$799,000
$220K PRICE DROP

Estimated payment $4,312/month

Total Views 6,565
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

Downtown Phoenix 7-Units. Value-add opportunity. Offered at $114,000 per unit. Tenants are all month to month. Strong in-place rents.

Listing Agent

Zachary Coty

Compass License #SA697361000 Listed on: 07/17/2025

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $853

Year Built

  • Built in 1935

Home Design

  • Composition Roof

Flooring

  • Vinyl Flooring

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Over 1 Space Per Unit

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 109-49-120

Community Details

Overview

  • 3 Buildings
  • 7 Units
  • Building Dimensions are 7,000
  • Capitol Addition Subdivision

Building Details

  • Operating Expense $22,733
  • Gross Income $96,030
  • Net Operating Income $73,879

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$853

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Cross Street: Jefferson St & 20th Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1935
  • Tax Year: 2024
  • Subdivision Name: CAPITOL ADDITION
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Refrigerator, Built-In Electric Oven, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Built-In Electric Oven: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: See Remarks
  • Roof: Composition

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 7.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Other
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: See Remarks, No Pool

Fee Information

  • Annual Fuel Expense: 1080.0
  • Annual Water Sewer Expense: 4800.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 7,000
  • Additional Parcels: No
  • Parcel #: 109-49-120

Multi Family

  • Owner Pays: Gas, Electricity, Water, Sewer
  • Number Of Units Total: 7
  • Electric Expense: 6000.0
  • Annual Gross Income: 96030.0
  • Insurance Expense: 6000.0
  • Maintenance Expense: 4000.0
  • Property Net Operating Income: 73879.0
  • Annual Operating Expense: 22733.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 853.0
  • Tax Book Number: 109.00
  • Tax Lot: 24

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 $906 $6,379 -- --
2024 $845 $6,076 -- --
2023 $845 $31,960 $6,390 $25,570
2022 $815 $21,210 $4,240 $16,970
2021 $809 $18,500 $3,700 $14,800
2020 $818 $15,050 $3,010 $12,040
2019 $817 $13,230 $2,640 $10,590
2018 $803 $10,900 $2,180 $8,720
2017 $784 $9,820 $1,960 $7,860
2016 $762 $7,080 $1,410 $5,670
2015 $705 $6,300 $1,260 $5,040
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/03/2025 11/03/25 Price Changed $799,000 -3.2% --
10/29/2025 10/29/25 Price Changed $825,000 -9.8% --
09/29/2025 09/29/25 Price Changed $915,000 -6.6% --
08/19/2025 08/19/25 Price Changed $979,500 -3.9% --
07/17/2025 07/17/25 For Sale $1,019,000 +101.8% --
10/19/2023 10/19/23 Sold $505,000 -8.2% $721 / Sq Ft View Prior Sale
09/27/2023 09/27/23 Pending -- -- --
08/31/2023 08/31/23 For Sale $550,000 +107.5% $786 / Sq Ft
10/18/2019 10/18/19 Sold $265,000 -3.6% $379 / Sq Ft View Prior Sale
10/08/2019 10/08/19 Pending -- -- --
10/03/2019 10/03/19 For Sale $275,000 0.0% $393 / Sq Ft
09/27/2019 09/27/19 Pending -- -- --
09/26/2019 09/26/19 For Sale $275,000 0.0% $393 / Sq Ft
09/26/2019 09/26/19 Price Changed $275,000 -5.1% $393 / Sq Ft
08/26/2019 08/26/19 Pending -- -- --
08/14/2019 08/14/19 Price Changed $289,900 -3.3% $414 / Sq Ft
08/13/2019 08/13/19 For Sale $299,900 0.0% $428 / Sq Ft
07/29/2019 07/29/19 Pending -- -- --
06/25/2019 06/25/19 For Sale $299,900 0.0% $428 / Sq Ft
06/20/2019 06/20/19 Pending -- -- --
06/14/2019 06/14/19 For Sale $299,900 -- $428 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $505,000 Pioneer Title Services
Warranty Deed $268,762 Magnus Title Agency
Warranty Deed $265,000 Equity Title Agency Inc
Warranty Deed $150,000 Stewart Title & Trust Of Pho
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $382,500 New Conventional
Previous Owner $120,000 Purchase Money Mortgage
Closed $15,000 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6893837

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-49-120