3016 N 37 Street Phoenix, AZ ^$ 1,995,624

3016 N 37 Street

^$ 1,995,624

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Recently Listed

3016 N 37 Street

Phoenix, AZ, 85018

^$ 1,995,624

Studio Baths0.0

Monthly Estimate*

^$ 12,287

3016 N 37 Street, Phoenix, AZ 85018 - Image 1

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3016 N 37 Street, Phoenix, AZ 85018 - Image 3

3016 N 37 Street, Phoenix, AZ 85018 - Image 4

3016 N 37 Street, Phoenix, AZ 85018 - Image 5

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3016 N 37 Street, Phoenix, AZ 85018 - Image 10

3016 N 37 Street, Phoenix, AZ 85018 - Image 11

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $1,995,624. This home was built in 1945.

Rare 7-Unit Investment Opportunity in Prime East Phoenix. Fully occupied and located near 40th St & Thomas Rd in the desirable Citrus Acres / Arcadia-adjacent area. This up-and-coming corridor is surrounded by new construction, redevelopment, popular restaurants, shopping, and easy access to Arcadia, Biltmore, and major freeways. The property features clean, well-maintained, low-maintenance units with strong in-place income and future upside. Excellent long-term hold with value-add potential, including possible expansion or redevelopment of the lot (buyer to verify zoning). A solid, income-producing asset in one of Phoenix's most dynamic growth areas. This listing is part of a 21-unit package.

Multi-Family Active

Price

^$ 1,995,624

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,210

Style

Multiple Dwellings

Year Built

1945

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6974495

Features

General

Sewer Public Sewer

Cooling Ceiling Fan(s) Electric

Roof Composition

Zoning R-3

Construction Materials Painted Block

Year Built 1945

Electric APS

Tax Year 2024

Ownership Fee Simple Fee Simple

Gross Income 88042.5

Community Features See Remarks

County Maricopa

Net Operating Income 90300.0

Operating Expense 2210.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

Garage Y/N N

Status Active

Directions North from Thomas on 37th street to property

City Phoenix

Disclosures Seller Prop Disc Stm

Open Parking Spaces 7.0

Number Of Units Total 7

Carport Y/N N

Tax Annual Amount 2210.0

Lease Renewal Y/N N

Additional Parcels Y/N Y

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://tour.giraffe360.com/79c1cca8715a483b93a729a36a7f25aa

Standard Status Active

Occupancy Type Tenant

Tax Lot 14

Cap Rate 4.52

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Exterior

Parking Features Paved >1 Space Per Unit

Water Source City Franchise

Total Parking 14.0

Number of Buildings 1

Spa N

Lot Dimensions 195' x 67'

Covered Spaces 7.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Interior

Air Conditioning Y/N Y

Heating Y/N N

Total Baths 0

Internal Only

Street Number 1 3016

* Excluded Features

List By

Platinum Realty Group

Broker

greg@platinumaz.com

Affordability Calculator

$12,472

Per Month

Monthly Principal & Interest: $12,287
Monthly Property Taxes: $184
Monthly Home Insurance: --

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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 ^$1,330,271

Percent of Sale Price 33%

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
1/26/2026	$1,995,624		Listed Price

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3016 N 37 Street, Phoenix, AZ, 85018 is a Multi-Family Home for sale at $1,995,624. 3016 N 37 Street is a studio with 0.0 baths and was built in 1945. The property's zip code is 85018 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 1/27/2026.

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3016 N 37 Street

Multi-Family Home for sale in Phoenix, AZ

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