$899,990

721 E Carol Ave Phoenix, AZ 85020

North Central Neighborhood

Estimated payment $5,184/month

Total Views 187
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Central Air
  • Ceiling Fan
  • Heating Available
  • Sunnyslope High School Rated A

About This Home

Turnkey, fully upgraded duplex in a highly desirable Central Phoenix location. This well-maintained property features two spacious 3-bedroom, 2-bath units with functional layouts, private outdoor spaces, and in-unit laundry hookups. Each unit includes an upgraded kitchen with stove, refrigerator, microwave, and dishwasher, as well as a private fenced backyard and spacious balcony, perfect for enjoying Arizona living.
Unit A is available so buyers can experience the quality and functionality of the upgrades firsthand. Unit B is professionally managed with a month-month lease in place, with security deposits on file, offering immediate rental income and peace of mind for investors. Located just minutes from North Mountain Park, Biltmore Fashion Park, hiking trails, shopping, dining, and major freeways, this property delivers both strong rental appeal and long-term value. Do not miss this rare, upgraded duplex opportunity in Central Phoenix.

Listing Agent

Taylor Wright

HomeSmart License #SA691515000 Listed on: 01/16/2026

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,288

Year Built

  • Built in 2022

Home Design

  • Concrete Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Over 1 Space Per Unit
  • Automatic Garage Door Opener
  • Paved Parking

Schools

  • Washington Elementary School
  • Desert Foothills Middle School
  • Glendale High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 159-37-023

Community Details

Overview

  • 2 Units
  • Building Dimensions are 0.260 acres / 11,313 sqft
  • Hamilton Place Lots 1 15 Subdivision

Building Details

  • Operating Expense $6,288
  • Gross Income $44,460
  • Net Operating Income $37,578

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,288

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Cross Street: 7th St & Hatcher Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: [R-4] Multiple
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2022
  • Tax Year: 2025
  • Subdivision Name: HAMILTON PLACE LOTS 1-15
  • Garage Yn: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal, Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Concrete
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved, Garage Door Opener, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes
  • Parking Features:Garage: Yes
  • Parking Features Auto Door Opener: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Elementary School: Washington Elementary School
  • High School: Glendale High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Desert Foothills Middle School

Lot Info

  • Lot Size: 0.260 acres / 11,313 sqft
  • Additional Parcels: No
  • Parcel #: 159-37-023

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 44460.0
  • Property Net Operating Income: 37578.0
  • Annual Operating Expense: 6288.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 6288.0
  • Tax Book Number: 159.00
  • Tax Lot: 4

Map

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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
01/16/2026 01/16/26 For Sale $899,990 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Quit Claim Deed -- Old Republic Title
Warranty Deed -- Accommodation
Warranty Deed $80,000 East Title Agency
Warranty Deed $55,000 East Title Agency
Warranty Deed $38,000 Driggs Title Agency Inc
Warranty Deed -- First American Title Ins Co
Warranty Deed -- First American Title Ins Co
Warranty Deed $12,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $518,000 Purchase Money Mortgage
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6969696

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-37-023

Arizona Maricopa County Phoenix 85020 North Central

721 E Carol Ave, Phoenix, AZ

For Sale

MultiFamily

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

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Taylor Wright
Listing Agent
Taylor Wright
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HomeSmart
(602) 905-7926