1950 E Yale St Phoenix, AZ 85006
Central City NeighborhoodEstimated payment $4,470/month
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating Available
- Phoenix Coding Academy Rated A
About This Home
Excellent investment opportunity in the heart of Phoenix! This centrally located triplex offers strong rental appeal and immediate income potential, as all units are currently fully leased. The property features two units with 2 bedrooms and 1 bathroom, plus a spacious third unit offering 3 bedrooms and 2 bathrooms — ideal for attracting a variety of tenants. Each unit has been thoughtfully updated with modern finishes, including wood-look flooring, neutral color palettes, recessed lighting, and stylish kitchens complete with white shaker cabinetry, quartz countertops, stainless steel appliances, and tile backsplash. Residents enjoy private covered patios, front turf areas, and the convenience of in-unit washer and dryer — features that enhance tenant satisfaction and retention. Situated near major freeways, downtown Phoenix, Chase Field, ASU, Phoenix Children's Hospital, shopping, dining, and public transportation, this property offers both convenience and long-term desirability. Easy to manage and located in a high-demand rental corridor, this is an ideal addition to any investment portfolio. Don't miss this opportunity to own a well-maintained multi-family property in a prime central location!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,247
Year Built
- Built in 1961
Home Design
- Composition Roof
- Block Exterior
Flooring
- Ceramic Tile Flooring
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
- Paved Parking
Schools
- William T Machan Elementary School
- Camelback High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tax Lot 123
- Assessor Parcel Number 117-06-112-A
Community Details
Overview
- 3 Units
- Building Dimensions are 8468
Building Details
- Operating Expense $1,247
- Net Operating Income $61,273
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,247 | $9,236 | -- | -- |
| 2024 | $1,187 | $8,796 | -- | -- |
| 2023 | $1,187 | $39,980 | $7,990 | $31,990 |
| 2022 | $1,140 | $30,280 | $6,050 | $24,230 |
| 2021 | $1,168 | $23,730 | $4,740 | $18,990 |
| 2020 | $1,140 | $20,730 | $4,140 | $16,590 |
| 2019 | $1,132 | $18,170 | $3,630 | $14,540 |
| 2018 | $1,108 | $15,820 | $3,160 | $12,660 |
| 2017 | $1,066 | $13,900 | $2,780 | $11,120 |
| 2016 | $1,024 | $11,570 | $2,310 | $9,260 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/13/2026 02/13/26 | For Sale | $850,000 | +587.1% | -- | |
| 02/28/2014 02/28/14 | Sold | $123,700 | -11.0% | $48 / Sq Ft | View Prior Sale |
| 02/14/2014 02/14/14 | Pending | -- | -- | -- | |
| 01/31/2014 01/31/14 | For Sale | $139,000 | -- | $54 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $750,000 | Pioneer Title | |
| Warranty Deed | $500,000 | New Title Company Name | |
| Cash Sale Deed | $123,700 | American Title Service Agenc | |
| Quit Claim Deed | -- | American Title Service Agenc | |
| Special Warranty Deed | $50,700 | Security Title Agency | |
| Trustee Deed | $57,150 | Accommodation | |
| Joint Tenancy Deed | -- | Transnation Title | |
| Interfamily Deed Transfer | -- | Transnation Title Insurance | |
| Warranty Deed | $116,000 | Security Title Agency | |
| Warranty Deed | $88,000 | Nations Title Insurance | |
| Warranty Deed | $64,000 | Chicago Title Insurance Co | |
| Warranty Deed | $54,000 | Fidelity Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $465,000 | New Conventional | |
| Previous Owner | $525,000 | Construction | |
| Previous Owner | $49,700 | New Conventional | |
| Previous Owner | $109,750 | Stand Alone First | |
| Previous Owner | $108,500 | No Value Available | |
| Previous Owner | $70,400 | New Conventional | |
| Previous Owner | $63,804 | FHA |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6984600
APN: 117-06-112A
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.
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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Ask me questions while you tour the home.