$899,999
$50K PRICE DROP

Estimated payment $4,999/month

Total Views 3,419
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Patio
  • Forced Air Heating and Cooling System
  • Desert Landscape
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

Each unit offers updated kitchens and bathrooms, modern finishes, newer HVAC's, a re-coated roof in 2021, and an in-suite washer and dryer. Residents enjoy a walkable neighborhood just minutes from Arcadia Lite dining, the Camelback Corridor, and major employment centers, including Phoenix Children's Hospital. Flexible residential financing options are available for small multifamily properties. Reach out about oportunity to acquire up to 24 units in the immediate area, offering a rare assemblage opportunity in one of Phoenix's most desirable infill neighborhoods.

Listing Agent

Cody Leslie

Orion Investment Real Estate License #SA712178000 Listed on: 03/09/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,654

Year Built

  • Built in 1964

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Parking Available
  • Free Parking
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Gas Available

Additional Features

  • Ceiling Fan
  • Patio
  • Desert Landscape

Listing and Financial Details

  • The owner pays for water, sewer, gas, trash collection, landscaping
  • Tax Lot 83
  • Assessor Parcel Number 127-21-009-C

Community Details

Overview

  • 4 Units
  • Building Dimensions are Unknown
  • Citrus Acres Lots 1 Thru 20 Subdivision

Building Details

  • Operating Expense $19,760
  • Gross Income $75,115
  • Net Operating Income $55,738

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,654

Year Built

Built in 1964

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 38th St & Thomas
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4081.9
  • Subdivision Name: CITRUS ACRES LOTS 1 THRU 20
  • Tax Parcel Letter: C
  • Const - Finish:Const - Finish: Painted
  • Cooling:Cooling: Central Air, Ceiling Fan(s)
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: APS
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Dishwasher, Disposal, Microwave, Washer/Dryer, W/D Hookup, Free-Standing Electric Oven
  • Interior Features:Interior Features: Unfurnished

Exterior Features

  • Disclosures: None
  • Construction Type: Block, Painted
  • Roof: Composition
  • Exterior Amenities: Desert Landscaping, Patio/Balcony

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Open, 1 Space/Unit, Paved, Off Street
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • Parking Features:Parking Features: Free, 1 Space/Unit, Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • Community Features: See Remarks

Fee Information

  • Annual Fuel Expense: 318.15
  • Trash Expense: 2006.99
  • Annual Water Sewer Expense: 2224.02

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: Unknown
  • Additional Parcels: No
  • Parcel #: 127-21-009-C

Multi Family

  • Owner Pays: Water, Sewer, Gas, Trash Collection, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 825.38
  • Annual Gross Income: 75114.83
  • Insurance Expense: 1876.0
  • Maintenance Expense: 5119.14
  • Property Net Operating Income: 55737.57
  • Annual Operating Expense: 19759.58

Tax Info

  • Tax Annual Amount: 1654.0
  • Tax Book Number: 127.0
  • Tax Lot: 83

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,654 $12,242 -- --
2024 $1,573 $11,659 -- --
2023 $1,573 $56,300 $11,260 $45,040
2022 $1,511 $41,320 $8,260 $33,060
2021 $1,548 $37,130 $7,420 $29,710
2020 $1,511 $30,970 $6,190 $24,780
2019 $1,500 $25,150 $5,030 $20,120
2018 $1,469 $22,060 $4,410 $17,650
2017 $1,412 $20,960 $4,190 $16,770
2016 $1,358 $17,230 $3,440 $13,790
2015 $1,263 $15,310 $3,060 $12,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/19/2026 05/19/26 Price Changed $899,999 -5.3% --
03/09/2026 03/09/26 For Sale $949,900 +40.7% --
12/01/2021 12/01/21 Sold $675,000 +3.8% $236 / Sq Ft View Prior Sale
10/05/2021 10/05/21 For Sale $650,000 +18.2% $227 / Sq Ft
10/19/2020 10/19/20 Sold $550,000 0.0% $192 / Sq Ft View Prior Sale
08/17/2020 08/17/20 Price Changed $550,000 -8.3% $192 / Sq Ft
07/15/2020 07/15/20 For Sale $600,000 +259.3% $210 / Sq Ft
04/03/2013 04/03/13 Sold $167,000 -4.6% $58 / Sq Ft View Prior Sale
03/15/2013 03/15/13 Pending -- -- --
02/21/2013 02/21/13 For Sale $175,000 -- $61 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6995709

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-21-008B

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