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740 W CINNABAR Avenue Phoenix, AZ ^$ 335,000

740 W CINNABAR Avenue

^$ 335,000

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740 W CINNABAR Avenue

Phoenix, AZ, 85021

^$ 335,000

Studio Baths0.0

Monthly Estimate*

^$ 2,063

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $335,000. This home was built in 1954.

Unlock the potential of this versatile duplex, perfectly suited for investors, house hackers, or multi-generational living! Nestled on a generous 10,000+ sqft lot with mountain views & next to Mountain View Park, this property offers opportunity & convenience. Both units are currently occupied, generating a rent roll of $800 per unit. While the dwelling needs some TLC, it boasts spacious front and private backyards, ideal for outdoor fun or future upgrades. Each unit features a porch, a living/dining room, tile flooring, a kitchen with breakfast nook, two bedrooms, and a full bath. Close to schools, restaurants, shops, and the I-17, this location makes daily life a breeze. This is your chance to build equity, customize to your vision, and maximize value in a well-established area!

Multi-Family Active

Price

^$ 335,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 872

Style

Multiple Dwellings

Year Built

1954

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6987999

Features

General

Sewer Public Sewer

Heating Electric

Cooling Central Air

Roof Composition

Zoning R-3

Construction Materials Wood Frame Painted Stucco

Year Built 1954

Electric SRP

Township 3N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 18624.0

Community Features No Pool

County Maricopa

Net Operating Income 13440.0

Operating Expense 872.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name IRONWOOD PLACE

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 right onto N 9th Ave Turn left onto W Cinnabar Ave. Property will be on the left.

High School Sunnyslope High School

City Phoenix

Disclosures None

High School District Glendale Union High School District

Open Parking Spaces 0.0

Number Of Units Total 2

Carport Y/N N

Elementary School Mountain View Elementary School

Tax Annual Amount 872.0

Middle/Junior High School Royal Palm 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

Occupancy Type Tenant

Elementary School District Washington Elementary School District

Tax Lot 13

Cap Rate 3.9

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Interior

Flooring Carpet Ceramic Tile

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Free <1 Space Per Unit

Water Source Master Meter City Franchise

Total Parking 0.0

Number of Buildings 1

Spa N

Lot Dimensions 74x143

Road Surface Type Asphalt

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 740

* Excluded Features

List By

Rosenbaum Realty Group

Broker

daniel@rosenbaumrealtygroup.com

Affordability Calculator

$2,135

Per Month

Monthly Principal & Interest: $2,063
Monthly Property Taxes: $73
Monthly Home Insurance: --

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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 ^$1,187,637

Percent of Sale Price 255%

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.

4328166 Elementary School

4327519 Middle School

Sunnyslope High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/24/2026	$335,000	-2.90%	Price Down
2/21/2026	$345,000		Listed Price

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740 W CINNABAR Avenue, Phoenix, AZ, 85021 is a Multi-Family Home for sale at $335,000. 740 W CINNABAR Avenue is a studio with 0.0 baths and was built in 1954. The property's zip code is 85021 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 4/26/2026.

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740 W CINNABAR Avenue

Multi-Family Home for sale in Phoenix, AZ

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