322 N 11TH Place Phoenix, AZ $ 795,000
322 N 11TH Place
$ 795,000
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322 N 11TH Place

Phoenix, AZ, 85006
$ 795,000
Baths0.0

Monthly Estimate*

$ 4,895

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $795,000. This home was built in 1928.

Comprehensively RENOVATED 4 UNITS Short-Term Rental in PRIME Phoenix LOCATION on R-5 zoning. Cap rate 10.6%. 2025 average occupancy rate 65%, Airbnb rating 4.85 out of 5! Comes with confirmed future bookings totaling over $5,000 through Mar 1, 2026 and the established hosting accounts on main short term rentals platforms!!! UNITS: One 2 BD-1BA and Three Studios. Every unit has its OWN kitchen, bathroom and a separate PRIVATE ACCESS. 2 BD unit has it's own Landry with washer and dryer. The backyard is a common space for all guests with a Grill, Fire pit, Hammock and a separate Laundry shed. Cleaning and maintenance crews use another outside shed for supplies. Each unit uniquely renovated and staged, designed to appeal to a broad range of tenants—perfect for maximizing occupancy & income! The property located in a high-demand area of Downtown Phoenix, minutes to Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, Van Buren.

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Multi-Family Active

Price

$ 795,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,236

Style

Multiple Dwellings

Year Built

1928

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6969679

Features
General
Sewer Public Sewer
Heating Electric
Cooling Electric
Roof Composition
Zoning R-5
Construction Materials Wood Frame Stucco
Year Built 1928
Electric APS
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 122705.0
Community Features No Pool
County Maricopa
Net Operating Income 90052.0
Operating Expense 37591.0
Insurance Expense 1500.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 24014.0
Subdivision Name MARSTON HEIGHTS
Garage Y/N N
Status Active
Directions Take AZ-101 Loop N and AZ-202/AZ-202 Loop W to N 32nd St in Phoenix. Take exit 1C from AZ-202/AZ-202 Loop W. Take E Van Buren St. Turn right onto E Van Buren St. Turn right onto N 11th Pl.
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 4.0
Number Of Units Total 4
Carport Y/N N
Elementary School Garfield School
Tax Annual Amount 2236.0
Electric Expense 2829.0
Fuel Expense 593.0
Middle/Junior High School Garfield School
Trash Expense 609.0
Water Sewer Expense 1000.0
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 Phoenix Elementary District
Tax Lot 9
Cap Rate 10.63
New Financing: Conventional True
Senior Community N
New Financing: FHA True
New Financing: Cash True
New Financing: VA True
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Interior
Flooring Ceramic Tile
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features On Street
Water Source See Remarks
Total Parking 4.0
Number of Buildings 2
Spa N
Lot Dimensions 7500
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 322
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* Excluded Features
List By
Exp Realty

Broker

Natalia.yalin@exprealty.com

Email

Affordability Calculator

$5,081
Per Month
96%
4%
0%
Monthly Principal & Interest
$4,895
Monthly Property Taxes
$186
Monthly 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
4327267 Elementary School
4327047 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/16/2026$795,000 Listed Price

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322 N 11TH Place, Phoenix, AZ, 85006 is a Multi-Family Home for sale at $795,000. 322 N 11TH Place is a studio with 0.0 baths and was built in 1928. The property's zip code is 85006 which is in Phoenix, AZ