$1,300,000

Estimated payment $7,326/month

12 Beds
29 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

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

About This Home

RARE 7-UNIT INVESTMENT OPPORTUNITY in a fantastic central Phoenix location! What truly sets this property apart is its unique configuration--7 total units spread across SIX SEPARATE BUILDINGS, consisting of five detached residences plus one duplex. The unit mix includes five 2-bedroom/1-bath units and two 1-bedroom/1-bath units, providing an attractive and versatile rental mix. Situated on an oversized 20,000+ sq. ft. lot, the property offers private outdoor areas, covered parking and the feel of individual residences rather than a traditional apartment complex. Ideally located between Downtown Phoenix and Sky Harbor International Airport with convenient access to major freeways, employment, shopping, dining and entertainment. A unique opportunity to acquire a well-located Phoenix multifam

Listing Agent

Blaine Jarvis

Four Peaks Property Management LLC License #SA027837000 Listed on: 08/27/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,251

Year Built

  • Built in 1958

Lot Details

  • Desert Landscape

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 12 Bedrooms
  • Ceiling Fan
  • Fire and Smoke Detector

Parking

  • 2 Open Parking Spaces
  • 7 Parking Spaces
  • Carport
  • Parking Available
  • On-Street Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for water, sewer, trash collection, landscaping
  • Tax Lot 27
  • Assessor Parcel Number 120-29-048-A

Community Details

Overview

  • 6 Buildings
  • 7 Units
  • Building Dimensions are 20393
  • Sunset Acres Subdivision

Building Details

  • Operating Expense $32,409
  • Gross Income $108,300
  • Net Operating Income $88,809

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,251

Year Built

Built in 1958

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: N 24th St & E Mcdowell Rd
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 6
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Professional Management Expense: 5345.0
  • Subdivision Name: SUNSET ACRES
  • Tax Parcel Letter: A
  • Const - Finish:Const - Finish: Painted, Stucco
  • Cooling:Cooling: Central Air, Individual, Ceiling Fan(s)
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: SRP
  • Special:Special: Owner/Agent
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, Microwave, Washer/Dryer
  • Total Bedrooms: 12
  • Interior Features:Interior Features: Fire/Smoke Alarm(s)

Exterior Features

  • Disclosures: None
  • Construction Type: Block, Painted, Stucco
  • Roof: Composition
  • Exterior Amenities: Desert Landscaping

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: 1 Space/Unit, Carport, On Street
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 7.0
  • Parking Features:Parking Features: 1 Space/Unit, Carport, On Street

Utilities

  • Electric: SRP
  • Cooling: Central Air, Varies by Unit, Ceiling Fan(s)
  • Heating: Electric, Varies by Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: SW Gas

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Water Sewer Expense: 4850.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 20393
  • Additional Parcels: No
  • Parcel #: 120-29-048-A

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 7
  • Electric Expense: 8688.0
  • Annual Gross Income: 108300.0
  • Insurance Expense: 4625.24
  • Maintenance Expense: 4375.0
  • Property Net Operating Income: 88809.0
  • Annual Operating Expense: 32409.24
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2251.0
  • Tax Book Number: 120.0
  • Tax Lot: 27

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 $2,251 $16,663
2024 $2,141 $15,869
2023 $2,141 $70,820 $14,160 $56,660
2022 $2,057 $49,660 $9,930 $39,730
2021 $2,107 $41,330 $8,260 $33,070
2020 $2,056 $34,480 $6,890 $27,590
2019 $2,042 $28,770 $5,750 $23,020
2018 $2,000 $23,760 $4,750 $19,010
2017 $1,922 $22,400 $4,480 $17,920
2016 $1,848 $18,630 $3,720 $14,910
2015 $1,719 $16,650 $3,330 $13,320
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
08/27/2026 08/27/26 For Sale $1,300,000 +24.4% --
10/18/2021 10/18/21 Sold $1,045,000 -9.1% $1,045 / Sq Ft View Prior Sale
10/11/2021 10/11/21 Price Changed $1,150,000 0.0% $1,150 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
07/01/2021 07/01/21 For Sale $1,150,000 0.0% $1,150 / Sq Ft
07/01/2021 07/01/21 Price Changed $1,150,000 +10.0% $1,150 / Sq Ft
06/25/2021 06/25/21 Off Market $1,045,000 -- --
06/07/2021 06/07/21 Price Changed $1,290,000 -0.3% $1,290 / Sq Ft
05/20/2021 05/20/21 Price Changed $1,294,000 -0.1% $1,294 / Sq Ft
05/12/2021 05/12/21 For Sale $1,295,000 +91.9% $1,295 / Sq Ft
12/27/2019 12/27/19 Sold $675,000 -3.6% $675 / Sq Ft View Prior Sale
12/17/2019 12/17/19 Price Changed $699,999 0.0% $700 / Sq Ft
10/27/2019 10/27/19 Pending -- -- --
10/23/2019 10/23/19 Price Changed $699,999 -1.4% $700 / Sq Ft
09/04/2019 09/04/19 For Sale $710,000 +5.2% $710 / Sq Ft
07/30/2019 07/30/19 Off Market $675,000 -- --
07/11/2019 07/11/19 For Sale $710,000 -- $710 / 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 $1,045,000 Thomas Title & Escrow
Warranty Deed $665,000 Empire West Title Agency Llc
Cash Sale Deed $86,333 Chicago Title
Trustee Deed $103,735 None Available
Warranty Deed -- Fidelity National Title
Interfamily Deed Transfer -- Fidelity National Title
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 $1,005,270 Future Advance Clause Open End Mortgage
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7072442

Arizona Regional Multiple Listing Service (ARMLS)
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