$995,000

Estimated payment $5,559/month

Total Views 468
7 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Central Heating
  • Ceiling Fan
  • Desert Landscape
  • Phoenix Coding Academy Rated A
  • Fenced

About This Home

The Axl in Garfield is a 4-unit garden-style property of solid block construction, built in 1965, 1968, and 1996 and was extensively renovated and modernized in 2025, with approximately $55k per unit in capex.. The community includes (3) 2-bed / 1-bath units and (1) 1-bed / 1-bath unit, each with fully renovated interiors featuring upgraded flooring, cabinetry, countertops, stainless steel appliances, and in-unit washer/dryers; select units also include private fenced yards. Residents enjoy dedicated parking, and easy access to Downtown Phoenix, all within the historic Garfield Historic District, one of Phoenix's most vibrant urban enclaves. With residential financing available, The Axl in Garfield offers a turnkey, cash-flowing investment in a dynamic infill location.

Listing Agent

Mitchell Drake

ABI Multifamily License #SA675761000 Listed on: 07/30/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,213

Year Built

  • Built in 1948

Lot Details

  • Fenced
  • Desert Landscape

Home Design

  • Composition Roof
  • Built-Up Roof
  • Block Exterior
  • Stone Exterior Construction
  • Stucco
  • Stone

Interior Spaces

  • 7 Bedrooms
  • Ceiling Fan

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Garfield Elementary School
  • North High School

Utilities

  • Cooling Available
  • Central Heating
  • Separate Meters
  • Natural Gas Not Available

Listing and Financial Details

  • The owner pays for water, sewer, landscaping
  • Tax Lot 22
  • Assessor Parcel Number 116-24-168

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 6,875 SF per assessor
  • Yaggy Tract Subdivision

Building Details

  • Operating Expense $15,885
  • Gross Income $64,068
  • Net Operating Income $48,183

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,213

Year Built

Built in 1948

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 16TH STREET AND FILLMORE
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1948
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3848.0
  • Subdivision Name: YAGGY TRACT
  • Const - Finish:Const - Finish: Painted, Stucco, Stone
  • Cooling:Cooling: Electric, Ceiling Fan(s)
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: APS, Individual Meter
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Dishwasher, Disposal, Microwave, Washer/Dryer, Built-In Electric Oven
  • Total Bedrooms: 7
  • Interior Features:Interior Features: Unfurnished

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block, Painted, Stucco, Stone
  • Roof: Built-Up, Composition
  • Exterior Amenities: Desert Landscaping, Fenced

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • Parking Features:Parking Features: >1 Space Per Unit

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: None

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Water Sewer Expense: 3000.0

Schools

  • Elementary School: Garfield School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 6,875 SF per assessor
  • Additional Parcels: No
  • Parcel #: 116-24-168

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 64068.0
  • Insurance Expense: 2524.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 48183.0
  • Annual Operating Expense: 15885.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1213.0
  • Tax Book Number: 116.0
  • Tax Lot: 22

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 $1,213 $8,539
2024 $1,131 $8,132
2023 $1,131 $42,880 $8,570 $34,310
2022 $1,091 $28,260 $5,650 $22,610
2021 $1,082 $23,000 $4,600 $18,400
2020 $1,095 $19,420 $3,880 $15,540
2019 $1,093 $16,180 $3,230 $12,950
2018 $1,074 $13,580 $2,710 $10,870
2017 $1,049 $12,460 $2,490 $9,970
2016 $1,019 $9,020 $1,800 $7,220
2015 $943 $7,750 $1,550 $6,200
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
07/30/2026 07/30/26 For Sale $995,000 +118.7% --
01/02/2024 01/02/24 Sold $455,000 +21.3% $429 / Sq Ft View Prior Sale
11/03/2023 11/03/23 For Sale $375,000 -- $354 / 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 -- Pioneer Title Agency
Warranty Deed $455,000 Partners Title Company
Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Warranty Deed $90,000 Stewart Title & Trust
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
Open $537,700 New Conventional
Closed $527,000 New Conventional
Previous Owner $250,000 New Conventional
Previous Owner $74,082 Unknown
Previous Owner $19,785 Unknown
Previous Owner $72,000 New Conventional
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7062031

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-24-168

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