$350,000
SOLD DEC 21, 2021
-- Bed
-- Bath
-- Sq Ft
1946 Built

Recently Sold

12 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of June 2025

3816 and 3818 W Portland street are being sold in conjunction ($700,000) for both. These provide great opportunity, whether you are looking for a turn key investment or a property with room for improvement. The complex is in a central location that provides easy access to the i-10, downtown phoenix, and the airport, making it very desirable for a wide range of tenants. On the property, you will find 4 1bed/1bath units, a 2bed/1bath unit, and a 3bed/2bath unit. Not only is this property fully occupied, the property has gone under major renovations tackling big ticket items totaling over $125,000.

The gross income on 3818-3816 is $54,600, vacancy allowance of 5% ($2,730), insurance estimate is $2,174, property tax is $1,438, w/s/g is an estimated $3032. Netting $45,227 (6.4% cap)

Last Agent to Sell the Property

Tyler Davis

Urban Luxe Real Estate License #SA688422000 Listed on: 10/23/2021

Last Buyer's Agent

Emiliano Mendoza

West USA Realty License #SA675021000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $306

Year Built

  • Built in 1946

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Free Parking
  • On-Street Parking

Schools

  • Isaac Middle School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 8 / 30
  • Assessor Parcel Number 106-09-131

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Building Dimensions are 6269 sqft
  • West Phoenix No 4 Subdivision

Building Details

  • Operating Expense $2,806
  • Gross Income $24,510
  • Net Operating Income $21,704

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$306

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Cross Street: 39th ave and McDowell
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: [R1-6]
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1946
  • Tax Year: 2021
  • Directions: From I-10 W take 35th ave exit and go south to Portland (about half mile) go south on Portland to property on the right side
  • Road Surface Type: Gravel, Asphalt, Private Street
  • Subdivision Name: WEST PHOENIX NO 4
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Built-In Range, Refrigerator, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: Free, 1 Space/Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking Features Free2: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Window/Wall Unit, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1500.0

Schools

  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Isaac Middle School

Lot Info

  • Lot Size: 6269 sqft
  • Additional Parcels: Yes
  • Parcel #: 106-09-131

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 24510.0
  • Insurance Expense: 1000.0
  • Property Net Operating Income: 21704.0
  • Annual Operating Expense: 2806.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 306.0
  • Tax Block: 30
  • Tax Book Number: 106.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2021
Closed on
Dec 16, 2021
Sold by
Md Realty Portland Casitas Llc
Bought by
Pritchard Cheron L
Seller's Agent
Tyler Davis
Urban Luxe Real Estate
Buyer's Agent
Emiliano Mendoza
West USA Realty
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.68%
Original Mortgage
$280,000
Interest Rate
2.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 2017
Sold by
Clark Richard K
Bought by
Md Realty Portland Casitas Llc

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
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2015
Sold by
Ananiev Ivan and Velitchkova Vera
Bought by
Clark Richard K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
3.87%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 10, 2005
Sold by
Pantere Inc
Bought by
Ananiev Ivan and Velitchkova Vera

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2005
Sold by
Euromex Llc
Bought by
Pantere Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 11, 2003
Sold by
Pantere Inc
Bought by
Euromex Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$970,620
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2000
Sold by
Weigele Terry L and Hall Terry L
Bought by
Pantere Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
8.67%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $350,000 Premier Title Agency
Special Warranty Deed $280,000 American Title Svc Agency Ll
Warranty Deed $96,000 American Title Svc Agency Ll
Warranty Deed $75,000 Capital Title Agency Inc
Warranty Deed -- Capital Title Agency Inc
Warranty Deed -- Capital Title Agency Inc
Warranty Deed $68,000 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $280,000 New Conventional
Previous Owner $440,000 Commercial
Previous Owner $210,000 New Conventional
Previous Owner $63,000 Seller Take Back
Previous Owner $100,000 Credit Line Revolving
Previous Owner $67,500 New Conventional
Previous Owner $970,620 Purchase Money Mortgage
Previous Owner $145,000 Seller Take Back
Closed $125,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Sold $360,000 -13.3% --
05/25/2025 05/25/25 Price Changed $415,000 0.0% --
04/14/2025 04/14/25 Pending -- -- --
12/20/2024 12/20/24 For Sale $415,000 0.0% --
12/10/2024 12/10/24 Price Changed $415,000 0.0% --
11/27/2024 11/27/24 Price Changed $415,000 0.0% --
11/05/2024 11/05/24 Price Changed $415,000 0.0% --
10/19/2024 10/19/24 Price Changed $415,000 0.0% --
10/19/2024 10/19/24 For Sale $415,000 0.0% --
10/07/2024 10/07/24 Pending -- -- --
10/06/2024 10/06/24 Pending -- -- --
10/04/2024 10/04/24 Pending -- -- --
07/19/2024 07/19/24 For Sale $415,000 +18.6% --
12/21/2021 12/21/21 Sold $350,000 0.0% --
12/18/2021 12/18/21 For Sale $350,000 0.0% --
10/23/2021 10/23/21 For Sale $350,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

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 $330 $2,014 -- --
2024 $322 $1,918 -- --
2023 $322 $17,120 $3,420 $13,700
2022 $307 $11,020 $2,200 $8,820
2021 $306 $10,300 $2,060 $8,240
2020 $300 $9,530 $1,900 $7,630
2019 $295 $5,770 $1,150 $4,620
2018 $296 $5,280 $1,050 $4,230
2017 $294 $3,810 $760 $3,050
2016 $284 $3,460 $690 $2,770
2015 $263 $2,260 $450 $1,810
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6311663

Arizona Regional Multiple Listing Service (ARMLS)

APN: 106-09-131