321 E CAROL Avenue Phoenix, AZ ^$ 725,000

321 E CAROL Avenue

^$ 725,000

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321 E CAROL Avenue

Phoenix, AZ, 85020

^$ 725,000

Studio Baths0.0

Monthly Estimate*

^$ 4,523

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $725,000. This home was built in 1962.

Amazing investment opportunity with 5 fully rented units, each featuring its own private fenced courtyard. Tenants enjoy designated parking in the back, with additional guest parking in front, plus an on-site coin laundry that is professionally serviced and maintained. Conveniently located near the Fire Department and John C. Lincoln Hospital, this property also offers stunning North Mountain views. This income-producing property is move-in ready for its next owner and won't be on the market for long!

Multi-Family Pending

Price

^$ 725,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,784

Style

Multiple Dwellings

Year Built

1962

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6922842

Features

General

Sewer Public Sewer

Heating Electric Natural Gas

Cooling Evaporative Cooling

Roof Composition

Zoning R-3

Construction Materials Painted Block

Year Built 1962

Electric SRP

Township 3N

Tax Year 2024

Ownership Fee Simple Fee Simple

Gross Income 50160.0

Community Features Play Area No Pool

County Maricopa

Net Operating Income 0.0

Operating Expense 15124.85

Property Type Multiple Dwellings

Attached Garage N

Garage Y/N N

Status Pending

High School Sunnyslope High School

City Phoenix

Disclosures Seller Prop Disc Stm

High School District Glendale Union High School District

Open Parking Spaces 10.0

Number Of Units Total 5

Carport Y/N N

Tax Annual Amount 1784.0

Electric Expense 1835.59

Fuel Expense 833.46

Trash Expense 0.0

Water Sewer Expense 9121.8

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Pending

Tax Lot 102B

New Financing: Conventional True

Senior Community N

Interior

Flooring Ceramic Tile

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Other Paved Assigned Add'l Parking Avail >1 Space Per Unit

Water Source City Franchise

Total Parking 10.0

Number of Buildings 2

Spa N

Lot Dimensions 13504

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 321

* Excluded Features

List By

Realty One Group

Broker

de.azrealtor@gmail.com

Affordability Calculator

$4,672

Per Month

Monthly Principal & Interest: $4,523
Monthly Property Taxes: $149
Monthly Home Insurance: --

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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 ^$1,206,219

Percent of Sale Price 66%

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

Sunnyslope High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/21/2025	$725,000		Listed Price

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321 E CAROL Avenue, Phoenix, AZ, 85020 is a Multi-Family Home for sale at $725,000. 321 E CAROL Avenue is a studio with 0.0 baths and was built in 1962. 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 12/9/2025.

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321 E CAROL Avenue

Multi-Family Home for sale in Phoenix, AZ

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