4037 S 12th Street Phoenix, AZ ^$ 8,000,000

4037 S 12th Street

^$ 8,000,000

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4037 S 12th Street

Phoenix, AZ, 85040

^$ 8,000,000

Studio Baths0.0

Monthly Estimate*

^$ 49,257

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $8,000,000. This home was built in 2025.

Rare opportunity to own a brand new property! The finishes are higher quality and made to last as a rental property. Kitchens feature stainless steel appliances and quartz counter tops. Units can be 3 bedroom & 2 baths, and some are 4 bedroom & 2 baths and occupied as CoLiving units with Padsplit. This property has multiple uses as long-term rentals, Coliving, or even condominiums. Each unit is individual parceled to allow for the possibility of multiple owners.

Multi-Family Active

Price

^$ 8,000,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 178

Style

Multiple Dwellings

Year Built

2025

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7001746

Features

General

Sewer Public Sewer

Heating Heat Pump

Cooling Heat Pump

Roof Foam

Zoning R3

Construction Materials Wood Frame Stucco

Year Built 2025

Electric APS

Township 1N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 3337008.0

Community Features Other Barbecue

County Maricopa

Net Operating Income 776892.0

Operating Expense 178.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name VILLAS AT 12TH STREET CONDOMINIUMS

Garage Y/N N

Status Active

Directions Head East on Broadway from 7th Street Go North on 12th Street to property.

City Phoenix

Disclosures None

Open Parking Spaces 5.0

Number Of Units Total 24

Carport Y/N N

Tax Annual Amount 178.0

Lease Renewal Y/N N

Additional Parcels Y/N Y

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Tax Lot 101

Cap Rate 9.71

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Interior

Flooring Laminate

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features >1 Space Per Unit Carport

Water Source Master Meter

Total Parking 29.0

Number of Buildings 12

Spa N

Lot Dimensions 337X164

Road Surface Type Asphalt

Covered Spaces 24.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 4037

* Excluded Features

List By

Fsr Realty

Broker

rick@delucagroupaz.com

Affordability Calculator

$49,272

Per Month

Monthly Principal & Interest: $49,257
Monthly Property Taxes: $15
Monthly Home Insurance: --

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Down Payment

Loan Term

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 ^$1,257,167

Percent of Sale Price 84%

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.

260072 Elementary School

263420 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/20/2026	$8,000,000		Listed Price

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4037 S 12th Street, Phoenix, AZ, 85040 is a Multi-Family Home for sale at $8,000,000. 4037 S 12th Street is a studio with 0.0 baths and was built in 2025. The property's zip code is 85040 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 3/26/2026.

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4037 S 12th Street

Multi-Family Home for sale in Phoenix, AZ

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