9648 N 12TH Avenue Phoenix, AZ ^$ 999,000

9648 N 12TH Avenue

^$ 999,000

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Recently Listed

9648 N 12TH Avenue

Phoenix, AZ, 85021

^$ 999,000

Studio Baths0.0

Monthly Estimate*

^$ 6,308

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $999,000. This home was built in 1987.

Mountain View 8 Units consists of six one-bedroom/one-bathroom units and two studio units, offering investors a strong cash-flowing multifamily opportunity in North Central Phoenix. Built in 1987, the property features two-story wood-frame construction with a flat roof. Recent capital improvements include new mini-split HVAC systems in all units and various interior upgrades. The property is 100% occupied and generates $8,325 per month ($99,900 annually) in gross rental income. Investors can benefit from immediate cash flow with additional upside through light cosmetic improvements and rental growth. The parcel located directly in front of the property is also included in the sale, providing added value and future potential.

Multi-Family Active

Price

^$ 999,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 11,361

Style

Multiple Dwellings

Year Built

1987

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7045461

Features

General

Sewer Public Sewer

Heating Electric

Cooling Electric

Roof Foam Rolled/Hot Mop

Zoning R-4

Construction Materials Wood Frame Painted Stucco Block Slump Block

Year Built 1987

Electric APS

Township 3N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 96903.0

Community Features No Pool

County Maricopa

Net Operating Income 80382.0

Operating Expense 16521.0

Insurance Expense 1440.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name FOOTHILL LOTS

Garage Y/N N

Status Active

High School Sunnyslope High School

City Phoenix

Disclosures None

High School District Glendale Union High School District

Open Parking Spaces 10.0

Number Of Units Total 8

Carport Y/N N

Tax Annual Amount 11361.0

Trash Expense 1920.0

Water Sewer Expense 1800.0

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 13

Cap Rate 8.05

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Interior

Flooring Tile Laminate Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Paved Free >1 Space Per Unit

Water Source City Franchise

Total Parking 10.0

Number of Buildings 1

Spa N

Lot Dimensions 10 483

Road Surface Type Asphalt

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 9648

* Excluded Features

List By

Compass

Broker

zcoty@thecotygroup.com

Affordability Calculator

$7,255

Per Month

Monthly Principal & Interest: $6,308
Monthly Property Taxes: $947
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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 ^$1,100,399

Percent of Sale Price 10%

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.

4327134 Elementary School

4327258 Middle School

Sunnyslope High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/23/2026	$999,000		Listed Price

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9648 N 12TH Avenue, Phoenix, AZ, 85021 is a Multi-Family Home for sale at $999,000. 9648 N 12TH Avenue is a studio with 0.0 baths and was built in 1987. The property's zip code is 85021 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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 6/24/2026.

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9648 N 12TH Avenue

Multi-Family Home for sale in Phoenix, AZ

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