$7,300,000
$350K PRICE DROP

Estimated payment $40,184/month

Total Views 1,385
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Built in 1956 | Newly Remodeled
  • Patio
  • Desert Landscape
  • Phoenix Coding Academy Rated A
  • Community Playground
  • Heating Available

About This Home

Row 31 is a newly constructed boutique style 31-unit community located at 1435 E Taylor St. in the desirable Garfield District just minutes from Downtown Phoenix. The asset offers investors a rare opportunity to acquire a fully modern, institutional quality infill property in one of Phoenix's most urban and transit-connected neighborhoods. Row 31 consists of a well-balanced unit mix of (2) studios, (18) one-bedroom, and (11) two-bedroom, two-bathroom residences, each featuring in-suite washer/dryer, stainless steel appliances, LVP flooring, quartz countertops, custom cabinetry, and smart home features. Construction finished earlier this year and the property is now nearing full occupancy.

Listing Agent

Brad Skenderian

Matthews Real Estate Investment Services License #SA692958000 Listed on: 07/10/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,653

Year Built

  • Built in 1956 | Newly Remodeled

Home Design

  • Wood Frame Construction
  • Stucco

Parking

  • 40 Open Parking Spaces
  • 40 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available
  • Separate Meters
  • Natural Gas Not Available
  • Master Water Meter

Additional Features

  • Patio
  • Desert Landscape

Listing and Financial Details

  • The owner pays for water, sewer, trash collection
  • Tax Lot 33
  • Assessor Parcel Number 116-18-114-A

Community Details

Overview

  • 2 Buildings
  • 31 Units
  • Building Dimensions are 35501
  • Germania Place Lots 4 1115 19212231 36 Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $62,173
  • Gross Income $589,490
  • Net Operating Income $421,196

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,653

Year Built

Built in 1956 | Newly Remodeled

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1956
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Professional Management Expense: 29055.0
  • Subdivision Name: GERMANIA PLACE LOTS 4-1115-19212231-36
  • New Construction: Yes
  • Tax Parcel Letter: A
  • Const - Finish:Const - Finish: Stucco
  • Cooling:Cooling: Electric, Individual
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: APS, Individual Meter
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Range, Refrigerator, Dishwasher, Disposal, Microwave, Washer/Dryer
  • Interior Features:Interior Features: Unfurnished

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Stucco
  • Property Condition: New Construction
  • Roof: Other
  • Exterior Amenities: Landscape Water System, Desert Landscaping, Patio/Balcony

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 40.0
  • Total Parking Spaces: 40.0
  • Parking Features:Parking Features: >1 Space Per Unit

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Varies by Unit
  • Heating: Electric, Varies by Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Gas:Gas: None

Condo/Co-op/Association

  • Community Features: No Pool, Other, Play Area

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 35501
  • Additional Parcels: No
  • Parcel #: 116-18-114-A

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection
  • Tenant Pays: Electricity
  • Number Of Units Total: 31
  • Annual Gross Income: 589490.2
  • Insurance Expense: 8153.0
  • Maintenance Expense: 9300.0
  • Property Net Operating Income: 421196.0
  • Annual Operating Expense: 62173.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1653.0
  • Tax Book Number: 116.0
  • Tax Lot: 33

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 $1,653 $11,637
2024 $1,541 $11,083
2023 $1,541 $54,130 $10,820 $43,310
2022 $1,486 $36,660 $7,330 $29,330
2021 $1,475 $31,730 $6,340 $25,390
2020 $1,492 $29,930 $5,980 $23,950
2019 $1,490 $21,080 $4,210 $16,870
2018 $1,464 $18,530 $3,700 $14,830
2017 $1,430 $16,910 $3,380 $13,530
2016 $1,389 $12,980 $2,590 $10,390
2015 $1,286 $10,450 $2,090 $8,360
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
08/17/2026 08/17/26 Price Changed $7,300,000 -4.6% --
07/10/2026 07/10/26 For Sale $7,650,000 +565.2% --
07/10/2024 07/10/24 Sold $1,150,000 0.0% $1,438 / Sq Ft View Prior Sale
07/09/2024 07/09/24 Pending -- -- --
07/01/2024 07/01/24 For Sale $1,150,000 +23.0% $1,438 / Sq Ft
12/23/2022 12/23/22 Sold $935,000 -1.1% $1,169 / Sq Ft View Prior Sale
12/10/2022 12/10/22 Price Changed $945,000 +152.7% $1,181 / Sq Ft
12/05/2022 12/05/22 Pending -- -- --
09/23/2022 09/23/22 For Sale $374,000 -- $468 / 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
Special Warranty Deed $1,150,000 American Title Service Agency
Quit Claim Deed -- None Listed On Document
Special Warranty Deed -- None Listed On Document
Warranty Deed $935,000 Pioneer Title Services
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Camelback Title Agency Llc
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Warranty Deed $72,000 North American Title Agency
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 $3,875,000 Construction
Previous Owner $89,000 Commercial
Previous Owner $72,000 Commercial
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7052542

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-18-114A

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