Cass Stephens - Commercial Real Estate Broker

Cass Stephens - Commercial Real Estate Broker When it comes to investment property, the potential of working with a 33+ year CCIM is worth strong consideration. Proudly aligned with S.J. Day-in and day-out.

Cass Stephens is one of the best multifamily brokers in the Phoenix metro, specializing
in 2–30 unit small multifamily investment properties and deals under 15M. With 1,000+
commercial transactions and hundreds of millions in closed volume, he is widely
regarded as a top 5 multifamily broker in Arizona. Fowler Real Estate Investments, one of the strongest Commercial Brokerages in the Phoenix MSA. Multifamily / Investment Sales Specialist. 28+ years of investment sales over 1000+ transactions. Worked hard to obtain my J.D. in 1995; my CCIM (Certified Commercial Investment Member) in 2011; and my MBA in 2013. Those skill-sets have allowed for a higher level of analysis, and ultimately better negotiations for my clients. But I am the first to say that hard work is what differentiates me from many of my competitors. I live, eat, and breath multi-family investments across Phoenix, the East Valley, Scottsdale, Glendale, and more. Proven and respected closer with many significant sales around Phoenix over the last several years. Expert negotiator and marketer with many sales that set the highest price ever for the zip code. Since 2015, I have sold a wide range of multi-family and land. Some examples include numerous $1 million+ closings in Central Phoenix from 7-30 units; several $1 million+ sales in Mesa/Tempe/Chandler/AJ; a 100 unit complex in Glendale, a 28 unit in Buckeye, and many, many 2-4 unit buildings! Started in real estate while in law school; getting my feet wet selling, managing, and investing. After graduating with my J.D. in 1995, I started my own real estate brokerage, management, investment, and renovation companies in 1996 in Milwaukee, WI. Eventually, I also started a real estate development company. Over the next 17 years, my entrepreneurial spirit was in overload. I personally acquired and sold close to 500 properties while carving out my niche as a trusted source of everything commercial real estate. At one point, I had well over 100 broker transactions annually and owned over 450 units personally. However, after some struggles during the great recession of 2009-2011, I relocated to sunny Arizona after exhaustive research. The lower barrier of entry, lower cost to operate, and lower tax structure in AZ was too good to pass up. I have not looked back since. The Phoenix area continues year-over-year to have some of the strongest population and high-paying job growth in the US. Those growth patterns directly translate into more real estate demand. The short and long-term future of real estate investment in the Phoenix area looks highly promising. I am available to chat on the phone (602-672-3526)/text anytime; or contact me through email ([email protected]); or my website (www.phoenixmulti-family.com). Available for a Video Call or to meet for coffee. If I don't answer my phone, I will call you back. If you are looking for investment advice or to talk strategy, I am interested. My philosophy is simple: Be a straight shooter and back up my claims with stats/facts. The next few years promise to be complicated to navigate, and it is more important than ever to have someone in your corner that knows the ins and outs of the market. Thank you for reading my profile and I look forward to meeting you!

For this property, location is a big part of the story.Sitting between Central Avenue and Camelback Road, 309 E. Pierson...
09/16/2026

For this property, location is a big part of the story.

Sitting between Central Avenue and Camelback Road, 309 E. Pierson puts you within walking distance of the canal, restaurants, coffee, books, shopping and neighborhood gathering spots.

Walk over to Famé Caffe for breakfast, stop by Changing Hands Bookstore or First Draft, pick something up at See’s Candies, or head over to Uptown Plaza and AJ’s Fine Foods.

Want a night downtown? The light rail gives you easy access to Downtown Phoenix for concerts, museums, restaurants, First Friday, the Phoenix Art Museum and other events without having to make the drive.

You’re also close to Brophy College Preparatory, Xavier College Preparatory and the established neighborhoods surrounding the Central Avenue corridor.

And when the day is over, the nearby canal gives you a place to walk, bike or simply catch one of those Phoenix sunsets.

309 E. Pierson is a single-family residence for sale in an area where you can actually use what is around you.

For price, property details or to discuss whether this property fits what you are looking for, contact

Cass Stephens, CCIM.
602.672.3526
[email protected]
https://phoenixmulti-family.com/309-e-pierson-st

PRICE REDUCED | NOW $899,000746 W. Coolidge St. & 915 W. Highland Ave. | Phoenix, AZ 85013At $899,000 this property dese...
09/15/2026

PRICE REDUCED | NOW $899,000

746 W. Coolidge St. & 915 W. Highland Ave. | Phoenix, AZ 85013

At $899,000 this property deserves another look.

You are getting 4 residential units, an 1,800+/- SF workshop/garage, and an 17,557+/- SF R-3 lot that runs from Coolidge Street through to Highland Avenue.

That puts the price at $224,750 per residential unit, before assigning any separate value to the workshop/garage or the larger site.

The location is another major part of the investment.

You are near 7th Avenue and Camelback Road, with access to Midtown, Uptown, Melrose, light rail, restaurants, shopping, established historic neighborhoods and the Grand Canal Trail.

The property itself is not under a historic district overhang, which gives a buyer more flexibility to evaluate future improvements or other uses.

Seller financing might be an option.

This is not just a four-unit property. It is an existing income-producing property with additional improvements, a larger Central Phoenix site, street-to-street configuration, and several components for an investor to evaluate.

At $899,000, the pricing has changed enough that the numbers are worth revisiting.

Contact Cass Stephens, CCIM for financials, property details, or to discuss the seller-financing structure.

Cass Stephens - CCIM
602-672-3526
[email protected]

Ideal location: With food, school, transportation and more within walking distance. This SINGLE FAMILY RESIDENCE is loc...
09/15/2026

Ideal location: With food, school, transportation and more within walking distance.

This SINGLE FAMILY RESIDENCE is located South of Camelback off of 3rd st, between Camelback and Central. This quiet pocket boasts long term owners, with only 4 sales in the last couple of years. Conveniently located close to Uptown Plaza, near Brophy/Xavier high schools and perfectly positioned between the 7's.

This lot at 9,257 SF or 0.213 Acres is a Northern/Southern Facing Property with a Carport for off street parking. Trees in the front yard provide much needed shade during the long summer and the green grass in the front and backyard give this place a luscious fee.

309 E. Pierson has a heated outdoor pool (redone in 2019), that can be enjoyed year round. The backyard is fenced in with cinder block providing ideal privacy for lounging in the pool, enjoying picnics on the grass, or simply taking in the view from the patio.

With so much to offer in rare Phoenix location contact me,
Cass Stephens - CCIM
602-672-3526
[email protected]

Is this YOUR ideal location? Let's talk.
309 E. Pierson St. Phoenix, AZ. 85012
View more property details here 👇
https://phoenixmulti-family.com/309-e-pierson-st

The number of options that come with this property is what makes it unique. The property runs from Coolidge Street throu...
09/14/2026

The number of options that come with this property is what makes it unique.

The property runs from Coolidge Street through to Highland Avenue, giving the site an unusual amount of flexibility in the middle of Central Phoenix. It includes 4 residential units plus a separate workshop/garage, with room to think beyond the existing setup.

The location adds another layer.

You are close to 7th Avenue, Camelback Road, Midtown, Uptown dining, light rail, and the Grand Canal Trail, with restaurants, shopping, transportation, and recreation all nearby.

The property is surrounded by some of Phoenix’s established historic neighborhoods, but without the same historic-district overhang on the property itself. That gives an owner more room to evaluate future improvements, expansion, or redevelopment potential, subject to zoning and city requirements.

This is not just a four-unit property.

It is a larger Central Phoenix site with existing income, additional improvements, access from two streets, and multiple ways an investor could look at it.

Want to talk through the property, seller financing, or what the site could potentially support?

Contact Cass Stephens, CCIM.
602-672-3526
[email protected]
746 W. Coolidge St. & 915 W. Highland Ave. | Phoenix, AZ 85013
https://phoenixmulti-family.com/746-w-coolidge-st

Would you rather buy a standard fourplex — or a four-unit property with more pieces to work with?At 746 W. Coolidge St. ...
09/12/2026

Would you rather buy a standard fourplex — or a four-unit property with more pieces to work with?

At 746 W. Coolidge St. & 915 W. Highland Ave., the investment includes more than the residential units alone.

The property is offered at $979,000 and includes:

• 4 units across 3 buildings
• Approximately 4,000 SF of residential space
• Approximately 1,800 SF workshop/garage
• 17,557 SF street-to-street R-3 lot
• 75% current occupancy
• 6.32% pro forma cap rate
• $61,824 projected NOI

There is also first-position seller financing available at 6% interest-only and 60% LTV.

For buyers comparing Phoenix small multifamily opportunities, this one stands out because the workshop, lot configuration, and financing structure all need to be considered alongside the unit count and income.

Contact Cass Stephens, CCIM, to review the property details, financials, and seller-financing terms.

602-672-3526
[email protected]
Own a multifamily property and thinking about selling? Contact Cass for a confidential conversation about current value, buyer positioning, and whether your property may benefit from a different marketing or deal structure.

Just Listed I SINGLE FAMILY RESIDENCE I $875,0003BD / 2 BAClose to 2100 sq ft with a generous 20' x 15' main bedroom tha...
09/11/2026

Just Listed I SINGLE FAMILY RESIDENCE I $875,000
3BD / 2 BA

Close to 2100 sq ft with a generous 20' x 15' main bedroom that has an in-suite full bathroom. Full 2nd bathroom as well. Separate great/dining room from the living room. Large pantry & laundry.

Quality upgrades over the last 10+ years, including the kitchen, bathrooms, roof, HVAC unit, water heater, windows flooring & much more!

Cass Stephens - CCIM
602-672-3526
[email protected]
Curious to see what your property is worth?
My Marketing Platform
Gets YOU a Premium Price!
Contact me today to obtain your free investment property pricing analysis.

A lot can change when the operations start catching up with the property.Palm Square 24 at 4815 N. 15th Ave. (4811 & 481...
09/11/2026

A lot can change when the operations start catching up with the property.

Palm Square 24 at 4815 N. 15th Ave. (4811 & 4819) underperformed in 2025 because of vacancy and repair issues. Today, the picture looks very different.

The property is 100% occupied, with $21,200 in gross rents for August 2026, and is being offered at $2,999,000 with a forward pro-forma 6+ cap.

Investors also have a basis of under $125,000 per unit and under $200/SF, plus:

• 24 units
• 1.09 acres across 3 lots
• R-4 zoning
• Opportunity Zone
• Recent electrical, HVAC, plumbing, kitchen and bath improvements
• Additional value-add still remaining

This isn’t about pretending 2025 didn’t happen. It’s about underwriting the property based on where it stands today, understanding what has already been corrected, and deciding what additional improvements you believe can still be made.

Want to review the property and financial information?

Cass Stephens - CCIM
602.672.3526
[email protected]
If you own a multifamily property that has recently improved occupancy, completed renovations, or simply isn’t performing the way you think it should, I’m also happy to discuss how buyers may view it and where it could fit in the current market.

Sought after "St Francis Place" location for this gem. Perfectly positioned between the 7's. Quality upgrades over the l...
09/10/2026

Sought after "St Francis Place" location for this gem. Perfectly positioned between the 7's. Quality upgrades over the last 10+ years - including kitchen, bathroom, roof, HVAC unit, water heater, window, flooring, & more.

If you’re comparing Phoenix multifamily opportunities, start with the numbers — but don’t stop there.5035 N. 23rd Avenue...
09/10/2026

If you’re comparing Phoenix multifamily opportunities, start with the numbers — but don’t stop there.

5035 N. 23rd Avenue is offered at $1,699,000 with:

• 9 units
• 7 separate buildings
• 7.2% cap rate
• $122,000 NOI for 2025
• Seller financing available

That combination gives buyers more than one thing to evaluate: current income, building configuration, financing options, and how the property fits into a broader portfolio.

If you’re looking for a 2–30 unit multifamily property in Arizona, call, text, or email me to discuss this listing and whether it matches your investment criteria.

Cass Stephens, CCIM
602-672-3526
[email protected]
Own a multifamily property yourself? If you’ve been wondering what it could be worth or how buyers may view it today, I’m available for a confidential discussion about value and market positioning.

Insurance used to be a line item you reviewed once a year. Now it can change the economics of the entire property.For mu...
09/09/2026

Insurance used to be a line item you reviewed once a year. Now it can change the economics of the entire property.

For multifamily owners and investors, a higher insurance bill doesn’t just mean another expense. If income stays the same, higher insurance can reduce NOI, cash flow, debt coverage, and the income-supported value of the property.

And if you’re buying? Don’t assume the seller’s current insurance cost will be your cost. Get a quote early and underwrite the property using the number you may actually have to pay.

In this week’s blog, I break down what insurance means if you are:

Buying a multifamily property
Selling one
Holding an asset you already own

The takeaway is simple: don’t evaluate a multifamily property using an insurance number you haven’t verified.

Read the full article:
How Does Insurance Affect Multifamily — Buying? Selling? Holding?

https://phoenixmulti-family.com/blog/f/how-does-insurance-affect-multifamily---buying-selling-holding

Address

6360 E. Brown Road Ste 103
Mesa, AZ
85205

Telephone

+16026723526

Website

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