$889,900

Estimated payment $4,818/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 7 Car Attached Garage
  • Patio
  • Central Heating and Cooling System
  • Phoenix Coding Academy Rated A
  • Two cooling system units
  • 5-minute walk to Grant Park

About This Home

Appraisal in at $910,000. Market rents are $1,995 per month with $45 per month in RUBS or $73,440 per year gross. Tenants pay electric. Certificate of Occupancy in progress. Located in an Opportunity Zone, this new development in Downtown Phoenix featuring 3 units at 1,139 SF each, 3,417 SF total, with 2 bedroom, 2 bathrooms, and 3 garages. The exterior finish includes synthetic stucco, balconies, covered porches, each unit has a single car garage, and the electric is individually metered. The interior features stainless steel GE appliances, washer/dryer included, quartz counters, shaker cabinets with gold hardware, LVP and tile throughout, energy efficient windows, and LED lighting. This property is located just South of Chase Field with $10,000 in landscaping just installed.

Listing Agent

Keith Grayson

Grayson Real Estate License #BR636932000 Listed on: 03/28/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $758

Year Built

  • Built in 2026

Lot Details

  • Fenced
  • Desert Landscape

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Blinds

Home Security

  • Security Lights
  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 7 Car Attached Garage
  • 4 Open Parking Spaces
  • Garage Door Opener
  • Additional Parking
  • Off-Site Parking
  • Assigned Parking

Outdoor Features

  • Patio

Schools

  • Lowell Elementary School
  • Central High School

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Air Source Heat Pump
  • Separate Meters
  • Natural Gas Not Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for water, sewer, trash collection
  • Tax Lot 13
  • Assessor Parcel Number 112-17-019

Community Details

Overview

  • 3 Units
  • Building Dimensions are 129 x 50
  • Montgomery Add Blks 23 26 31 34 39 42 47 50 Subdivision

Building Details

  • Operating Expense $6,158
  • Gross Income $73,440
  • Net Operating Income $67,282

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$758

Year Built

Built in 2026

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Lincoln and Central
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2026
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Subdivision Name: MONTGOMERY ADD BLKS 23-26 31-34 39-42 47-50
  • Garage Yn: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Dishwasher, Disposal, Microwave, Washer/Dryer, W/D Hookup, Free-Standing Electric Oven

Exterior Features

  • Exterior Features: Sidewalk(s)
  • Disclosures: Appraisal, ALTA Survey Availbl, Boundary Survey Avlb, Development Plan Avl, None, Seller Prop Disc Stm
  • Construction Type: Wood Frame, Stucco
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: <1 Space Per Unit, >1 Space Per Unit, Garage Door Opener, Assigned, Attached Garage, Off Street
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 7.0

Utilities

  • Electric: APS, Individual Meter, Submetered System
  • Cooling: Central Air, Heat Pump, Electric, Varies by Unit, 2 or More Units, Ceiling Fan(s)
  • Heating: Zoned, Electric, Heat Pump, Varies by Unit, Central, Forced Air
  • Security: Security Light(s), Fire Sprinklers
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Water Sewer Expense: 3600.0

Schools

  • Elementary School: Lowell Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Lowell Elementary School

Lot Info

  • Lot Size: 129 x 50
  • Additional Parcels: No
  • Parcel #: 112-17-019

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection
  • Tenant Pays: Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 73440.0
  • Insurance Expense: 1800.0
  • Property Net Operating Income: 67282.0
  • Annual Operating Expense: 6158.0

Tax Info

  • Tax Annual Amount: 758.0
  • Tax Book Number: 112.0
  • Tax Lot: 13

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2026 03/28/26 For Sale $889,900 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Pioneer Title Agency
Quit Claim Deed -- Pioneer Title Agency
Quit Claim Deed -- --
Warranty Deed $77,500 Landmark Ttl Assurance Agcy
Quit Claim Deed -- Security Title Agency
Quit Claim Deed -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $592,000 New Conventional
Closed $592,000 New Conventional
Previous Owner $150,000 Unknown
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7005611

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-17-019

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