1611 E LAMAR Road Phoenix, AZ ^$ 2,450,000

1611 E LAMAR Road

^$ 2,450,000

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Recently Listed

1611 E LAMAR Road

Phoenix, AZ, 85016

^$ 2,450,000

Studio Baths0.0

Monthly Estimate*

^$ 15,085

1611 E LAMAR Road, Phoenix, AZ 85016 - Image 1

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1611 E LAMAR Road, Phoenix, AZ 85016 - Image 3

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $2,450,000. This home was built in 2023.

Fabulous centrally located investment opportunity. These new & modern four units with custom finishes affords a perfect owner-occupied luxurious lifestyle. The property was designed with a 2,000 ft.² owners three bedroom 3 1/2 bath home. The property consists of two, three bedrooms three bath homes and two one bedroom one bath apartments. The three bedroom units include gas fireplace. Superb location right off the 51 freeway with easy access to Sky Harbor Airport and Downtown Phoenix. Situated next to the Sprouts shopping center at 16th St. & Glendale. Adjacent to the canal with an easy walk to the Biltmore Hotel. Must see to appreciate!

Multi-Family Active

Price

^$ 2,450,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 11,957

Style

Multiple Dwellings

Year Built

2023

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6974079

Features

General

Sewer Public Sewer

Heating Ceiling

Cooling Ceiling Fan(s) Electric

Roof Rolled/Hot Mop

Zoning R3

Construction Materials Wood Frame Painted Stucco

Year Built 2023

Electric APS

Township 2N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 136972.8

Community Features No Pool

County Maricopa

Net Operating Income 120600.0

Operating Expense 11957.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name TOWN HEIGHTS

Garage Y/N Y

Status Active

Directions Head South On 16th Make First Left Shopping Center Onto Lamar Rd. Property is the second building on the right.

City Phoenix

Disclosures None

High School District Phoenix Union High School District

Open Parking Spaces 2.0

Number Of Units Total 4

Carport Y/N N

Tax Annual Amount 11957.0

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 Madison Elementary District

Tax Lot 3

Cap Rate 4.92

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Interior

Flooring Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Garage Door Opener >1 Space Per Unit On Street Carport

Water Source Individual Meter

Total Parking 8.0

Number of Buildings 2

Spa N

Lot Dimensions 80' x 144'

Covered Spaces 6.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1611

* Excluded Features

List By

Rmb Realty Llc

Broker

mbanovac@hotmail.com

Affordability Calculator

$16,081

Per Month

Monthly Principal & Interest: $15,085
Monthly Property Taxes: $996
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

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 ^$1,332,248

Percent of Sale Price 46%

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
1/24/2026	$2,450,000		Listed Price

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1611 E LAMAR Road, Phoenix, AZ, 85016 is a Multi-Family Home for sale at $2,450,000. 1611 E LAMAR Road is a studio with 0.0 baths and was built in 2023. The property's zip code is 85016 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 1/25/2026.

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1611 E LAMAR Road

Multi-Family Home for sale in Phoenix, AZ

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