$435,000

1815 E Pueblo Ave Phoenix, AZ 85040

South Mountain Neighborhood

Estimated payment $2,369/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

Discover an exceptional value-add multifamily opportunity at Three on Pueblo, a well-located triplex just minutes from Downtown Phoenix, major employment hubs, and key freeway connections. This property features two spacious 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, offering a strong foundation for rental growth in one of Phoenix's most active investment corridors. Property Highlights
Unit Mix:
• (2) Two-Bed / One-Bath Units
• (1) One-Bed / One-Bath Unit
Current Rents (Significantly Under Market
• $900 (2BR)
• $850 (2BR)
• $725 (1BR)
Market Rent Potential:
• 1BR: $1,050+
• 2BR: $1,150-$1,195+
Immediate Value-Add: With rents well below market, investors can quickly improve cash flow and property value. Drive by only all facts and figures are approximate buyer verify information per MLS and other information

Listing Agent

Sophia Baron

Grace CRE License #BR648866000 Listed on: 11/24/2025

Co-Listing Agent

Garrett Pedicini

Grace CRE License #SA687268000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $866

Year Built

  • Built in 1986

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Over 1 Space Per Unit
  • Paved Parking

Schools

  • Bernard Black Elementary School
  • Cesar E Chavez Community Middle School
  • Cesar Chavez High School

Utilities

  • Evaporated cooling system
  • Multiple cooling system units
  • Heating Available

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 122-38-097

Community Details

Overview

  • 3 Units
  • Building Dimensions are IRR
  • Belmont Park Blks 2 4 6 Subdivision

Building Details

  • Operating Expense $10,930
  • Gross Income $39,216
  • Net Operating Income $28,286

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$866

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: 18th Street & Broadway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: 35
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2024
  • Professional Management Expense: 2064.0
  • Co List Office Mls Id: grcr001
  • Co List Office Phone: 602-975-5516
  • Subdivision Name: BELMONT PARK BLKS 2 4 6
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: SRP
  • Cooling: Evaporative Cooling, 2 or More Units
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Bernard Black Elementary School
  • High School: Cesar Chavez High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Cesar E Chavez Community School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 122-38-097

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Electric Expense: 2400.0
  • Annual Gross Income: 39216.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 28286.0
  • Annual Operating Expense: 10930.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 866.0
  • Tax Book Number: 122.00
  • Tax Lot: 7

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $889 $5,896 -- --
2024 $841 $5,616 -- --
2023 $841 $28,810 $5,760 $23,050
2022 $825 $18,420 $3,680 $14,740
2021 $841 $15,110 $3,020 $12,090
2020 $831 $13,460 $2,690 $10,770
2019 $804 $13,460 $2,690 $10,770
2018 $782 $9,900 $1,980 $7,920
2017 $746 $8,330 $1,660 $6,670
2016 $709 $7,280 $1,450 $5,830
2015 $668 $5,710 $1,140 $4,570
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2025 11/24/25 For Sale $435,000 0.0% --
02/15/2016 02/15/16 Rented $545 0.0% --
02/12/2016 02/12/16 Under Contract -- -- --
01/20/2016 01/20/16 For Rent $545 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Trustee Deed $131,751 Magnus Title Agency
Special Warranty Deed $139,900 Magnus Title Agency
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6951187

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-38-097

Arizona Maricopa County Phoenix 85040 South Mountain

1815 E Pueblo Ave, Phoenix, AZ

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Sophia Baron
Listing Agent
Sophia Baron
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Grace CRE
(623) 432-5302