$925,000
$75K PRICE DROP

Estimated payment $5,080/month

Total Views 955
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Brick Veneer
  • Cooling Available
  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Community Barbecue Grill
  • Partially Fenced Property

About This Home

Turn-key stabilized Central Phoenix 4-plex in a proven rental corridor. Comprised of a freestanding 2-bed/1-bath home plus three 1-bed/1-bath units, offering diversified unit mix and strong in-place tenancy. All units offer modern kitchens and baths, tile flooring, recessed lighting and north/south exposure. Recent capital improvements include full termite treatment with transferable warranty, major HVAC updates, new water heater 2024, exterior paint 2021 and seal/coat driveway 2023. Owner pays gas (2 water heaters) and water/sewer; tenants pay electric, cable, etc. No HOA. Consistent occupancy history and proximity to the Camelback and Biltmore corridors. Dedicated parking at back of community. Durable infill location with long-term appreciation and rental growth potential.

Listing Agent

Aaron Carter

Cambridge Properties License #BR646960000 Listed on: 02/21/2026

Co-Listing Agent

Michael Mosier

Cambridge Properties License #SA521783000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,638

Year Built

  • Built in 1960

Lot Details

  • Partially Fenced Property
  • Desert Landscape

Home Design

  • Brick Veneer
  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Paved Parking

Schools

  • Madison Park Elementary And Middle School
  • North High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for water, sewer, gas, trash collection, landscaping
  • Tax Lot 16
  • Assessor Parcel Number 155-08-019-B

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 120'x100'
  • Meadowbrook Tract Blk 1 Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $18,604
  • Gross Income $41,741
  • Net Operating Income $29,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,638

Year Built

Built in 1960

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: N 16th Street & E Campbell Avenue
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: camb01
  • Co List Office Phone: 602-493-5100
  • Subdivision Name: MEADOWBROOK TRACT BLK 1
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Refrigerator, Dishwasher, Disposal, Microwave

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Block, Brick, Painted, Brick Veneer
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 7.0

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: Barbecue

Fee Information

  • Annual Fuel Expense: 545.0
  • Annual Water Sewer Expense: 2733.0

Schools

  • Elementary School: Madison Park School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Madison Park School

Lot Info

  • Lot Size: 120'x100'
  • Additional Parcels: No
  • Parcel #: 155-08-019-B

Multi Family

  • Owner Pays: Water, Sewer, Gas, Trash Collection, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 41741.25
  • Insurance Expense: 2796.0
  • Maintenance Expense: 7400.0
  • Property Net Operating Income: 29000.0
  • Annual Operating Expense: 18604.0
  • Vacancy Allowance Rate: 0.25

Tax Info

  • Tax Annual Amount: 1638.0
  • Tax Book Number: 155.0
  • Tax Lot: 16

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $1,638 $12,575 -- --
2024 $1,520 $11,977 -- --
2023 $1,520 $52,630 $10,520 $42,110
2022 $1,475 $37,730 $7,540 $30,190
2021 $1,488 $32,470 $6,490 $25,980
2020 $1,464 $26,160 $5,230 $20,930
2019 $1,432 $23,900 $4,780 $19,120
2018 $1,397 $20,750 $4,150 $16,600
2017 $1,331 $19,580 $3,910 $15,670
2016 $1,285 $15,160 $3,030 $12,130
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/12/2026 03/12/26 Price Changed $925,000 -7.5% --
02/21/2026 02/21/26 For Sale $1,000,000 +234.4% --
10/06/2014 10/06/14 Sold $299,000 0.0% $190 / Sq Ft View Prior Sale
08/29/2014 08/29/14 Pending -- -- --
08/26/2014 08/26/14 For Sale $299,000 +130.0% $190 / Sq Ft
04/24/2014 04/24/14 Sold $130,000 -12.8% $83 / Sq Ft View Prior Sale
04/02/2014 04/02/14 Pending -- -- --
11/26/2013 11/26/13 For Sale $149,000 -- $95 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed $299,000 North American Title Company
Cash Sale Deed $130,000 First Arizona Title Agency
Quit Claim Deed -- None Available
Warranty Deed $261,900 Guaranty Title Agency
Warranty Deed $200,000 --
Warranty Deed -- --
Warranty Deed $112,500 North American Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $149,000 Commercial
Previous Owner $161,900 Commercial
Previous Owner $190,000 Commercial
Previous Owner $101,250 Commercial
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6987958

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-08-019B

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