$425,000

Estimated payment $2,366/month

Total Views 194
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

Centrally located triplex featuring two 1-bedroom/1-bath units and one 2-bedroom/1-bath unit. The property offers functional layout and upside potential, with an asphalt driveway leading to covered parking (one space per unit) and a separate structure that includes four individual storage areas. Current gross rents total $2,255/month, well below market, with all tenants on month-to-month leases—giving new ownership immediate flexibility. Investors can buy, renovate, and re-lease to increase cash flow. TENANT OCCUPIED....do not disturb tenants.

Listing Agent

Jessica Jablonski

Russ Lyon Sotheby's International Realty License #SA581915000 Listed on: 09/17/2025

Russ Lyon Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,451

Year Built

  • Built in 1961

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 3 Parking Spaces
  • Carport
  • On-Street Parking

Schools

  • Monte Vista Elementary School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 120-22-005

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 8964 sqft
  • Cardinal Tract Subdivision

Building Details

  • Operating Expense $6,123
  • Gross Income $27,060
  • Net Operating Income $20,937

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,451

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Thomas and 32nd St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2024
  • Directions: South on 32nd St to Yale. East on Yale to property.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: lyon19
  • Co List Office Phone: 480-287-5200
  • Subdivision Name: Cardinal Tract
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: Free-Standing Range, Disposal, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: 1 Space/Unit, On Street, Carport
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking Features:Carport: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1870.0

Schools

  • Elementary School: Monte Vista Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Monte Vista Elementary School

Lot Info

  • Lot Size: 8964 sqft
  • Additional Parcels: No
  • Parcel #: 120-22-005

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 27060.0
  • Insurance Expense: 1602.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 20937.0
  • Annual Operating Expense: 6123.0

Tax Info

  • Tax Annual Amount: 1451.0
  • Tax Book Number: 120.00
  • Tax Lot: 5

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 $1,451 $11,164 -- --
2024 $1,435 $10,633 -- --
2023 $1,435 $40,300 $8,060 $32,240
2022 $1,321 $30,280 $6,050 $24,230
2021 $1,358 $25,680 $5,130 $20,550
2020 $1,324 $21,360 $4,270 $17,090
2019 $1,316 $17,750 $3,550 $14,200
2018 $1,288 $16,150 $3,230 $12,920
2017 $1,237 $14,460 $2,890 $11,570
2016 $1,189 $12,480 $2,490 $9,990
2015 $1,107 $10,760 $2,150 $8,610
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2025 09/17/25 For Sale $425,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $194,000 Grand Canyon Title Agency In
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $122,000 New Conventional
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6921245

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-22-005