$362,000

Estimated payment $2,022/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

EXCEPTIONAL INVESTMENT OPPORTUNITY IN A PRIME LOCATION! This single-story, four-unit multifamily property, built in 1953, presents an outstanding value-add opportunity for investors. The property features four 1-bedroom, 1-bath units, all currently vacant and ready for renovation, providing a blank canvas to maximize your investment vision. Prime Location: Conveniently located near US-60 (Grand Avenue) with easy access to I-10, I-17, and Loop 202, offering seamless connectivity throughout the Phoenix metro area. Future Growth Potential: A planned light rail extension along Van Buren is expected to further enhance accessibility and position this property within a growing transit-oriented corridor. Excellent Convenience: Just minutes from Downtown Phoenix and Phoenix Sky Harbor International Airport, making it an attractive location for future tenants seeking easy access to employment, entertainment, and transportation. The property requires renovation to address deferred maintenance, and the competitive list price reflects this exceptional opportunity. With strong rental demand and significant upside potential, this is your chance to transform a distressed asset into a high-performing investment.

Listing Agent

Joseph Mahoney

JM Realty License #BR561411000 Listed on: 07/20/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $656

Year Built

  • Built in 1953

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Assigned Parking

Schools

  • William R Sullivan Elementary School
  • Carl Hayden High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Separate Meters
  • Master Water Meter

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 109-38-002

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 69 X 113
  • Wormsers Addition Block 1 Subdivision

Building Details

  • Operating Expense $656

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$656

Year Built

Built in 1953

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 33rd Ave & Van Buren
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1953
  • Tax Year: 2025
  • Road Surface Type: Concrete
  • Subdivision Name: WORMSERS ADDITION BLOCK 1
  • Const - Finish:Const - Finish: Painted
  • Cooling:Cooling: None
  • Road Surface Type:Road Surface Type: Concrete
  • Electric:Electric: APS, Individual Meter
  • Sale Includes:Sale Includes: Other (See Remarks)
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator

Exterior Features

  • Disclosures: None
  • Construction Type: Block, Painted
  • Roof: Composition

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • Parking Features:Parking Features: Assigned

Utilities

  • Electric: APS, Individual Meter
  • Cooling: None
  • Heating: Electric, Natural Gas
  • Cooling Y N: No
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Gas:Gas: SW Gas

Condo/Co-op/Association

  • Community Features: Other

Schools

  • Elementary School: William R Sullivan Elementary School
  • High School: Carl Hayden High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: William R Sullivan Elementary School

Lot Info

  • Lot Size: 69 X 113
  • Additional Parcels: No
  • Parcel #: 109-38-002

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electricity, Gas
  • Number Of Units Total: 4
  • Annual Operating Expense: 656.0

Tax Info

  • Tax Annual Amount: 656.0
  • Tax Book Number: 109.0
  • Tax Lot: 1

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $656 $5,246
2024 $630 $4,997
2023 $630 $27,060 $5,410 $21,650
2022 $604 $17,860 $3,570 $14,290
2021 $639 $15,960 $3,190 $12,770
2020 $618 $13,780 $2,750 $11,030
2019 $611 $11,980 $2,390 $9,590
2018 $599 $9,730 $1,940 $7,790
2017 $576 $8,860 $1,770 $7,090
2016 $584 $6,230 $1,240 $4,990
2015 $544 $5,450 $1,090 $4,360
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/20/2026 07/20/26 For Sale $362,000 -44.3% --
08/15/2023 08/15/23 Sold $650,000 0.0% $677 / Sq Ft View Prior Sale
04/27/2023 04/27/23 Pending -- -- --
04/22/2023 04/22/23 Off Market $650,000 -- --
03/07/2023 03/07/23 Price Changed $665,000 -1.5% $693 / Sq Ft
03/03/2023 03/03/23 For Sale $675,000 0.0% $703 / Sq Ft
02/26/2023 02/26/23 Pending -- -- --
09/10/2022 09/10/22 Price Changed $675,000 -6.9% $703 / Sq Ft
08/15/2022 08/15/22 Price Changed $725,000 -3.3% $755 / Sq Ft
04/29/2022 04/29/22 Price Changed $750,000 -6.3% $781 / Sq Ft
02/25/2022 02/25/22 For Sale $800,000 +79.8% $833 / Sq Ft
02/26/2021 02/26/21 Sold $445,000 -1.1% $464 / Sq Ft View Prior Sale
01/08/2021 01/08/21 Pending -- -- --
12/29/2020 12/29/20 For Sale $450,000 +164.7% $469 / Sq Ft
08/31/2017 08/31/17 Sold $170,000 -5.5% $177 / Sq Ft View Prior Sale
07/10/2017 07/10/17 For Sale $179,900 -- $187 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Trustee Deed $462,275 Accommodation/Courtesy Recordi
Warranty Deed $650,000 Empire Title Agency
Warranty Deed $445,000 Empire West Title Agency Llc
Warranty Deed $250,000 Dhi Title Agency
Warranty Deed $170,000 Chicago Title Agency Inc
Warranty Deed $60,000 Capital Title Agency Inc
Joint Tenancy Deed $32,500 United Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $663,975 VA
Previous Owner $333,750 New Conventional
Previous Owner $280,000 Commercial
Previous Owner $124,500 New Conventional
Previous Owner $120,000 Purchase Money Mortgage
Previous Owner $84,500 Unknown
Previous Owner $48,000 New Conventional
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7056584

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-38-002

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