$1,350,000
SOLD AUG 6, 2025
-- Bed
-- Bath
1,050 Sq Ft
1964 Built

Recently Sold

$1,286 Per Sq Ft

27% Below List Price

298 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Window Unit Heating System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of August 2025

Located in an Opportunity Zone!

McKinley apartments is a 10-unit multifamily opportunity located in the East Side Submarket of Phoenix, Arizona. Originally built in 1964 and updated under current and prior ownership, this asset is strategically positioned near the Phoenix Sky Harbor International Airport. Supporting this location are several economic drivers including education, leisure and hospitality, and financial services. The roof is in like-new condition, the entire exterior has been refinished, and interiors have received updates to accommodate the current tenant base.
Additionally, the property has a strong rapport with HOM Inc, providing strong rents and hands-off marketing.

Last Agent to Sell the Property

Colt Siler

Orion Investment Real Estate License #SA691810000 Listed on: 09/12/2024

Co-Listed By

Garrett Hemeyer

Orion Investment Real Estate License #SA684184000

Last Buyer's Agent

Colt Siler

Orion Investment Real Estate License #SA691810000 Listed on: 09/12/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,070

Year Built

  • Built in 1964

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

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

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Heating System

Listing and Financial Details

  • The owner pays for electricity, trash collection, water, sewer
  • Tax Lot 22
  • Assessor Parcel Number 116-03-090-G

Community Details

Overview

  • 10 Units
  • Building Dimensions are Normal
  • Monmouth Park Lots 13 24 Subdivision

Building Details

  • Operating Expense $2,070
  • Gross Income $153,083
  • Net Operating Income $130,261

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,070

Year Built

Built in 1964

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 21st Place & McKinley St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: mlso106
  • Co List Office Phone: 480-634-6934
  • Subdivision Name: MONMOUTH PARK LOTS 13-24
  • Tax Parcel Letter: G
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 15.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Window/Wall Unit
  • Heating: Window/Wall Unit(s), Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: Normal
  • Additional Parcels: No
  • Parcel #: 116-03-090-G

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer
  • Number Of Units Total: 10
  • Annual Gross Income: 153082.7
  • Property Net Operating Income: 130260.71
  • Annual Operating Expense: 2070.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2070.0
  • Tax Book Number: 116.00
  • Tax Lot: 22
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/06/2025 08/06/25 Sold $1,350,000 -15.6% $1,286 / Sq Ft
06/18/2025 06/18/25 Price Changed $1,599,000 -5.9% $1,523 / Sq Ft
05/16/2025 05/16/25 Price Changed $1,699,000 -1.5% $1,618 / Sq Ft
03/26/2025 03/26/25 Price Changed $1,725,000 -6.8% $1,643 / Sq Ft
03/03/2025 03/03/25 For Sale $1,850,000 +37.0% $1,762 / Sq Ft
03/01/2025 03/01/25 Off Market $1,350,000 -- --
09/12/2024 09/12/24 For Sale $1,850,000 +12.1% $1,762 / Sq Ft
08/31/2023 08/31/23 Sold $1,650,000 0.0% $1,571 / Sq Ft View Prior Sale
08/13/2023 08/13/23 For Sale $1,650,000 +289.2% $1,571 / Sq Ft
05/18/2016 05/18/16 Sold $424,000 -0.2% $404 / Sq Ft View Prior Sale
05/01/2016 05/01/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $425,000 -- $405 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $2,176 $16,107 -- --
2024 $2,070 $15,340 -- --
2023 $2,070 $75,400 $15,080 $60,320
2022 $1,989 $54,160 $10,830 $43,330
2021 $2,037 $47,210 $9,440 $37,770
2020 $1,987 $39,360 $7,870 $31,490
2019 $1,973 $31,550 $6,310 $25,240
2018 $1,933 $25,030 $5,000 $20,030
2017 $1,858 $24,270 $4,850 $19,420
2016 $1,786 $19,480 $3,890 $15,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6757832

Arizona Regional Multiple Listing Service (ARMLS)
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