$450,000
$25K PRICE DROP

Estimated payment $2,577/month

Total Views 4,255
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

Three at Taylor Located in the heart of the rapidly revitalizing Phoenix, this well-positioned triplex offers an exceptional opportunity for both investors and owner-occupants seeking strong rental demand and long-term appreciation. Situated in the desirable Garfield Historic District area, the property benefits from its proximity to downtown employment hubs, dining, arts, and entertainment.
The property features one 2 bedroom and two 1 bedroom units , providing diversified income potential in one of Phoenix's most active rental corridors. Tenants enjoy convenient access to Arizona State University's downtown campus, major medical centers including Banner - University Medical Center Phoenix, and cultural attractions such as the Phoenix Art Museum. Commuting is seamless with nearby acces to the Valley Metro Light Rail, connecting residents throughout the metro area.
Currently rented below markets at $925, $950 & $795
Market rents are $1,050 to $1,250
Each unit offers functional layouts with comfortable living spaces, remodeled making the property attractive for long-term tenants or potential short-term rental strategies where permitted. The central location places residents minutes from downtown Phoenix restaurants, nightlife, and employment centers while maintaining the neighborhood charm of one of the city's most established districts.
Whether you're expanding a rental portfolio or seeking a property with strong income potential in a high-growth urban market, this triplex presents a compelling opportunity in one of Phoenix's most desirable investment corridors.
All facts and figures are approximate buyer verify MLS information

Listing Agent

Sophia Baron

Get Multifamily License #BR648866000 Listed on: 03/12/2026

Co-Listing Agent

Garrett Pedicini

Get Multifamily License #SA687268000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,632

Year Built

  • Built in 1956

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Parking Spaces
  • Carport
  • Free Parking
  • Paved Parking
  • On-Street Parking
  • 4 Open Parking Spaces

Schools

  • Wilson Elementary Middle School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for water
  • Legal Lot and Block 10 / 1
  • Assessor Parcel Number 116-01-016

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are .19
  • Aviation Homesites Subdivision

Building Details

  • Operating Expense $7,889
  • Gross Income $36,480
  • Net Operating Income $28,691

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,632

Year Built

Built in 1956

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 24th St & Van Buren
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1956
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: gemu001
  • Co List Office Phone: 480-795-7938
  • Subdivision Name: AVIATION HOMESITES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Other
  • Appliances: Free-Standing Range

Exterior Features

  • Disclosures: None
  • Construction Type: Block, Painted
  • Roof: Composition

Garage/Parking

  • Parking Features: Open, Paved, Carport, <1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

  • Electric: APS
  • Cooling: Central Air
  • Heating: 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: 1200.0
  • Annual Water Sewer Expense: 2258.0

Schools

  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Wilson Elementary School

Lot Info

  • Lot Size: .19
  • Additional Parcels: No
  • Parcel #: 116-01-016

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas
  • Number Of Units Total: 3
  • Annual Gross Income: 36480.0
  • Insurance Expense: 1799.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 28691.0
  • Annual Operating Expense: 7889.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1632.0
  • Tax Block: 1
  • Tax Book Number: 116.0
  • Tax Lot: 10

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 $1,632 $11,704 -- --
2024 $1,534 $11,146 -- --
2023 $1,534 $27,180 $5,430 $21,750
2022 $1,445 $20,000 $4,000 $16,000
2021 $1,466 $17,910 $3,580 $14,330
2020 $1,460 $15,150 $3,030 $12,120
2019 $1,454 $12,130 $2,420 $9,710
2018 $609 $8,650 $1,730 $6,920
2017 $566 $8,070 $1,610 $6,460
2016 $579 $6,110 $1,220 $4,890
2015 $537 $5,260 $1,050 $4,210
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/15/2026 04/15/26 Price Changed $450,000 -5.3% --
03/12/2026 03/12/26 For Sale $475,000 +66.7% --
08/31/2020 08/31/20 Sold $285,000 -8.1% $233 / Sq Ft View Prior Sale
07/27/2020 07/27/20 For Sale $310,000 +8.8% $253 / Sq Ft
07/25/2020 07/25/20 Off Market $285,000 -- --
01/24/2020 01/24/20 For Sale $310,000 +47.6% $253 / Sq Ft
12/08/2017 12/08/17 Sold $210,000 -6.5% $171 / Sq Ft View Prior Sale
12/04/2017 12/04/17 Price Changed $224,500 -0.2% $183 / Sq Ft
10/31/2017 10/31/17 For Sale $225,000 0.0% $184 / Sq Ft
10/24/2017 10/24/17 For Sale $225,000 0.0% $184 / Sq Ft
10/03/2017 10/03/17 Pending -- -- --
10/01/2017 10/01/17 Pending -- -- --
09/08/2017 09/08/17 For Sale $225,000 -- $184 / 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 $285,000 Security Title Agency Inc
Warranty Deed $210,000 Fidelity National Title Agen
Warranty Deed $88,500 Great American Title Agency
Interfamily Deed Transfer -- Fidelity National Title
Interfamily Deed Transfer -- Fidelity National Title
Interfamily Deed Transfer -- Grand Canyon Title Agency In
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 $213,750 New Conventional
Previous Owner $44,500 Commercial
Previous Owner $45,000 Commercial
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6998651

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-01-016

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