Sanctuary on 22nd rises as a premier multifamily community in North Phoenix, offering residents a retreat from the city's pace within a lushly landscaped, resort-style environment. Located at 8530 North 22nd Avenue in Phoenix, Arizona, the property sits within a federally designated Opportunity Zone — a distinction that adds significant appeal for investors seeking tax-advantaged real estate.
​With 266 units spread across a generous 10.13-acre lot, Sanctuary on 22nd comprises a diverse mix of studio, one-, two-, and three-bedroom floor plans ranging from 394 to 1,179 square feet. Each unit reflects a thoughtful interior approach — two-tone color schemes, newly updated cabinetry, brushed-nickel hardware, modern kitchens with contemporary backsplashes, luxurious vinyl flooring, and designer lighting that creates an inviting ambiance throughout.
Residents have access to an impressive array of on-site amenities that set Sanctuary on 22nd apart from comparable Phoenix multifamily properties. Two swimming pools with cabanas provide a genuine resort atmosphere, while a newly renovated fitness center, a business center, a dedicated conference room, and a contemporary clubhouse with a coffee bar, fireplace, and social patio round out the community experience. The property was built in 1985, carries a Class B designation, and currently maintains an 87% occupancy rate — a strong indicator of stabilized performance in an active submarket.
Beyond the property's own amenities, its location delivers exceptional regional connectivity. Sanctuary on 22nd offers seamless access to Interstate 17, Highway 51, and the Metro Light Rail, placing residents within easy reach of all corners of Phoenix. Popular nearby destinations include Metro Center Mall, Castles and Coasters, and Christown Spectrum Mall. The site scores a 100 out of 100 for driveability and a 70 out of 100 for bikeability, making it highly convenient for a wide range of lifestyles.
For investors, the property's Opportunity Zone designation opens the door to potential capital gains tax deferral and other federal incentives. Listed at $95,000,000 ($357,143 per unit) on a 10.13-acre lot, Sanctuary on 22nd represents a compelling stabilized acquisition in one of the Southwest's most dynamic multifamily markets.
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