37 W PASADENA Avenue Phoenix, AZ $ 2,100,000
37 W PASADENA Avenue
$ 2,100,000
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37 W PASADENA Avenue

Phoenix, AZ, 85013
$ 2,100,000
Baths0.0

Monthly Estimate*

$ 13,101

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $2,100,000. This home was built in 1958.

Historic Medlock Place - R-3 Zoned Half Acre Oasis Rare offering in the Medlock Historic District! This 1958 mid-century ranch sits on a flood-irrigated ½ acre with a lush food forest of citrus, pomegranate, fig, mango, jackfruit & more. Zoned R-3, the property is perfect for short-term rentals, bed & breakfast, assisted living, multi-rental income, or as a private retreat. The main home features updated baths (2023), original stained concrete floors, split-zone AC, kitchenette in primary, and gas fireplace. Enjoy a resurfaced pool, outdoor shower, covered patio, and full perimeter security. Additional improvements include a 1,752 sq ft apartment building (duplex-ready), a 952 sq ft guest house, 350 sq ft laundry facility, and a 3-car garage with ample parking. Truly one-of-a-kind! Historic Medlock Place - Mid-Century Modern Oasis on Half Acre with Guest Units, Pool, Multi-Rental Income & R-3 Zoning Welcome to a rare opportunity in the heart of the Medlock Historic District. This 1948 mid-century ranch on a flood-irrigated half-acre blends vintage character, thoughtful updates, and extraordinary versatility. Zoned R-3, the property is ideal for multi-rental income, short-term rentals, a bed & breakfast, assisted living, multi-generational livingor simply enjoyed as your own private retreat in one of Phoenix's most beloved historic neighborhoods. Food Forest & Lush Grounds The property is a true urban oasis, lined with mature flowering oleander, bougainvillea, prickly pear, ocotillo, hibiscus, roses, plumeria, and more. A thriving food forest offers Mexican lime, fig, pear, blood orange, orange, ruby red grapefruit, multiple mulberries, moringa, atemoya, mango, sapodilla, pomegranate, pink lemon, jackfruit, kumquat, and lemon trees. The grounds feature RainBird drip irrigation in the backyard, pop-up sprinklers in the front, and flood irrigation throughout. Main Ranch Home (1948) The main residence offers three AC split systems for zoned climate control, updated bathrooms (2023), a primary suite with kitchenette and 220v power, and original stained concrete flooring. Other highlights include re-insulation (2024), copper electrical conduit, a fire sprinkler system (2018), wood and cellular blinds, stackable washer/dryer, and a cozy gas fireplace. Outdoors, enjoy a resurfaced pool (2018) with newer pump (2024), outdoor shower, and gas line hookups for heating or firepit. Patio and underground wiring with lighting were added in 2019. The home is fully gated with coded Schlage locks and modern security including Google lighting controls and cameras. Apartment Building (1978) The 1,900 sq ft apartment building offers double-paned windows, granite counters, stained concrete flooring, and two AC units (4-ton and 3-ton). Originally designed as a duplex, it can be easily re-configured, with quotes on file. This structure provides excellent rental income potential, staff housing, or guest accommodations. Guest House & Additional Facilities A 900 sq ft guest house with four-ton AC (2020) includes stained concrete floors, ceiling fans, a full kitchen, walk-in closet, stackable washer/dryer, and gutters with shade sails. A separate 350 sq ft laundry facility includes two washers, two dryers, AC, and fridge. The property also includes a three-car garage with wall-to-ceiling shelving and updated garage door mechanism (2020). Infrastructure & Updates Upgrades include: new roof (2018), fresh exterior paint, raised foundation throughout, four functional elevated water heaters, multiple electrical panels (three main, seven sub-panels), copper plumbing/electrical, ABS sewer lines, and gutters on both main and guest structures. Parking includes a concrete pad for five vehicles plus alley parking with gated access for four more. Rare Offering With its historic setting, extensive fruit trees, pool, multiple residences, and flexible R-3 zoning, this property offers endless opportunitieswhether as a multi-rental income investment, boutique hospitality property, assisted living facility, or a one-of-a-kind private retreat hidden within Phoenix's vibrant core.

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Multi-Family Active

Price

$ 2,100,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,662

Style

Multiple Dwellings

Year Built

1958

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6928051

Features
General
Sewer Public Sewer
Heating Central 2 or More Units Natural Gas
Cooling Central Air Ceiling Fan(s) 2 or More Units
Roof Shake
Zoning r3
Construction Materials Wood Frame Stucco
Year Built 1958
Electric APS Submetered System Individual Meter
Tax Year 2024
Ownership Fee Simple Fee Simple
Gross Income 102000.0
Community Features Other See Remarks
County Maricopa
Net Operating Income 90000.0
Operating Expense 2662.0
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name SOUTH MEDLOCK PLACE
Garage Y/N Y
Status Active
Directions W Camelback rt on N 3rd ave first right on to Pasadena ave
City Phoenix
Disclosures Seller Prop Disc Stm
High School District Phoenix Union High School District
Open Parking Spaces 11.0
Number Of Units Total 3
Lot Size Square Feet 0.0
Carport Y/N N
Tax Annual Amount 2662.0
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 Madison Elementary District
Tax Lot 69
Cap Rate 4.29
New Financing: Conventional True
Senior Community N
New Financing: Cash True
New Financing: VA True
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Interior
Flooring Carpet Concrete
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features RV Access/Parking Garage Door Opener <1 Space Per Unit
Water Source Master Meter
Total Parking 14.0
Lot Size Area 0.0
Number of Buildings 3
Spa N
Lot Dimensions 185x119
Lot Size Acres 0.0
Covered Spaces 3.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 37
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* Excluded Features
List By
Realtyonegroup Mountain Desert

Broker

tim@411homefinders.com

Email

Affordability Calculator

$13,323
Per Month
98%
2%
0%
Monthly Principal & Interest
$13,101
Monthly Property Taxes
$222
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
Date Price Price Change Description
10/15/2025 $2,100,000 Listed Price

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37 W PASADENA Avenue, Phoenix, AZ, 85013 is a Multi-Family Home for sale at $2,100,000. 37 W PASADENA Avenue is a studio with 0.0 baths and was built in 1958. The property's zip code is 85013 which is in Phoenix, AZ