316 E VOGEL Avenue
Phoenix, AZ, 85020 $ 845,000
Bedrooms7 Baths0.0 Monthly Estimate*
$ 5,335
for $845,000 with 7 bedrooms. This home was built in 1939.
100% occupied - immediate income from all three residences Three-unit property - two three-bedroom units plus one casita $4,995 in total scheduled monthly income $19,219.29 in seller-reported recent improvements New 125-amp electrical panel and service upgrades Updated kitchens and bathrooms with attractive finishes Interior paint, doors, hardware, lighting and ceiling-fan improvements Individual washer and dryer in each unit Private residential setting with a shared BBQ and gathering area Strong North Phoenix location with established rental demand R-3 zoning on approximately 13,375 square feet of land Turnkey investment opportunity offering current stability and long-term potential Welcome to 316-322 E Vogel Ave, a fully occupied North Phoenix triplex offering immediate income, a desirable residential layout and substantial recent improvements. The property consists of two spacious three-bedroom residences plus one casita, providing a diversified unit mix that appeals to a broad tenant base. The current rent roll reflects $4,745 in monthly base rent plus $250 in utility and pet fees, producing total scheduled income of $4,995 per month, or $59,940 annually. All three residences are currently occupied, allowing an investor to acquire an income-producing property without an initial lease-up period. PROPERTY HIGHLIGHTS " Fully occupied three-unit investment " Two three-bedroom residences plus one casita " Approximately 3,691 square feet of building area " Approximately 13,375 square feet of land " R-3 multifamily residential zoning " Individual residential buildings offering tenants added privacy " Individual laundry facilities " Shared outdoor BBQ and gathering area " Convenient North Phoenix location within the 85020 ZIP code RECENT PROPERTY IMPROVEMENTS The most recent seller-provided capital-improvements summary reports $19,219.29 in repairs and upgrades. Improvements include: " New 125-amp electrical panel and electrical-service improvements " Interior repairs, texture and two-tone paint " Interior doors, closet doors, locks and hardware " Window repairs and replacement blinds " Kitchen cabinet refinishing, faucets, hardware and related improvements " Bathroom mirrors, accessories, fixtures and tub refinishing " Updated lighting and ceiling fans " Smoke and carbon-monoxide detectors " Garage motor and remote replacement " Sliding-door and closet improvements " General cleaning, safety and property-condition improvements The residences also feature updated kitchens and bathrooms, modern appliances, refreshed interiors and a combination of attractive tile and updated flooring. OUTDOOR AND STORAGE FEATURES A shared outdoor BBQ and gathering area provides residents with a comfortable space to relax and enjoy Arizona's outdoor lifestyle. Mature trees, shaded areas, brick walkways and low-maintenance landscaping contribute to the property's residential character. The property also includes two large gray storage sheds behind the casita and one permanent storage structure. These structures may provide additional storage utility or potential ancillary income, subject to buyer verification, lease terms and applicable municipal requirements. Seller has indicated that stored contents will be removed before closing. INVESTMENT OPPORTUNITY 316-322 E Vogel Ave combines full occupancy, three separate living environments, an established income stream and recent capital improvements. The mix of two three-bedroom units and one casita provides diversification while the separate-building configuration offers residents privacy that is uncommon in many small multifamily properties. This property may be well suited for an investor seeking an occupied North Phoenix multifamily asset with recent improvements and long-term income potential. Buyer to independently verify the rent roll, leases, income, expenses, improvements, permits, storage uses, property condition and all other facts and figures.
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FeaturesGeneralSewer Public Sewer
Heating Individual Heat Pump Electric
Cooling Ceiling Fan(s) Heat Pump Individual
Roof Composition
Zoning [R-3] Multiple
Security Features Security Light(s)
Construction Materials Wood Frame Siding Painted Brick
Year Built 1939
Electric APS Individual Meter
Township 3N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 2619.0
Community Features Barbecue No Pool
County Maricopa
Net Operating Income 48191.0
Operating Expense 18529.0
Insurance Expense 3285.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 750.0
Subdivision Name TENGEN PLACE ADDITION
Garage Y/N N
Status Active
Directions From E Mountain View Rd Turn left onto N 7th St Turn right onto E Vogel Property is on the North side of the Street. Drive by only
City Phoenix
Disclosures Other (See Remarks) Seller Prop Disc Stm APOD/Backup Avaible Sch of Personal Prop
High School District Glendale Union High School District
Open Parking Spaces 7.0
Number Of Units Total 3
Carport Y/N N
Tax Annual Amount 6958.0
Electric Expense 0.0
Fuel Expense 0.0
Water Sewer Expense 3600.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://tours.arizonarealtours.com/2361241?idx=1
Standard Status Active
Occupancy Type Tenant
Tax Lot 4
Cap Rate 5.7
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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InteriorFlooring Other Carpet Ceramic Tile
Air Conditioning Y/N Y
Heating Y/N Y
Total Bedrooms 7
Total Baths 404
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ExteriorParking Features Paved Free Add'l Parking Avail >1 Space Per Unit On Street
Water Source Individual Meter City Franchise
Total Parking 7.0
Number of Buildings 3
Spa N
Lot Dimensions irr
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByGerchick Real EstateBroker
Linda@justsoldit.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,335
- Monthly Property Taxes
- $580
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyMulti-family listings in Phoenix, AZ
Average List Price $1,159,691
Percent of Sale Price 37%
About Phoenix, AZ 1,596,463 Population
20% Since 2002
$ 51,132 Median Income
34.66 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
4327134 Elementary School
4327258 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/7/2026 | $845,000 | -3.43% | Price Down |
| 1/10/2026 | $875,000 | -5.41% | Price Down |
| 12/31/2025 | $925,000 | -1.07% | Price Down |
| 10/17/2025 | $935,000 | | Listed Price |