347 N 16TH Avenue Phoenix, AZ ^$ 375,000

347 N 16TH Avenue

^$ 375,000

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347 N 16TH Avenue

Phoenix, AZ, 85007

^$ 375,000

Studio Baths0.0

Monthly Estimate*

^$ 2,309

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $375,000. This home was built in 1951.

Excellent opportunity to own a cash flowing, low maintenance triplex near downtown Phoenix. Two 2-bedroom, 1 bath units and one renovated 1-bedroom, 1 bath unit. On-site laundry. Corner lot with 2 buildings. Strong rents with consistent, stable tenants. Opportunity for value-add and rent increases.

Multi-Family Active

Price

^$ 375,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,329

Style

Multiple Dwellings

Year Built

1951

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6992517

Features

General

Sewer Public Sewer

Heating Individual Central Heat Pump Electric

Cooling Central Air Electric Heat Pump Individual

Roof Composition

Zoning R-5

Construction Materials Wood Frame Painted Stucco

Year Built 1951

Electric APS

Township 1N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 33000.0

Community Features Other

County Maricopa

Net Operating Income 26011.0

Operating Expense 6989.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name CAPITOLA PLACE

Garage Y/N N

Status Active

Directions East on Van Buren from 19th Ave. North on 16th Ave.

High School Metro Tech 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 3

Carport Y/N N

Elementary School Capitol Elementary School

Tax Annual Amount 1329.0

Middle/Junior High School Capitol Elementary School

Water Sewer Expense 5660.0

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 Phoenix Elementary District

Tax Lot 30

Cap Rate 0.01

New Financing: Conventional True

Senior Community N

New Financing: FHA True

New Financing: Cash True

New Financing: VA True

Interior

Flooring Tile Laminate

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features >1 Space Per Unit

Water Source City Franchise

Total Parking 5.0

Number of Buildings 2

Spa N

Lot Dimensions 6754 total sq ft

Road Surface Type Asphalt

Covered Spaces 1.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 347

* Excluded Features

List By

Mcmath Realty Llc

Broker

tyler@mcmathrealty.com

Affordability Calculator

$2,420

Per Month

Monthly Principal & Interest: $2,309
Monthly Property Taxes: $111
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 ^$1,221,800

Percent of Sale Price 226%

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.

4327863 Elementary School

4327863 Middle School

Metro Tech High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/3/2026	$375,000		Listed Price

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347 N 16TH Avenue, Phoenix, AZ, 85007 is a Multi-Family Home for sale at $375,000. 347 N 16TH Avenue is a studio with 0.0 baths and was built in 1951. The property's zip code is 85007 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 4/20/2026.

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347 N 16TH Avenue

Multi-Family Home for sale in Phoenix, AZ

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