Sherry Rampy
Responds Quickly
Brokers Hub Realty, LLC
(888) 612-3127
79 Total Sales
1 in Governmental Mall
$425,000 Price
421 N 18th Dr Phoenix, AZ 85007
Governmental Mall NeighborhoodEstimated Value: $328,083
Studio
--
Baths
1,604
Sq Ft
$205/Sq Ft
Est. Value
Highlights
- Patio
- Landscaped
- Ceiling Fan
- Phoenix Coding Academy Rated A
- Central Heating and Cooling System
- Fenced
About This Home
As of April 2026Ideal triplex for investors seeking strong cash flow and reliable monthly income. Zero vacancy the past 7+ years! Located just minutes from Downtown and freeway access. Two 2-bedroom, 1 bath units and one studio. Each unit individually metered for electricity. In-unit laundry! NEW ROOF IN 2025! Large lot provides room for expansion. While fully occupied and positioned for immediately cash flow, there is value-add opportunity here. Great investment as-is with attractive potential.
Last Agent to Sell the Property
McMath Realty LLC License #SA650467000 Listed on: 02/23/2026
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $814
Year Built
- Built in 1926
Lot Details
- Fenced
- Landscaped
Parking
- On-Street Parking
Home Design
- Foam Roof
- Block Exterior
- Stucco
Interior Spaces
- Ceiling Fan
- Blinds
- Fire and Smoke Detector
Outdoor Features
- Patio
Schools
- Capitol Elementary School
- Metro Tech High School
Utilities
- Central Heating and Cooling System
- Air Source Heat Pump
- Separate Meters
- Natural Gas Not Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for water, sewer, trash collection
- Tax Lot 6
- Assessor Parcel Number 111-24-080
Community Details
Overview
- 3 Units
- Building Dimensions are 8700 sq ft
- Oakland Subdivision
Building Details
- Operating Expense $3,974
- Gross Income $32,400
- Net Operating Income $29,240
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
Feb 23, 2026
Closed on
Apr 9, 2026
Sold by
421 North 18Th Drive Llc
Bought by
Seller's Agent
Tyler Nick
McMath Realty LLC
Buyer's Agent
Maico Olivares
HomeSmart Realty
List Price
$375,000
Sold Price
$330,000
Premium/Discount to List
-$45,000
-12%
Views
34
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,917
Avg. Annual Appreciation
-1.35%
Purchase Details
Listed on
Mar 21, 2015
Closed on
Sep 9, 2015
Sold by
Jeffries Bryan N and Jeffries Lynn Marie
Bought by
421 North 18Th Drive Llc
Seller's Agent
Robert Passariello
Realty Executives Arizona Territory
Buyer's Agent
Anne Thorne
HomeSmart
List Price
$162,000
Sold Price
$140,000
Premium/Discount to List
-$22,000
-13.58%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.33%
Purchase Details
Listed on
Mar 21, 2015
Closed on
Jul 2, 2015
Sold by
Fischbach James
Bought by
Jeffries Bryan N and Jeffries Lynn Marie
Seller's Agent
Robert Passariello
Realty Executives Arizona Territory
Buyer's Agent
Anne Thorne
HomeSmart
List Price
$162,000
Sold Price
$140,000
Premium/Discount to List
-$22,000
-13.58%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
4.01%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 22, 2005
Sold by
Invision Properties Southwest Llc
Bought by
The James Fischbach Living Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,350
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Jul 13, 2004
Sold by
Fischbach James C and Fischbach Cheryl
Bought by
Invision Properties Southwest Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.28%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 30, 2004
Sold by
Building Group Inc
Bought by
Fischbach James C and Fischbach Cheryl
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.28%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 27, 2003
Sold by
Eighteen Investments Inc
Bought by
Building Group Inc and Invision Properties Southwest Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,900
Interest Rate
5.93%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 23, 2002
Sold by
Brennan Edward T
Bought by
Eighteen Investments Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,900
Interest Rate
5.93%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 30, 2000
Sold by
Brennan Valarie J
Bought by
Brennan Edward T
Purchase Details
Closed on
Jun 30, 1998
Sold by
Brennan Edward T
Bought by
Brennan Valarie J
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Governmental Mall, AZ
-
Sherry Rampy
-
David Mendel
David Mendel
eXp Realty
(888) 586-2019
90 Total Sales
1 in Governmental Mall
$410,000 Price
-
Shannon Collins
Shannon Collins
HomeSmart
(623) 299-8246
58 Total Sales
2 in Governmental Mall
$250K - $275K Price Range
-
Sean O'Carroll
Sean O'Carroll
Citiea
(888) 597-5034
191 Total Sales
2 in Governmental Mall
$340,000 Price Range
-
Vince Correa
Vince Correa
eXp Realty
(623) 323-7308
11 Total Sales
1 in Governmental Mall
$305,000 Price
-
Heidi Majidi
Heidi Majidi
RE/MAX Fine Properties
(623) 253-8955
106 Total Sales
1 in Governmental Mall
$425,000 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 |
|---|---|---|---|
| $330,000 | First Integrity Title Agency O | ||
| 421 North 18Th Drive Llc | -- | None Available | |
| Jeffries Bryan N | $140,000 | First Arizona Title Agency | |
| The James Fischbach Living Trust | -- | -- | |
| Invision Properties Southwest Llc | -- | -- | |
| Fischbach James C | -- | Fidelity National Title | |
| Fischbach James C | -- | Fidelity National Title | |
| Building Group Inc | $53,000 | Fidelity National Title | |
| Eighteen Investments Inc | $42,000 | Fidelity National Title | |
| Brennan Edward T | -- | -- | |
| Brennan Valarie J | -- | -- |
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 | -- | ||
| Previous Owner | 421 North 18Th Drive Llc | $185,250 | |
| Previous Owner | 421 North 18Th Drive Llc | $142,500 | |
| Previous Owner | Jeffries Bryan N | $98,000 | |
| Previous Owner | Fischbach James C | $119,350 | |
| Previous Owner | Fischbach James C | $120,000 | |
| Previous Owner | Building Group Inc | $75,900 | |
| Previous Owner | Eighteen Investments Inc | $62,636 |
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 |
|---|---|---|---|---|---|
| 04/13/2026 04/13/26 | Sold | $330,000 | -12.0% | $206 / Sq Ft | |
| 04/02/2026 04/02/26 | Pending | -- | -- | -- | |
| 03/27/2026 03/27/26 | For Sale | $375,000 | 0.0% | $234 / Sq Ft | |
| 03/05/2026 03/05/26 | Pending | -- | -- | -- | |
| 02/23/2026 02/23/26 | For Sale | $375,000 | +167.9% | $234 / Sq Ft | |
| 07/27/2015 07/27/15 | Sold | $140,000 | -13.6% | $87 / Sq Ft | View Prior Sale |
| 06/17/2015 06/17/15 | Pending | -- | -- | -- | |
| 03/20/2015 03/20/15 | For Sale | $162,000 | -- | $101 / 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 | $814 | $5,734 | ||
| 2024 | $759 | $5,461 | ||
| 2023 | $759 | $25,150 | $5,030 | $20,120 |
| 2022 | $732 | $18,100 | $3,620 | $14,480 |
| 2021 | $727 | $17,860 | $3,570 | $14,290 |
| 2020 | $735 | $14,260 | $2,850 | $11,410 |
| 2019 | $734 | $11,730 | $2,340 | $9,390 |
| 2018 | $722 | $11,430 | $2,280 | $9,150 |
| 2017 | $705 | $8,650 | $1,730 | $6,920 |
| 2016 | $685 | $7,120 | $1,420 | $5,700 |
| 2015 | $633 | $5,820 | $1,160 | $4,660 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Nick
Seller's Agent in 2026
Tyler Nick
McMath Realty LLC
(480) 299-4132
1 in this area
38 Total Sales
-
Maico Olivares
Buyer's Agent in 2026
Maico Olivares
HomeSmart Realty
(480) 781-9716
1 in this area
6 Total Sales
-
Robert Passariello
Seller's Agent in 2015
Robert Passariello
Realty Executives Arizona Territory
(480) 998-0676
5 Total Sales
-
AT
Buyer's Agent in 2015
Anne Thorne
HomeSmart
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6988478
APN: 111-24-080
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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