$1,399,000
$51K PRICE DROP

3330 N 18th St Phoenix, AZ 85016

Central City Neighborhood

Estimated payment $7,585/month

Total Views 821
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Community Barbecue Grill
  • Central Air
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Vinyl Flooring

About This Home

This pristine seven unit complex is located in the coveted 85016 zip code on a quiet, dead-end street. 7.68 CAP on actual numbers. High-quality new construction across the street. This pocket is arguably one of the nicest you will find in Phoenix. In close proximity to the Biltmore Corridor, Arcadia Lite, PHX Children's Hospital & PHX Country Club. Premium rental market. Stabilized 7.68 CAP with 100% occupancy (master leased to 9/30/2027)-hard to match this! Completely renovated a few years ago from top-to-bottom. Upgrades include, but are not limited to, plumbing/electrical/HVACs/roofs/windows/carpentry/landscaping & more. All 1 bedroom units (507 sf +/-) over three single-story buildings. 11,382 sf lot. R-3 zoning. 1954 build. T-12 in documents.

Listing Agent

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 10/23/2025

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,617

Year Built

  • Built in 1954

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Vinyl Flooring

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces
  • Paved Parking

Utilities

  • Central Air
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 119-32-130

Community Details

Overview

  • 3 Buildings
  • 7 Units
  • Building Dimensions are 11382 sf
  • Home Acres Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $17,546
  • Gross Income $121,122
  • Net Operating Income $107,424

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,617

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Cross Street: Osborn & 16th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1954
  • Tax Year: 2024
  • Subdivision Name: HOME ACRES
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Vinyl
  • Appliances: Other, Disposal, Dishwasher, Refrigerator, Free-Standing Gas Oven, See Remarks, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes
  • Community Features:Barbecue: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved, Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 9.0
  • Total Parking Spaces: 9.0
  • General Property Description:Uncvrd Parking Spcs: 9.0
  • General Property Description:Total Parking Spcs: 9.0
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, See Remarks, Electric, Heat Pump, Individual
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Other, Barbecue

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 11382 sf
  • Additional Parcels: No
  • Parcel #: 119-32-130

Multi Family

  • Owner Pays: See Remarks, Gas, Electricity, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 7
  • Annual Gross Income: 121121.96
  • Property Net Operating Income: 107424.0
  • Annual Operating Expense: 17546.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 2617.0
  • Tax Book Number: 119.00
  • Tax Lot: 22

Map

Range of Values:

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Value Increase
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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
11/13/2025 11/13/25 Price Changed $1,399,000 -3.5% --
10/23/2025 10/23/25 For Sale $1,450,000 0.0% --
08/04/2015 08/04/15 Rented $595 0.0% --
08/03/2015 08/03/15 Off Market $595 -- --
07/25/2015 07/25/15 For Rent $595 0.0% --
07/06/2015 07/06/15 Sold $258,080 -38.6% $510 / Sq Ft View Prior Sale
04/22/2015 04/22/15 Pending -- -- --
04/08/2015 04/08/15 For Sale $420,000 -- $830 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6938581

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85016 Central City

3330 N 18th St, 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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Listing Agent
James Stephens
Section Image
Better Homes & Gardens Real Estate SJ Fowler
(480) 525-1251