James Goodman
Keller Williams Realty Sonoran Living
(480) 750-7625
198 Total Sales
1 in Estrella Village
$512,500 Price
3601 W Melvin St Phoenix, AZ 85009
Estrella Village Neighborhood
12
Beds
11
Baths
1,068
Sq Ft
1946
Built
Highlights
- Ceramic Tile Flooring
- Evaporated cooling system
- 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
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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
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
Aug 12, 2025
Closed on
Oct 2, 2025
Sold by
Bought by
Seller's Agent
Brad Skenderian
Matthews Real Estate Investment Services
Buyer's Agent
Brad Skenderian
Matthews Real Estate Investment Services
List Price
$1,250,000
Sold Price
$1,000,000
Premium/Discount to List
-$250,000
-20%
Views
21
Purchase Details
Listed on
Apr 1, 2016
Closed on
Sep 14, 2016
Sold by
Bought by
Seller's Agent
Arvle Knight
Transworld Business Advisors of Phoenix NE
Buyer's Agent
Michelle Hoogendoorn
Better Homes & Gardens Real Estate SJ Fowler
List Price
$440,000
Sold Price
$382,500
Premium/Discount to List
-$57,500
-13.07%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.18%
Purchase Details
Closed on
Oct 5, 2004
Sold by
Bought by
Purchase Details
Closed on
Jan 14, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.56%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 5, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,475
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 15, 1996
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Estrella Village, AZ
-
James Goodman
-
Susana Diaz
Susana Diaz
West USA Realty
(623) 253-8440
37 Total Sales
2 in Estrella Village
$419K - $800K Price Range
-
Rosa Hernandez
Rosa Hernandez
Responds QuicklyeXp Realty
(623) 469-6062
47 Total Sales
1 in Estrella Village
$424,900 Price
-
Wendy Meredith
Wendy Meredith
The Realty Agency
(480) 376-1858
45 Total Sales
1 in Estrella Village
$300,000 Price
-
Rachael Joiner
Rachael Joiner
My Home Group Real Estate
(708) 340-6936
66 Total Sales
6 in Estrella Village
$225K - $490K Price Range
-
Emily Tyson
Emily Tyson
Compass
(844) 431-5524
53 Total Sales
1 in Estrella Village
$574,999 Price
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 |
|---|---|---|---|
| $1,000,000 | Pioneer Title Agency | ||
| $382,500 | American Title Svc Agency Ll | ||
| -- | Grand Canyon Title Agency In | ||
| $280,000 | Grand Canyon Title Agency In | ||
| $220,000 | Capital Title Agency Inc | ||
| $85,000 | Stewart Title & Trust |
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 | $250,000 | ||
| Previous Owner | $230,000 | ||
| Previous Owner | $210,000 | ||
| Previous Owner | $167,475 |
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 |
|---|---|---|---|---|---|
| 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
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 | $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
Seller's Agent in 2025
Brad Skenderian
Matthews Real Estate Investment Services
(949) 533-5594
1 in this area
21 Total Sales
-
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
12 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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