$800,000
SOLD DEC 18, 2025
-- Bed
-- Bath
1,650 Sq Ft
1962 Built

Recently Sold

$485 Per Sq Ft

14% Below List Price

295 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Ceiling Fan
  • Phoenix Coding Academy Rated A

About This Home

As of December 2025

This versatile fourplex, ideally located in Midtown Phoenix, offers an incredible investment opportunity. The property has been extensively renovated inside and out. ***HOME WARRANTY INCLUDED*** The property includes a spacious 3-bedroom/1-bath unit, three 1-bedroom/1-bath units, and offers flexibility with fully rented market-price leases or short-term rental potential. Located in a thriving area undergoing significant development, the property is near notable landmarks such as Fate Brewery, new townhome projects, the VA Hospital, and prestigious schools like Brophy and Xavier Prep. Its central location offers easy access to Midtown and Downtown Phoenix. Whether looking to expand your portfolio, live in one unit while renting out the others, or leverage the short-term rental market, this turnkey fourplex is an opportunity you don't want to miss!

Last Agent to Sell the Property

John Ely

Rely Real Estate, LLC License #BR654155000 Listed on: 01/15/2025

Last Buyer's Agent

Jordan Pierce

West USA Realty License #SA699771000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,598

Year Built

  • Built in 1962

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Osborn Middle School
  • North High School

Additional Features

  • Ceiling Fan
  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for water, landscaping
  • Tax Lot 36
  • Assessor Parcel Number 155-19-030

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 9,605
  • Carolyn Place Lot 1 9, 46 54 Subdivision

Building Details

  • Operating Expense $6,054
  • Gross Income $55,008
  • Net Operating Income $48,608

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,598

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: 7th St & Indian School
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2024
  • Subdivision Name: CAROLYN PLACE LOT 1-9, 46-54
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: 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

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes

Schools

  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 9,605
  • Additional Parcels: No
  • Parcel #: 155-19-030

Multi Family

  • Owner Pays: Water, Landscaping
  • Number Of Units Total: 4
  • Electric Expense: 256.0
  • Annual Gross Income: 55008.0
  • Insurance Expense: 1800.0
  • Property Net Operating Income: 48608.0
  • Annual Operating Expense: 6054.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 1598.0
  • Tax Book Number: 155.00
  • Tax Lot: 36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2025
Closed on
Dec 13, 2025
Sold by
Lake Cody
Bought by
Free Property Holdings Llcan Oregon Limited L
Seller's Agent
John Ely
Rely Real Estate, LLC
Buyer's Agent
Jordan Pierce
West USA Realty
List Price
$925,000
Sold Price
$800,000
Premium/Discount to List
-$125,000
-13.51%
Views
79

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-96.95%

Purchase Details

Listed on
Apr 26, 2019
Closed on
Aug 19, 2019
Sold by
Kijobi Llc
Bought by
Lake Cody
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
John Ely
Rely Real Estate, LLC
List Price
$565,000
Sold Price
$550,000
Premium/Discount to List
-$15,000
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.13%
Original Mortgage
$540,038
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 19, 2018
Sold by
Vla Investments Llc
Bought by
Kijobi Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2018
Sold by
Rodriguez Fernando and Rodriguez Alicia
Bought by
Vla Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 3, 2006
Sold by
Rodriguez Juan A and Rodriguez Jennifer
Bought by
Rodriguez Fernando and Rodriguez Alicia

Purchase Details

Closed on
Apr 1, 2005
Sold by
Rodriguez Juan A and Rodriguez Jennifer
Bought by
Rodriguez Juan A and Rodriguez Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 27, 1999
Sold by
D & G Investments
Bought by
Rodriguez Juan A and Rodriguez Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.79%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 $800,000 Navi Title Agency
Warranty Deed $550,000 Empire West Title Agency Llc
Warranty Deed $275,000 Empire West Title Agency Llc
Warranty Deed $200,000 Magnus Title Agency Llc
Warranty Deed -- None Available
Interfamily Deed Transfer -- Title Security Agency Of Az
Warranty Deed $87,600 Fidelity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $540,038 FHA
Previous Owner $372,000 Purchase Money Mortgage
Previous Owner $150,000 Purchase Money Mortgage
Previous Owner $200,000 Commercial
Previous Owner $80,000 Seller Take Back
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/18/2025 12/18/25 Sold $800,000 -3.6% $485 / Sq Ft
12/04/2025 12/04/25 Price Changed $829,995 0.0% $503 / Sq Ft
11/06/2025 11/06/25 Pending -- -- --
10/20/2025 10/20/25 Price Changed $829,995 -2.4% $503 / Sq Ft
09/26/2025 09/26/25 Price Changed $850,000 -2.9% $515 / Sq Ft
08/21/2025 08/21/25 Price Changed $875,000 -1.7% $530 / Sq Ft
06/05/2025 06/05/25 Price Changed $889,995 -3.8% $539 / Sq Ft
05/08/2025 05/08/25 For Sale $925,000 0.0% $561 / Sq Ft
05/06/2025 05/06/25 Pending -- -- --
04/24/2025 04/24/25 For Sale $925,000 0.0% $561 / Sq Ft
04/04/2025 04/04/25 Pending -- -- --
01/15/2025 01/15/25 For Sale $925,000 0.0% $561 / Sq Ft
05/01/2020 05/01/20 Rented $1,395 0.0% --
04/22/2020 04/22/20 Under Contract -- -- --
04/19/2020 04/19/20 Price Changed $1,395 -6.7% $1 / Sq Ft
04/04/2020 04/04/20 For Rent $1,495 0.0% --
09/03/2019 09/03/19 Sold $550,000 -2.6% $333 / Sq Ft View Prior Sale
08/04/2019 08/04/19 Pending -- -- --
07/01/2019 07/01/19 Price Changed $564,900 0.0% $342 / Sq Ft
04/26/2019 04/26/19 For Sale $565,000 -- $342 / 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 $1,653 $12,734 -- --
2024 $1,544 $12,127 -- --
2023 $1,544 $58,580 $11,710 $46,870
2022 $1,535 $40,030 $8,000 $32,030
2021 $1,561 $33,610 $6,720 $26,890
2020 $1,522 $28,550 $5,710 $22,840
2019 $1,456 $26,560 $5,310 $21,250
2018 $1,349 $21,100 $4,220 $16,880
2017 $1,235 $21,070 $4,210 $16,860
2016 $1,190 $15,670 $3,130 $12,540
2015 $1,107 $12,600 $2,520 $10,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6805525

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-19-030