$660,000
$40K PRICE DROP

2838 E Le Marche Ave Phoenix, AZ 85032

Paradise Valley Village Neighborhood

Estimated payment $3,630/month

Total Views 2,757
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Heated Community Pool
  • Community Playground
  • Ceiling Fan
  • Cooling Available
  • Community Barbecue Grill
  • 5-minute walk to Palomino Park

About This Home

Investor's Delight for CASH FLOW! All units rented, 2br/2ba each for 3 Units with inside laundry. Unit 103 is a 1.5ba. Ideal location to schools close by, Loop 101 and 51, Desert Ridge, Scottsdale & Downtown Phoenix, DRIVE BY ONLY, DO NOT DISTURB TENANTS. There are 4 Leased Units that are each 2 Bedrooms. Average Rent is $1,467 per Unit., totaling $$5,866 Gross Rent/monthly..

Listing Agent

Eddy Parris

Re/Max Fine Properties License #BR015431000 Listed on: 04/18/2025

Re/Max Fine Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,370

Year Built

  • Built in 1982

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Carport

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 214-39-046

Community Details

Overview

  • 4 Units
  • Building Dimensions are 5808
  • Greenway Manor Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $9,703
  • Gross Income $70,392
  • Net Operating Income $62,059

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,370

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: 32nd St & Greenway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2024
  • Directions: West to 29th St, N to Marconi/Entrance to Palomino Point. Straight to stop sign, N on 28th Place, E on Le Marche Ave to Bldg 18
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: GREENWAY MANOR
  • Cooling:Ceiling Fan(s): Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Community Features Play Area: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Built-In Range, Disposal, Refrigerator, Built-In Electric Oven, Washer/Dryer, W/D Hookup
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: 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: <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

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Ceiling Fan(s), Electric, Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Play Area, Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 5808
  • Additional Parcels: No
  • Parcel #: 214-39-046

Multi Family

  • Owner Pays: Pool Maintenance, Trash Collection, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 70392.0
  • Property Net Operating Income: 62059.0
  • Annual Operating Expense: 9702.92

Tax Info

  • Tax Annual Amount: 1370.0
  • Tax Book Number: 214.00
  • Tax Lot: 18

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 $1,370 $13,760 -- --
2024 $1,341 $13,105 -- --
2023 $1,341 $38,970 $7,790 $31,180
2022 $1,328 $26,780 $5,350 $21,430
2021 $1,331 $22,920 $4,580 $18,340
2020 $1,290 $20,260 $4,050 $16,210
2019 $1,292 $17,920 $3,580 $14,340
2018 $1,250 $15,750 $3,150 $12,600
2017 $1,198 $14,870 $2,970 $11,900
2016 $1,178 $13,300 $2,660 $10,640
2015 $1,091 $12,500 $2,500 $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2025 09/05/25 Price Changed $660,000 -2.9% --
08/04/2025 08/04/25 For Sale $680,000 0.0% --
07/24/2025 07/24/25 Pending -- -- --
07/17/2025 07/17/25 Price Changed $680,000 -2.9% --
04/18/2025 04/18/25 For Sale $700,000 +35.9% --
09/30/2021 09/30/21 Sold $515,000 0.0% $142 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
09/07/2021 09/07/21 Off Market $515,000 -- --
09/04/2021 09/04/21 For Sale $499,999 0.0% $138 / Sq Ft
08/08/2021 08/08/21 Pending -- -- --
08/01/2021 08/01/21 For Sale $499,999 +72.7% $138 / Sq Ft
12/28/2018 12/28/18 Sold $289,600 +0.2% $80 / Sq Ft
11/09/2018 11/09/18 Price Changed $289,000 -3.3% $80 / Sq Ft
10/25/2018 10/25/18 For Sale $299,000 +55.3% $83 / Sq Ft
09/12/2016 09/12/16 Sold $192,500 +1.9% $53 / Sq Ft
08/11/2016 08/11/16 Pending -- -- --
07/13/2016 07/13/16 For Sale $189,000 -- $52 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $515,000 Pioneer Title Agency Inc
Interfamily Deed Transfer -- Premier Title Agency
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $289,600 First American Title Insuran
Warranty Deed $191,500 Lawyers Title Of Arizona Inc
Cash Sale Deed $106,000 First American Title Ins Co
Cash Sale Deed $119,500 Old Republic Title Agency
Trustee Deed $310,000 Old Republic Title Agency
Quit Claim Deed -- Tsa Title Agency
Warranty Deed $380,000 Tsa Title Agency
Special Warranty Deed $17,300,000 --
Special Warranty Deed $12,100,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $386,250 New Conventional
Previous Owner $200,200 New Conventional
Previous Owner $217,200 Adjustable Rate Mortgage/ARM
Previous Owner $188,030 FHA
Previous Owner $304,000 Purchase Money Mortgage
Previous Owner $13,125,000 Commercial
Previous Owner $11,257,450 Commercial
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6853924

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-046

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2838 E Le Marche Ave, Phoenix, AZ

This home is located at 2838 E Le Marche Ave, Phoenix, AZ 85032 and is currently priced at $660,000. This property was built in 1982. 2838 E Le Marche Ave is a home located in Maricopa County with nearby schools including Palomino Primary School, Palomino Intermediate School, and Greenway Middle School.

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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Eddy Parris
Listing Agent
Eddy Parris
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Re/Max Fine Properties
(602) 643-0225