2828 E TIERRA BUENA Lane Phoenix, AZ ^$ 600,000

2828 E TIERRA BUENA Lane

^$ 600,000

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2828 E TIERRA BUENA Lane

Phoenix, AZ, 85032

^$ 600,000

Studio Baths0.0

Monthly Estimate*

^$ 3,694

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $600,000. This home was built in 1982.

4-unit multifamily property located within the Palomino Pointe HOA in North Phoenix. Built in 1982. Unit mix consists of (1) 1-Bed / 1-Bath, (2) 2-Bed / 2-Bath, and (1) 3-Bed / 3-Bath units. Two units are currently vacant and listed for rent, providing lease-up potential. Interior and exterior improvements include new HVAC systems (2025), updated cabinets in select units, updated flooring in select units, and updated interior paint. Each unit includes one covered parking space with additional guest parking available. HOA amenities include pool, common areas, trash collection, landscaping, and pool maintenance. Convenient access to SR-51, Loop 101, and nearby retail.

Multi-Family Active

Price

^$ 600,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,400

Style

Multiple Dwellings

Year Built

1982

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6992217

Features

General

Sewer Public Sewer

Heating Electric

Cooling Electric

Roof Built-Up

Zoning PAD-13

Construction Materials Wood Frame Stucco

Year Built 1982

Electric APS

Township 3N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 28948.0

Community Features Play Area Heated Pool(s)

County Maricopa

Net Operating Income 34831.0

Operating Expense 9740.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name GREENWAY MANOR

Garage Y/N N

Status Active

City Phoenix

Disclosures None

High School District Paradise Valley Unified District

Open Parking Spaces 6.0

Number Of Units Total 4

Carport Y/N N

Tax Annual Amount 1400.0

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 Paradise Valley Unified District

Tax Lot 57

Cap Rate 5.81

New Financing: Conventional True

Senior Community N

New Financing: FHA True

New Financing: Cash True

New Financing: VA True

Interior

Flooring Tile Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Add'l Parking Avail 1 Space/Unit Carport

Water Source City Franchise

Total Parking 10.0

Number of Buildings 1

Spa N

Lot Dimensions 5 557

Road Surface Type Asphalt

Covered Spaces 4.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 2828

* Excluded Features

List By

Abi Multifamily

Broker

tom.palestina@abimultifamily.com

Affordability Calculator

$3,811

Per Month

Monthly Principal & Interest: $3,694
Monthly Property Taxes: $117
Monthly Home Insurance: --

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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 ^$1,255,407

Percent of Sale Price 109%

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.

4327901 Elementary School

4328081 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/3/2026	$600,000		Listed Price

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2828 E TIERRA BUENA Lane, Phoenix, AZ, 85032 is a Multi-Family Home for sale at $600,000. 2828 E TIERRA BUENA Lane is a studio with 0.0 baths and was built in 1982. The property's zip code is 85032 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 3/3/2026.

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2828 E TIERRA BUENA Lane

Multi-Family Home for sale in Phoenix, AZ

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