3817 N 9TH Place
Phoenix, AZ, 85014 $ 699,000
Baths0.0 Monthly Estimate*
$ 4,304
Studio for $699,000. This home was built in 1948.
Exceptional investment opportunity in the heart of Phoenix! This duplex offers versatility, strong rental potential, and multi-generational living options. Zoned multifamily and qualifying for both FHA and conventional financing, this property is ideal for investors seeking cash flow or owner-occupants looking to offset their mortgage by living in one unit and renting the other. Complete roof replacement in 2026. Unit 1 (Approx. 750 SF) was fully remodeled in 2019 with modern finishes to include wood-look porcelain tile flooring, contemporary concrete countertops, two-toned accented cabinetry with brushed gold hardware and faucet, white subway tile backsplash, updated fixtures, lighting and ceiling fans. Stainless steel appliances include a stove, refrigerator, and microwave. The bathroom features an upgraded vanity and hardware. A sliding Arcadia door opens to a private backyard retreat. Unit 2 (Approx. 900 SF) offers a spacious 2-bedroom, 1-bath layout with vaulted ceilings and stylish block accent walls. Interior upgrades were completed in 2015, with new tile flooring installed in 2020. The kitchen features granite countertops, distressed wood cabinetry, stainless steel appliances (stove, refrigerator, dishwasher, microwave), and modern hardware. A bonus room provides flexible space for an office, den, or additional storage. In 2023, this unit received a new A/C unit, new dryer, painted kitchen cabinets, and additional upgrades. Both units include dual-pane windows, blinds, private paver patios, private storage, and two covered carport spaces at the rear. The expansive yard features low-maintenance desert landscaping, offering privacy and additional outdoor enjoyment. Located near Downtown Phoenix and surrounded by premier amenities including Biltmore Fashion Park, Camelback Colonnade, Encanto Park, Phoenix Mountains Preserve, Heard Museum, Phoenix Art Museum, and the iconic The Clarendon Hotel. Convenient access to major medical centers including Phoenix Children's Hospital, Banner University Medical Center Phoenix, St. Joseph's Hospital and Medical Center, and the Phoenix VA Health Care System makes this an ideal rental location for medical professionals and students. Easy access to light rail, Sky Harbor Airport, and SR-51, I-10, and Loop 202 freeways enhances long-term desirability.
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FeaturesGeneralSewer Public Sewer
Heating Central Heat Pump
Cooling Central Air Ceiling Fan(s) Electric Heat Pump Individual 2 or More Units
Roof Composition
Zoning R-3
Security Features Security Alarm(s)
Construction Materials Painted Block
Year Built 1948
Electric APS Individual Meter
Township 2N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 46560.0
Community Features Barbecue Play Area General Store No Pool
County Maricopa
Net Operating Income 35387.0
Operating Expense 11173.0
Insurance Expense 2863.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 0.0
Subdivision Name STACY TRACT
Garage Y/N N
Status Active
Directions W Indian School Rd to right onto N 8th St. Turn left at the 2nd cross street onto E Fairmont Ave to right onto N 9th Pl
High School Phoenix Union Bioscience High School
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 2.0
Number Of Units Total 2
Carport Y/N N
Elementary School Longview Elementary School
Tax Annual Amount 870.0
Electric Expense 2400.0
Fuel Expense 840.0
Middle/Junior High School Osborn Middle School
Water Sewer Expense 1800.0
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 Osborn Elementary District
Tax Lot 8
Cap Rate 5.06
New Financing: Conventional True
Senior Community N
New Financing: FHA True
New Financing: Cash True
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ExteriorExterior Amenities Sidewalk(s)
Parking Features Add'l Parking Avail >1 Space Per Unit On Street Carport
Water Source City Franchise
Total Parking 4.0
Number of Buildings 1
Spa N
Lot Dimensions 134.88 x 50.32 x 134.88 x 49.50
Road Surface Type Concrete Asphalt
Covered Spaces 2.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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InteriorFlooring Carpet Ceramic Tile
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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* Excluded FeaturesList ByRuss Lyon Sotheby's International RealtyBroker
anthony.guerriero@russlyon.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,304
- Monthly Property Taxes
- $73
- 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.
Learn more about how to save NearbyMulti-family listings in Phoenix, AZ
Average List Price $1,254,034
Percent of Sale Price 79%
About Phoenix, AZ 1,596,463 Population
20% Since 2002
$ 51,132 Median Income
34.66 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
4328222 Elementary School
4327120 Middle School
Phoenix Union Bioscience High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/4/2026 | $699,000 | | Listed Price |