Seller's Agent in 2025
Brad Skenderian
Matthews Real Estate Investment Services
(949) 533-5594
1 in this area
19 Total Sales
3601 W Melvin St Phoenix, AZ 85009
Estrella Village Neighborhood
--
Bed
--
Bath
1,068
Sq Ft
1946
Built
Highlights
- Evaporated cooling system
- Ceramic Tile Flooring
- Heating Available
- Phoenix Coding Academy Rated A
About This Home
As of October 20253601 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.
Last Agent to Sell the Property
Matthews Real Estate Investment Services License #SA692958000 Listed on: 08/12/2025
Last Buyer's Agent
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
- The owner pays for trash collection, water, sewer
- 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
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/06/2025 10/06/25 | Sold | $1,000,000 | -13.0% | $936 / Sq Ft | |
| 09/23/2025 09/23/25 | Pending | -- | -- | -- | |
| 09/11/2025 09/11/25 | Price Changed | $1,150,000 | -8.0% | $1,077 / Sq Ft | |
| 08/12/2025 08/12/25 | For Sale | $1,250,000 | +226.8% | $1,170 / Sq Ft | |
| 09/14/2016 09/14/16 | Sold | $382,500 | -6.5% | $358 / Sq Ft | View Prior Sale |
| 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)
Tax History Compared to Growth
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 | $1,574 | $9,689 | -- | -- |
| 2024 | $1,548 | $9,228 | -- | -- |
| 2023 | $1,548 | $67,410 | $13,480 | $53,930 |
| 2022 | $1,476 | $46,980 | $9,390 | $37,590 |
| 2021 | $1,472 | $42,320 | $8,460 | $33,860 |
| 2020 | $1,445 | $30,580 | $6,110 | $24,470 |
| 2019 | $1,419 | $25,020 | $5,000 | $20,020 |
| 2018 | $1,422 | $20,150 | $4,030 | $16,120 |
| 2017 | $1,413 | $20,860 | $4,170 | $16,690 |
| 2016 | $1,369 | $14,900 | $2,980 | $11,920 |
| 2015 | $1,266 | $10,680 | $2,130 | $8,550 |
Source: Public Records
Agents Affiliated with this Home
-
Brad Skenderian
-
A
Seller's Agent in 2016
Arvle Knight
Transworld Business Advisors of Phoenix NE
-
J
Seller Co-Listing Agent in 2016
John Locke
Kasten Long Commercial Group
-
Michelle Hoogendoorn
Buyer's Agent in 2016
Michelle Hoogendoorn
Better Homes & Gardens Real Estate SJ Fowler
(480) 829-3460
1 in this area
15 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6904880
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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