8927 N 10th Street | Phoenix, AZ 85020
New Construction Fourplex | Four 2-Bedroom, 2-Bathroom Residences
This newly constructed fourplex at 8927 N 10th Street in Phoenix features four modern two-bedroom, two-bathroom residences, each approximately 850 square feet. Contemporary finishes include quartz countertops, new cabinetry, dual-pane windows and stainless-steel appliances, with a microwave and dishwasher in each unit. Each residence also includes a stackable washer and dryer. The property features a new asphalt parking lot and desert landscaping.
Construction status: The offering materials describe construction as nearing completion with the Certificate of Occupancy pending. Contact Linda Gerchick, CCIM, for the latest completion and approval status.
Information is believed reliable but is not guaranteed. Buyer must independently verify property information, dimensions, zoning, permitted uses, approvals, utilities and Certificate of Occupancy status. Offering is subject to prior sale, withdrawal or modification without notice.
Explore 8927 N 10th Street through the available property photographs while the virtual tour is being prepared. Contact Linda Gerchick, CCIM, for additional information or to arrange a showing.
VIRTUAL TOUR COMING SOON
Situated in Phoenix’s established Sunnyslope neighborhood, the area surrounding 8927 N 10th Street combines convenient access to employment, everyday services, neighborhood dining, and desert recreation. Its North Central Phoenix setting places residents near the 7th Street and Dunlap Avenue corridors, with connections to State Route 51, Interstate 17, Downtown Phoenix, and the Camelback Corridor.
HonorHealth John C. Lincoln Medical Center is a significant nearby healthcare and employment anchor. Located on East Dunlap Avenue, the hospital provides emergency care, surgical services, specialty treatment, and outpatient services. The surrounding medical offices and healthcare practices add employment opportunities across clinical, administrative, and support positions. The broader North Central Phoenix employment base also includes Blue Cross Blue Shield of Arizona, along with retail, banking, and professional-service businesses.
Daily necessities are conveniently located within the surrounding neighborhood. Fry’s Food Stores on East Hatcher Road offers groceries, pharmacy services, and a nearby fuel center, while Wells Fargo at 7th Street and Dunlap provides banking services. Local dining includes Little Miss BBQ’s Sunnyslope location on North 7th Street, part of the acclaimed Phoenix barbecue business recognized by Phoenix New Times for its standout barbecue. These established businesses contribute both convenience and neighborhood character.
Recreation is another appealing feature of the location. Sunnyslope Park and Community Center offer neighborhood gathering spaces, fitness facilities, sports, and organized activities. The nearby North Mountain area and Phoenix Mountains Preserve provide desert scenery and hiking opportunities, bringing outdoor recreation within reach of an established urban neighborhood.
Transportation options extend beyond the surrounding road network. The Sunnyslope Transit Center on North 3rd Street provides a nearby public-transit resource, complementing bus service along the area’s principal corridors. This combination gives residents options for reaching employment, shopping, and services throughout Phoenix.
For multifamily investors, the location offers a practical combination of nearby employment, established services, transportation choices, and recreational amenities. These characteristics can appeal to renters who value everyday convenience and access to central Phoenix destinations, providing a clear location-based rationale when evaluating the area’s long-term rental potential.
Offering Price
Total Units
Unit Mix
Approx. Size per Unit
Price per Unit
Projected Monthly Rent
Projected Annual Scheduled Rent
Projected Annual Operating Expenses
Projected Annual NOI
Projected Cap Rate
Download the Offering Memorandum and One-Page Flyer for 8927 N 10th Street to review property details, photographs and the illustrative pro forma.
The projections shown above assume four units at $2,000 per month, producing $96,000 in annual scheduled rent. Listed annual expenses total $16,880: management $7,680 (8% of scheduled rent), insurance $2,800, water/sewer/trash $2,500, estimated property taxes $2,900 and maintenance $1,000.
These assumptions produce projected annual NOI of $79,120 and a projected cap rate of 5.65% at the $1,400,000 asking price. These are illustrative projections, not historical operating results or guaranteed returns.
The projections exclude vacancy, lease-up costs and unlisted expenses. Owner-paid landscaping is not included because no cost was supplied. Property taxes are estimates and may change upon completion or reassessment. Projected rents are ownership/property-management estimates, not signed lease commitments. Buyers should verify all assumptions and prepare their own underwriting.
Contact Linda Gerchick, CCIM, with questions, to discuss the financial assumptions or to arrange a showing.
Review the available property documents below. Contact Linda Gerchick, CCIM, regarding additional due diligence materials.
Projected Rent Roll — September 30, 2026
Browse photographs of 8927 N 10th Street for a closer look at the residences, finishes and exterior. Contact Linda Gerchick, CCIM, for additional information or to arrange a showing.
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