129 N 11TH Avenue, Phoenix, AZ 85007

$1,750,000

Virtual Tour

https://www.zillow.com/view-3d-home/a3fb5e0e-c506-41d6-8a58-00166f72ed96?utm_source=dashboard

Property Type: Multiple Dwellings Bedrooms: 8 Baths: 8 Status: Active

Current Price: $1,750,000 Last Modified: 10/30/2026

Overview

Description

**RARE 5-Unit INVESTMENT OPPORTUNITY IN THE HEART OF DOWNTOWN PHOENIX!** Located in the desirable Woodland Historic District, this unique property offers incredible versatility with a modern single-family residence and four additional 1-bedroom apartments, all built in 2019! Whether you're looking to expand your investment portfolio, generate multiple rental income streams, or live on-site while renting out the additional units, this property offers endless possibilities!The spacious main residence features 4 bedrooms, 3.5 bathrooms, a den, bonus room, and a 1-car garage. Modern finishes include quartz countertops, stainless steel appliances, vaulted ceilings, and a walk-out patio. Quality block construction and a tile roof add to the appeal.

Supplements: Each of the four 1-bedroom apartments features a spacious great room, full kitchen, private bathroom, and its own washer and dryer. Covered parking and a gated courtyard provide added convenience and privacy.LOCATION, LOCATION, LOCATION! Enjoy easy access to everything Downtown Phoenix has to offer, including the Roosevelt Row Arts District, City ... (Read more)

Listing Details MLS# 7100598

Location, Tax & Legal

House Number: 129
Compass: N
Street Name: 11TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2784
Country: US
County Code: Maricopa
Subdivision: EL FRESNAL
Assessor Number: 112-04-007
Tax Year: 2025
Assessor's Map #: 4
Legal Description (Abbrev): LOT 8 EL FRESNAL MCR 000717
Assessor's Parcel #: 7
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114301
Taxes: 6409
Legal: LOT 8 EL FRESNAL MCR 000717
Marketing Name: EL FRESNAL

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 50 x 140
Year Built: 2019
Total # of Units: 5
# of Buildings: 2
Zoning: R5
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Paul Dunbar Lawrence School
Jr. High School: Phoenix #1 iAcademy
High School: Phoenix Union Bioscience High School
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: 7th Ave & Adams
Directions: West on Adams, North on 11th Ave to Property.

Legal Info

Township: 1N
Range: 3E
Section: 7
Lot Number: 8

1 Bedroom Units

# 1 Bedroom Units: 4
Avg Rent: 1250
Avg SqFt: 650
# Baths: Yes

More Information

4 Bedrooms Units

# 4 Bedroom Units: Yes
Avg Rent: 4000
Avg SqFt: 1911
# Baths: 4

Structure

Bedrooms Total: 8
Bathrooms Total: 8

Income Expenses

Gross Annual Sch Inc: 108000
Net Operating Income: 108000

Showing Notification Methods

Showing Service: Aligned Showings

Project Type

5 - 12 Units: Yes

Efficiency Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

Other Type

House + Rental Units: Yes
Packaged Offering: Yes

Construction

Block: Yes

Const - Finish

Metal Siding: Yes

Roofing

Built-Up: Yes
Tile: Yes

Floors

Tile: Yes
Concrete: Yes
Wood: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 6409
Other Income: 0
Vacancy Allowance: 0.5
Adjusted Gross Inc: 54000

Pmt & Rate Info

Cap Rate: 6.17
Equity: 1750000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Supra: Yes

Community Features

No Pool: Yes
Barbecue: Yes

Heating

Heat Pump: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes
Heat Pump: Yes

Exterior Amenities

Desert Landscaping: Yes
Fenced: Yes
Cable TV Available: Yes
Patio/Balcony: Yes

Interior Features

Central Vacuum: Yes
Fire/Smoke Alarm(s): Yes
Fire Sprinklers: Yes
Basement: Yes

Tenant Pays

Water: Yes
Sewer: Yes
Electricity: Yes
Trash Collection: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Built-In Range: Yes
Washer/Dryer: Yes

Road Access Type

Alley: Yes
City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

Individual Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

Garage: Yes
1 Space/Unit: Yes
Garage Door Opener: Yes
Attached Carport: Yes

Electric

APS: Yes

Gas

None: Yes

Owner Pays

Other: Yes

New Financing

Cash: Yes
Conventional: Yes
1031 Exchange: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Property Features

Project Type: 5 - 12 Units Other Type: House + Rental Units; Packaged Offering Construction: Block Const - Finish: Metal Siding Roofing: Built-Up; Tile Floors: Tile; Concrete; Wood Sale Includes: Land & Building Community Features: No Pool; Barbecue Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony Interior Features: Central Vacuum; Fire/Smoke Alarm(s); Fire Sprinklers; Basement Appliances Included: Built-In Range; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Heat Pump Cooling: Ceiling Fan(s); Electric; Heat Pump Water Source: Individual Meter Sewer: Sewer - Public Electric: APS Gas: None Parking Features: Garage; 1 Space/Unit; Garage Door Opener; Attached Carport Road Access Type: Alley; City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Other Tenant Pays: Water; Sewer; Electricity; Trash Collection Source of Fincl Data: Owner Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; 1031 Exchange Environmental: None

Listing Office: Real Broker

Office Email: Membership@TheRealBrokerage.com

Last Updated: October - 30 - 2026