5501 W Orangewood Ave Glendale, AZ 85301
East Catlin Court Historic District NeighborhoodEstimated payment $8,300/month
Highlights
- Cooling Available
- Ceiling Fan
- Heating Available
- Resident Manager or Management On Site
- Vinyl Flooring
- 2-minute walk to Sands Park
About This Home
Exceptional Investment Opportunity!
Turn-Key Triplexes with Manager's Quarters in Glendale, AZ. Discover an incredible investment opportunity in the heart of Glendale with this fully renovated property featuring two beautifully remodeled triplexes and a centrally located manager's quarters or leasing office in the middle of both. Situated on a corner lot, this property is perfectly designed to attract residents seeking affordable alternatives to single-family housing while enjoying the conveniences of modern living. Why This Property Stands Out:
This charming garden-style community is fully fenced and boasts front and back courtyards, making it an ideal choice for supportive housing initiatives or non-profit developers. With excellent local and regional access, this property is perfectly positioned for young professionals, business representatives, and others who prefer to reside near work and recreation, without the maintenance and burdens of typical single-family homes. Property Highlights: Two triplexes**: Each of the six units features two bedrooms and one bath, measuring approximately 700 sq. ft. These single-level units come equipped with brand-new plumbing, electrical systems, flooring, cabinets, fixtures, and appliances, all creating a modern and welcoming atmosphere. Thoughtfully designed with color and landscaping elements in mind, the buildings enhance the urban setting. ADA Compliant Manager's Quarters or Leasing Office. This central building is fully compliant with ADA standards, ensuring accessibility and convenience. Versatile Use: This property is perfect for a variety of community housing needs, including halfway homes, group homes, sober living facilities, clergy residences, or rectories. There is potential to lease each unit to tenants involved in state and federal programs, enabling strong returns while fulfilling vital community functions.
Investment Potential: Each unit is separately metered for electricity, maximizing rental income. Manage one mortgage payment while enjoying the revenue from multiple units within a high-demand rental market. Fully Permitted & Inspected: The property is fully permitted, engineered, and inspected, complete with a Certificate of Occupancy. A recent consolidation of two lots into one promotes operational efficiency and streamlined management. New Driveway & Enhanced Curb Appeal: Featuring a brand-new driveway, the property not only enhances accessibility but also boosts the overall curb appeal. Community Focus & Location Advantages: Conveniently located on a corner lot, this property benefits from all city services and is situated in a desirable rental area, encouraging residents to engage with diverse housing initiatives. This community supports programs for veterans, victims of domestic violence, tribes, and other vulnerable populations, thereby strengthening community bonds. The site is ideally positioned within walking distance to abundant retail, restaurants, and entertainment, creating a sustainable, walk-friendly environment. Residents can easily utilize pedestrian and bike connections to surrounding amenities, promoting reduced vehicular traffic and a more sustainable lifestyle. Owner Motivated to Sell! Don't miss out on this exceptional turn-key opportunity! The value rooted in its "use" ensures this property is ready to serve the community while generating strong income potential. Explore the Possibilities! This is a rare gem that checks all the boxes for functionality and investment potential!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,561
Year Built
- Built in 1963
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- Ceiling Fan
- Vinyl Flooring
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Schools
- Glendale Landmark Elementary And Middle School
- Glendale High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tax Lot 5/6 combined
- Assessor Parcel Number 147-24-145-A
Community Details
Overview
- 3 Buildings
- 6 Units
- Building Dimensions are 123.8' x 110'
- Catlin Court Blk 1, 2, 6 & 7 Subdivision
Additional Features
- Operating Expense $2,561
- Resident Manager or Management On Site
Map
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 | $1,136 | $8,509 | -- | -- |
| 2024 | $1,041 | $8,104 | -- | -- |
| 2023 | $1,041 | $27,960 | $5,590 | $22,370 |
| 2022 | $1,034 | $20,210 | $4,040 | $16,170 |
| 2021 | $1,021 | $19,050 | $3,810 | $15,240 |
| 2020 | $1,031 | $17,500 | $3,500 | $14,000 |
| 2019 | $1,019 | $13,550 | $2,710 | $10,840 |
| 2018 | $981 | $11,010 | $2,200 | $8,810 |
| 2017 | $991 | $8,930 | $1,780 | $7,150 |
| 2016 | $934 | $8,650 | $1,730 | $6,920 |
| 2015 | $867 | $9,370 | $1,870 | $7,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/01/2025 03/01/25 | For Sale | $1,449,000 | +257.8% | -- |
| 02/10/2023 02/10/23 | Sold | $405,000 | 0.0% | $155 / Sq Ft |
| 09/06/2022 09/06/22 | Pending | -- | -- | -- |
| 07/17/2022 07/17/22 | For Sale | $405,000 | -- | $155 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,045,000 | Pioneer Title Services | |
| Warranty Deed | $875,000 | Pioneer Title Services | |
| Warranty Deed | $1,940,000 | Pioneer Title | |
| Special Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $150,000 | Security Title Agency |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $780,000 | New Conventional | |
| Closed | $780,000 | New Conventional | |
| Previous Owner | $167,000 | Unknown | |
| Previous Owner | $138,750 | Unknown | |
| Previous Owner | $115,000 | Commercial | |
| Closed | $5,000 | No Value Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6828771
APN: 147-24-144
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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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