 40
- Baths
- 24
- Year built
- 1985
- Type
- F
- Pool
- No
- Water
- City Franchise
- Sewer
- Sewer - Public
- Subdivision
- ROWLETT MANOR LOT 1
- MLS #
- 6955610
Listed by ABI Multifamily · 602-714-1400
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
Hazelwood Apartments is a 24-unit garden-style community built in 1985 in Central Phoenix, featuring (8) one-bedroom and (16) two-bedroom units, all individually metered for electricity. Amenities include on-site laundry and 34 parking spaces. Twenty-five percent of the units are subject to a HUD LURA through 2030, requiring income-qualified tenants and restricted rents, while the remaining units operate at market rates. Located near the light rail corridor, GCU, and major employment centers, the property benefits from infill development and strong rental demand. Light value-add potential exists through interior upgrades, enhanced curb appeal, and modernization of common areas, supporting long-term stability and operational upside.
Features
Roof
Composition
Sewer
Sewer - Public
Cooling
Central Air, Electric
Heating
Electric
Electric
Other (See Remarks)
Flooring
Tile, Laminate
WaterSource
City Franchise
ParkingFeatures
>1 Space Per Unit
CommunityFeatures
Other
ConstructionMaterials
Steel Frame, Wood Frame, Stucco
Map
Price and status history
| Date | Change | From → To |
|---|---|---|
| Feb 13, 2026 | Price | $3,600,000 → $3,300,000 |
Nearby sales
Closed within about ¾ mile in the last 6 months (ARMLS).
| Address | Sold | Price | Beds/Baths | Sq ft | Listing brokerage |
|---|---|---|---|---|---|
| 4416 N 22ND Drive | Sep 28, 2026 | $438,000 | 4/3 | 2,191 | Epique Realty |
| 4701 N 26TH Lane | Sep 21, 2026 | $170,000 | 2/2 | 1,088 | OfferPad Brokerage, LLC |
| 4502 N 17th Drive | Sep 13, 2026 | $470,500 | 4/2 | 1,538 | The Brokery |
| 2046 W HAZELWOOD Parkway | Aug 27, 2026 | $285,000 | 3/3 | 1,608 | Citiea |
| 2544 W CAMPBELL Avenue 43 | Aug 24, 2026 | $250,000 | 3/2 | 1,332 | Berkshire Hathaway HomeServices Arizona Properties |
| 2132 W Glenrosa Avenue 81D | Aug 20, 2026 | $139,000 | 2/1 | 992 | eXp Realty |
Source: ARMLS IDX via Ivy Realty, updated Oct 2, 4:33 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).