502 N 11th St Phoenix, AZ 85006
Garfield NeighborhoodEstimated payment $3,440/month
Highlights
- Central Air
- Phoenix Coding Academy Rated A
- Heat Pump System
About This Home
**GARFIELD DISTRICT** is culturally-rich, w/HISTORICAL significance, mixed w/CONTEMPORARY community-life, PERFECTLY located IN-THE-HEART-OF-DOWNTOWN-PHOENIX's urban-landscape**EXCEPTIONAL-OPPORTUNITY** (2) units are 1 bd/1 bath & (2) units are Studio-flats~ALL units have GAS ranges, & FULL size STACKABLE washer/dryers~Units are submetered for Electric and Gas which Tenants pay~Each unit has Central air-conditioning systems~Duplex's & 4-Plex's in the area are selling upwards of $900K and vacant-lots in the area are listed over $1 million~This HISTORIC property was built-in 1960 & has been renovated throughout the years, it still-holds EXCELLENT value-add w/INCOME, growth-potential~This 4-Plex is A HIDDEN-GEM located in the reimagined, downtown, Phoenix, BOOMING rental-market!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,288
Year Built
- Built in 1960
Home Design
- Composition Roof
- Block Exterior
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Paved Parking
Schools
- Garfield Elementary And Middle School
- North High School
Utilities
- Central Air
- Heat Pump System
- Master Water Meter
Listing and Financial Details
- The owner pays for water, trash collection, landscaping
- Tax Lot 7
- Assessor Parcel Number 116-26-102
Community Details
Overview
- 4 Units
- Building Dimensions are 99.83 x 70.26 x 99.77 x 70.26
- Mt Pleasant Tract Blocks 2 5 Subdivision
Building Details
- Operating Expense $12,553
- Gross Income $50,700
- Net Operating Income $42,045
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,288 | $9,069 | -- | -- |
| 2024 | $1,201 | $8,637 | -- | -- |
| 2023 | $1,201 | $40,850 | $8,170 | $32,680 |
| 2022 | $1,158 | $27,910 | $5,580 | $22,330 |
| 2021 | $1,150 | $23,010 | $4,600 | $18,410 |
| 2020 | $1,163 | $19,280 | $3,850 | $15,430 |
| 2019 | $1,161 | $14,800 | $2,960 | $11,840 |
| 2018 | $1,141 | $12,170 | $2,430 | $9,740 |
| 2017 | $1,115 | $12,230 | $2,440 | $9,790 |
| 2016 | $1,083 | $9,370 | $1,870 | $7,500 |
| 2015 | $1,002 | $7,770 | $1,550 | $6,220 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/02/2026 02/02/26 | Price Changed | $649,000 | -3.8% | -- |
| 11/21/2025 11/21/25 | Price Changed | $674,500 | -2.1% | -- |
| 10/25/2025 10/25/25 | For Sale | $689,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Cash Sale Deed | $45,000 | Stewart Title & Trust Of Pho | |
| Trustee Deed | $122,048 | Great American Title | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $77,500 | Transnation Title Insurance | |
| Warranty Deed | -- | Transnation Title Insurance | |
| Warranty Deed | -- | Transnation Title Insurance | |
| Warranty Deed | $55,100 | Transnation Title Ins Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $69,750 | Seller Take Back | |
| Previous Owner | $50,000 | Seller Take Back |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6938774
APN: 116-26-102
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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Ask me questions while you tour the home.