347 N 16th Ave Phoenix, AZ 85007
Governmental Mall NeighborhoodEstimated payment $2,099/month
About This Home
Excellent opportunity to own a cash flowing, low maintenance triplex near downtown Phoenix. Two 2-bedroom, 1 bath units and one renovated 1-bedroom, 1 bath unit. On-site laundry. Corner lot with 2 buildings. Strong rents with consistent, stable tenants. Opportunity for value-add and rent increases.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,329
Year Built
- Built in 1951
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Parking
- 4 Open Parking Spaces
- 5 Parking Spaces
- 1 Covered Space
Schools
- Capitol Elementary School
- Metro Tech High School
Utilities
- Central Heating and Cooling System
- Air Source Heat Pump
Listing and Financial Details
- The owner pays for water, sewer, trash collection
- Tax Lot 30
- Assessor Parcel Number 111-26-028
Community Details
Overview
- 2 Buildings
- 3 Units
- Building Dimensions are 6754 total sq ft
- Capitola Place Subdivision
Building Details
- Operating Expense $6,989
- Gross Income $33,000
- Net Operating Income $26,011
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,329 | $9,359 | -- | -- |
| 2024 | $1,239 | $8,914 | -- | -- |
| 2023 | $1,239 | $24,230 | $4,840 | $19,390 |
| 2022 | $1,195 | $20,310 | $4,060 | $16,250 |
| 2021 | $1,186 | $12,560 | $2,510 | $10,050 |
| 2020 | $1,200 | $11,830 | $2,360 | $9,470 |
| 2019 | $1,198 | $9,700 | $1,940 | $7,760 |
| 2018 | $431 | $6,860 | $1,370 | $5,490 |
| 2017 | $421 | $5,560 | $1,110 | $4,450 |
| 2016 | $409 | $5,630 | $1,120 | $4,510 |
| 2015 | $378 | $3,820 | $760 | $3,060 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/19/2026 03/19/26 | For Sale | $375,000 | 0.0% | -- |
| 03/05/2026 03/05/26 | Pending | -- | -- | -- |
| 03/03/2026 03/03/26 | For Sale | $375,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | Clear Title Agency Of Az | |
| Interfamily Deed Transfer | -- | West Title Agency | |
| Warranty Deed | $244,000 | West Title Agency | |
| Warranty Deed | $205,000 | Pioneer Title Agency Inc | |
| Joint Tenancy Deed | $25,000 | Security Title Agency |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $206,250 | Commercial | |
| Previous Owner | $203,918 | Commercial | |
| Previous Owner | $205,000 | Commercial |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6992517
APN: 111-26-028
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.
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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Ask me questions while you tour the home.