3611 N 5th Ave Phoenix, AZ 85013
Midtown Phoenix NeighborhoodEstimated payment $19,175/month
Highlights
- Private Pool
- Cooling Available
- Desert Landscape
- Phoenix Coding Academy Rated A
- Community Barbecue Grill
- Heating Available
About This Home
Melrose on 5th is a 12-unit multifamily community located in the highly sought after Melrose District. Originally built in 1961, the asset went through extensive repositioning in 2016 and features a rare mix of (12) 3-bedroom, 2-bathroom floor plans measuring approximately 1,200 square feet each. Unit interiors are all upgraded and feature washer/dryers, fully equipped kitchens with dishwashers and built-in microwaves, stainless steel appliances, faux vinyl wood flooring, and modernized bathrooms. Exterior amenities include gated access entry ways, charcoal barbeque grills, resort-style swimming pool, covered parking, and low maintenance desert landscaping. Great opportunity opportunity to acquire a well-maintained, renovated asset within one of Phoenix's strongest urban infill corridors.
Listing Agent
Matthews Real Estate Investment Services License #SA692958000 Listed on: 05/20/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,433
Year Built
- Built in 1961
Home Design
- Built-Up Roof
- Block Exterior
Parking
- 1 Open Parking Space
- 10 Parking Spaces
- 9 Covered Spaces
Utilities
- Cooling Available
- Heating Available
- Separate Meters
- Master Water Meter
Additional Features
- Private Pool
- Desert Landscape
Listing and Financial Details
- The owner pays for water, sewer, gas, trash collection, landscaping, pool maintenance
- Assessor Parcel Number 118-29-005-D
Community Details
Overview
- 12 Units
- Building Dimensions are .40
- Park North Subdivision
Amenities
- Community Barbecue Grill
Recreation
- Heated Community Pool
Building Details
- Operating Expense $62,075
- Gross Income $237,246
- Net Operating Income $178,903
Map
Home Values in the Area
Average Home Value in this Area
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 | $8,433 | $64,939 | ||
| 2024 | $7,872 | $61,847 | ||
| 2023 | $7,872 | $292,520 | $58,500 | $234,020 |
| 2022 | $7,829 | $247,110 | $49,420 | $197,690 |
| 2021 | $7,962 | $219,200 | $43,840 | $175,360 |
| 2020 | $7,760 | $162,250 | $32,450 | $129,800 |
| 2019 | $7,423 | $125,310 | $25,060 | $100,250 |
| 2018 | $7,178 | $109,970 | $21,990 | $87,980 |
| 2017 | $6,590 | $99,200 | $19,840 | $79,360 |
| 2016 | $6,357 | $81,560 | $16,310 | $65,250 |
| 2015 | $5,910 | $57,110 | $11,420 | $45,690 |
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 |
|---|---|---|---|---|
| 05/20/2026 05/20/26 | For Sale | $3,400,000 | -- | -- |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $2,050,000 | American Title Svc Agency Ll | |
| Cash Sale Deed | $1,025,000 | Grand Canyon Title Agency In | |
| Special Warranty Deed | $660,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Special Warranty Deed | $730,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $600,000 | Commercial | |
| Previous Owner | $500,000 | Commercial |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 7030825
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.