$1,095,000
$30K PRICE DROP

Estimated payment $6,225/month

Total Views 2,658
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Tavan Elementary School Rated A

About This Home

This property is a boutique 4-unit value-add investment opportunity, located in the heart of Old Town Scottsdale. Built in 1971, the property features (4) 2-bedroom, one-bathroom units, measuring approximately 693 sq. ft. each. Current ownership has made several exterior improvements over recent years, including 2 new HVAC units and upgrades to the plumbing system. The asset sits just minutes from Scottsdale Fashion Square, The Waterfront, and a variety of top-tier restaurants, including Olive & Ivy, The Mission, and Culinary Dropout, the property benefits from high walkability and consistent demand from both long-term tenants and short-term renters.

Listing Agent

Kyle Inman

Matthews Real Estate Investment Services License #SA691658000

Co-Listing Agent

Brad Skenderian

Matthews Real Estate Investment Services License #SA692958000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,372

Year Built

  • Built in 1971

Home Design

  • Brick Exterior Construction
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 130-47-136

Community Details

Overview

  • 4 Units
  • Building Dimensions are Unknown
  • Las Viviendas Subdivision

Building Details

  • Operating Expense $1,372
  • Gross Income $72,732
  • Net Operating Income $58,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,372

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2024
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Co List Office Mls Id: MRE001
  • Co List Office Phone: 310-388-0788
  • Subdivision Name: LAS VIVIENDAS
  • Cooling:Central Air: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Brick Veneer, Block
  • Roof: Other
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0

Utilities

  • Electric: Individual Meter
  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other

Association/Amenities

  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Junior High Dist: Scottsdale Unified District

Lot Info

  • Lot Size: Unknown
  • Additional Parcels: No
  • Parcel #: 130-47-136

Multi Family

  • Owner Pays: Other
  • Number Of Units Total: 4
  • Annual Gross Income: 72732.0
  • Property Net Operating Income: 58240.0
  • Annual Operating Expense: 1372.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1372.0
  • Tax Book Number: 130.00
  • Tax Lot: 6

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $1,372 $19,759 -- --
2024 $1,360 $18,818 -- --
2023 $1,360 $59,930 $11,980 $47,950
2022 $1,283 $47,070 $9,410 $37,660
2021 $1,365 $42,780 $8,550 $34,230
2020 $1,353 $29,880 $5,970 $23,910
2019 $1,316 $27,310 $5,460 $21,850
2018 $1,270 $26,100 $5,220 $20,880
2017 $1,220 $21,680 $4,330 $17,350
2016 $1,199 $21,560 $4,310 $17,250
2015 $1,140 $17,380 $3,470 $13,910
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2025 04/18/25 Price Changed $1,095,000 -2.7% --
02/25/2025 02/25/25 For Sale $1,125,000 +116.3% --
07/09/2019 07/09/19 Sold $520,000 -1.0% $198 / Sq Ft
05/17/2019 05/17/19 For Sale $525,000 -- $199 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed -- Great American Ttl Agcy Inc
Interfamily Deed Transfer -- Great American Ttl Agcy Inc
Warranty Deed -- Great American Ttl Agcy Inc
Warranty Deed -- Accommodation
Warranty Deed $520,000 Driggs Title Agency Inc
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Chicago Title
Cash Sale Deed $158,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $402,000 No Value Available
Closed $402,000 New Conventional
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6826338

Arizona Regional Multiple Listing Service (ARMLS)

APN: 130-47-136