$459,000
$100K PRICE DROP

Estimated payment $2,562/month

Total Views 4,783
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

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

About This Home

Complete sewer line replacement in late 2023. All cast iron pipes have been removed and replaced with ABS. All new water heaters at the same time. Washer and dryer connections were added so each unit has private laundry. All new tubs and surrounds, new bathroom floors, vanity cabinets and paint.
This well-kept Tri-plex property has a very low expense ratio and long term tenants. 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. If you're seeking a steady investment 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 $8,364
  • Gross Income $43,020
  • Net Operating Income $34,215

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, Asphalt
  • 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, Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 43020.0
  • Property Net Operating Income: 34215.27
  • Annual Operating Expense: 8364.09

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
08/16/2025 08/16/25 Price Changed $459,000 -4.2% --
08/06/2025 08/06/25 Price Changed $479,000 -4.2% --
07/19/2025 07/19/25 Price Changed $499,900 -3.7% --
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