315 E Carol Avenue Phoenix, AZ ^$ 584,900

315 E Carol Avenue

^$ 584,900

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315 E Carol Avenue

Phoenix, AZ, 85020

^$ 584,900

Studio Baths0.0

Monthly Estimate*

^$ 3,649

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $584,900. This home was built in 1940.

Professionally managed with 1 year leases and security deposits in place. Newly renovated with a new roofing system, foundation repairs, exterior and interior paint, new water heaters and plumbing fixtures, new white shaker cabinets, baseboards and trim, stainless steel GE appliances, R-38 insulation, 20 mm vinyl flooring, vinyl windows, and updated heating and cooling. There are 2 buildings with a 1 bedroom 1 bath unit and two 2 bedroom 1 bath units in the rear. Rents are $4,380 per month with RUBS for utilities included.

Multi-Family Active

Price

^$ 584,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 428

Style

Multiple Dwellings

Year Built

1940

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6955520

Features

General

Sewer Public Sewer

Heating Individual Central Heat Pump 2 or More Units Electric

Cooling Central Air Electric Heat Pump Individual 2 or More Units

Roof Composition

Zoning R3

Construction Materials Wood Frame Painted Stucco

Year Built 1940

Electric APS Master Meter Submetered System Individual Meter

Township 3N

Tax Year 2024

Ownership Fee Simple Fee Simple

Gross Income 52560.0

Community Features No Pool

County Maricopa

Net Operating Income 43582.0

Operating Expense 8978.0

Insurance Expense 1950.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name TENGEN PLACE ADDITION

Garage Y/N N

Status Active

Directions From AZ-51 and Northern West on Northern North on 7th Street West on Hatcher North on 5th Street West on Carol to property.

High School Sunnyslope High School

City Phoenix

Disclosures None

High School District Glendale Union High School District

Open Parking Spaces 4.0

Number Of Units Total 3

Carport Y/N N

Elementary School Sunnyslope Elementary School

Tax Annual Amount 428.0

Electric Expense 3600.0

Middle/Junior High School Sunnyslope Elementary School

Water Sewer Expense 3000.0

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 Washington Elementary School District

Tax Lot 1

Cap Rate 7.45

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Interior

Flooring Ceramic Tile Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features 1 Space/Unit

Water Source Master Meter City Franchise

Total Parking 4.0

Number of Buildings 2

Spa N

Lot Dimensions 55 x136

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 315

* Excluded Features

List By

Grayson Real Estate

Broker

keith@phxeco.com

Affordability Calculator

$3,685

Per Month

Monthly Principal & Interest: $3,649
Monthly Property Taxes: $36
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 ^$1,247,256

Percent of Sale Price 113%

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.

4326997 Elementary School

4326997 Middle School

Sunnyslope High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/19/2025	$584,900	-1.68%	Price Down
12/15/2025	$594,900	-0.02%	Price Down
12/9/2025	$595,000		Listed Price

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315 E Carol Avenue, Phoenix, AZ, 85020 is a Multi-Family Home for sale at $584,900. 315 E Carol Avenue is a studio with 0.0 baths and was built in 1940. 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 12/25/2025.

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315 E Carol Avenue

Multi-Family Home for sale in Phoenix, AZ

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