$518,700
$10K PRICE DROP

Estimated payment $2,743/month

Total Views 5,028
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Central Air
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

Gross 10.1% CAP Rate. 3 Units, Garden-Style Property, Built in 1931 & Renovated in 2024. Unit Mix Consists of (2) 1-Bed / 1-Bath Units & (1) 2-Bed / 2-Bath Units. Each Unit Features a Fully Upgraded Interior With White Quartz Countertops, Luxury Vinyl-Plank Flooring, Subway Tile Showers, Stainless Steel Appliances, & In-Suite Washer / Dryer. Exterior Upgrades Include Brand New Stucco, New Windows & AC Units, Ample Storage Space, & Large Common Backyard Area. New roof just installed. Located in the Roosevelt Arts District, Which Provides Easy Access to Downtown Phoenix's Vibrant Cultural Scene, Dining Hotspots, & Entertainment Options.

Listing Agent

James Yancey

Gentry Real Estate License #SA623899000 Listed on: 01/02/2026

Gentry Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $585

Year Built

  • Built in 1932

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • The owner pays for water, sewer, electricity, trash collection
  • Tax Lot 9
  • Assessor Parcel Number 111-24-055

Community Details

Overview

  • 3 Units
  • Building Dimensions are 8700 sqft
  • Oakland Subdivision

Building Details

  • Operating Expense $585
  • Gross Income $50,662
  • Net Operating Income $50,661

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$585

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Cross Street: 17th Dr and Van Burren
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1932
  • Tax Year: 2025
  • Road Surface Type: Concrete
  • Subdivision Name: OAKLAND
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, Disposal, Microwave, Washer/Dryer

Exterior Features

  • Disclosures: None
  • Construction Type: Block, Wood Frame, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0

Utilities

  • Electric: APS
  • Cooling: Central Air, Electric
  • Heating: Electric, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 8700 sqft
  • Additional Parcels: No
  • Parcel #: 111-24-055

Multi Family

  • Owner Pays: Water, Sewer, Electricity, Trash Collection
  • Tenant Pays: Water, Sewer, Electricity, Trash Collection
  • Number Of Units Total: 3
  • Annual Gross Income: 50661.6
  • Property Net Operating Income: 50661.0
  • Annual Operating Expense: 585.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 585.0
  • Tax Lot: 9

Map

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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 $585 $4,118 -- --
2024 $545 $3,922 -- --
2023 $545 $26,980 $5,390 $21,590
2022 $505 $21,350 $4,270 $17,080
2021 $502 $18,320 $3,660 $14,660
2020 $508 $15,360 $3,070 $12,290
2019 $508 $11,530 $2,300 $9,230
2018 $499 $10,120 $2,020 $8,100
2017 $486 $7,830 $1,560 $6,270
2016 $472 $7,060 $1,410 $5,650
2015 $434 $6,170 $1,230 $4,940
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2026 02/13/26 Price Changed $518,700 0.0% --
02/09/2026 02/09/26 Price Changed $518,800 0.0% --
01/28/2026 01/28/26 Price Changed $518,900 0.0% --
01/14/2026 01/14/26 Price Changed $519,000 -1.9% --
01/02/2026 01/02/26 For Sale $529,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Accommodation/Courtesy Recordi
Warranty Deed -- Wfg National Title Insurance C
Warranty Deed $310,000 Magnus Title Agency
Warranty Deed $61,749 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $397,500 New Conventional
Previous Owner $397,000 Construction
Previous Owner $39,426 New Conventional
Closed $13,747 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6962784

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-24-055