Press Release | ABI Multifamily Brokers 5-Unit Multifamily Apartment Community for $1,250,000

Phoenix AZ, Multifamily, Apartments, Investment Sales, Dallin Hammond, Mitchell Drake, Carson Griesemer, Tom Palestina, Andrew Arambula, Bryce Neagle, 1155 East Diamond Street

1155 East Diamond Street | 1155 East Diamond Street, Phoenix, AZ 85006 | 5 Units | $1,250,000 | $250,000 Per Unit | $490.20 Per SF


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ABI Multifamily Brokers 5-Unit Central Phoenix Multifamily Apartment Community for $1,250,000

Phoenix, AZ. (January 22, 2024) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $1,250,000 / $250,000 Per Unit / $490.20 Per SF sale of 1155 East Diamond Street, a 5-unit multifamily apartment community located in Phoenix, Arizona. ABI Multifamily's Dallin Hammond, Mitchell Drake, Carson Griesemer, Tom Palestina, Andrew Arambula, and Bryce Neagle represented the seller in this transaction.

The buyer and seller are based in Arizona.

Built in 1936 and extensively renovated in 2023, 1155 East Diamond Street is a five-unit, garden-style apartment community featuring (3) one-bedroom / one-bathroom & (2) two-bedroom / one-bathroom units with an average size of 510 SF. Updates to the property include vinyl plank flooring, modern doors, matte black contemporary cabinets, designer backsplash, quartz countertops, bronze hardware and plumbing fixtures, stainless steel appliance package, tile showers, and updated electrical and plumbing. The apartments feature private, landscaped yards and full-size stackable washer and dryer. Exterior improvements include new roofs, dual pane windows, new walls and gates, and smooth stucco. The property has been fully landscaped with modern pavers, artificial turf, lush plants, a new drip system, and landscape lighting.

1155 East Diamond Street is located on Roosevelt Street in the heart of Downtown Phoenix’s popular Garfield District. It is walking distance to Roosevelt Row, Phoenix’s walkable arts district with dozens of restaurants, bars, boutique shops, and art galleries in a landscape dotted by colorful street art. It is approximately a half mile to the I-10 Freeway which allows quick and easy access to all parts of the valley. 1155 East Diamond Street is also minutes away from the Footprint Center (home of the Phoenix Suns), Chase Field (home of the Arizona Diamondbacks), as well as the Arizona State University Downtown Campus.

ABI Multifamily ( 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.