331 N 13TH Place, Phoenix, AZ 85006

$700,000

Historic District Investment Opportunity

Property Type: Multiple Dwellings Status: Active

Current Price: $700,000 Last Modified: 5/14/2026

Overview

Description

Incredible opportunity to own an income producing home + duplex. The property at 331 N 13th Place features a renovated 2 bed, 1 bath home with updated windows, appliances, a refreshed bathroom, flooring, interior and exterior paint, plus landscaping. It includes a washer, dryer, gas range, and refrigerator, with tenants responsible for all utilities. The adjacent duplex at 1329 E Polk has undergone a complete makeover, with an updated roof, AC, kitchen, bathroom, and windows. Both units offer 1 bedroom/1 bath, separate laundry with newer appliances. This is a fantastic opportunity to invest in the up-and-coming Garfield neighborhood, a hot spot for income properties where you are close to Downtown Phoenix, Footprint Center, Chase Field and vibrant Downtown nightlife and restaurants.

Listing Details MLS# 6822324

Location, Tax & Legal

House Number: 331
Compass: N
Street Name: 13TH
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 3421
Country: US
County Code: Maricopa
Subdivision: MADRONA PLACE
Assessor Number: 116-25-040
Tax Year: 2023
Assessor's Map #: 25
Legal Description (Abbrev): LOT 7 MADRONA PLACE MCR 001127
Assessor's Parcel #: 40
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113201
Taxes: 860
Legal: LOT 7 MADRONA PLACE MCR 001127
Marketing Name: Madrona Place

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 5000
Year Built: 1906
Uncvrd Parking Spcs: 4
Total # of Units: 3
# of Buildings: 2
Zoning: R-5
Flood Zone: No
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Garfield School
Jr. High School: Garfield School
High School: North High School

Remarks Misc

Cross Street: East Van Buren Street & North 13th Place
Directions: 12th Street & Fillmore south to Polk Street. Properties are at the SW corner of 13th Place and Polk.

Legal Info

Township: 1N
Range: 3E
Section: 4
Lot Number: 7

Income Expenses

Gross Annual Sch Inc: 47760
Net Operating Income: 46860

More Information

Showing Notification Methods

Showing Service: Aligned Showings

1 Bedroom Units

# 1 Bedroom Units: 2
Avg Rent: 1150
Avg SqFt: 550
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: Yes
Avg Rent: 1685
Avg SqFt: 832
# Baths: Yes

Project Type

Duplex: Yes

Other Type

House + Rental Units: Yes

Construction

Wood Frame: Yes
Brick: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes
Foam: Yes

Floors

Wood: Yes

Sale Includes

Building(s) Only: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1694
Annual Land Lse Exp: 0
Annual Landscape Exp: 3120
Annual Legal & Acctg: 0
Annual Maint Exp: 1500
Annual Mgmt Exp: 1800
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 900
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 9874
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 47760
Total Monthly Rental Income: 3980

Pmt & Rate Info

Cap Rate: 6.69
Equity: 700000
Down Payment %: 0
Monthly Payments: 1800
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Electric: Yes
Heat Pump: Yes

Exterior Amenities

Landscape Water System: Yes

Interior Features

Vertical Blinds: Yes

Tenant Pays

None: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
On Street: Yes
<1 Space Per Unit: Yes
Paved: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
No Carry: Yes

Existing 1st Loan

Conventional: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Other (See Remarks): Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Duplex Other Type: House + Rental Units Construction: Wood Frame; Brick Const - Finish: Painted; Stucco Roofing: Composition; Foam Floors: Wood Sale Includes: Building(s) Only Community Features: No Pool Exterior Amenities: Landscape Water System Interior Features: Vertical Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer Cooling: Electric; Heat Pump Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: On Street; <1 Space Per Unit; Free; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: None Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; FHA; Conventional; No Carry Environmental: None

Listing Office: The Agency

Last Updated: May - 14 - 2026