$765,000
$10K PRICE DROP

Estimated payment $4,373/month

Total Views 3,086
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceiling Fan
  • Partially Fenced Property
  • Phoenix Coding Academy Rated A

About This Home

Opportunities like this are genuinely rare in central Phoenix. Situated on a nearly 8,000 square foot lot in the heart of the Encanto neighborhood, this property offers two fully separate homes, a 3-bedroom, 2-bath main house and a 4-bedroom, 2-bath guest house, each with its own living space, garden, kitchen, and entrance. Live in one and let the other help carry the mortgage. House extended family. Or lease both. The lot gives you options that most properties simply cannot. Current tenants are month to month and interested in signing year long leases. Both houses have private fenced yards with their own private grassy outdoor spaces. The front house carries the charm of its 1940 bones while delivering the comfort of a fully updated home, with granite counters, in-unit laundry, and a layout that lives larger than the square footage suggests. The back house 4 bed 2 bath is newly built in 2022 and ready for occupancy with master suite, granite counters, large bedrooms and an open floor family room and kitchen. Two homes. One address. An income stream built in from day one.
The location makes both homes remarkably easy to rent and even easier to love. Downtown Phoenix is minutes away, putting Chase Field, Footprint Center, the arts district, and the city's best restaurants within a short drive or rideshare. Phoenix Children's Hospital is right around the corner, making this address a natural fit for traveling medical staff or a generational family home. There are so many options to make this property work for you!

Listing Agent

Mason Weiss

Barrett Real Estate License #SA697837000 Listed on: 06/03/2026

Barrett Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,887

Year Built

  • Built in 1940

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • On-Street Parking

Schools

  • Biltmore Preparatory Academy Elementary And Middle School

Utilities

  • Cooling Available
  • Natural Gas Not Available

Additional Features

  • Ceiling Fan
  • Partially Fenced Property

Listing and Financial Details

  • The owner pays for water, sewer, trash collection
  • Tax Lot 50
  • Assessor Parcel Number 117-06-088

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 7900 Sq Ft
  • Greenfield Acres Tract 2 Subdivision

Building Details

  • Operating Expense $2,887
  • Gross Income $57,570
  • Net Operating Income $57,570

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,887

Year Built

Built in 1940

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 16TH STREET AND THOMAS
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1940
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Subdivision Name: GREENFIELD ACRES TRACT 2
  • Const - Finish:Const - Finish: Other (See Remarks)
  • Cooling:Cooling: Electric, Ceiling Fan(s)
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: APS
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Microwave, Built-In Electric Oven

Exterior Features

  • Disclosures: None
  • Construction Type: Other
  • Roof: Other
  • Exterior Amenities: Landscape Water System, Partially Fenced

Garage/Parking

  • Parking Features: On Street
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • Parking Features:Parking Features: On Street

Utilities

  • Electric: APS
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: See Remarks
  • Cooling Y N: Yes
  • Water Source: City Franchise
  • Gas:Gas: None

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Elementary School: Biltmore Preparatory Academy
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Biltmore Preparatory Academy

Lot Info

  • Lot Size: 7900 Sq Ft
  • Additional Parcels: No
  • Parcel #: 117-06-088

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection
  • Tenant Pays: Electricity
  • Number Of Units Total: 2
  • Annual Gross Income: 57570.0
  • Property Net Operating Income: 57570.0
  • Annual Operating Expense: 2887.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2887.0
  • Tax Book Number: 117.0
  • Tax Lot: 50

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 $2,887 $24,163
2024 $2,742 $22,205
2023 $2,742 $38,450 $7,690 $30,760
2022 $518 $19,960 $3,990 $15,970
2021 $531 $16,620 $3,320 $13,300
2020 $518 $15,330 $3,060 $12,270
2019 $514 $11,610 $2,320 $9,290
2018 $504 $8,680 $1,730 $6,950
2017 $484 $7,900 $1,580 $6,320
2016 $465 $6,110 $1,220 $4,890
2015 $433 $4,510 $900 $3,610
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
06/24/2026 06/24/26 Price Changed $765,000 -1.3% --
06/03/2026 06/03/26 For Sale $775,000 +3.3% --
09/24/2022 09/24/22 Sold $750,000 -6.3% $288 / Sq Ft View Prior Sale
08/13/2022 08/13/22 For Sale $800,000 +863.9% $308 / Sq Ft
04/23/2014 04/23/14 Sold $83,000 +3.9% $72 / Sq Ft View Prior Sale
04/01/2014 04/01/14 Pending -- -- --
03/27/2014 03/27/14 For Sale $79,900 -- $69 / 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 -- None Listed On Document
Warranty Deed $750,000 American Title Services
Warranty Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $83,000 Fidelity National Title Agen
Interfamily Deed Transfer $50,000 Great American Title Agency
Cash Sale Deed $50,000 None Available
Cash Sale Deed $37,000 Security Title Agency
Trustee Deed $203,059 Security Title Agency
Interfamily Deed Transfer -- Magnus Title Agency
Interfamily Deed Transfer -- Magnus Title Agency
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Warranty Deed $165,000 Camelback Title Agency Llc
Interfamily Deed Transfer -- --
Warranty Deed $82,500 Chicago Title Insurance Co
Interfamily Deed Transfer $17,487 First American 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
Previous Owner $675,000 New Conventional
Previous Owner $200,000 Commercial
Previous Owner $455,000 Future Advance Clause Open End Mortgage
Previous Owner $576,200 Stand Alone Refi Refinance Of Original Loan
Previous Owner $83,000 Purchase Money Mortgage
Previous Owner $40,700 FHA
Previous Owner $187,000 Unknown
Previous Owner $156,750 Fannie Mae Freddie Mac
Previous Owner $93,600 New Conventional
Previous Owner $10,000 Seller Take Back
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7037654

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-06-088

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