$635,000

4118 N 3rd Ave Phoenix, AZ 85013

Uptown Phoenix Neighborhood

Estimated payment $3,440/month

Total Views 1,867
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

4118 N 3rd Ave is a 3-unit apartment community located in the Midtown Submarket of Phoenix, Arizona. Originally constructed in 1952, the property has undergone significant capital improvements over recent years, including interior updates, brand new plumbing system with 100% PEX , newer roof, water heaters, upgraded electrical, and added private fencing. The building consists of (3) one-bedroom, one-bathroom floor plans and a covered parking spot for each unit. Each unit is currently occupied at below market rents, allowing for considerable rental upside. New ownership acquire a renovated and well-performing asset with near-term upside in a highly desirable and centralized location along the Central Avenue Corridor.

Listing Agent

Brad Skenderian

Matthews Real Estate Investment Services License #SA692958000 Listed on: 10/23/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,161

Year Built

  • Built in 1952

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 2 Open Parking Spaces
  • 5 Parking Spaces
  • Carport

Utilities

  • Central Air
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tax Lot 58
  • Assessor Parcel Number 155-32-058

Community Details

Overview

  • 3 Units
  • Building Dimensions are 112x66
  • Indian Park Subdivision

Building Details

  • Operating Expense $6,294
  • Gross Income $42,108
  • Net Operating Income $36,015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,161

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Cross Street: Central & Indian School
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1952
  • Tax Year: 2024
  • Subdivision Name: INDIAN PARK
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Disposal, Refrigerator, Free-Standing Electric Oven
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Add'l Parking Avail, 1 Space/Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Ceiling Fan(s), Electric, Heat Pump, Individual
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 2700.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 112x66
  • Additional Parcels: No
  • Parcel #: 155-32-058

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 42108.0
  • Insurance Expense: 1713.0
  • Property Net Operating Income: 36015.0
  • Annual Operating Expense: 6294.0

Tax Info

  • Tax Annual Amount: 1161.0
  • Tax Book Number: 155.00
  • Tax Lot: 58

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $1,201 $9,249 -- --
2024 $1,121 $8,808 -- --
2023 $1,121 $38,510 $7,700 $30,810
2022 $1,115 $32,020 $6,400 $25,620
2021 $1,134 $29,750 $5,950 $23,800
2020 $1,105 $24,570 $4,910 $19,660
2019 $1,057 $17,650 $3,530 $14,120
2018 $1,022 $15,280 $3,050 $12,230
2017 $939 $14,270 $2,850 $11,420
2016 $905 $10,720 $2,140 $8,580
2015 $842 $8,460 $1,690 $6,770
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2025 10/23/25 For Sale $635,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed -- None Available
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Accommodation
Cash Sale Deed $80,000 Magnus Title Agency
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Magnus Title Agency
Trustee Deed $57,100 Fidelity Natl Title Ins Co
Warranty Deed $157,000 Old Republic Title Agency
Warranty Deed -- --
Warranty Deed -- Old Republic Title Agency
Warranty Deed -- Old Republic Title Agency
Interfamily Deed Transfer -- Century Title Agency
Interfamily Deed Transfer -- Century Title Agency
Warranty Deed $98,000 Grand Canyon Title Agency In
Quit Claim Deed -- Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $125,600 Fannie Mae Freddie Mac
Previous Owner $74,250 No Value Available
Previous Owner $73,500 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6937740

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-32-058

Arizona Maricopa County Phoenix 85013 Uptown Phoenix

4118 N 3rd Ave, Phoenix, AZ

For Sale

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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Brad Skenderian
Listing Agent
Brad Skenderian
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Matthews Real Estate Investment Services
(623) 462-3181