1217 E Hess Ave Phoenix, AZ 85034
Central City NeighborhoodEstimated payment $2,918/month
Total Views
1,532
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Cooling Available
- Vinyl Flooring
- Heating Available
- Phoenix Coding Academy Rated A
About This Home
1217 E Hess Ave offers an exceptional investment opportunity with an assumable FHA loan at 5.25%. This property is minutes from Downtown Phoenix, Sky Harbor Airport, and major freeways (I-10, Loop 202). The property is surrounded by major employment hubs including ASU's Downtown campus, Phoenix Biomedical Campus, Maricopa County and City of Phoenix government centers, and top corporate employers like Freeport-McMoRan, Honeywell, Wells Fargo, Chase, and APS. Ongoing redevelopment in the Warehouse District and Central City neighborhoods is fueling rental demand from young professionals, students, and healthcare workers. With excellent access to transit, entertainment, and a strong, diverse job market, this property is well-positioned
for steady cash flow and long-term appreciation.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $681
Year Built
- Built in 1946
Home Design
- Wood Frame Construction
- Composition Roof
- Block Exterior
- Stucco
Flooring
- Vinyl Flooring
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
- On-Street Parking
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tax Lot 17
- Assessor Parcel Number 115-37-078-B
Community Details
Overview
- 3 Buildings
- 3 Units
- Building Dimensions are 6900
- Hilton Place Subdivision
Building Details
- Operating Expense $7,479
- Gross Income $43,206
- Net Operating Income $35,727
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $681 | $5,095 | -- | -- |
| 2024 | $598 | $4,852 | -- | -- |
| 2023 | $598 | $15,460 | $3,090 | $12,370 |
| 2022 | $651 | $8,080 | $1,610 | $6,470 |
| 2021 | $646 | $8,330 | $1,660 | $6,670 |
| 2020 | $653 | $8,380 | $1,670 | $6,710 |
| 2019 | $652 | $5,280 | $1,050 | $4,230 |
| 2018 | $337 | $4,300 | $860 | $3,440 |
| 2017 | $330 | $4,270 | $850 | $3,420 |
| 2016 | $320 | $4,010 | $800 | $3,210 |
| 2015 | $296 | $3,100 | $620 | $2,480 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2025 06/16/25 | For Sale | $525,000 | +19.3% | -- |
| 05/31/2023 05/31/23 | Sold | $440,000 | 0.0% | $341 / Sq Ft |
| 04/04/2023 04/04/23 | For Sale | $440,000 | 0.0% | $341 / Sq Ft |
| 04/22/2021 04/22/21 | Rented | $1,150 | 0.0% | -- |
| 04/12/2021 04/12/21 | Off Market | $1,150 | -- | -- |
| 04/10/2021 04/10/21 | For Rent | $1,150 | 0.0% | -- |
| 04/01/2021 04/01/21 | Off Market | $1,150 | -- | -- |
| 03/31/2021 03/31/21 | For Rent | $1,150 | 0.0% | -- |
| 03/26/2021 03/26/21 | Sold | $240,000 | -11.1% | $160 / Sq Ft |
| 03/12/2021 03/12/21 | Price Changed | $270,000 | -9.7% | $180 / Sq Ft |
| 03/09/2021 03/09/21 | For Sale | $299,000 | -- | $199 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $440,000 | Pioneer Title Services | |
| Warranty Deed | $340,000 | East Title Agency | |
| Warranty Deed | $102,500 | Chicago Title Agency | |
| Special Warranty Deed | -- | Grand Canyon Title Agency | |
| Grant Deed | -- | None Available | |
| Trustee Deed | $93,153 | None Available | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $26,000 | Stewart Title & Trust | |
| Warranty Deed | $27,000 | Stewart Title & Trust |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $432,030 | FHA | |
| Previous Owner | $676,799 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $30,000 | New Conventional | |
| Previous Owner | $216,000 | Commercial | |
| Previous Owner | $82,000 | Commercial | |
| Previous Owner | $82,824 | FHA | |
| Previous Owner | $60,500 | Unknown | |
| Previous Owner | $25,000 | Seller Take Back |
Source: Public Records
Similar Homes in the area
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6880768
APN: 115-37-078B
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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