$1,500,000

313 W Jones Ave Phoenix, AZ 85041

South Mountain Neighborhood

Estimated payment $8,407/month

Total Views 2,451
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Incredible Investment Opportunity! This property offers a prime value-add opportunity in a high-demand location just south of Downtown Phoenix. With easy access to I-10 & I-17, it ensures quick commutes to key areas, making it an ideal investment with significant upside potential. 313 W Jones Ave - 20 units ($1,500,000)-(9) 2 bed / 1 bath & (11) 1 bed / 1 bath. 4012 S 3rd Ave (MLS: 6830702) - 2-unit duplex ($159,900) 4014 S 3rd Ave (Coming soon) - 2 additional units If acquired together, these properties offer a total of 24 multifamily units. Located near Downtown Phoenix, I-17, and the Central Ave light rail extension, this is an excellent value-add opportunity for an investor ready to maximize returns. Act fast—won't last!

Listing Agent

Joseph Mahoney

JM Realty License #BR561411000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,233

Year Built

  • Built in 1944

Home Design

  • Wood Frame Construction
  • Stucco

Parking

  • 30 Open Parking Spaces
  • 30 Parking Spaces

Schools

  • South Mountain High School

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 113-04-018

Community Details

Overview

  • 14 Buildings
  • 20 Units
  • Building Dimensions are 120 X 240
  • Southgate Park Subdivision

Building Details

  • Operating Expense $2,233

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,233

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Cross Street: S Central Ave & W Broadway Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 14
  • Ownership: Fee Simple
  • Year Built: 1944
  • Tax Year: 2024
  • Directions: Head south on S Central Ave, Turn right onto W Jones Ave. Property will be on the right.
  • Road Surface Type: Dirt, Asphalt
  • Subdivision Name: SOUTHGATE PARK
  • Construction:Wood Frame: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: See Remarks

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Other

Garage/Parking

  • Parking Features: Other
  • Attached Garage: No
  • Open Parking Spaces: 30.0
  • Total Parking Spaces: 30.0
  • General Property Description:Uncvrd Parking Spcs: 30.0
  • General Property Description:Total Parking Spcs: 30.0

Utilities

  • Electric: SRP
  • Cooling: See Remarks
  • Heating: See Remarks
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • High School: South Mountain High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 120 X 240
  • Additional Parcels: No
  • Parcel #: 113-04-018

Multi Family

  • Owner Pays: See Remarks
  • Number Of Units Total: 20
  • Annual Operating Expense: 2233.0

Tax Info

  • Tax Annual Amount: 2233.0
  • Tax Book Number: 113.00
  • Tax Lot: 1

Map

Range of Values:

Collateral Analytics

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ICE

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2025 03/19/25 For Sale $1,500,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6838625

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85041 South Mountain

313 W Jones Ave, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 313 W Jones Ave, Phoenix, AZ 85041 and is currently priced at $1,500,000. This property was built in 1944. 313 W Jones Ave is a home located in Maricopa County with nearby schools including Cesar E Chavez Community School, Cesar Chavez High School, and Phoenix Coding Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Joseph Mahoney
Listing Agent
Joseph Mahoney
Section Image
JM Realty
(480) 405-7638