$594,000
$85K PRICE DROP

5911 W Lamar Rd Unit 2 Glendale, AZ 85301

Estimated payment $3,169/month

Total Views 1,948
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Heating Available

About This Home

FANTASTIC LOCATION! Cash cow with long term tenants. Located within walking distance to Historic Glendale shopping and restaurant fare. Minutes on Grand Ave puts you in downtown Phoenix. Close to all Westgate amenities and spring training venues. Studio units sustainably developed with tile counter tops, tiled showers, tiled floors, with very little to replace. Each unit features a private courtyard patio. Units separately metered for APS. Some deferred maintenance is necessary which is reflected in the price.

Listing Agent

Emily Weaver

Open House Realty License #SA668881000 Listed on: 09/03/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $648

Year Built

  • Built in 1940

Home Design

  • Block Exterior
  • Stucco

Parking

  • 63 Open Parking Spaces
  • 63 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Master Water Meter

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 144-10-074

Community Details

Overview

  • 3 Buildings
  • 6 Units
  • Building Dimensions are 2250
  • Orchard Add Blk 20 21 22, & 38 39 40 Amd Subdivision

Building Details

  • Operating Expense $8,624
  • Gross Income $65,268
  • Net Operating Income $57,976

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$648

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Cross Street: 59th Ave & Glendale Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: C-2
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1940
  • Tax Year: 2024
  • Subdivision Name: ORCHARD ADD BLK 20-21-22, & 38-39-40 AMD
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Refrigerator, Free-Standing Electric Oven
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 63.0
  • Total Parking Spaces: 63.0
  • General Property Description:Uncvrd Parking Spcs: 63.0
  • General Property Description:Total Parking Spcs: 63.0

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Window/Wall Unit
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes

Fee Information

  • Annual Water Sewer Expense: 4327.05

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 2250
  • Additional Parcels: Yes
  • Parcel #: 144-10-074

Multi Family

  • Owner Pays: Water, Landscaping
  • Number Of Units Total: 6
  • Annual Gross Income: 65268.0
  • Insurance Expense: 2349.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 57975.95
  • Annual Operating Expense: 8624.05
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 648.0
  • Tax Book Number: 144.00
  • Tax Lot: 2

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 $673 $4,853 -- --
2024 $594 $4,622 -- --
2023 $594 $17,400 $3,480 $13,920
2022 $590 $13,070 $2,610 $10,460
2021 $582 $11,270 $2,250 $9,020
2020 $588 $9,550 $1,910 $7,640
2019 $581 $8,770 $1,750 $7,020
2018 $559 $7,360 $1,470 $5,890
2017 $565 $6,820 $1,360 $5,460
2016 $533 $5,050 $1,010 $4,040
2015 $494 $4,560 $910 $3,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2025 12/03/25 Price Changed $594,000 -1.7% --
11/17/2025 11/17/25 Price Changed $604,000 -1.6% --
11/10/2025 11/10/25 Price Changed $614,000 -1.6% --
11/03/2025 11/03/25 Price Changed $624,000 -1.6% --
10/27/2025 10/27/25 Price Changed $634,000 -1.6% --
10/21/2025 10/21/25 Price Changed $644,000 -1.5% --
10/14/2025 10/14/25 Price Changed $654,000 -0.8% --
10/08/2025 10/08/25 Price Changed $659,000 -1.5% --
09/23/2025 09/23/25 Price Changed $669,000 -1.5% --
09/03/2025 09/03/25 For Sale $679,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $105,000 Grand Canyon Title Agency
Cash Sale Deed $36,300 None Available
Cash Sale Deed $26,500 Stewart Title & Trust Of Pho
Warranty Deed $232,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $105,000 New Conventional
Previous Owner $144,000 Commercial
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6914700

Arizona Regional Multiple Listing Service (ARMLS)

APN: 144-10-074

Arizona Maricopa County Glendale 85301

5911 W Lamar Rd Unit 2, Glendale, AZ

For Sale

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.

Arizona Regional Multiple Listing Service (ARMLS) 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

Nearby Homes
Listing Agent
Emily Weaver
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Open House Realty
(623) 288-4195