715 W Cinnabar Ave Phoenix, AZ 85021
North Mountain Village NeighborhoodEstimated payment $6,796/month
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heat Pump System
- Sunnyslope High School Rated A
- Ceiling Fan
- 3-minute walk to Mountain View Park
About This Home
Unlock the potential of this well-maintained 6-unit apartment building ideally located at 715 W Cinnabar Ave, Phoenix, AZ 85021. Priced at $1,200,000, this high-performing asset is a rare find in a sought-after North Central neighborhood—offering excellent income, long-term upside, and the unique option to purchase the triplex next door for added scale and flexibility.
Several units have been tastefully remodeled, and the property benefits from a newer roof along with other major capital improvements, minimizing deferred maintenance and ensuring peace of mind for the next owner. The unit mix provides strong rental appeal, with stable tenants and room for future rent increases.
Located less than one block from a beautiful neighborhood park and surrounded by hiking tra Unlock the potential of this well-maintained 6-unit apartment building ideally located at 715 W Cinnabar Ave, Phoenix, AZ 85021. Priced at $1,200,000, this high-performing asset is a rare find in a sought-after North Central neighborhoodoffering excellent income, long-term upside, and the unique option to purchase the triplex next door for added scale and flexibility.
Several units have been tastefully remodeled, and the property benefits from a newer roof along with other major capital improvements, minimizing deferred maintenance and ensuring peace of mind for the next owner. The unit mix provides strong rental appeal, with stable tenants and room for future rent increases.
Located less than one block from a beautiful neighborhood park and surrounded by hiking trails and outdoor recreation, this location appeals to renters seeking a blend of urban convenience and natural amenities. Proximity to employment centers, I-17, and the Light Rail corridor enhances its investment profile.
Property Highlights:
6 units in total - partially remodeled
Newer roof and recent capital improvements
Excellent income with room for growth
Potential to purchase adjacent triplex for portfolio expansion
Desirable 85021 location near parks, hiking, and transit
Quiet, residential street with strong tenant appeal
This is a rare opportunity to acquire a stabilized, upgraded multifamily asset in one of Phoenix's most dynamic rental corridors. Perfect for 1031 exchange buyers, new investors looking for turnkey returns, or seasoned pros wanting to add quality units to their portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,330
Year Built
- Built in 1960
Home Design
- Composition Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
Flooring
- Ceramic Tile
- Vinyl
Parking
- 12 Open Parking Spaces
- 12 Parking Spaces
Utilities
- Cooling Available
- Heat Pump System
- Individual Controls for Heating
- Master Water Meter
Listing and Financial Details
- Tax Lot 18
- Assessor Parcel Number 158-29-050
Community Details
Overview
- 6 Units
- Building Dimensions are irr
- Ironwood Place Subdivision
Building Details
- Operating Expense $19,710
- Gross Income $104,865
- Net Operating Income $88,398
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/07/2025 04/07/25 | For Sale | $1,200,000 | -33.3% | -- |
| 04/04/2025 04/04/25 | For Sale | $1,800,000 | +791.1% | -- |
| 08/22/2014 08/22/14 | Sold | $202,000 | +1.0% | $337 / Sq Ft |
| 07/25/2014 07/25/14 | Pending | -- | -- | -- |
| 07/19/2014 07/19/14 | For Sale | $200,000 | -- | $333 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6847850
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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