$730,000
SOLD JUN 19, 2025
-- Bed
-- Bath
250 Sq Ft
1947 Built

Recently Sold

$2,920 Per Sq Ft

14% Below List Price

39 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • No Heating

About This Home

As of June 2025

This 18-unit property provides a great opportunity to create a thriving community in Downtown Phoenix. With the structures in place to create great living spaces, this property has unique flexibility to be traditional market-rate rentals or a master leased property to a third-party operator. This property is priced to sell with a huge upside and cash flow potential. Currently gutted and vacant units, get to work now with previously city-approved permits included in the sale!

Last Agent to Sell the Property

Tyler Bruggman

ABI Multifamily License #SA660047000 Listed on: 04/24/2025

Co-Listed By

Colin Kreager

ABI Multifamily License #SA693849000

Last Buyer's Agent

Robert Dukes

Delex Realty License #SA653018000

Delex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,891

Year Built

  • Built in 1947

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Parking

  • 18 Open Parking Spaces
  • 18 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • No Heating

Listing and Financial Details

  • Tax Lot 94
  • Assessor Parcel Number 112-09-099

Community Details

Overview

  • 6 Buildings
  • 18 Units
  • Building Dimensions are 140.53 x 122.89

Building Details

  • Operating Expense $3,891

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,891

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Cross Street: 15th Avenue and Grant Street
  • Property Type: Multiple Dwellings
  • Zoning: C-3, A-1
  • Number Of Buildings: 6
  • Ownership: Fee Simple
  • Year Built: 1947
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Stucco
  • Roof: Other, Foam

Garage/Parking

  • Parking Features: Paved
  • Attached Garage: No
  • Open Parking Spaces: 18.0
  • Total Parking Spaces: 18.0
  • General Property Description:Uncvrd Parking Spcs: 18.0
  • General Property Description:Total Parking Spcs: 18.0
  • Parking Features:Paved2: Yes

Utilities

  • Electric: None
  • Cooling: None
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: None, City Franchise
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: Other

Lot Info

  • Lot Size: 140.53 x 122.89
  • Additional Parcels: No
  • Parcel #: 112-09-099

Multi Family

  • Owner Pays: See Remarks
  • Number Of Units Total: 18
  • Annual Operating Expense: 3891.0

Tax Info

  • Tax Annual Amount: 3891.0
  • Tax Book Number: 112.00
  • Tax Lot: 94
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/19/2025 06/19/25 Sold $730,000 -14.1% $2,920 / Sq Ft
04/24/2025 04/24/25 For Sale $850,000 +6.3% $3,400 / Sq Ft
07/25/2019 07/25/19 Sold $800,000 0.0% $3,200 / Sq Ft View Prior Sale
06/21/2019 06/21/19 Off Market $800,000 -- --
06/06/2019 06/06/19 Pending -- -- --
03/25/2019 03/25/19 Price Changed $850,000 -5.6% $3,400 / Sq Ft
02/25/2019 02/25/19 Price Changed $900,000 -11.8% $3,600 / Sq Ft
12/20/2018 12/20/18 For Sale $1,020,000 +365.1% $4,080 / Sq Ft
02/09/2015 02/09/15 Sold $219,300 +10.2% $877 / Sq Ft View Prior Sale
01/21/2015 01/21/15 Pending -- -- --
01/13/2015 01/13/15 For Sale $199,000 -- $796 / Sq Ft
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 $4,133 $29,098 -- --
2024 $5,835 $27,713 -- --
2023 $5,835 $128,610 $25,720 $102,890
2022 $5,628 $89,230 $17,840 $71,390
2021 $5,586 $58,270 $11,650 $46,620
2020 $5,650 $61,320 $12,260 $49,060
2019 $5,641 $61,080 $12,210 $48,870
2018 $5,545 $61,300 $12,260 $49,040
2017 $5,416 $57,470 $11,490 $45,980
2016 $5,260 $35,620 $7,120 $28,500
2015 $4,867 $37,220 $7,440 $29,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6856997

Arizona Regional Multiple Listing Service (ARMLS)