1702 W SHANGRI LA Road, Phoenix, AZ 85029

$480,000

Property Type: Multiple Dwellings Status: Active

Current Price: $480,000 Last Modified: 6/04/2026

Overview

Description

Great triplex investment with mountain views! This value offers three separate units, each approximately 700 sq ft. Unit #1 & #2 are tenant-occupied, generating $1,110 & $1164.90 in monthly rent, and #3 is vacant and ready for immediate occupancy. Each unit features an eat-in kitchen, a living room, tile flooring throughout high-traffic areas, two bedrooms with walk-in closets, and a full bathroom. Residents enjoy access to the large backyard, plus two assigned parking spaces per unit. The location has a bus stop right on the corner, nearby restaurants, shops, North Mountain & Shaw Butte Preserves, Peoria Ave, Winifred Green Park, and easy access to the I-17 fwy. Great multi-family investment, or multi-generational living, or house hacking!

Listing Details MLS# 6987996

Location, Tax & Legal

House Number: 1702
Compass: W
Street Name: SHANGRI LA
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85029
Zip4: 3731
Country: US
County Code: Maricopa
Assessor Number: 159-12-046-Q
Tax Year: 2025
Assessor's Map #: 12
Legal Description (Abbrev): S 1/3 OF FOLL DESC PROP S2 E2 NE4 NW4 SW4 SEC 19 EX W 200F & EX S 25F RD TH/OF & ALSO EX E 16F S ONE
Assessor's Parcel #: 46
Assessor Parcel Ltr: Q
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103615
Taxes: 1223
Legal: S 1/3 OF FOLL DESC PROP S2 E2 NE4 NW4 SW4 SEC 19 EX W 200F & EX S 25F RD TH/OF & ALSO EX E 16F S ONE
Marketing Name: Phx Triplex

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 96x68x24x76x81
Year Built: 2002
Uncvrd Parking Spcs: 6
Total # of Units: 3
# of Buildings: Yes
Zoning: RESIDENTIAL
Elementary School District: Washington Elementary School District
High School District: Glendale Union High School District
Elementary School: Sunnyslope Elementary School
Jr. High School: Sunnyslope Elementary School
High School: Sunnyslope High School

Remarks Misc

Cross Street: W Peoria Ave & N 19th Ave
Directions: From I-17 N take exit 208 toward Peoria Ave, Merge onto N Black Cyn Hwy, Head East onto W Peoria Ave, Turn left onto N 19th Ave, Turn right onto W Shangri La Rd. Property will be on the left.

Legal Info

Township: 3N
Range: 3E
Section: 19
Lot Number: 159-12-046-Q

Income Expenses

Gross Annual Sch Inc: 37200
Net Operating Income: 26000

More Information

Showing Notification Methods

Showing Service: Non-MLS Showing Service - See Private Remarks

2 Bedroom Units

# 2 Bedroom Units: 3
Avg Rent: 1100
Avg SqFt: 700
# Baths: 3

Project Type

Tri-Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Laminate: Yes
Tile: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1223
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 35340

Pmt & Rate Info

Cap Rate: 5.42
Equity: 480000
Down Payment %: 30
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Other: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Central Air: Yes

Exterior Amenities

Patio/Balcony: Yes

Interior Features

Unfurnished: Yes

Tenant Pays

Gas: Yes
Electricity: Yes

Appliances Included

Refrigerator: Yes
Built-In Range: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

>1 Space Per Unit: Yes
Paved: Yes
Assigned: Yes

Electric

APS: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Cash: Yes
Conventional: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Tri-Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Laminate; Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Patio/Balcony Interior Features: Unfurnished Appliances Included: Built-In Range; Refrigerator Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: >1 Space Per Unit; Assigned; Paved Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas Source of Fincl Data: Owner; Projected Proforma Lockbox Type: Other Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Environmental: None

Listing Office: Rosenbaum Realty Group

Last Updated: June - 04 - 2026