$725,000

321 E Carol Ave Phoenix, AZ 85020

North Central Neighborhood

Estimated payment $3,970/month

Total Views 1,677
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Evaporated cooling system
  • Community Playground
  • Heating System Uses Natural Gas
  • Sunnyslope High School Rated A
  • Ceramic Tile Flooring

About This Home

Amazing investment opportunity with 5 fully rented units, each featuring its own private fenced courtyard. Tenants enjoy designated parking in the back, with additional guest parking in front, plus an on-site coin laundry that is professionally serviced and maintained. Conveniently located near the Fire Department and John C. Lincoln Hospital, this property also offers stunning North Mountain views. This income-producing property is move-in ready for its next owner and won't be on the market for long!

Listing Agent

Dora Estrella

Realty ONE Group License #SA635358000 Listed on: 09/20/2025

Co-Listing Agent

Claudia Salinas-Aguirre

Realty ONE Group License #SA707651000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,784

Year Built

  • Built in 1962

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Over 1 Space Per Unit
  • Paved Parking
  • Assigned Parking

Schools

  • Sunnyslope High School

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 102B
  • Assessor Parcel Number 159-45-102-B

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Building Dimensions are 13504

Recreation

  • Community Playground

Building Details

  • Operating Expense $15,125
  • Gross Income $50,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,784

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: 3rd St and Hatcher
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2024
  • Co List Office Mls Id: reog13
  • Co List Office Phone: 623-552-3773
  • Tax Parcel Letter: B
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Community Features Play Area: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Refrigerator
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Other, Paved, Assigned, Add'l Parking Avail, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Paved2: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Fuel Expense: 833.46
  • Annual Water Sewer Expense: 9121.8

Schools

  • High School: Sunnyslope High School
  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 13504
  • Additional Parcels: No
  • Parcel #: 159-45-102-B

Multi Family

  • Owner Pays: Water
  • Number Of Units Total: 5
  • Electric Expense: 1835.59
  • Annual Gross Income: 50160.0
  • Annual Operating Expense: 15124.85
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1784.0
  • Tax Book Number: 159.00
  • Tax Lot: 102B

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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/20/2025 09/20/25 For Sale $725,000 +190.0% --
03/22/2016 03/22/16 Sold $250,000 0.0% $53 / Sq Ft View Prior Sale
03/07/2016 03/07/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $250,000 -- $53 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6922842

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85020 North Central

321 E Carol Ave, Phoenix, AZ

For Sale

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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Dora Estrella
Listing Agent
Dora Estrella
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Realty ONE Group
(623) 288-5035