$658,000
SOLD NOV 21, 2025

131 W Lindbergh Ave Coolidge, AZ 85128

-- Bed
-- Bath
350 Sq Ft
1963 Built

Recently Sold

$1,880 Per Sq Ft

5% Below List Price

23 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Individual Controls for Heating
  • 2-minute walk to Heritage Park
  • Concrete Flooring

About This Home

As of November 2025

Cash cow with nice upgrades. Operating at an 8.5 CAP +/-. Be a part of the rapidly appreciating I-10 corridor in Pinal County. Desirable 20,000+ sf corner lot. Located in an opportunity zone (OZ) in Downtown Coolidge, AZ, which is about 1 hour from Phoenix, and 45 min to the Chandler area. Many upgrades have been completed, including 4 of the 6 units, some plumbing, heating/cooling, and electrical. Gorgeous new parking lot. New ownership can value-add by finishing upgrading. Highly stabilized with excellent cash flow is a hard get in this market. Locally owned/self-managed. Current CAP rates around PHX are much lower based on current listings. This is a property with nice upgrades & solid rents in place already. Please do not disturb the tenants.

Last Agent to Sell the Property

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 10/15/2025

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Will Fry

Arizona Realty Shop License #BR522422000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $946

Year Built

  • Built in 1963

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Concrete
  • Vinyl

Parking

  • 14 Open Parking Spaces
  • 14 Parking Spaces
  • Over 1 Space Per Unit
  • Paved Parking
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Individual Controls for Heating
  • Window Unit Heating System
  • Private Water Source

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 7 / 1
  • Assessor Parcel Number 205-03-005

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are 20230 sf
  • North Coolidge Subdivision

Building Details

  • Operating Expense $9,946
  • Gross Income $68,685
  • Net Operating Income $58,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$946

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Arizona Blvd & Main St
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2021
  • Subdivision Name: NORTH COOLIDGE
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source Private14: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Concrete
  • Appliances: Built-In Range, Refrigerator
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other, Paved, Assigned, Add'l Parking Avail, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 14.0
  • Total Parking Spaces: 14.0
  • General Property Description:Uncvrd Parking Spcs: 14.0
  • General Property Description:Total Parking Spcs: 14.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS
  • Cooling: Other, See Remarks, Window/Wall Unit, Electric, Individual
  • Heating: Other, See Remarks, Individual, Window/Wall Unit(s), Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:WindowWall Unit(s): Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Schools

  • Junior High Dist: Coolidge Unified District

Lot Info

  • Lot Size: 20230 sf
  • Additional Parcels: No
  • Parcel #: 205-03-005

Multi Family

  • Owner Pays: Other, See Remarks, Trash Collection, Water, Sewer
  • Number Of Units Total: 6
  • Annual Gross Income: 68685.0
  • Property Net Operating Income: 58500.0
  • Annual Operating Expense: 9946.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 946.0
  • Tax Block: 1
  • Tax Book Number: 205.00
  • Tax Lot: 7
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/21/2025 11/21/25 Sold $658,000 -4.6% $1,880 / Sq Ft
11/07/2025 11/07/25 Pending -- -- --
10/15/2025 10/15/25 For Sale $689,900 +1282.6% $1,971 / Sq Ft
12/31/2013 12/31/13 Sold $49,900 -41.2% $143 / Sq Ft View Prior Sale
12/09/2013 12/09/13 Pending -- -- --
10/19/2012 10/19/12 For Sale $84,900 -- $243 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

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
2022 $946 $12,311 $2,454 $9,857
2021 -- $6,067 $0 $0
2020 -- $5,603 $0 $0
2019 -- $5,297 $0 $0
2018 -- $5,180 $0 $0
2017 -- $5,115 $0 $0
2016 -- $5,598 $2,126 $3,472
2014 -- $5,093 $1,637 $3,456
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    James Stephens

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 672-3526

    2 in this area

    50 Total Sales

    James Stephens
    Section Image

  • W

    Buyer's Agent in 2025

    Will Fry

    Arizona Realty Shop

    (480) 686-3336

    1 in this area

    6 Total Sales

    Will Fry
    Section Image
  • Kenneth Bolan

    Seller's Agent in 2013

    Kenneth Bolan

    RE/MAX

    (520) 705-8700

    112 in this area

    187 Total Sales

    Kenneth Bolan
    Section Image
  • Marty Nelson

    Buyer's Agent in 2013

    Marty Nelson

    Axen Realty, LLC

    (480) 442-9850

    7 Total Sales

    Marty Nelson
    Section Image

  • J

    Buyer's Agent in 2013

    J. Marty Nelson

    Real Broker

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6935624

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Pinal County Coolidge 85128

131 W Lindbergh Ave, Coolidge, AZ

Sold

MultiFamily

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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