340 N 12TH Street
Phoenix, AZ, 85006 $ 415,000
Baths0.0 Monthly Estimate*
$ 2,589
Studio for $415,000. This home was built in 1916.
Don't miss this rare chance to own a corner lot duplex just minutes from Downtown Phoenix! This unique property features two separate homes on one lot — a 3 bed, 2 bath main house 1,121 sq ft plus a 1 bed, 1 bath back house 468 sq ft — ideal for house hacking, multigenerational living, or maximizing rental income. Both homes offer a fantastic value-add opportunity for investors or savvy homeowners. Live in one unit and rent the other, or capitalize on the booming demand for rentals in this vibrant, walkable neighborhood. Located in the Garfield Historic District, one of Phoenix's most sought-after & fast-growing areas, known for its vintage charm, artistic vibe, and community feel. Enjoy easy access to ASU Downtown Campus, University of Arizona College of Medicine, Roosevelt Row Arts District, and top-rated schools. Walk or bike to popular local coffee shops, boutique restaurants, music venues, and First Friday Art Walks. The corner lot provides additional privacy, street presence, and potential future development options. Zoned R-5 for high-density residential, giving flexibility for expansion (buyer to verify). Whether you're a buy-and-hold investor, short-term rental operator, or a homebuyer looking to offset your mortgage, this property is a must-see. Minutes to: Downtown Phoenix Chase Field & Footprint Center Phoenix Convention Center Freeways (I-10, I-17) Light rail Museums, nightlife, restaurants and more
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FeaturesGeneralSewer Public Sewer
Heating Electric
Cooling Central Air Window/Wall Unit Electric Individual
Roof Composition
Zoning RES
Construction Materials Wood Frame Stucco
Year Built 1916
Electric SRP
Township 1N
Tax Year 2024
Ownership Fee Simple Fee Simple
Gross Income 34200.0
Community Features No Pool
County Maricopa
Net Operating Income 25900.0
Operating Expense 3190.0
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name VAN BUREN PLACE
Garage Y/N N
Status UCB (Under Contract-Backups)
Directions From Van Buren head N. on 12th St house is on the corner of 12 St. and Polk. Guest house is on Polk St. and has 1161 on the surrounding wooden fence.
High School North High School
City Phoenix
Disclosures Seller Prop Disc Stm
High School District Phoenix Union High School District
Open Parking Spaces 1.0
Number Of Units Total 2
Lot Size Square Feet 0.0
Carport Y/N N
Elementary School Garfield School
Tax Annual Amount 990.0
Middle/Junior High School Garfield School
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active Under Contract
Occupancy Type Tenant
Elementary School District Phoenix Elementary District
Tax Lot 19
Cap Rate 6.02
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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InteriorFlooring Carpet Ceramic Tile Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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ExteriorParking Features RV Access/Parking Other Free On Street
Water Source City Franchise
Total Parking 1.0
Lot Size Area 0.0
Number of Buildings 2
Spa N
Lot Dimensions 6759
Lot Size Acres 0.0
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList Bybrittany@thepruittteam.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,589
- Monthly Property Taxes
- $83
- Monthly 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.
Learn more about how to save NearbyMulti-family listings in Phoenix, AZ
Average List Price $1,164,455
Percent of Sale Price 181%
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.
4327267 Elementary School
4327047 Middle School
North High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/9/2025 | $415,000 | -3.49% | Price Down |
| 10/17/2025 | $430,000 | | Listed Price |