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Michelle Quackenbush

azbrokeronline@gmail.com +1(602) 999-2627

$ 649,000

Est. payment -/mo

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Active Under Contract

502 N 11TH Street Phoenix, AZ 85006

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Mt Pleasant Tract Blocks 2-5

MLS Listing ID 6938774

Maintenance Fees $1,335

Year Built 1960

Annual Tax Amount $1,288

Tax Year 2025

Lot Dimensions 99.83 x 70.26 x 99.77 x 70.26

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

**GARFIELD DISTRICT** is culturally-rich, w/HISTORICAL significance, mixed w/CONTEMPORARY community-life, PERFECTLY located IN-THE-HEART-OF-DOWNTOWN-PHOENIX's urban-landscape**EXCEPTIONAL-OPPORTUNITY** (2) units are 1 bd/1 bath & (2) units are Studio-flats~ALL units have GAS ranges, & FULL size STACKABLE washer/dryers~Units are submetered for Electric and Gas which Tenants pay~Each unit has Central air-conditioning systems~Duplexes & 4-Plexes in the area are selling upwards of $850K and vacant-lots in the area are listed over $1 million~This HISTORIC property was built-in 1960 & has been renovated throughout the years, it holds STRONG, cash-flow and LONG-TERM appreciation potential~This 4-Plex is A HIDDEN-GEM located in the reimagined, downtown, Phoenix, BOOMING rental-market! Located in the Garfield Historic District, one of the most desirable and rapidly evolving areas near Downtown Phoenix, this well-maintained 4-plex offers strong cash flow and long-term
appreciation potential.

Property Highlights:
4 total units
(2) One-Bedroom / One-Bath units
(2) Studio units
Central air conditioning in all units
Gas ranges
Full-size stackable washer/dryers in each unit
Electric and gas sub-metered (tenants pay utilities)
Renovated and maintained over the years

Investment Highlights:
Strong potential rental-yield (7%)
Located minutes from downtown employment, hospitals, universities, and entertainment
High demand rental market in central Phoenix
Comparable duplexes and four-plexes in the area selling over $800K
Nearby redevelopment and vacant land listings exceeding $1M
Value-Add Potential
Opportunity to increase rents over time in a rapidly appreciating neighborhood
Potential to further enhance units for additional upside
Desirable location for long-term rental demand

Location:
Situated in the vibrant Garfield neighborhood, known for its historic charm, arts community, and
proximity to downtown Phoenix, the property benefits from continued urban revitalization and strong
tenant demand.

Ideal for investors seeking cash flow + appreciation potential in one of Phoenix's most dynamic central neighborhoods.

Location

State AZ

County Maricopa

Community Mt Pleasant Tract Blocks 2-5

Area Maricopa

Zoning Multi-Family

Direction Roosevelt to 11th ST, South to Taylor, Property is located on the corner of Taylor and 11th ST

Interior

Heating Heat Pump, Electric

Cooling Central Air, Ceiling Fan(s), Individual

Flooring Tile

Appliance Refrigerator, Free-Standing Gas Oven, Washer/Dryer

Exterior

Exterior Feature Sidewalk(s)

Parking Features Paved, On Street

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water Master Meter

Structure Type Sidewalk(s)

New Construction No

Schools

Elementary Schools Garfield School

Middle Schools Garfield School

High Schools North High School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 116-26-102

Acceptable Financing Conventional, 1031 Exchange

Disclosures None

Listing Terms Conventional, 1031 Exchange

Listed by CTS Realty • Sherry A McQueen

Nearby School & Business

Michelle Quackenbush

Agent

+1(602) 999-2627

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