$825,000
$170K PRICE DROP

Estimated payment $4,555/month

Total Views 21,853
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • RV Access or Parking
  • Brick Veneer
  • Two cooling system units
  • Phoenix Coding Academy Rated A
  • Patio
  • Ceiling Fan

About This Home

100% OCCUPIED » 5 Units » All Units Updated in the past 2 years » In-Unit Laundry/Hook-Ups » New Roof 2021 » Massive Lot for Expansion » High-Demand Area » Growth Play » Collect cash flow while planning your value-add or expansion strategy.

Listing Agent

Hudson Robison

The Broker Reserve LLC License #BR692045000 Listed on: 08/11/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,854

Year Built

  • Built in 1950

Home Design

  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Blinds
  • Fire and Smoke Detector

Parking

  • 12 Parking Spaces
  • Free Parking
  • Additional Parking
  • 12 Open Parking Spaces
  • RV Access or Parking

Utilities

  • Two cooling system units
  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating Available
  • Separate Meters

Additional Features

  • Patio
  • Dirt Road

Listing and Financial Details

  • The owner pays for water, sewer, trash collection
  • Assessor Parcel Number 120-20-030-A

Community Details

Overview

  • 5 Units
  • Building Dimensions are 306' x 60'

Building Details

  • Operating Expense $17,195
  • Gross Income $80,384
  • Net Operating Income $60,211

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,854

Year Built

Built in 1950

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: E McDowell Rd & N 32nd St
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2024
  • Road Surface Type: Concrete, Dirt, Gravel
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup, Free-Standing Electric Oven

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Block, Wood Frame, Brick Veneer
  • Roof: Composition

Garage/Parking

  • Parking Features: Open, <1 Space Per Unit, RV Access/Parking
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Central Air, 2 or More Units, Window/Wall Unit, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 306' x 60'
  • Additional Parcels: No
  • Parcel #: 120-20-030-A

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection
  • Tenant Pays: Electricity, Gas
  • Number Of Units Total: 5
  • Annual Gross Income: 80383.63
  • Insurance Expense: 2741.0
  • Maintenance Expense: 7100.0
  • Property Net Operating Income: 60211.0
  • Annual Operating Expense: 17195.0

Tax Info

  • Tax Annual Amount: 1854.0
  • Tax Lot: N/A

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 $1,926 $14,260 -- --
2024 $1,832 $13,581 -- --
2023 $1,832 $53,280 $10,650 $42,630
2022 $1,761 $39,630 $7,920 $31,710
2021 $1,804 $33,230 $6,640 $26,590
2020 $1,760 $26,670 $5,330 $21,340
2019 $1,747 $21,370 $4,270 $17,100
2018 $1,711 $17,450 $3,490 $13,960
2017 $1,645 $17,650 $3,530 $14,120
2016 $1,581 $15,600 $3,120 $12,480
2015 $1,471 $13,530 $2,700 $10,830
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/16/2026 02/16/26 For Sale $825,000 0.0% --
01/21/2026 01/21/26 Pending -- -- --
01/02/2026 01/02/26 Off Market $825,000 -- --
12/31/2025 12/31/25 Price Changed $825,000 0.0% --
12/31/2025 12/31/25 For Sale $825,000 -2.4% --
12/23/2025 12/23/25 Price Changed $845,000 -5.6% --
10/02/2025 10/02/25 Price Changed $895,000 -10.1% --
08/11/2025 08/11/25 For Sale $995,000 +63.9% --
03/22/2023 03/22/23 Sold $607,000 -6.5% $216 / Sq Ft View Prior Sale
01/18/2023 01/18/23 For Sale $649,000 +36.6% $231 / Sq Ft
11/16/2020 11/16/20 Sold $475,000 -4.6% $169 / Sq Ft View Prior Sale
09/14/2020 09/14/20 Price Changed $498,000 -0.2% $177 / Sq Ft
08/19/2020 08/19/20 Price Changed $499,000 +0.2% $177 / Sq Ft
07/17/2020 07/17/20 Price Changed $498,000 -23.4% $177 / Sq Ft
05/28/2020 05/28/20 Price Changed $650,000 -0.2% $231 / Sq Ft
05/28/2020 05/28/20 Price Changed $651,000 -13.2% $231 / Sq Ft
05/05/2020 05/05/20 For Sale $750,000 -- $267 / 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 $607,000 Empire Title Services
Warranty Deed $607,000 Empire Title Services
Warranty Deed $475,000 Grand Canyon Title Agency
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Special Warranty Deed $160,000 Chicago Title Insurance Co
Warranty Deed $75,000 Stewart Title & Trust
Interfamily Deed Transfer $110,000 First Southwestern Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
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 $327,780 New Conventional
Closed $327,780 New Conventional
Previous Owner $145,000 Seller Take Back
Previous Owner $5,000 Seller Take Back
Previous Owner $5,000 Seller Take Back
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6904379

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-20-030A

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