$470,000

Estimated payment $2,551/month

Total Views 362
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • RV Access or Parking
  • Brick Veneer
  • Attached Carport
  • Phoenix Coding Academy Rated A
  • Cooling Available
  • Ceiling Fan

About This Home

No vacancies in 5 years! Two Homes on One Lot. Rent out one unit and live for free! Welcome to a rare and elegant dual-home opportunity in the rapidly growing Central City area of Phoenix. This exceptional property features two complete, fully renovated homes on one spacious lot, generating $3,767 in gross monthly rent and offering unmatched versatility for investors, multi-generational families, or owner-occupiers seeking rental income potential. Current leases expire 7/31/2026 and 1/31/2027, providing excellent timing to implement your desired strategy. Nestled on a spacious newly steel-fenced and gated lot, this rare offering combines modern comforts, excellent income potential, and walkable access to downtown dining, culture, and sports venues. The front home is a gorgeously remodeled 2-bed, 1-bath residence with abundant living space, featuring a spacious living room with French doors for elegant privacy, a large open kitchen with full-sized stainless steel gas stove, microwave, dishwasher, French-door refrigerator, and butcher block countertops complemented by beautiful tile work. The home boasts an updated tiled shower, luxury vinyl plank flooring, and modern lighting fixtures throughout. A separate laundry room includes an individual full-sized front-loading washer and dryer, while the exterior offers a 2-car covered carport, 2-car driveway, and extended covered back patio with built-in BBQ. The rear home is an equally stunning 2-bed, 1-bath remodeled residence with beautiful kitchen features including butcher block countertops, digital range, built-in microwave, refrigerator, Shaker cabinets, and modern shelving. The bathroom showcases a lovely tiled shower surround with basin sink and high-arc spray faucet, while the living room features an elegant chandelier. Newer windows throughout provide excellent energy efficiency, low-profile light fixtures grace the bedrooms, and a full-size washer and dryer are included. The private fenced backyard is perfect for pets, with off-street private parking for two vehicles. Both homes were renovated in 2021 and are separately metered and fully self-sufficient with independent utilities. With quick access to I-10 and I-17 freeways and Sky Harbor Airport less than 15 minutes away, commuting is effortless. This prime location in one of Phoenix's most strategic neighborhoods offers no HOA restrictions, giving you complete freedom for how you use the space. Whether you're a savvy investor capitalizing on Phoenix's hot rental market or a homeowner seeking flexibility and rental income, this rare dual-home property on one lot represents an exceptional value with huge upside potential. DRIVE-BY ONLY; please do not disturb tenants. Walkthroughs available only with accepted offers. Buyer to verify all information.

Listing Agent

Ari Verma

Fathom Realty License #SA712306000 Listed on: 05/08/2026

Fathom Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $522

Year Built

  • Built in 1948

Home Design

  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 4 Parking Spaces
  • Attached Carport
  • Off-Street Parking
  • RV Access or Parking

Utilities

  • Cooling Available
  • Heating Available
  • Separate Meters
  • Individual Gas Meter
  • Master Water Meter

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 112-13-085

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 52.50' X 127'
  • North Grier Place Subdivision

Building Details

  • Operating Expense $522
  • Gross Income $45,204

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$522

Year Built

Built in 1948

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1948
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Subdivision Name: NORTH GRIER PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Dishwasher, Disposal, Microwave, Washer/Dryer, Free-Standing Electric Oven

Exterior Features

  • Disclosures: None
  • Construction Type: Block, Wood Frame, Stucco, Brick Veneer
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Carport, >1 Space Per Unit, RV Access/Parking, Attached Carport, Off Street
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 52.50' X 127'
  • Additional Parcels: No
  • Parcel #: 112-13-085

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water, Sewer, Electricity, Gas, Trash Collection
  • Number Of Units Total: 2
  • Annual Gross Income: 45204.0
  • Annual Operating Expense: 522.0

Tax Info

  • Tax Annual Amount: 522.0
  • Tax Book Number: 112.0
  • 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 $522 $3,673 -- --
2024 $486 $3,498 -- --
2023 $486 $18,650 $3,730 $14,920
2022 $469 $11,680 $2,330 $9,350
2021 $466 $13,030 $2,600 $10,430
2020 $471 $11,520 $2,300 $9,220
2019 $470 $8,620 $1,720 $6,900
2018 $462 $7,200 $1,440 $5,760
2017 $451 $5,330 $1,060 $4,270
2016 $439 $4,930 $980 $3,950
2015 $406 $3,770 $750 $3,020
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2026 05/08/26 For Sale $470,000 0.0% --
08/04/2023 08/04/23 Rented $1,760 0.0% --
08/02/2023 08/02/23 Under Contract -- -- --
08/01/2023 08/01/23 For Rent $1,760 -- --
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 -- Accommodation
Warranty Deed -- Magnus Title Agency
Warranty Deed $225,000 Magnus Title Agency
Special Warranty Deed $110,000 Lawyers Title Of Arizona Inc
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Nations Title Agency Of Az
Warranty Deed -- Fidelity National Title
Interfamily Deed Transfer -- --
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
Previous Owner $292,500 New Conventional
Previous Owner $217,000 Construction
Previous Owner $104,000 New Conventional
Previous Owner $53,000 Purchase Money Mortgage
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7025380

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-13-085

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