$1,995,624

3016 N 37th St Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated payment $10,546/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Rare 7-Unit Investment Opportunity in Prime East Phoenix. Fully occupied and located near 40th St & Thomas Rd in the desirable Citrus Acres / Arcadia-adjacent area. This up-and-coming corridor is surrounded by new construction, redevelopment, popular restaurants, shopping, and easy access to Arcadia, Biltmore, and major freeways. The property features clean, well-maintained, low-maintenance units with strong in-place income and future upside. Excellent long-term hold with value-add potential, including possible expansion or redevelopment of the lot (buyer to verify zoning). A solid, income-producing asset in one of Phoenix's most dynamic growth areas. This listing is part of a 21-unit package.

Listing Agent

Greg Yurkovic

Platinum Realty Group License #BR579899000 Listed on: 01/25/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,210

Year Built

  • Built in 1945

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 14 Parking Spaces
  • 7 Covered Spaces
  • Paved Parking

Additional Features

  • Additional Parcels
  • Cooling Available

Listing and Financial Details

  • The owner pays for landscaping
  • Tax Lot 14
  • Assessor Parcel Number 127-22-019-A

Community Details

Overview

  • 7 Units
  • Building Dimensions are 195' x 67'

Building Details

  • Operating Expense $2,210
  • Gross Income $88,043
  • Net Operating Income $90,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,210

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: 37th street and Thomas
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2024
  • Tax Parcel Letter: A
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Dishwasher, Disposal, Microwave, Built-In Electric Oven

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block, Painted
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 7.0
  • Parking Features: Paved, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 14.0

Utilities

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

Condo/Co-op/Association

  • Community Features: See Remarks

Lot Info

  • Lot Size: 195' x 67'
  • Additional Parcels: Yes
  • Parcel #: 127-22-019-A

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Water, Sewer, Electricity, Trash Collection
  • Number Of Units Total: 7
  • Annual Gross Income: 88042.5
  • Property Net Operating Income: 90300.0
  • Annual Operating Expense: 2210.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 2210.0
  • Tax Lot: 14

Map

Range of Values:

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Value Increase
--
Percent Increase
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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 $2,210 $16,364 -- --
2024 $2,103 $15,585 -- --
2023 $2,103 $65,970 $13,190 $52,780
2022 $2,020 $46,680 $9,330 $37,350
2021 $2,070 $42,820 $8,560 $34,260
2020 $2,019 $35,660 $7,130 $28,530
2019 $2,005 $29,330 $5,860 $23,470
2018 $1,964 $26,250 $5,250 $21,000
2017 $1,888 $21,900 $4,380 $17,520
2016 $1,815 $17,780 $3,550 $14,230
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/25/2026 01/25/26 For Sale $1,995,624 +232.6% --
01/21/2019 01/21/19 Sold $600,000 -9.8% $401 / Sq Ft View Prior Sale
01/03/2019 01/03/19 Price Changed $665,000 0.0% $444 / Sq Ft
12/22/2018 12/22/18 For Sale $665,000 0.0% $444 / Sq Ft
12/05/2018 12/05/18 Pending -- -- --
11/27/2018 11/27/18 For Sale $665,000 -- $444 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $1,125,000 Fidelity Natl Ttl Agcy Inc
Warranty Deed $47,250 Fidelity Natl Ttl Agcy Inc
Special Warranty Deed $600,000 Fidelity National Title Agen
Cash Sale Deed $283,000 American Title Svc Agency Ll
Cash Sale Deed $268,000 American Title Svc Agency Ll
Warranty Deed $235,000 Greystone Title Agency Llc
Special Warranty Deed -- None Available
Cash Sale Deed $150,000 American Title Service Agenc
Cash Sale Deed $101,000 Great American Title
Warranty Deed $349,000 Grand Canyon Title Agency In
Warranty Deed $232,000 --
Cash Sale Deed $215,000 Camelback Title Agency Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $500,000 Purchase Money Mortgage
Previous Owner $130,000 Commercial
Previous Owner $300,000 Commercial
Previous Owner $193,174 Commercial
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6974495

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-22-019A

Arizona Maricopa County Phoenix 85018 Camelback East Village

3016 N 37th St, Phoenix, AZ

For Sale

MultiFamily

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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Greg Yurkovic
Listing Agent
Greg Yurkovic
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Platinum Realty Group
(602) 786-6293