$1,095,000
$80K PRICE DROP

Estimated payment $6,047/month

Total Views 2,677
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

4332 N 27th St is a 5-unit multifamily community located in the Biltmore Submarket. Originally constructed in 1943 & later built in 1964, the asset sits in a high rental demand area within walking distance to Biltmore Fashion Park, and within close proximity to Downtown Phoenix. 4332 N 27th St features a unit mix of (4) two-bedroom, one-bathroom units and (1) three-bedroom, one-bathroom unit that have been well-maintained and updated throughout ownership.

Listing Agent

Kyle Inman

Matthews Real Estate Investment Services License #SA691658000 Listed on: 08/20/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,902

Year Built

  • Built in 1964

Home Design

  • Composition Roof
  • Foam Roof
  • Block Exterior

Parking

  • 10 Open Parking Spaces
  • 12 Parking Spaces
  • 2 Covered Spaces
  • Over 1 Space Per Unit

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 163-08-019-A

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Building Dimensions are 82x197.4
  • Citrus Heights Lots 1 9 Subdivision

Building Details

  • Operating Expense $2,902
  • Gross Income $66,221
  • Net Operating Income $49,902

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,902

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3 & SFR
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2024
  • Road Surface Type: Gravel, Asphalt
  • Subdivision Name: CITRUS HEIGHTS LOTS 1-9
  • Tax Parcel Letter: A
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Refrigerator, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Block
  • Roof: Composition, Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 82x197.4
  • Additional Parcels: Yes
  • Parcel #: 163-08-019-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 5
  • Annual Gross Income: 66220.7
  • Property Net Operating Income: 49902.0
  • Annual Operating Expense: 2902.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2902.0
  • Tax Book Number: 163.00
  • Tax Lot: 12

Map

Range of Values:

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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 $2,902 $23,366 -- --
2024 $2,824 $22,253 -- --
2023 $2,824 $95,780 $19,150 $76,630
2022 $2,740 $78,460 $15,690 $62,770
2021 $2,764 $64,530 $12,900 $51,630
2020 $2,721 $47,750 $9,550 $38,200
2019 $2,661 $39,300 $7,860 $31,440
2018 $2,596 $30,600 $6,120 $24,480
2017 $2,473 $29,920 $5,980 $23,940
2016 $2,388 $24,510 $4,900 $19,610
2015 $2,218 $21,210 $4,240 $16,970
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/08/2025 09/08/25 Price Changed $1,095,000 -6.8% --
08/20/2025 08/20/25 For Sale $1,175,000 +130.4% --
03/15/2017 03/15/17 Sold $510,000 -2.9% $148 / Sq Ft View Prior Sale
02/16/2017 02/16/17 Pending -- -- --
02/15/2017 02/15/17 Price Changed $525,000 -4.5% $152 / Sq Ft
11/28/2016 11/28/16 Price Changed $550,000 -30.8% $160 / Sq Ft
10/07/2016 10/07/16 For Sale $795,000 -- $231 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Pioneer Title Agency
Warranty Deed -- None Available
Warranty Deed $510,000 Grand Canyon Title Agency
Interfamily Deed Transfer -- --
Warranty Deed $130,000 Fidelity National Title
Interfamily Deed Transfer -- First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $530,000 Credit Line Revolving
Previous Owner $505,000 New Conventional
Previous Owner $104,000 New Conventional
Previous Owner $105,000 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6908488

Arizona Regional Multiple Listing Service (ARMLS)

APN: 163-08-019A