502 N 11th St Phoenix, AZ 85006
Garfield NeighborhoodEstimated payment $3,571/month
Highlights
- Breakfast Bar
- Central Air
- Partially Fenced Property
- Phoenix Coding Academy Rated A
- Ceiling Fan
- 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~Duplexes & 4-Plexes in the area are selling upwards of $850K 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 holds STRONG, cash-flow and LONG-TERM appreciation potential~This 4-Plex is A HIDDEN-GEM located in the reimagined, downtown, Phoenix, BOOMING rental-market! Located in the Garfield Historic District, one of the most desirable and rapidly evolving areas near Downtown Phoenix, this well-maintained 4-plex offers strong cash flow and long-term
appreciation potential. Property Highlights:
4 total units
(2) One-Bedroom / One-Bath units
(2) Studio units
Central air conditioning in all units
Gas ranges
Full-size stackable washer/dryers in each unit
Electric and gas sub-metered (tenants pay utilities)
Renovated and maintained over the years Investment Highlights:
Strong potential rental-yield (7%)
Located minutes from downtown employment, hospitals, universities, and entertainment
High demand rental market in central Phoenix
Comparable duplexes and four-plexes in the area selling over $800K
Nearby redevelopment and vacant land listings exceeding $1M
Value-Add Potential
Opportunity to increase rents over time in a rapidly appreciating neighborhood
Potential to further enhance units for additional upside
Desirable location for long-term rental demand Location:
Situated in the vibrant Garfield neighborhood, known for its historic charm, arts community, and
proximity to downtown Phoenix, the property benefits from continued urban revitalization and strong
tenant demand. Ideal for investors seeking cash flow + appreciation potential in one of Phoenix's most dynamic central neighborhoods.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,288
Year Built
- Built in 1960
Lot Details
- Partially Fenced Property
Home Design
- Composition Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
- Vertical Blinds
- Fire and Smoke Detector
- Breakfast Bar
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Paved Parking
- On-Street Parking
Schools
- Garfield Elementary And Middle School
- North High School
Utilities
- Central Air
- Heat Pump System
- Separate Meters
- Individual Gas Meter
- Gas Available
- Master Water Meter
- Cable TV Available
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 $11,622
- Gross Income $52,788
- 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
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 | 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
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 | 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
- 509 N 11th St
- 1017 E Taylor St
- 1105 E Fillmore St Unit 27
- 510 N 10th St
- 322 N 11th Place
- 1212 E Taylor St
- 1034 E Mckinley St
- 1237 E Pierce St
- 0 N 10th St Unit 6863109
- 909 N 10th St Unit 26
- 1025 E Roosevelt St
- 414 N 13th Place
- 921 E Roosevelt St
- 43XXX N 10th St
- 1145 E Roosevelt St
- 331 N 13th Place
- 711 E Mckinley St
- 714 E Mckinley St
- 1341 E Polk St
- 36XXX N 12th St Unit 38
- 1022 E Polk St
- 349 N 11th St Unit 106
- 349 N 11th St Unit 210
- 1122 E Fillmore St
- 328 N 11th Place Unit D
- 1153 E Taylor St
- 475 N 9th St Unit 311
- 1021 E Mckinley St
- 1150 E Pierce St Unit 1
- 318 N 12th St
- 475 N 9th St
- 220 N 12th St
- 1216 E Pierce St
- 901 E Van Buren St
- 322 N 13th St
- 1225 E Mckinley St
- 1031 E Roosevelt St
- 716 E Pierce St
- 1238 E Mckinley St
- 425 N 13th Place
Ask me questions while you tour the home.