$519,000
$40K PRICE DROP

Estimated payment $2,933/month

Total Views 3,642
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Carpet
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

Introducing this well-kept Tri-plex property, currently fully occupied and providing a reliable source of income with the opportunity to increase rents. Each unit features a private rear patio offering tenants a cozy outdoor space. Conveniently situated near I-17 and public transit, it's an accessible choice for renters. Whether you're seeking a steady investment or a functional rental property, this Tri-plex offers a simple yet practical option in a convenient location.

Listing Agent

Andrew Thruston

P.J. Hussey & Associates, Inc Brokerage Phone: 623-930-7700 License #BR549524000 Listed on: 05/29/2025

Co-Listing Agent

Ashley Everts

P.J. Hussey & Associates, Inc Brokerage Phone: 623-930-7700 License #BR637677000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $791

Year Built

  • Built in 1964

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Vinyl

Parking

  • 3 Open Parking Spaces
  • 7 Parking Spaces
  • 4 Covered Spaces

Schools

  • Augustus H. Shaw Montessori Elementary And Middle School
  • Phoenix Union Bioscience High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 109-32-028

Community Details

Overview

  • 3 Units
  • Building Dimensions are 7000
  • Capitol Addition Subdivision

Building Details

  • Operating Expense $791
  • Gross Income $41,957
  • Net Operating Income $37,213

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$791

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: 19TH AVE AND ADAMS
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2024
  • Attribution Contact: 623-930-7700
  • Road Surface Type: Gravel
  • Co List Office Mls Id: huss01
  • Co List Office Phone: 623-930-7700
  • Subdivision Name: CAPITOL ADDITION
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 7.0

Utilities

  • Electric: APS
  • Cooling: Electric, Individual
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Elementary School: Augustus H. Shaw Montessori
  • High School: Phoenix Union Bioscience High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Augustus H. Shaw Montessori

Lot Info

  • Lot Size: 7000
  • Additional Parcels: No
  • Parcel #: 109-32-028

Multi Family

  • Owner Pays: Gas
  • Number Of Units Total: 3
  • Annual Gross Income: 41956.75
  • Property Net Operating Income: 37213.0
  • Annual Operating Expense: 791.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 791.0
  • Tax Book Number: 109.00
  • Tax Lot: 4

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 $791 $5,918 -- --
2024 $784 $5,636 -- --
2023 $784 $27,180 $5,430 $21,750
2022 $756 $18,310 $3,660 $14,650
2021 $750 $16,550 $3,310 $13,240
2020 $759 $14,130 $2,820 $11,310
2019 $758 $12,070 $2,410 $9,660
2018 $745 $9,650 $1,930 $7,720
2017 $727 $9,070 $1,810 $7,260
2016 $707 $6,860 $1,370 $5,490
2015 $654 $5,930 $1,180 $4,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2025 07/12/25 Price Changed $519,000 -1.9% --
06/25/2025 06/25/25 Price Changed $529,000 -1.9% --
06/12/2025 06/12/25 Price Changed $539,000 -3.6% --
05/29/2025 05/29/25 For Sale $559,000 +349.0% --
11/14/2014 11/14/14 Sold $124,500 -2.7% $59 / Sq Ft
10/03/2014 10/03/14 Pending -- -- --
09/25/2014 09/25/14 For Sale $128,000 -- $61 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $152,500 Lawyers Title Of Arizona Inc
Interfamily Deed Transfer -- Lawyers Title Of Arizona Inc
Interfamily Deed Transfer -- Lawyers Title Of Arizona Inc
Warranty Deed $124,500 Lawyers Title Of Arizona Inc
Warranty Deed -- Equity Title Agency Inc
Warranty Deed $222,000 Driggs Title Agency Inc
Cash Sale Deed $51,000 Multiple
Trustee Deed $225,898 Great American Title
Interfamily Deed Transfer -- Security Title Agency Inc
Warranty Deed $130,000 Lawyers Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,000 Future Advance Clause Open End Mortgage
Closed $149,496 Purchase Money Mortgage
Previous Owner $122,244 FHA
Previous Owner $100,000 Purchase Money Mortgage
Previous Owner $72,336 Unknown
Previous Owner $85,140 Unknown
Previous Owner $222,000 Purchase Money Mortgage
Previous Owner $196,000 New Conventional
Previous Owner $14,400 Credit Line Revolving
Previous Owner $21,500 Unknown
Previous Owner $153,000 Unknown
Previous Owner $104,000 New Conventional
Closed $26,000 No Value Available
Source: Public Records

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6872865

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-32-028