NOT LISTED FOR SALE
1 Bed
1 Bath
506 Sq Ft
1954 Built

Sale Details

Date Sold: March 10, 2026

Last sale price $1,399,000 $2,765 Per Sq Ft

81 Days on Market

Highlights

  • Patio
  • Community Barbecue Grill
  • Fenced
  • Phoenix Coding Academy Rated A
  • Forced Air Heating and Cooling System
  • Desert Landscape

About This Home

As of March 2026

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.

Last Agent to Sell the Property

James Stephens

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

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,617

Year Built

  • Built in 1954

Lot Details

  • Fenced
  • Desert Landscape

Home Design

  • Composition Roof
  • Block Exterior

Home Security

  • Security Lights
  • Fire and Smoke Detector

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces
  • Parking Available
  • Paved Parking
  • Additional Parking

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Air Source Heat Pump
  • Separate Meters
  • Individual Gas Meter
  • Master Water Meter
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, sewer, electricity, gas, trash collection, landscaping
  • 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 Sq Ft Lot

Listing Details

  • Cross Street: Osborn & 16th St
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1954
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Subdivision Name: HOME ACRES
  • Const - Finish:Const - Finish: Painted
  • Cooling:Cooling: Central Air, Heat Pump, Electric, Individual, See Remarks
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: APS, Individual Meter
  • Sale Includes:Sale Includes: Building(s) Only, Other (See Remarks)
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Refrigerator, Dishwasher, Disposal, Microwave, Other, See Remarks, Free-Standing Gas Oven
  • Interior Features:Interior Features: Unfurnished, Fire/Smoke Alarm(s), Other (See Remarks)

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Block, Painted
  • Roof: Composition
  • Exterior Amenities: Landscape Water System, Desert Landscaping, Fenced, Cable TV Available, Patio/Balcony, Security Light(s), Other (See Remarks)

Garage/Parking

  • Parking Features: 1 Space/Unit, Paved
  • Attached Garage: No
  • Open Parking Spaces: 9.0
  • Total Parking Spaces: 9.0
  • Parking Features:Parking Features: 1 Space/Unit, Paved, Add'l Parking Avail

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, Heat Pump, Electric, Varies by Unit, See Remarks
  • Heating: Electric, Heat Pump, Varies by Unit, Forced Air
  • Security: Security Light(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Gas:Gas: Individual Meter, SW Gas

Condo/Co-op/Association

  • Community Features: Other, Barbecue

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: Water, Sewer, Electricity, Gas, Trash Collection, Landscaping, See Remarks
  • Tenant Pays: Electricity, See Remarks
  • 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: 119.0
  • Tax Lot: 22

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2025
Closed on
Mar 4, 2026
Sold by
Bought by
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,450,000
Sold Price
$1,399,000
Premium/Discount to List
-$51,000
-3.52%
Views
6

Purchase Details

Closed on
Mar 8, 2016
Sold by
Bought by

Purchase Details

Listed on
Jul 28, 2015
Closed on
Jun 9, 2015
Sold by
Bought by
Seller's Agent
John Poyner
Phoenix Property Group
Buyer's Agent
John Poyner
Phoenix Property Group
Sold Price
$595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
3.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 7, 1970
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,399,000 Thomas Title & Escrow Llc
-- None Available
$258,080 First American Title Ins Co
-- Transamerica Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $123,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/10/2026 03/10/26 Sold $1,399,000 0.0% $2,765 / Sq Ft
01/12/2026 01/12/26 Pending -- -- --
11/13/2025 11/13/25 Price Changed $1,399,000 -3.5% $2,765 / Sq Ft
10/23/2025 10/23/25 For Sale $1,450,000 0.0% $2,866 / Sq Ft
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)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,719 $20,131
2024 $2,587 $19,172
2023 $2,587 $79,250 $15,850 $63,400
2022 $2,485 $62,100 $12,420 $49,680
2021 $2,546 $52,670 $10,530 $42,140
2020 $2,484 $43,320 $8,660 $34,660
2019 $2,466 $38,130 $7,620 $30,510
2018 $2,416 $33,150 $6,630 $26,520
2017 $2,322 $26,350 $5,270 $21,080
2016 $2,232 $20,220 $4,040 $16,180
2015 $2,077 $19,110 $3,820 $15,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6938581

Arizona Regional Multiple Listing Service (ARMLS)
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