$450,000

Estimated payment $2,522/month

Total Views 2,500
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Central Air
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Washington High School Rated A-

About This Home

5 Unit building Mid-construction, Pre-app approved, Currently under site plan review pending with city due shortly. Come finish this property now and take advantage of a true value-add opportunity.

Redevelopment opportunity in Central Phoenix. This half-finished structure is framed for five residential units and sits on a ±17,424 SF lot with alley access. The building is currently in shell condition — wood framing is complete, and some plumbing has been installed. The site layout allows for 12 future parking spaces at the rear of the property. Located in an established residential neighborhood just south of Northern Avenue, this project is ideal for investors or builders looking to complete and lease or sell in a high-demand infill location. All buyers to verify zoning,

Listing Agent

Simon Enwia, CCIM

SENW License #BR705313000 Listed on: 08/05/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,740

Year Built

  • Built in 2025

Home Design

  • Wood Frame Construction
  • Adobe

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Schools

  • Washington Elementary School
  • Glendale High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Additional Features

  • Concrete Flooring
  • Property fronts an alley

Listing and Financial Details

  • Tax Lot 98
  • Assessor Parcel Number 157-22-021

Community Details

Overview

  • 5 Units
  • Building Dimensions are N/A
  • Vista Income Estates 2 Subdivision

Building Details

  • Operating Expense $1,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,740

Year Built

Built in 2025

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2025
  • Tax Year: 2024
  • Directions: North Phoenix / Deer Valley • South on I-17 → Exit 206 Northern Ave → east (left) 1 mi → right on 23rd Ave → left on Morten Ave; property mid-block on right. South / Downtown Phoenix • North on I-17 → Exit 205 Glendale Ave → east (right) 0.8 mi → left on 23rd Ave → right on Morten Ave.
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s)
  • Subdivision Name: VISTA INCOME ESTATES 2
  • Garage Yn: Yes
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Wood Frame, Adobe
  • Roof: See Remarks
  • Construction:Adobe: Yes

Garage/Parking

  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking Features:Garage: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: See Remarks

Schools

  • Elementary School: Washington Elementary School
  • High School: Glendale High School
  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: N/A
  • Additional Parcels: No
  • Parcel #: 157-22-021

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 5
  • Annual Operating Expense: 1740.0

Tax Info

  • Tax Annual Amount: 1740.0
  • Tax Book Number: 157.00
  • Tax Lot: 98

Map

Range of Values:

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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 $1,740 $14,226 -- --
2024 $1,708 $13,549 -- --
2023 $1,708 $27,950 $5,590 $22,360
2022 $1,442 $21,510 $4,300 $17,210
2021 $1,674 $19,500 $3,900 $15,600
2020 $1,632 $18,260 $3,650 $14,610
2019 $1,602 $15,660 $3,130 $12,530
2018 $1,560 $13,850 $2,770 $11,080
2017 $905 $11,470 $2,290 $9,180
2016 $888 $10,410 $2,080 $8,330
2015 $823 $9,510 $1,900 $7,610
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2025 08/05/25 For Sale $450,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $255,000 Magnus Title
Warranty Deed $225,000 None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed $225,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Warranty Deed $157,500 Security Title Agency
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $149,600 New Conventional
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6901671

Arizona Regional Multiple Listing Service (ARMLS)

APN: 157-22-021