1235 E WOOD Street Phoenix, AZ $ 450,000
1235 E WOOD Street
$ 450,000
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1235 E WOOD Street

Phoenix, AZ, 85040
$ 450,000
Baths0.0

Monthly Estimate*

$ 2,771

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $450,000. This home was built in 2003.

Fantastic masonry (block) duplex built in 2003 offering strong income potential & flexible living options. Each spacious unit features approximately 1,120 sq ft w/ 3 beds & 2 full baths. Both units showcase durable tile flooring throughout, ceiling fans in every room, and bright, open great rooms designed for comfortable living. Functional ''L''-shaped kitchens include refrigerator, stove/oven, and garbage disposal, while all-electric systems help simplify maintenance. Major updates include brand new 2025 electric A/C and heating systems for both units, plus one new water heater. Large front patio along with private side and backyard spaces. Conveniently located near schools, shops and hiking trails. Currently tenant occupied, units leased at $1187 and $1090. Please do not disturb tenants. Access will be arranged upon accepted contract. Ideal for investors or owner-occupants seeking immediate rental income and long-term value!

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Multi-Family Active

Price

$ 450,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 754

Style

Multiple Dwellings

Year Built

2003

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6989977

Features
General
Sewer Public Sewer
Heating Electric
Cooling Ceiling Fan(s) Electric
Roof Composition
Zoning R-4
Construction Materials Painted Block
Year Built 2003
Electric SRP
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 27840.0
Community Features No Pool
County Maricopa
Net Operating Income 0.0
Operating Expense 754.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name CENTERGROVE TRACT 1 THROUGH 16
Garage Y/N N
Status Active
Directions From 7th St. go East on Broadway Rd. Turn L on S 12th St. R on E Wood St. The property is on the right.
High School South Mountain High School
City Phoenix
Disclosures Seller Prop Disc Stm
High School District Phoenix Union High School District
Open Parking Spaces 4.0
Number Of Units Total 2
Carport Y/N N
Elementary School Irene Lopez School
Tax Annual Amount 754.0
Middle/Junior High School Irene Lopez 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 Roosevelt Elementary District
Tax Lot 10
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 Paved
Water Source City Franchise
Total Parking 4.0
Number of Buildings 1
Spa N
Lot Dimensions irregular
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1235
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* Excluded Features
List By
Redfin Corporation

Broker

hai.bigelow@redfin.com

Email

Affordability Calculator

$2,834
Per Month
98%
2%
0%
Monthly Principal & Interest
$2,771
Monthly Property Taxes
$63
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
4918069 Elementary School
4918070 Middle School
South Mountain High School High School
Pricing History
DatePricePrice ChangeDescription
2/26/2026$450,000 Listed Price

Map


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1235 E WOOD Street, Phoenix, AZ, 85040 is a Multi-Family Home for sale at $450,000. 1235 E WOOD Street is a studio with 0.0 baths and was built in 2003. The property's zip code is 85040 which is in Phoenix, AZ