8954 W Monroe St, Peoria, AZ 85345

Multifamily · Peoria · Phoenix metro, AZ

One of 72 reachable multifamily buildings in Peoria. Larger than 30% of multifamily buildings in Peoria (median 122,132 SF), derived from assessor records.

County gross building area
12,440 SF, Maricopa County Assessor
Lot size
34,801 SF, Maricopa County Assessor
Year built
1982, Maricopa County Assessor
Stories
2, Maricopa County Assessor
Buildings on parcel
4, Maricopa County Assessor
Predominant use
Apartments 25 - 99 Units 2 Story, Maricopa County Assessor
Units
20, Maricopa County Assessor
Assessed value
$2,676,600, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$215.16/SF, derived from assessor records
Building area / lot
0.36, derived from assessor records
Vintage
1980s vintage
County use code
APARTMENTS 25 - 99 UNITS 2 STORY

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

Want to talk to the owner? makeme1031 delivers a private letter directly to the owner of record. We never publish the owner's identity or address.

Own this building?

Claim privately

Claiming is for you. Your mailing address is never shown; no offer reaches you unless you opt in.

Claimed owners can confirm facts, watch the estimate, and decide whether to reply.

Received a letter about this building? It came from a real buyer through makeme1031; claiming is how you reply privately, on your terms.

Claimed owners also get Portfolio Pulse: a monthly email tracking this building's value.

Claim or manage this building

Sale history and market context

MakeMe Estimate: $3.38M (estimated market value), with a likely range of $2.7M to $4.01M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $2,676,600 times a 1.26 market ratio, measured from 3891 verified arm's-length sale prices vs county values (multifamily sales across the county, through 2026-06-29). Not an appraisal. How this estimate works. About $169K per unit at the midpoint (20 units).

lower confidence: parcel-level comparable support is thin; treat the estimate as a starting point.

Last sold: 2019-10-01 for $1,575,000 (recorded arm's-length sale).

Current ownership dates to 2019 (about 7 years) per recorded transfers.

Source: Maricopa County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

$0$2M$4M$6M20262027$3.38M$2.68MCounty assessed valueMakeMe Estimate range

Dark line: county assessed value per Maricopa County tax rolls. Blue line: our estimate; dashed years are a modeled backcast built from recorded arm's-length sales in the building's segment, not estimates published at the time, and years without enough sales stay unmodeled. The shaded range is the model's measured error band; about half of verified sales in the segment land inside it. Diamonds: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $2,542,000 (2026) to $2,676,600 (2027), up 5% over 1 years, per county tax rolls. The 2027 roll splits $2,676,600 into $535,300 land and $2,141,300 improvements.