$949,500
$11K PRICE DROP

Estimated payment $5,145/month

Total Views 4,170
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Central Heating and Cooling System
  • Phoenix Coding Academy Rated A
  • Vinyl Flooring

About This Home

GREAT INVESTMENT OPPORTUNITY IN HIGHLY SOUGHT AFTER UPTOWN! THIS BEAUTIFULLY UPDATED TRI-PLEX FEATURES 2 - 2/1 UNITS AND 1 - 1/1 UNIT. THIS INCOME PRODUCING PROPERTY HAS BEEN UTILIZED AS SHORT TERM RENTALS, PERFECT FOR AN INVESTOR OR OWNER OCCUPANT. UPDATES INCLUDE NEWER ROOF, NEWER AC UNITS, ALL NEW ELECTRICAL FIXTURES/WIRES, NEW INTERIOR PAINT, ALL NEW WATER HEATERS, NEW ELECTONIC LOCKS, ARTIFICIAL TURF AND FENCING, AND HIGH SPEED INTERNET SERVER ADDED FOR ENTIRE PROPERTY. LAUNDRY ROOM ON PREMISES, 3-CARPORT, UNITS A&B HAVE A NEW FENCED FRONT AREA AND UNIT-C HAS ITS OWN FENCED BACKYARD. GREAT RESTAURANTS/COFFEE/SHOPS IN WALKING DISTANCE!

Listing Agent

Robin Pinkus

HomeSmart License #SA642956000 Listed on: 10/22/2025

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,525

Year Built

  • Built in 1958

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces

Schools

  • Madison Rose Lane Elementary School
  • Madison #1 Elementary Middle School
  • North High School

Additional Features

  • Vinyl Flooring
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 161-09-051

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 79x117
  • Rose Lane Terrace Subdivision

Building Details

  • Operating Expense $2,525
  • Net Operating Income $72,539

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,525

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: 14th Street & Rose Lane
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2024
  • Subdivision Name: ROSE LANE TERRACE
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Disposal, Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Other, No Pool

Association/Amenities

  • Exterior Amenities:Partially Fenced: Yes

Schools

  • Elementary School: Madison Rose Lane School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Madison #1 Elementary School

Lot Info

  • Lot Size: 79x117
  • Additional Parcels: No
  • Parcel #: 161-09-051

Multi Family

  • Owner Pays: Other, Gas, Electricity, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Property Net Operating Income: 72539.0
  • Annual Operating Expense: 2525.0
  • Vacancy Allowance Rate: 0.36

Tax Info

  • Tax Annual Amount: 2525.0
  • Tax Book Number: 161.00
  • Tax Lot: 8

Map

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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 $2,646 $19,940 -- --
2024 $2,410 $18,991 -- --
2023 $2,410 $56,610 $11,320 $45,290
2022 $2,235 $44,830 $8,960 $35,870
2021 $2,263 $39,160 $7,830 $31,330
2020 $2,227 $32,770 $6,550 $26,220
2019 $2,178 $27,920 $5,580 $22,340
2018 $2,123 $24,710 $4,940 $19,770
2017 $2,021 $22,120 $4,420 $17,700
2016 $1,950 $18,760 $3,750 $15,010
2015 $1,812 $17,970 $3,590 $14,380
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/02/2026 01/02/26 For Sale $949,500 0.0% --
01/02/2026 01/02/26 Off Market $949,500 -- --
12/31/2025 12/31/25 Price Changed $949,500 -0.1% --
12/16/2025 12/16/25 Price Changed $950,000 -0.9% --
12/11/2025 12/11/25 Price Changed $958,900 0.0% --
11/13/2025 11/13/25 Price Changed $959,000 -0.1% --
10/22/2025 10/22/25 For Sale $960,000 +9.2% --
10/28/2024 10/28/24 Sold $879,000 0.0% -- View Prior Sale
09/13/2024 09/13/24 Pending -- -- --
08/06/2024 08/06/24 Price Changed $879,000 -2.2% --
08/02/2024 08/02/24 Price Changed $899,000 -8.2% --
08/02/2024 08/02/24 For Sale $979,000 +93.1% --
09/17/2014 09/17/14 Sold $507,000 -5.9% -- View Prior Sale
07/13/2014 07/13/14 Pending -- -- --
06/17/2014 06/17/14 For Sale $539,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $879,000 Clear Title Agency Of Arizona
Interfamily Deed Transfer -- Old Republic Title Agency
Interfamily Deed Transfer -- Old Republic Title Agency
Warranty Deed $252,000 Chicago Title Agency Inc
Cash Sale Deed $500,000 First American Title Ins Co
Interfamily Deed Transfer -- First American Title
Warranty Deed $202,500 First American Title
Warranty Deed $112,250 North American Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $659,250 New Conventional
Previous Owner $488,750 New Conventional
Previous Owner $242,526 FHA
Previous Owner $140,000 Commercial
Previous Owner $89,000 Commercial
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6937324

Arizona Regional Multiple Listing Service (ARMLS)

APN: 161-09-051