$725,000
UNDER CONTRACT $50K PRICE DROP

2801 E Marconi Ave Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated payment $3,939/month

Total Views 2,152
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Clubhouse
  • Cooling Available
  • Ceiling Fan
  • Heated Community Pool
  • Community Barbecue Grill
  • Vinyl Flooring

About This Home

Turn Key 4plex in North Central Phoenix! Long term tenants with established market rent leases. A 1982 constructed building with a fantastic unit mix: One - 3bed/3bath, Two - 2bed/2bath units and One - 1bed/1bath. New ownership can realize immediate cash flow with room to improve income by renovating the 1bed/1bath unit.

Huge interiors with modern layouts and in-unit full size washer/dryer. Average sqft over 1000 sq ft/unit. Tenants pay their individually metered electric, while the landlord just pays the HOA dues (includes: water, sewer, trash, common area maintenance, and the pool). The building has 4 covered parking spaces and additional uncovered spaces available for tenant usage.

Listing Agent

Jackson Everhart

Orion Investment Real Estate License #SA689433000 Listed on: 06/11/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,446

Year Built

  • Built in 1982

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 8 Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • Free Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tax Lot 49
  • Assessor Parcel Number 214-39-077

Community Details

Overview

  • 4 Units
  • Building Dimensions are 80x120
  • Greenway Manor Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $11,946
  • Gross Income $69,444
  • Net Operating Income $57,498

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,446

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: 29th Street and Greenway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MF
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2024
  • Subdivision Name: GREENWAY MANOR
  • Cooling:Ceiling Fan(s): Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes
  • Community Features:Clubhouse: Yes
  • Community Features:Pool2: Yes
  • Community Features:Barbecue: Yes
  • Appliances Included:Built-In Electric Oven: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Built-Up

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Free, >1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Carport: Yes
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Electric, Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Clubhouse, Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 80x120
  • Additional Parcels: No
  • Parcel #: 214-39-077

Multi Family

  • Owner Pays: See Remarks
  • Number Of Units Total: 4
  • Annual Gross Income: 69444.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 57498.0
  • Annual Operating Expense: 11946.0

Tax Info

  • Tax Annual Amount: 1446.0
  • Tax Book Number: 214.00
  • Tax Lot: 49

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $1,484 $14,524 -- --
2024 $1,415 $13,832 -- --
2023 $1,415 $41,160 $8,230 $32,930
2022 $1,401 $28,210 $5,640 $22,570
2021 $1,405 $24,530 $4,900 $19,630
2020 $1,362 $21,660 $4,330 $17,330
2019 $1,364 $18,760 $3,750 $15,010
2018 $1,319 $16,380 $3,270 $13,110
2017 $1,264 $15,400 $3,080 $12,320
2016 $1,243 $14,020 $2,800 $11,220
2015 $1,151 $13,010 $2,600 $10,410
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2025 10/10/25 Price Changed $725,000 -2.0% --
08/13/2025 08/13/25 Price Changed $740,000 -2.6% --
07/29/2025 07/29/25 Price Changed $760,000 -1.9% --
06/11/2025 06/11/25 For Sale $775,000 +28.1% --
05/13/2022 05/13/22 Sold $605,000 +10.2% $167 / Sq Ft View Prior Sale
04/13/2022 04/13/22 For Sale $549,000 +80.0% $152 / Sq Ft
08/15/2019 08/15/19 Sold $305,000 -4.7% $84 / Sq Ft View Prior Sale
07/06/2019 07/06/19 Pending -- -- --
05/22/2019 05/22/19 For Sale $320,000 +60.1% $88 / Sq Ft
07/29/2016 07/29/16 Sold $199,900 0.0% $55 / Sq Ft View Prior Sale
06/28/2016 06/28/16 Pending -- -- --
06/11/2016 06/11/16 For Sale $199,900 +20.4% $55 / Sq Ft
09/29/2014 09/29/14 Sold $166,000 -1.1% $46 / Sq Ft View Prior Sale
08/26/2014 08/26/14 Pending -- -- --
03/30/2014 03/30/14 For Sale $167,900 -- $46 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Interfamily Deed Transfer -- Magnus Title Agency Llc
Warranty Deed $305,000 Magnus Title Agency Llc
Warranty Deed $199,900 Lawyers Title Of Arizona Inc
Warranty Deed $166,000 Lawyers Title Of Arizona Inc
Warranty Deed $325,000 Chicago Title Insurance Comp
Special Warranty Deed $380,000 None Available
Warranty Deed $380,000 Tsa Title Agency
Special Warranty Deed $17,300,000 --
Special Warranty Deed $12,100,000 Fidelity National Title
Warranty Deed -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $228,750 New Conventional
Previous Owner $196,278 FHA
Previous Owner $162,993 FHA
Previous Owner $243,000 New Conventional
Previous Owner $304,000 Fannie Mae Freddie Mac
Previous Owner $13,125,000 Commercial
Previous Owner $11,257,450 Commercial
Previous Owner $700,000 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6878531

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-077

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2801 E Marconi Ave, Phoenix, AZ

Under Contract

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Jackson Everhart
Listing Agent
Jackson Everhart
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Orion Investment Real Estate
(480) 634-6934