1224 E DUNLAP Avenue Phoenix, AZ ^$ 1,550,000

1224 E DUNLAP Avenue

^$ 1,550,000

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1224 E DUNLAP Avenue

Phoenix, AZ, 85020

^$ 1,550,000

Studio Baths0.0

Monthly Estimate*

^$ 9,670

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $1,550,000. This home was built in 1980.

Find your prime investment opportunity today! This is an 8-unit low-rise complex. Built in 1980, but was extensively upgraded in 2023, making it a turnkey investment with significant potential for income growth. Offering a mix of two standalone 2-bedroom, 2-bathroom units and six 2-bedroom, 1-bathroom units, with modern amenities and high-quality finishes. Each unit features spacious living areas, updated kitchens and bathrooms, and individual storage units. The complex also boasts ample parking with 24 spaces and a well-maintained exterior. The proximity to major employers, shopping centers, hiking trails, and parks puts it in a highly desirable location, this property is perfect for long term tenants!

Multi-Family Active

Price

^$ 1,550,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 3,005

Style

Multiple Dwellings

Year Built

1980

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6732554

Features

General

Sewer Public Sewer

Heating Individual Central

Cooling Central Air Ceiling Fan(s) Individual

Roof Composition

Zoning R-3

Construction Materials Painted Block

Year Built 1980

Electric APS Submetered System

Township 3N

Tax Year 2023

Ownership Fee Simple Fee Simple

Gross Income 133418.73

Community Features No Pool

County Maricopa

Net Operating Income 102913.73

Operating Expense 30505.0

Property Type Multiple Dwellings

Attached Garage N

Garage Y/N N

Status Active

Directions From SR-51 Freeway exit on Northern and head west. Turn right on N 12th St then turn right on Dunlap Ave. Property will be on the left.

City Phoenix

Disclosures None

High School District Glendale Union High School District

Open Parking Spaces 24.0

Number Of Units Total 8

Lot Size Square Feet 0.0

Carport Y/N N

Tax Annual Amount 3005.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Tenant

Tax Lot 0

Cap Rate 6.05

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Interior

Flooring Carpet Ceramic Tile Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Paved >1 Space Per Unit

Water Source City Franchise

Total Parking 24.0

Lot Size Area 0.0

Number of Buildings 3

Spa N

Lot Dimensions Unknown

Lot Size Acres 0.0

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1224

* Excluded Features

List By

Axen Realty, Llc

Broker

stephen2@asaphomes.com

Affordability Calculator

$9,920

Per Month

Monthly Principal & Interest: $9,670
Monthly Property Taxes: $250
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Phoenix, AZ

Average List Price ^$1,164,455

Percent of Sale Price 25%

About Phoenix, AZ

1,596,463 Population

20% Since 2002

^$51,132 Median Income

34.66 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327134 Elementary School

4327258 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/6/2025	$1,550,000	-8.82%	Price Down
3/18/2025	$1,700,000	-10.53%	Price Down
12/19/2024	$1,900,000	-4.76%	Price Down
9/19/2024	$1,995,000	-3.86%	Price Down
7/18/2024	$2,075,000		Listed Price

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1224 E DUNLAP Avenue, Phoenix, AZ, 85020 is a Multi-Family Home for sale at $1,550,000. 1224 E DUNLAP Avenue is a studio with 0.0 baths and was built in 1980. The property's zip code is 85020 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/8/2025.

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1224 E DUNLAP Avenue

Multi-Family Home for sale in Phoenix, AZ

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