$674,500
Phoenix, AZ 85006
MLS# 6938774
1 / 44
Property Description
***GARFIELD DISTRICT*** is culturally rich area with historical significance mixed with contemporary community life and is PERFECTLY located IN-THE-HEART-OF-DOWNTOWN-PHOENIX's urban landscape~SUPERB opportunity to own this 4 Plex~(2) units are 1 bd/1 bath and (2) units are Studio-flats~ALL units have GAS ranges, & FULL size STACKABLE washer/dryers~Units are submetered for Electric and Gas which Tenants pay~Each unit has Central air-conditioning systems~Duplex's & 4-Plex's in the area are selling upwards of $900K and vacant-lots in the area are listed over $1 million~This HISTORIC property was built-in 1960 & has been renovated throughout the years, it still-holds EXCELLENT value-add with INCOME, growth-potential~This 4-Plex is A HIDDEN-GEM in the downtown Phoenix, BOOMING rental-market!!
Details
Maps
Documents
Contract Info
Ownership: Fee Simple
Current Price: $674,500
List Price: $674,500
Status: Active
List Date: 2025-10-25
Location, Tax & Legal
Assessor's Map #: 26
Legal Description (Abbrev): MT PLEASANT TR PT LOTS 7 & 8 BLK 5 S 70'
Assessor's Parcel #: 102
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113202
Taxes: 1288
Legal: MT PLEASANT TR PT LOTS 7 & 8 BLK 5 S 70'
Marketing Name: GARFIELD District 4 Plex
House Number: 502
Compass: N
Street Name: 11TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 4013
County Code: Maricopa
Subdivision: MT PLEASANT TRACT BLOCKS 2-5
Assessor Number: 116-26-102
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 99.83 x 70.26 x 99.77 x 70.26
Flood Zone: No
Total # of Units: 4
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Garfield School
Jr. High School: Garfield School
High School: North High School
Year Built: 1960
Zoning: Multi-Family
Legal Info
Range: 3E
Section: 4
Township: 1N
Lot Number: 7
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Tile: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Income & Expenses
Annual Elec Exp: 270
Annual Gas Exp: 0
Annual Ins Exp: 1800
Annual Land Lse Exp: 0
Annual Landscape Exp: 1800
Annual Legal & Acctg: 0
Annual Maint Exp: 1335
Annual Mgmt Exp: 3120
Annual Trash Exp: 1740
Annual Wtr/Swr Exp: 1200
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 12553
Other Income: 300
Vacancy Allowance: 0
Adjusted Gross Inc: 50700
Total Monthly Rental Income: 4000
Pmt & Rate Info
Cap Rate: 6.23
Equity: 674500
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Electric: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Individual: 1
Exterior Amenities
Fenced: 1
Partially Fenced: 1
Cable TV Available: 1
Sidewalk(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Vertical Blinds: 1
Breakfast Bar: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Free-Standing Gas Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Other (See Remarks): 1
Road Responsibility
City Maintained Road: 1
Water Source
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
Paved: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
City Gas: 1
Individual Meter: 1
Owner Pays
Water: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-795-0341
Efficiency Units
# Efficiency Units: 2
Avg Rent: 950
Avg SqFt: 360
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1100
Avg SqFt: 440
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 7th STREET & ROOSEVELT
Directions: Roosevelt to 11th ST, South to Taylor, Property is located on the corner of Taylor and 11th ST
Geo Lat: 33.454044
Geo Lon: -112.059241
Income Expenses
Gross Annual Sch Inc: 50400
Net Operating Income: 42045
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Tile
Sale Includes: Land & Building; Personal Property
Community Features: No Pool
Exterior Amenities: Fenced; Partially Fenced; Cable TV Available; Sidewalk(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Breakfast Bar
Appliances Included: Free-Standing Gas Oven; Refrigerator; Washer/Dryer
Heating: Heat Pump
Cooling: Ceiling Fan(s); Individual; Central Air
Water Source: Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; City Gas; Individual Meter
Parking Features: On Street; Paved
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Other (See Remarks)
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
LBPD 
Garfield District Map 
Listing Office: CTS Realty
Last Updated: January - 13 - 2026
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