2324 E OAK Street Phoenix, AZ $ 980,000
2324 E OAK Street
$ 980,000
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2324 E OAK Street

Phoenix, AZ, 85006
$ 980,000
Baths0.0

Monthly Estimate*

$ 6,034

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $980,000. This home was built in 2018.

Income-producing multifamily investment. 2 detached single-family homes, leased at $2,800/month each. Tenants responsible for all utilities; water, sewer, electric, creating an efficient, low-maintenance ownership structure. Built with modern finishes and strong tenant appeal, each residence offers 3 beds, 2.5 baths, attached 2-car garage, open living spaces, quartz countertops, stainless appliances, and contemporary design. Additional upside potential with the opportunity to add an ADU to each home (buyer to verify), increasing future cash flow and overall asset value. Conveniently located near major employment centers, the Biltmore corridor, dining, shopping, and 51 access. A rare combination of stable income, low expenses, and future value-add potential. Drive by only.

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Multi-Family Active

Price

$ 980,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,843

Style

Multiple Dwellings

Year Built

2018

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7039794

Features
General
Sewer Public Sewer
Heating Electric
Cooling Ceiling Fan(s) Electric
Roof Composition
Zoning R-3
Construction Materials Wood Frame Painted Stucco
Year Built 2018
Electric APS
Township 2N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 63840.0
Community Features No Pool
County Maricopa
Net Operating Income 67200.0
Operating Expense 4843.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name AVALON BLKS 1-4
Garage Y/N Y
Status Active
Directions From Thomas Road head South on 24th Street Right on Oak Street to property on Right side of Street.
High School Camelback High School
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 4.0
Number Of Units Total 2
Carport Y/N N
Elementary School William T Machan Elementary School
Tax Annual Amount 4843.0
Middle/Junior High School Biltmore Preparatory Academy
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 Creighton Elementary District
Tax Lot 20
Cap Rate 6.86
New Financing: Conventional True
Senior Community N
New Financing: Cash 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 Attached Garage Paved Add'l Parking Avail On Street
Water Source City Franchise
Total Parking 8.0
Number of Buildings 2
Spa N
Lot Dimensions 9644
Road Surface Type Concrete
Covered Spaces 4.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2324
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* Excluded Features
List By
Compass

Broker

josh@joshgonzalez.com

Email

Affordability Calculator

$6,438
Per Month
94%
6%
0%
Monthly Principal & Interest
$6,034
Monthly Property Taxes
$404
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
4327751 Elementary School
4327484 Middle School
Camelback High School High School
Pricing History
DatePricePrice ChangeDescription
6/10/2026$980,000 Listed Price

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2324 E OAK Street, Phoenix, AZ, 85006 is a Multi-Family Home for sale at $980,000. 2324 E OAK Street is a studio with 0.0 baths and was built in 2018. The property's zip code is 85006 which is in Phoenix, AZ