301 E SOUTHERN Avenue E Phoenix, AZ ^$ 899,990

301 E SOUTHERN Avenue E

^$ 899,990

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301 E SOUTHERN Avenue E

Phoenix, AZ, 85040

^$ 899,990

Studio Baths0.0

Monthly Estimate*

^$ 5,615

301 E SOUTHERN Avenue E, Phoenix, AZ 85040 - Image 1

301 E SOUTHERN Avenue E, Phoenix, AZ 85040 - Image 2

301 E SOUTHERN Avenue E, Phoenix, AZ 85040 - Image 3

301 E SOUTHERN Avenue E, Phoenix, AZ 85040 - Image 4

301 E SOUTHERN Avenue E, Phoenix, AZ 85040 - Image 5

Studio

Multi-Family Home for sale in Phoenix, AZ

for $899,990. This home was built in 1918.

THIS INCOME-PRODUCING PROPERTY FEATURES A TOTAL OF 7 RESIDENTIAL UNITS, FOURPLEX HAS 3 UNITS 1 BEDROOM 1 BATH AND ONE STUDIO. TRIPLEX(FRONT BUILDING) HAS 2 UNITS WITH 2 BEDROOMS 1 BATH AND ONE 1 BEDROOM 1 BATH. THE PROPERTY OFFERS PAVED PARKING FOR RESIDENTS AND A GAZEBO AS A COMMON AREA FOR RELAXATION AND COMMUNITY GATHERING. CENTRALLY LOCATED, IT PROVIDES EASY ACCESS TO SHOPPING, BUS AND LIGHT RAIL ROUTES, MAKING COMMUTING CONVENIENT. THE PROPERTY IS APPROXIMATELY 6 MILES FROM THE AIRPORT AND 5 MILES FROM DOWNTOWN PHOENIX, MAKING IT AN IDEAL LOCATION FOR TENANTS SEEKING CONVENIENCE AND ACCESSIBILITY. TOTAL MONTHLY RENT COLLECTED IS $4825.00 2 BUILDINGS 7 UNITS. RENTS ARE BELOW MARKET RENTS. ALL TENANTS ARE MONTH TO MONTH. DO NOT DISTURB TENANTS.

Multi-Family Active

Price

^$ 899,990

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,174

Style

Multiple Dwellings

Year Built

1918

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6936126

Features

General

Sewer Public Sewer

Heating Individual

Cooling Ceiling Fan(s) Electric

Roof Tile

Zoning R-5

Construction Materials Wood Frame Stucco

Year Built 1918

Electric Individual Meter

Township 1N

Tax Year 2024

Ownership Fee Simple Fee Simple

Gross Income 57321.0

Community Features Barbecue

County Maricopa

Net Operating Income 44667.0

Operating Expense 17298.0

Insurance Expense 1445.0

Property Type Multiple Dwellings

Attached Garage N

MaintenanceExpense 3434.0

Garage Y/N N

Status Active

Directions CENTRAL AVENUE TURN EAST ON SOUTHERN TO 3RD STREET TURN NORTH. PROPERTY IS ON THE NORTHWEST CORNER OF SOUTHERN AND 3RD STREET

City Phoenix

Disclosures None

High School District Phoenix Union High School District

Open Parking Spaces 18.0

Number Of Units Total 7

Carport Y/N N

Tax Annual Amount 1174.0

Electric Expense 0.0

Fuel Expense 2174.0

Water Sewer Expense 6071.0

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

Elementary School District Roosevelt Elementary District

Tax Lot N/A

Cap Rate 4.96

New Financing: Conventional True

Senior Community N

Interior

Flooring Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features >1 Space Per Unit

Water Source City Franchise

Total Parking 18.0

Number of Buildings 2

Spa N

Lot Dimensions 87 FRONT 187 DEPTH 197 WEST SIDE 191 EAST SIDE

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 301

* Excluded Features

List By

Homesmart

Broker

alejandra1mena@gmail.com

Affordability Calculator

$5,713

Per Month

Monthly Principal & Interest: $5,615
Monthly Property Taxes: $98
Monthly Home Insurance: --

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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 ^$1,196,069

Percent of Sale Price 33%

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.

4327165 Elementary School

4327058 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/20/2025	$899,990		Listed Price

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301 E SOUTHERN Avenue E, Phoenix, AZ, 85040 is a Multi-Family Home for sale at $899,990. 301 E SOUTHERN Avenue E is a studio with 0.0 baths and was built in 1918. The property's zip code is 85040 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 12/17/2025.

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301 E SOUTHERN Avenue E

Multi-Family Home for sale in Phoenix, AZ

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