$1,250,000

3601 W Melvin St Phoenix, AZ 85009

Estrella Village Neighborhood

Estimated payment $6,766/month

Total Views 254
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

3601 W Melvin St is an 11-unit multifamily property located in the Estrella submarket of Phoenix, Arizona. Built in 1946, the asset consists of a gated community with a unit mix of (1) 2-bedroom and (10)1-bedroom apartments, averaging 453 square feet per unit and totaling approximately 4,980 square feet of rentable area. Strategically located just minutes from Downtown Phoenix, Sky Harbor Airport, and key employment hubs, this offering benefits from strong rental demand driven by workforce housing needs. With below-market rents, the property offers immediate upside through interior renovations and operational improvements. This asset is an ideal opportunity for investors seeking a low-basis, value-add multifamily opportunity in one of the fastest-growing metropolitan areas of the U.S.

Listing Agent

Brad Skenderian

Matthews Real Estate Investment Services License #SA692958000 Listed on: 08/12/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,587

Year Built

  • Built in 1946

Home Design

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

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 13 Open Parking Spaces
  • 13 Parking Spaces
  • Over 1 Space Per Unit

Schools

  • Alta E Butler Elementary School
  • Carl Hayden High School

Utilities

  • Evaporated cooling system
  • Heating Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 106-15-142

Community Details

Overview

  • 3 Buildings
  • 11 Units
  • Building Dimensions are 12428
  • West Phoenix Addition Subdivision

Building Details

  • Operating Expense $35,464
  • Gross Income $112,038
  • Net Operating Income $51,851

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,587

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Cross Street: 35 Ave and Van Buren
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1946
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Professional Management Expense: 5191.0
  • Subdivision Name: WEST PHOENIX ADDITION
  • Construction Brick: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Stucco, Brick
  • Roof: Composition, Rolled/Hot Mop

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 13.0
  • Total Parking Spaces: 13.0
  • General Property Description:Uncvrd Parking Spcs: 13.0
  • General Property Description:Total Parking Spcs: 13.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 19220.0

Schools

  • Elementary School: Alta E Butler School
  • High School: Carl Hayden High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 12428
  • Additional Parcels: No
  • Parcel #: 106-15-142

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 11
  • Annual Gross Income: 112038.25
  • Insurance Expense: 5500.0
  • Property Net Operating Income: 51851.0
  • Annual Operating Expense: 35464.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1587.0
  • Tax Book Number: 106.00
  • Tax Lot: 1

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2025 08/12/25 For Sale $1,250,000 +226.8% --
09/14/2016 09/14/16 Sold $382,500 -6.5% $358 / Sq Ft
07/07/2016 07/07/16 Price Changed $409,000 -7.0% $383 / Sq Ft
04/01/2016 04/01/16 For Sale $440,000 -- $412 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6904880

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85009 Estrella Village

3601 W Melvin St, Phoenix, AZ

This home is located at 3601 W Melvin St, Phoenix, AZ 85009 and is currently priced at $1,250,000. This property was built in 1946. 3601 W Melvin St is a home located in Maricopa County with nearby schools including Moya Elementary School, Morris K. Udall Middle School, and Carl Hayden High School.

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

Nearby Homes
Brad Skenderian
Listing Agent
Brad Skenderian
Section Image
Matthews Real Estate Investment Services
(480) 639-6275