$659,000
UNDER CONTRACT $21K PRICE DROP

Estimated payment $3,565/month

Total Views 3,764
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Concrete Flooring
  • 5-minute walk to Old Cross Cut Canal Park
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

Turnkey Duplex Investment Opportunity!
Live in one unit and have the other help cover your mortgage, or add to your investment portfolio. Two spacious 2-bed, 1-bath units, each updated and well maintained. Over $100K in improvements over the past five years, including a brand-new $35K sewer line (2025), saving the next owner months of hassle and expense. Apt 2 boasts a $10K kitchen remodel (2025), new appliances, and all-new flooring. Apt 1 has updated flooring, and the roof was replaced in 2021. Both units feature private patios and updated A/C units. Prime location just south of Arcadia, offering strong rental demand and excellent long-term appreciation potential.

Listing Agent

Oleg Bortman

The Brokery License #BR636864000 Listed on: 09/17/2025

Co-Listing Agent

Victor Echeverri

The Brokery License #SA716625000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,017

Year Built

  • Built in 1962

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • Carport
  • Assigned Parking

Schools

  • Griffith Elementary School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 126-14-003-R

Community Details

Overview

  • 2 Units
  • Building Dimensions are 65X114
  • Orangedale Tract 1,2, & 7,8 Subdivision

Building Details

  • Operating Expense $1,017
  • Gross Income $34,200
  • Net Operating Income $33,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,017

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: 48th St & Thomas Rd
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R 1-6
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2024
  • Co List Office Mls Id: boll001
  • Subdivision Name: ORANGEDALE TRACT 1,2, & 7,8
  • Tax Parcel Letter: R
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Vinyl, Concrete
  • Appliances: Built-In Range, Refrigerator, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Assigned, 1 Space/Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Carport: Yes
  • Parking Features:Assigned: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

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

Schools

  • Elementary School: Griffith Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Griffith Elementary School

Lot Info

  • Lot Size: 65X114
  • Additional Parcels: No
  • Parcel #: 126-14-003-R

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 2
  • Annual Gross Income: 34200.0
  • Property Net Operating Income: 33000.0
  • Annual Operating Expense: 1017.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1017.0
  • Tax Book Number: 126.00
  • Tax Lot: 25

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $1,085 $9,689 -- --
2024 $1,007 $9,228 -- --
2023 $1,007 $37,170 $7,430 $29,740
2022 $1,111 $28,510 $5,700 $22,810
2021 $1,130 $25,970 $5,190 $20,780
2020 $1,109 $22,780 $4,550 $18,230
2019 $1,105 $19,310 $3,860 $15,450
2018 $1,040 $14,360 $2,870 $11,490
2017 $997 $13,500 $2,700 $10,800
2016 $975 $11,000 $2,200 $8,800
2015 $915 $8,100 $1,620 $6,480
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/23/2025 10/23/25 Price Changed $659,000 -3.1% --
09/17/2025 09/17/25 For Sale $680,000 +14.3% --
09/30/2022 09/30/22 Sold $595,000 0.0% $351 / Sq Ft View Prior Sale
08/30/2022 08/30/22 For Sale $595,000 -- $351 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $595,000 Valleywide Title
Warranty Deed $154,000 --
Warranty Deed $85,500 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $476,000 New Conventional
Previous Owner $123,200 New Conventional
Previous Owner $85,500 VA
Closed $30,800 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6921007

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-14-003R