11507 N 79TH Drive, Peoria, AZ 85345

$1,350,000

Property Type: Multiple Dwellings Bedrooms: 15 Baths: 25 Status: Active

Current Price: $1,350,000 Last Modified: 8/25/2026

Overview

Description

This exceptional real estate opportunity consists of three parcels featuring two duplexes, three single-family homes, and a garage. A significant portion of the land remains vacant, offering ample space for future development. The property is zoned for multi-family use, proving potential for growth and expansion in a desirable area. This versatile investment is perfect for developers or investors looking to capitalize on the thriving local market. Don't miss the chance to explore the possibilities this property has to offer!

Listing Details MLS# 6841463

Location, Tax & Legal

House Number: 11507
Compass: N
Street Name: 79TH
St Suffix: Drive
City/Town Code: Peoria
State/Province: AZ
Zip Code: 85345
Zip4: 1356
Country: US
County Code: Maricopa
Subdivision: VARNEY TRACT
Assessor Number: 142-06-084
Tax Year: 2024
Building Number: 7
Assessor's Map #: 6
Legal Description (Abbrev): LOT 47 VARNEY TRACT MCR 003011
Assessor's Parcel #: 84
Add'l Parcels: Yes
Tax Municipality: Peoria
Census Tract: 71910
Taxes: 1710
Legal: LOT 47, 48 VARNEY TRACT MCR 003011
Marketing Name: Varney Tract

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 084: 100x300, 085: 40x100, 087: 100x200x20x300
Year Built: 1955
Uncvrd Parking Spcs: 10
Total # of Units: 7
# of Buildings: 6
Zoning: RM-1
Elementary School District: Peoria Unified School District
High School District: Peoria Unified School District

Remarks Misc

Directions: Cactus road to 79th Ave then head south on 79th Ave. Take a right on W Cholla Street. Then a right on N 79th Drive. Entrance is on the right off 79th Drive.

Legal Info

Township: 3N
Range: 1E
Section: 23
Lot Number: 47,48

Efficiency Units

# Efficiency Units: 4
Avg Rent: 562.5
Avg SqFt: 1050
# Baths: Yes

More Information

1 Bedroom Units

# 1 Bedroom Units: 4
Avg Rent: 562.5
Avg SqFt: 1050
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 2
# Baths: Yes
Avg Rent: 0

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 750
# Baths: 15

Structure

Bedrooms Total: 15
Bathrooms Total: 25

Income Expenses

Gross Annual Sch Inc: 36000
Net Operating Income: 31650

Showing Notification Methods

Showing Service: Aligned Showings

Project Type

Duplex: Yes
5 - 12 Units: Yes
Other (See Remarks): Yes

4 Bedrooms Units

Avg Rent: 0

Other Type

House + Rental Units: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1710
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 34200

Pmt & Rate Info

Cap Rate: 2.18
Equity: 1450000
Down Payment %: 10
Monthly Payments: 3000
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Wall Furnace: Yes
Electric: Yes
Window/Wall Unit(s): Yes

Cooling

Evaporative Cooling: Yes
Central Air: Yes
Electric: Yes
Window/Wall Unit: Yes
Individual: Yes

Tenant Pays

Gas: Yes
Water: Yes
Sewer: Yes
Electricity: Yes
Cable TV: Yes

Appliances Included

Refrigerator: Yes
Free-Standing Range: Yes

Road Surface Type

Dirt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
On Street: Yes
Add'l Parking Avail: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

None: Yes

New Financing

Cash: Yes
Conventional: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Project Type: Duplex; 5 - 12 Units; Other (See Remarks) Other Type: House + Rental Units Construction: Wood Frame Const - Finish: Painted Roofing: Composition Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator Heating: Window/Wall Unit(s); Wall Furnace Cooling: Electric; Window/Wall Unit; Evaporative Cooling; Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: On Street; Add'l Parking Avail; Free Road Surface Type: Dirt Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Gas; Cable TV Source of Fincl Data: Owner Lockbox Type: None New Financing: Cash; Conventional Environmental: None

Listing Office: eXp Realty

Last Updated: August - 25 - 2026