141 W LATONA Road Phoenix, AZ ^$ 4,995,000

141 W LATONA Road

^$ 4,995,000

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Recently Listed New Construction

141 W LATONA Road

Phoenix, AZ, 85041

^$ 4,995,000

Studio Baths0.0

Monthly Estimate*

^$ 30,755

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141 W LATONA Road, Phoenix, AZ 85041 - Image 13

Studio

Multi-Family Home for sale in Phoenix, AZ

for $4,995,000. This home was built in 2025.

11 individual homes sold in bulk built in 2024. Nice community with 2 pocket parks. All homes have 2 car garages. Located near the new light rail line extension on Central Ave. AS of now, 8 homes are leased, self-managed by the owner. Owner maintains the common areas and provides quarterly exterior pest control. Buyer to verify all information.

Multi-Family Active

Price

^$ 4,995,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 330

Style

Multiple Dwellings

Year Built

2025

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6968385

Features

General

Sewer Public Sewer

Heating Electric

Cooling Electric

Roof Composition See Remarks Foam

Zoning Residential

Construction Materials Wood Frame Stucco

Year Built 2025

Electric SRP

Township 1S

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 277053.84

Community Features No Pool

County Maricopa

Net Operating Income 254251.0

Operating Expense 23133.0

Insurance Expense 10643.0

New Construction Y

Property Type Multiple Dwellings

Subdivision Name LATONA FONTAINE

Garage Y/N Y

Status Active

Directions South from Baseline Rd. on 7th Ave to Gary Way. East to 5th Ave. South to Beverly Rd. East to 2nd Dr. South to Latona then east to the 11 new homes.

City Phoenix

Disclosures Other (See Remarks)

High School District Phoenix Union High School District

Open Parking Spaces 0.0

Number Of Units Total 11

Carport Y/N N

Tax Annual Amount 330.0

Electric Expense 60.0

Property Condition New Construction

Lease Renewal Y/N N

Additional Parcels Y/N Y

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Tenant

Elementary School District Roosevelt Elementary District

Tax Lot 1

Cap Rate 5.09

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Exterior

Water Source City Franchise

Total Parking 22.0

Number of Buildings 11

Spa N

Lot Dimensions Irregular

Covered Spaces 22.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Interior

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Internal Only

Street Number 1 141

* Excluded Features

List By

City To City Commercial

Broker

jfrazey@citytocitycre.com

Affordability Calculator

$30,783

Per Month

Monthly Principal & Interest: $30,755
Monthly Property Taxes: $28
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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 ^$1,318,524

Percent of Sale Price 74%

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
1/14/2026	$4,995,000		Listed Price

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141 W LATONA Road, Phoenix, AZ, 85041 is a Multi-Family Home for sale at $4,995,000. 141 W LATONA Road is a studio with 0.0 baths and was built in 2025. The property's zip code is 85041 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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 1/21/2026.

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141 W LATONA Road

Multi-Family Home for sale in Phoenix, AZ

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