2947 N 39TH Street Phoenix, AZ $ 1,998,000
2947 N 39TH Street
$ 1,998,000
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2947 N 39TH Street

Phoenix, AZ, 85018
$ 1,998,000
Baths0.0

Monthly Estimate*

$ 12,616

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $1,998,000. This home was built in 1960.

Desert Jewel is an 11-unit, garden-style apartment community built in 1960 and renovated in 2017, located in the highly desirable Arcadia-Lite submarket of Phoenix. The property is individually metered for electricity and offers ample resident parking, including a covered carport. The unit mix consists of (2) 1-bed/1-bath, (2) 2-bed/1-bath, and (7) 2-bed/2-bath units averaging 823 SF. Current interior renovations feature stainless steel appliances, kitchen islands, updated light fixtures, and in-suite washer & dryer. A light value-add opportunity remains through exterior renovations. Ideally positioned just minutes from Biltmore Fashion Park, Camelback Mountain hiking trails, Biltmore Golf Club, and Downtown Phoenix. Seller recently replaced underground sewer line.

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Multi-Family Active

Price

$ 1,998,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,363

Style

Multiple Dwellings

Year Built

1960

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7060274

Features
General
Sewer Public Sewer
Heating Individual Central
Cooling Central Air Ceiling Fan(s) Individual
Roof Composition
Zoning R-3
Construction Materials Painted Stone Block
Year Built 1960
Electric City Electric Individual Meter
Township 2N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 187709.34
Community Features No Pool
County Maricopa
Net Operating Income 127442.0
Operating Expense 6363.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name EAST CITRUS ACRES PLAT C
Garage Y/N N
Status Active
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 4.0
Number Of Units Total 11
Carport Y/N N
Tax Annual Amount 6363.0
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 Creighton Elementary District
Tax Lot 155
Cap Rate 6.38
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features >1 Space Per Unit On Street Carport
Water Source City Franchise
Total Parking 15.0
Number of Buildings 2
Spa N
Lot Dimensions 64.24x138.96x7.62x161.35x147.22x165.14x75.23x134.8
Road Surface Type Concrete Gravel
Covered Spaces 11.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2947
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* Excluded Features
List By
Abi Multifamily

Broker

dallin.hammond@abimf.com

Email

Affordability Calculator

$13,146
Per Month
96%
4%
0%
Monthly Principal & Interest
$12,616
Monthly Property Taxes
$530
Monthly 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
4327165 Elementary School
4327058 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/30/2026$1,998,000 Listed Price

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2947 N 39TH Street, Phoenix, AZ, 85018 is a Multi-Family Home for sale at $1,998,000. 2947 N 39TH Street is a studio with 0.0 baths and was built in 1960. The property's zip code is 85018 which is in Phoenix, AZ