1702 W SHANGRI LA Road Phoenix, AZ ^$ 480,000

1702 W SHANGRI LA Road

^$ 480,000

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1702 W SHANGRI LA Road

Phoenix, AZ, 85029

^$ 480,000

Studio Baths0.0

Monthly Estimate*

^$ 2,955

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $480,000. This home was built in 2002.

Great triplex investment with mountain views! This value offers three separate units, each approximately 700 sq ft. Unit #1 is tenant-occupied, generating $1,110 in monthly rent, while Units #2 and #3 are vacant and ready for immediate occupancy. Each unit features an eat-in kitchen, a living room, tile flooring throughout high-traffic areas, two bedrooms with walk-in closets, and a full bathroom. Residents enjoy access to the large backyard, plus two assigned parking spaces per unit. The location has a bus stop right on the corner, nearby restaurants, shops, North Mountain & Shaw Butte Preserves, Peoria Ave, Winifred Green Park, and easy access to the I-17 fwy. Great multi-family investment, or multi-generational living, or house hacking!

Multi-Family Active

Price

^$ 480,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,223

Style

Multiple Dwellings

Year Built

2002

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6987996

Features

General

Sewer Public Sewer

Heating Electric

Cooling Central Air

Roof Composition

Zoning RESIDENTIAL

Construction Materials Wood Frame Painted Stucco

Year Built 2002

Electric APS

Township 3N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 35340.0

Community Features No Pool

County Maricopa

Net Operating Income 26000.0

Operating Expense 1223.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

Garage Y/N N

Status Active

Directions From I-17 N take exit 208 toward Peoria Ave Merge onto N Black Cyn Hwy Head East onto W Peoria Ave Turn left onto N 19th Ave Turn right onto W Shangri La Rd. Property will be on the left.

High School Sunnyslope High School

City Phoenix

Disclosures Seller Prop Disc Stm

High School District Glendale Union High School District

Open Parking Spaces 6.0

Number Of Units Total 3

Carport Y/N N

Elementary School Sunnyslope Elementary School

Tax Annual Amount 1223.0

Middle/Junior High School Sunnyslope Elementary 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 159-12-046-Q

Cap Rate 5.42

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Interior

Flooring Tile Laminate Carpet

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Paved Assigned >1 Space Per Unit

Water Source City Franchise

Total Parking 6.0

Number of Buildings 1

Spa N

Lot Dimensions 96x68x24x76x81

Road Surface Type Asphalt

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1702

* Excluded Features

List By

Rosenbaum Realty Group

Broker

daniel@rosenbaumrealtygroup.com

Affordability Calculator

$3,057

Per Month

Monthly Principal & Interest: $2,955
Monthly Property Taxes: $102
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 ^$1,262,107

Percent of Sale Price 163%

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
2/21/2026	$480,000		Listed Price

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1702 W SHANGRI LA Road, Phoenix, AZ, 85029 is a Multi-Family Home for sale at $480,000. 1702 W SHANGRI LA Road is a studio with 0.0 baths and was built in 2002. The property's zip code is 85029 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 2/22/2026.

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1702 W SHANGRI LA Road

Multi-Family Home for sale in Phoenix, AZ

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