$1,500,000
$390K PRICE DROP

Estimated payment $8,188/month

Total Views 6,029
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Brick Veneer
  • Cooling System Mounted To A Wall/Window
  • Outdoor Storage
  • Sunnyslope High School Rated A
  • Patio
  • 2-minute walk to Palma Park

About This Home

100% OCCUPIED + FULLY UPDATED ELECTRICAL & WIRING. Fully renovated 10-unit multifamily asset in the highly desirable Uptown Phoenix submarket. The property features a compelling unit mix across two contiguous parcels and benefits from approximately $355,000 of capital improvements completed over the last 1.5 years. With strong leasing momentum, stabilized operations, and market rent upside, this property is well-positioned for both yield-focused and appreciation-driven investors.

Listing Agent

Hudson Robison

The Broker Reserve LLC License #BR692045000 Listed on: 11/26/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,732

Year Built

  • Built in 1945

Lot Details

  • Fenced
  • Additional Parcels

Home Design

  • Brick Veneer
  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Paved Parking

Outdoor Features

  • Patio
  • Outdoor Storage

Schools

  • Desert View Elementary School
  • Royal Palm Middle School
  • Sunnyslope High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating System Uses Natural Gas
  • Separate Meters

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 160-50-087

Community Details

Overview

  • 10 Units
  • Building Dimensions are 100 x 125
  • Sunnyslope Subdivision

Building Details

  • Operating Expense $29,093
  • Gross Income $142,080
  • Net Operating Income $112,987

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,732

Year Built

Built in 1945

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Dunlap & 3rd Street
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Subdivision Name: SUNNYSLOPE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: See Remarks

Exterior Features

  • Exterior Features: Sidewalk(s)
  • Disclosures: None
  • Construction Type: Block, Painted, Brick Veneer
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, Window/Wall Unit, Ceiling Fan(s)
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Trash Expense: 3325.0
  • Annual Water Sewer Expense: 5051.0

Schools

  • Elementary School: Desert View Elementary School
  • High School: Sunnyslope High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Royal Palm Middle School

Lot Info

  • Lot Size: 100 x 125
  • Additional Parcels: Yes
  • Parcel #: 160-50-087

Multi Family

  • Owner Pays: See Remarks
  • Tenant Pays: See Remarks
  • Number Of Units Total: 10
  • Annual Gross Income: 142080.0
  • Insurance Expense: 6985.0
  • Maintenance Expense: 11000.0
  • Property Net Operating Income: 112987.0
  • Annual Operating Expense: 29092.86

Tax Info

  • Tax Annual Amount: 2731.86
  • Tax Book Number: 160.0
  • Tax Lot: 20

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 $159 $1,253 $1,253 --
2024 $150 $1,193 $1,193 --
2023 $150 $5,680 $5,680 $0
2022 $145 $3,870 $3,870 $0
2021 $147 $3,140 $3,140 $0
2020 $144 $2,700 $2,700 $0
2019 $141 $2,450 $2,450 $0
2018 $137 $1,850 $1,850 $0
2017 $137 $1,530 $1,530 $0
2016 $134 $1,370 $1,370 $0
2015 $124 $1,210 $1,210 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/25/2026 05/25/26 Price Changed $1,500,000 -6.3% --
04/21/2026 04/21/26 Price Changed $1,600,000 -8.6% --
03/06/2026 03/06/26 Price Changed $1,750,000 -7.4% --
11/26/2025 11/26/25 For Sale $1,890,000 +198.8% --
01/26/2024 01/26/24 Sold $632,500 -9.6% $719 / Sq Ft View Prior Sale
12/14/2023 12/14/23 For Sale $700,000 +144.8% $795 / Sq Ft
12/31/2016 12/31/16 Sold $286,000 -4.3% $325 / Sq Ft View Prior Sale
07/17/2016 07/17/16 For Sale $299,000 -- $340 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed $1,265,000 Empire Title Agency
Warranty Deed $1,265,000 Empire Title Agency
Warranty Deed $149,500 Chicago Title Agency Inc
Warranty Deed $190,000 Capital Title Agency Inc
Warranty Deed $190,000 Capital Title Agency Inc
Warranty Deed $275,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $600,000 Seller Take Back
Previous Owner $600,000 Seller Take Back
Previous Owner $107,250 Commercial
Previous Owner $142,500 Purchase Money Mortgage
Previous Owner $190,506 Purchase Money Mortgage
Closed $28,500 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6951020

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-50-087

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