$660,000
SOLD JUL 28, 2025

5207 W Myrtle Ave Glendale, AZ 85301

-- Bed
-- Bath
-- Sq Ft
1962 Built

Recently Sold

14% Below List Price

127 Days on Market

Highlights

  • Central Air
  • Heating unit installed on the ceiling
  • Concrete Flooring

About This Home

As of July 2025

This 7 unit property provides the opportunity for an investor to get into the multi-family market, or add to a current portfolio. This is a rehab opportunity where there will need to be renovation done in the units. You can create your own amazing rental units in order to maximize the rental opportunities. Just minutes from Downtown Glendale. There are plenty of shopping and dining options in the area and your are just minutes away from some schooling choices.

Last Agent to Sell the Property

R. Brent Petersen

Petersen Realty Brokerage Phone: 6024100228 License #BR042884000 Listed on: 01/13/2025

Last Buyer's Agent

Cody Leslie

Orion Investment Real Estate License #SA712178000

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete
  • Vinyl

Parking

  • 1 Open Parking Space
  • 1 Parking Space

Schools

  • Glendale Landmark Elementary And Middle School
  • Glendale High School

Utilities

  • Central Air
  • Heating unit installed on the ceiling

Community Details

  • 2 Buildings
  • 7 Units
  • Building Dimensions are 20,017 sq ft
  • Park Place Blks 1,3,4 Subdivision

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 5
  • Assessor Parcel Number 147-16-010-A

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: 51st Ave/Glendale
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: PUD/Multifamily
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2024
  • Directions: Just north of Glendale on 51st Ave, go west on Myrtle. The property is on the south side of the street.
  • Attribution Contact: 6024100228
  • Road Surface Type: Asphalt
  • Subdivision Name: PARK PLACE BLKS 1,3,4
  • Tax Parcel Letter: A
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Concrete
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 1.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 1.0

Utilities

  • Electric: APS
  • Cooling: Central Air
  • Heating: Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Ceiling: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Elementary School: Glendale Landmark School
  • High School: Glendale High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Glendale Landmark School

Lot Info

  • Lot Size: 20,017 sq ft
  • Additional Parcels: No
  • Parcel #: 147-16-010-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 7

Tax Info

  • Tax Book Number: 147.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2025
Closed on
Jul 25, 2025
Sold by
Psa Behavioral Health Agency and Resilient Health Inc
Bought by
Myrtle Apartments Llc
Seller's Agent
R. Brent Petersen
Petersen Realty
Buyer's Agent
Cody Leslie
Orion Investment Real Estate
List Price
$769,000
Sold Price
$660,000
Premium/Discount to List
-$109,000
-14.17%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
232.91%
Original Mortgage
$660,000
Outstanding Balance
$660,000
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$66,658

Purchase Details

Closed on
Apr 7, 2010
Sold by
Psa Behavioral Healty Agency
Bought by
Kolonia Llc

Purchase Details

Closed on
Aug 13, 2004
Sold by
Monroy Juan and Monroy Lidia
Bought by
Presbyterian Service Agency

Purchase Details

Closed on
Jul 2, 2003
Sold by
Jewell Ray R and Jewell Diane
Bought by
Monroy Juan and Monroy Lidia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,000
Interest Rate
5.22%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 22, 1999
Sold by
Tenorio Louis V
Bought by
Jewell Ray R and Jewell Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
7.75%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $660,000 Title Services Of The Valley
Legal Action Court Order -- None Available
Cash Sale Deed $317,200 Stewart Title & Trust Of Pho
Special Warranty Deed $228,000 Capital Title Agency Inc
Warranty Deed $126,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $660,000 New Conventional
Previous Owner $183,000 Seller Take Back
Previous Owner $94,500 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2025 07/28/25 Sold $660,000 -14.2% --
07/25/2025 07/25/25 Price Changed $769,000 0.0% --
07/19/2025 07/19/25 Price Changed $769,000 0.0% --
06/19/2025 06/19/25 Price Changed $769,000 0.0% --
05/20/2025 05/20/25 Pending -- -- --
05/10/2025 05/10/25 Price Changed $769,000 0.0% --
05/10/2025 05/10/25 For Sale $769,000 -2.5% --
04/24/2025 04/24/25 Pending -- -- --
04/18/2025 04/18/25 Price Changed $789,000 -7.1% --
03/23/2025 03/23/25 Price Changed $849,000 -5.6% --
01/13/2025 01/13/25 For Sale $899,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

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 -- $25,636 -- --
2024 -- $24,415 -- --
2023 $0 $70,050 $27,315 $42,735
2022 $0 $57,810 $18,810 $39,000
2021 $0 $55,590 $17,250 $38,340
2020 $0 $54,870 $16,605 $38,265
2019 $0 $51,390 $14,685 $36,705
2018 $0 $29,920 $5,980 $23,940
2017 $0 $26,370 $5,270 $21,100
2016 $1,876 $18,980 $3,790 $15,190
2015 -- $18,280 $3,650 $14,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6804197

Arizona Regional Multiple Listing Service (ARMLS)

APN: 147-16-010A