4118 N 3RD Avenue Phoenix, AZ ^$ 635,000

4118 N 3RD Avenue

^$ 635,000

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4118 N 3RD Avenue

Phoenix, AZ, 85013

^$ 635,000

Studio Baths0.0

Monthly Estimate*

^$ 3,962

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $635,000. This home was built in 1952.

4118 N 3rd Ave is a 3-unit apartment community located in the Midtown Submarket of Phoenix, Arizona. Originally constructed in 1952, the property has undergone significant capital improvements over recent years, including interior updates, brand new plumbing system with 100% PEX , newer roof, water heaters, upgraded electrical, and added private fencing. The building consists of (3) one-bedroom, one-bathroom floor plans and a covered parking spot for each unit. Each unit is currently occupied at below market rents, allowing for considerable rental upside. New ownership acquire a renovated and well-performing asset with near-term upside in a highly desirable and centralized location along the Central Avenue Corridor.

Multi-Family Active

Price

^$ 635,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,161

Style

Multiple Dwellings

Year Built

1952

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6937740

Features

General

Sewer Sewer-In & Connected Public Sewer

Heating Heat Pump Electric

Cooling Central Air Ceiling Fan(s) Electric Heat Pump Individual

Roof Composition

Zoning R4

Construction Materials Painted Block

Year Built 1952

Electric SRP

Township 2N

Tax Year 2024

Ownership Fee Simple Fee Simple

Gross Income 42108.0

Community Features See Remarks No Pool

County Maricopa

Net Operating Income 36015.0

Operating Expense 6294.0

Insurance Expense 1713.0

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name INDIAN PARK

Garage Y/N N

Status Active

City Phoenix

Disclosures Seller Prop Disc Stm

High School District Phoenix Union High School District

Open Parking Spaces 2.0

Number Of Units Total 3

Carport Y/N N

Tax Annual Amount 1161.0

Water Sewer Expense 2700.0

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 Osborn Elementary District

Tax Lot 58

Cap Rate 5.67

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Interior

Flooring Ceramic Tile

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Add'l Parking Avail 1 Space/Unit Carport

Water Source Master Meter City Franchise

Total Parking 5.0

Number of Buildings 1

Spa N

Lot Dimensions 112x66

Covered Spaces 3.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 4118

* Excluded Features

List By

Matthews Real Estate Investment Services

Broker

brad.skenderian@matthews.com

Affordability Calculator

$4,058

Per Month

Monthly Principal & Interest: $3,962
Monthly Property Taxes: $97
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 ^$1,202,722

Percent of Sale Price 89%

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
10/23/2025	$635,000		Listed Price

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4118 N 3RD Avenue, Phoenix, AZ, 85013 is a Multi-Family Home for sale at $635,000. 4118 N 3RD Avenue is a studio with 0.0 baths and was built in 1952. The property's zip code is 85013 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 12/13/2025.

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4118 N 3RD Avenue

Multi-Family Home for sale in Phoenix, AZ

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