525 N 32nd St Phoenix, AZ 85008
Central City NeighborhoodEstimated payment $8,576/month
Total Views
3,012
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Individual Controls for Heating
- Phoenix Coding Academy Rated A
About This Home
Welcome to Thirteen on 32nd Street Apartments, a centrally located multifamily investment in Phoenix, just across from Celebrity Theatre and near the Phoenix Airport with convenient freeway access.
This offering includes two parcels at 525 & 526 N 32nd Street (APN: 121-17-026-A and 121-17-028-A), presenting an excellent value-add opportunity with below-market rents and redevelopment potential.
Property Details:
Studios: Currently rented at $750-$850 (Market: $950).
One-Bedroom Units: Currently at $850 to $950).
Three-Bedroom, One-Bath House (on second lot with an attached one-bedroom apartment): Rented at $1,300 with a $600 discount for the on-site manager (Market: $1,500).
Investment Highlights: Welcome to Twelve on 32nd Street Apartments, a centrally located multifamily investment in Phoenix, just across from Celebrity Theatre and near the Phoenix Airport with convenient freeway access.
This offering includes two parcels at 525 & 526 N 32nd Street (APN: 121-17-026-A and 121-17-028-A), presenting an excellent value-add opportunity with below-market rents and redevelopment potential.
Property Details:
Studios: Currently rented at $750-$850 (Market: $950).
One-Bedroom Units: Currently at $850 (Market: $950).
Three-Bedroom, One-Bath House (on second lot with an attached one-bedroom apartment): Rented at $1,300 with a $600 discount for the on-site manager (Market: $1,500).
Investment Highlights:
Below-Market Rents - Strong upside potential to increase rental income.
Redevelopment Potential - Opportunity to add more units or reposition the property.
Prime Location - Close to major transit, entertainment, and employment hubs.
All facts and figures are approximate. Buyer to verify all MLS information.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,789
Year Built
- Built in 1947
Lot Details
- Additional Parcels
Home Design
- Tile Roof
- Composition Roof
- Built-Up Roof
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Parking
- 13 Open Parking Spaces
- 14 Parking Spaces
- 1 Covered Space
Schools
- Brunson-Lee Elementary School
- Balsz Online Academy Middle School
- Alhambra High School
Utilities
- Cooling Available
- Individual Controls for Heating
Listing and Financial Details
- Tax Lot 19
- Assessor Parcel Number 121-17-026-A
Community Details
Overview
- 2 Buildings
- 13 Units
- Building Dimensions are irr
- Shelton Add To Acre City Subdivision
Building Details
- Operating Expense $23,789
- Gross Income $123,120
- Net Operating Income $98,132
Map
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Home Values in the Area
Average Home Value in this Area
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 | $589 | $4,904 | -- | -- |
| 2024 | $583 | $4,671 | -- | -- |
| 2023 | $583 | $25,430 | $5,080 | $20,350 |
| 2022 | $562 | $18,520 | $3,700 | $14,820 |
| 2021 | $572 | $15,660 | $3,130 | $12,530 |
| 2020 | $561 | $12,960 | $2,590 | $10,370 |
| 2019 | $559 | $9,830 | $1,960 | $7,870 |
| 2018 | $527 | $8,730 | $1,740 | $6,990 |
| 2017 | $505 | $7,960 | $1,590 | $6,370 |
| 2016 | $493 | $6,330 | $1,260 | $5,070 |
| 2015 | $463 | $4,670 | $930 | $3,740 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/26/2025 03/26/25 | For Rent | $1,100 | 0.0% | -- |
| 03/25/2025 03/25/25 | Price Changed | $1,495,000 | -11.3% | -- |
| 02/09/2025 02/09/25 | For Sale | $1,685,000 | +60.5% | -- |
| 12/31/2020 12/31/20 | Sold | $1,050,000 | 0.0% | $718 / Sq Ft |
| 11/02/2020 11/02/20 | Pending | -- | -- | -- |
| 10/27/2020 10/27/20 | For Sale | $1,050,000 | +159.3% | $718 / Sq Ft |
| 12/11/2015 12/11/15 | Sold | $405,000 | -8.0% | $277 / Sq Ft |
| 10/12/2015 10/12/15 | Pending | -- | -- | -- |
| 09/11/2015 09/11/15 | For Sale | $440,000 | -- | $301 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,075,000 | Chicago Title Agency | |
| Interfamily Deed Transfer | -- | First Arizona Title Agency | |
| Cash Sale Deed | $405,000 | First Arizona Title Agency | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $250,000 | Transnation Title Insurance | |
| Cash Sale Deed | $70,000 | Fidelity Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $960,000 | Commercial | |
| Previous Owner | $360,000 | Balloon | |
| Previous Owner | $1,100,000 | Construction | |
| Previous Owner | $385,000 | Unknown | |
| Previous Owner | $190,313 | Seller Take Back | |
| Closed | $23,687 | No Value Available |
Source: Public Records
Similar Homes in the area
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6817995
APN: 121-17-026A
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.
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
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