Step into a premier multifamily investment in the fast-growing city of Avondale, Arizona. This 13-unit complex has undergone nearly $1,000,000 in renovations, offering a rare blend of stability, modern upgrades, and location-driven upside.
📍 Property Highlights:
13 Total Units: Fully occupied with strong in-place income
Major Capital Improvements: Nearly $1M in renovations including interiors, exteriors, systems, and finishes
Dishwashers in Every Unit: A standout amenity that enhances rental appeal
Stabilized and Turnkey: Minimal deferred maintenance with all units leased
Strategic West Valley Location: Minutes from I-10, top employers, shopping, and entertainment
High Rental Demand: Avondale continues to experience rapid population and economic growth Investor-Friendly Market: Surrounded by infrastructure projects and booming development
Buyer to Verify All Facts and Figures During Due Diligence
Avondale, Arizona, is a rapidly expanding city in the Phoenix metropolitan area, offering strategic advantages for businesses and residents alike.
=Population Growth & Demographics
Avondale's population reached 96,196 in 2025, reflecting a 7.4% increase since 2020 and an annual growth rate of 1.4%. Projections estimate the population will grow to approximately 97,555 by the end of 2027This growth is fueled by the city's family-friendly environment, with 27.4% of residents under 18 years of age.
=Transportation & Freeway Access
Avondale boasts excellent connectivity through major transportation route:
- Interstate 10 (I-10) This major east-west corridor runs through Avondale, linking it to downtown Phoenix and other key areas
- Loop 101 (Agua Fria Freeway) Intersecting with I-10 near Avondale, it provides access to northern Phoenix
- State Route 30 (Tres Rios Freeway)** A planned freeway aimed at alleviating I-10 congestion, with construction of the central segment expected to begin soon
Recent infrastructure improvements, such as the Fairway Drive interchange, have enhanced local traffic flow and accessibility
â Major Employers & Economic Landscape
Avondale's economy is diverse, with key sectors including:
- Education & Health Services: Employing 19.9% of the workforce, with institutions like Estrella Mountain Community College playing a significant role.
- Retail Trade: Accounting for 13.9% of employment, supported by various local and national retailers.
- Professional & Administrative Services: Comprising 10.9% of jobs, reflecting a growing business services.
Notable employers include the City of Avondale, Stotz Equipment, and Starbucks.
Business & Lifestyle Advantages
Avondale offers a pro-business environment with benefits such as:
- Strategic Location: Proximity to major freeways facilitates commerce and commuting.
- Skilled Workforce: Access to a growing labor pool within the Greater Phoenix area.
- Quality of Life: A family-oriented community with amenities and services that support a high standard of living.
These factors make Avondale an attractive destination for businesses and families seeking growth opportunities in the Southwest.
For sale
$3,690,000
306 E Kinderman Dr, Avondale, AZ 85323
23beds
13baths
8,637sqft
Est.:
Multi Family
Built in 1969
-- sqft lot
$-- Zestimate®
$427/sqft
$-- HOA
What's special
Dishwashers in every unit
- 19 days
- on Zillow |
- 324 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: May 05, 2025 at 03:32pm
Listed by:
Linda S Gerchick 602-688-9279,
Gerchick Real Estate
Source: ARMLS,MLS#: 6852900


Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 23
- Bathrooms: 13
Heating
- Individual, Heat Pump
Cooling
- Ceiling Fan(s), Heat Pump, Individual
Appliances
- Included: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave
- Laundry: W/D Hookup
Features
- Flooring: Ceramic Tile, Vinyl
Interior area
- Total structure area: 8,637
- Total interior livable area: 8,637 sqft
Video & virtual tour
Property
Parking
- Total spaces: 24
- Parking features: Paved, Free, >1 Space Per Unit
- Uncovered spaces: 24
Details
- Parcel number: 50017161
- Zoning: R-3,R-4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Painted, Stucco, Stone, Block
- Roof: Composition
Condition
- Year built: 1969
Utilities & green energy
- Electric: APS, Individual Meter
- Sewer: Sewer-In & Connected, Public Sewer
- Water: Master Meter, City Franchise
- Utilities for property: Sewer Connected
Community & HOA
Community
- Features: See Remarks, No Pool
Location
- Region: Avondale
Financial & listing details
- Price per square foot: $427/sqft
- Tax assessed value: $508,500
- Annual tax amount: $2,642
- Date on market: 4/17/2025
- Listing terms: No Carry,Conventional
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
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