721 E CAROL Avenue Phoenix, AZ $ 899,990
721 E CAROL Avenue
$ 899,990
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721 E CAROL Avenue

Phoenix, AZ, 85020
$ 899,990
Baths0.0

Monthly Estimate*

$ 5,541

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $899,990. This home was built in 2022.

Turnkey, fully upgraded duplex in a highly desirable Central Phoenix location. This well-maintained property features two spacious 3-bedroom, 2-bath units with functional layouts, private outdoor spaces, and in-unit laundry hookups. Each unit includes an upgraded kitchen with stove, refrigerator, microwave, and dishwasher, as well as a private fenced backyard and spacious balcony, perfect for enjoying Arizona living. Unit A is available so buyers can experience the quality and functionality of the upgrades firsthand. Unit B is professionally managed with a month-month lease in place, with security deposits on file, offering immediate rental income and peace of mind for investors. Located just minutes from North Mountain Park, Biltmore Fashion Park, hiking trails, shopping, dining, and major freeways, this property delivers both strong rental appeal and long-term value. Do not miss this rare, upgraded duplex opportunity in Central Phoenix.

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Multi-Family Active

Price

$ 899,990

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,288

Style

Multiple Dwellings

Year Built

2022

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6969696

Features
General
Sewer Public Sewer
Heating Electric
Cooling Central Air Ceiling Fan(s)
Roof Concrete
Zoning [R-4] Multiple
Construction Materials Painted Stucco Block
Year Built 2022
Electric APS
Township 3N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 44460.0
Community Features No Pool
County Maricopa
Net Operating Income 37578.0
Operating Expense 6288.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name HAMILTON PLACE LOTS 1-15
Garage Y/N Y
Status Active
Directions Northern Ave Turn Right unto N. 7th Street Turn Right unto Carol Ave
High School Glendale High School
City Phoenix
Disclosures None
High School District Glendale Union High School District
Open Parking Spaces 4.0
Number Of Units Total 2
Carport Y/N N
Elementary School Washington Elementary School
Tax Annual Amount 6288.0
Middle/Junior High School Desert Foothills Middle School
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Elementary School District Washington Elementary School District
Tax Lot 4
Cap Rate 4.18
New Financing: Conventional True
Senior Community N
New Financing: FHA True
New Financing: Cash True
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Exterior
Parking Features Paved Garage Door Opener >1 Space Per Unit
Water Source City Franchise
Total Parking 8.0
Number of Buildings 1
Spa N
Lot Dimensions 0.260 acres / 11 313 sqft
Covered Spaces 4.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Internal Only
Street Number 1 721
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* Excluded Features
List By
Homesmart

Broker

taylorwrightre@gmail.com

Email

Affordability Calculator

$6,065
Per Month
91%
9%
0%
Monthly Principal & Interest
$5,541
Monthly Property Taxes
$524
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
4897062 Elementary School
4328053 Middle School
Glendale High School High School
Pricing History
DatePricePrice ChangeDescription
1/16/2026$899,990 Listed Price

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721 E CAROL Avenue, Phoenix, AZ, 85020 is a Multi-Family Home for sale at $899,990. 721 E CAROL Avenue is a studio with 0.0 baths and was built in 2022. The property's zip code is 85020 which is in Phoenix, AZ