$649,000

Estimated payment $3,440/month

Total Views 70
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • RV or Boat Parking
  • Cooling System Mounted To A Wall/Window
  • Vinyl Flooring
  • Phoenix Coding Academy Rated A
  • Central Heating and Cooling System

About This Home

Rare investment opportunity featuring unique architecture in the Historic Oakland District, within walking distance to Grand Avenue of the Arts, light rail, downtown Phoenix, and minutes from Sky Harbor Airport. Located in a rapidly growing area with rising rents and strong investor development, the property has seen numerous upgrades over the years including interior and exterior paint, tiled showers, updated flooring and countertops, new windows and roofs, two tankless gas water heaters, and two newer A/C units. All units are individually metered for APS, with a unit mix consisting of one 2-bedroom/1-bath with washer/dryer hookup, two 1-bedroom/1-bath units, and one studio, offering clear upside potential for a new owner to increase rents and improve returns.

Listing Agent

Emily Weaver

Open House Realty License #SA668881000 Listed on: 01/21/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $801

Year Built

  • Built in 1916

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Aluminum Siding
  • Block Exterior

Flooring

  • Vinyl Flooring

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • RV or Boat Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 111-28-073

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 6250
  • University Addition Subdivision

Building Details

  • Operating Expense $7,400
  • Gross Income $58,200
  • Net Operating Income $50,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$801

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Cross Street: 15th Ave & Van Buren
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R5
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1916
  • Tax Year: 2025
  • Subdivision Name: UNIVERSITY ADDITION
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Const - Finish Aluminum Siding: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Refrigerator, Free-Standing Electric Oven, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: RV Access/Parking, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features RVBoat Parking2: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, Window/Wall Unit
  • Heating: Central, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Fuel Expense: 1543.81
  • Annual Water Sewer Expense: 2809.48

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 6250
  • Additional Parcels: No
  • Parcel #: 111-28-073

Multi Family

  • Owner Pays: Gas, Water, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 58200.0
  • Insurance Expense: 1296.0
  • Maintenance Expense: 700.0
  • Property Net Operating Income: 50799.71
  • Annual Operating Expense: 7400.29

Tax Info

  • Tax Annual Amount: 801.0
  • Tax Book Number: 111.00
  • Tax Lot: 8

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 $801 $5,640 -- --
2024 $747 $5,371 -- --
2023 $747 $27,180 $5,430 $21,750
2022 $720 $18,900 $3,780 $15,120
2021 $715 $17,860 $3,570 $14,290
2020 $723 $14,260 $2,850 $11,410
2019 $722 $12,530 $2,500 $10,030
2018 $710 $11,310 $2,260 $9,050
2017 $693 $9,070 $1,810 $7,260
2016 $673 $7,130 $1,420 $5,710
2015 $623 $6,070 $1,210 $4,860
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/21/2026 01/21/26 For Sale $649,000 +3505.6% --
05/31/2012 05/31/12 Sold $18,000 -63.9% $14 / Sq Ft View Prior Sale
10/25/2011 10/25/11 Pending -- -- --
04/15/2011 04/15/11 For Sale $49,900 -- $38 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Deed $18,000 First American Title Ins Co
Warranty Deed -- First American Title Ins Co
Interfamily Deed Transfer -- --
Cash Sale Deed $40,000 Security Title Agency
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6972312

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-28-073