Nolan Nuzum
HomeSmart
(480) 842-5547
64 Total Sales
2 in Garfield
$580K - $600K Price Range
502 N 11th St Phoenix, AZ 85006
Garfield Neighborhood
4
Beds
4
Baths
1,656
Sq Ft
1960
Built
Highlights
- Breakfast Bar
- Central Air
- Partially Fenced Property
- Phoenix Coding Academy Rated A
- Ceiling Fan
- Heat Pump System
About This Home
As of September 2026**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~BRAND-NEW exterior paint~BRAND-NEW ''Acrylic'' elastomeric roof coating with a 5-year TRANSFERABLE warranty! 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 and updated 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.
Last Agent to Sell the Property
CTS Realty License #BR534071000 Listed on: 10/25/2025
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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
- 4 Bedrooms
- 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
- Tenant pays for electricity, gas, cable TV
- 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 $11,922
- Gross Income $52,788
- Net Operating Income $42,045
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
Oct 25, 2025
Closed on
Jul 3, 2026
Sold by
Hassle Free Life Services Az Llc
Bought by
Seller's Agent
Sherry Mcqueen
CTS Realty
Buyer's Agent
Daniel Wang
West USA Realty
List Price
$649,000
Sold Price
$629,000
Premium/Discount to List
-$20,000
-3.08%
Views
66
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-52.91%
Original Mortgage
$629,000
Interest Rate
6.58%
Mortgage Type
VA
Purchase Details
Closed on
Jun 30, 2011
Sold by
Fannie Mae
Bought by
Hassle Free Life Services Az Llc
Purchase Details
Closed on
Mar 21, 2011
Sold by
Marquez Ronaldo A and Marquez Carolyn J
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Dec 10, 2004
Sold by
Marquez Ronaldo A and Marquez Carolyn J
Bought by
502 Eleven Llc
Purchase Details
Closed on
Mar 6, 2000
Sold by
West Phoenix Management Llc
Bought by
Marquez Ronaldo A and Marquez Carolyn J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,750
Interest Rate
8.27%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Dec 30, 1999
Sold by
Central Phoenix Llc
Bought by
West Phoenix Management Llc
Purchase Details
Closed on
Nov 4, 1999
Sold by
Gudmundsen David and Gudmundsen Melanie
Bought by
Central Phoenix Llc
Purchase Details
Closed on
Mar 25, 1999
Sold by
Medrano Arturo R
Bought by
Gudmundsen David and Gudmundsen Melanie
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Garfield, AZ
-
Nolan Nuzum
-
Sherry Rampy
Sherry Rampy
Responds QuicklyBrokers Hub Realty, LLC
(888) 612-3127
80 Total Sales
3 in Garfield
$360K - $505K Price Range
-
Susie Clare
Susie Clare
Responds QuicklyHomeSmart
(844) 431-2712
17 Total Sales
2 in Garfield
$385K - $405K Price Range
-
Camille Hartmetz
Camille Hartmetz
Brokers Hub Realty, LLC
(623) 552-4074
120 Total Sales
5 in Garfield
$245K - $710K Price Range
-
Caleb Alonso
Caleb Alonso
My Home Group Real Estate
(480) 573-6545
29 Total Sales
1 in Garfield
$710,000 Price
-
Colleen Luckey
Colleen Luckey
Responds QuicklyHomeSmart
(833) 930-1452
44 Total Sales
1 in Garfield
$250,000 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 | 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 |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $120,000 | Unknown | |
| Previous Owner | $69,750 | Seller Take Back |
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 |
|---|---|---|---|---|
| 09/01/2026 09/01/26 | Sold | $629,000 | -3.1% | $380 / Sq Ft |
| 07/23/2026 07/23/26 | Price Changed | $649,000 | 0.0% | $392 / Sq Ft |
| 07/23/2026 07/23/26 | For Sale | $649,000 | 0.0% | $392 / Sq Ft |
| 07/13/2026 07/13/26 | Price Changed | $649,000 | 0.0% | $392 / Sq Ft |
| 07/13/2026 07/13/26 | For Sale | $649,000 | 0.0% | $392 / Sq Ft |
| 06/04/2026 06/04/26 | Pending | -- | -- | -- |
| 02/02/2026 02/02/26 | Price Changed | $649,000 | -3.8% | $392 / Sq Ft |
| 11/21/2025 11/21/25 | Price Changed | $674,500 | -2.1% | $407 / Sq Ft |
| 10/25/2025 10/25/25 | For Sale | $689,000 | -- | $416 / 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 | $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 |
Source: Public Records
Agents Affiliated with this Home
-
Sherry Mcqueen
SM
Seller's Agent in 2026
Sherry Mcqueen
CTS Realty
(602) 672-0872
1 in this area
41 Total Sales
-
Chalyce McQueen
Seller Co-Listing Agent in 2026
Chalyce McQueen
CTS Realty
(602) 525-5665
1 in this area
30 Total Sales
-
Daniel Wang
Buyer's Agent in 2026
Daniel Wang
West USA Realty
(949) 296-5362
1 in this area
32 Total Sales
Map
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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