1217 E Hess Ave offers an exceptional investment opportunity with an assumable FHA loan at 5.25%. This property is minutes from Downtown Phoenix, Sky Harbor Airport, and major freeways (I-10, Loop 202). The property is surrounded by major employment hubs including ASU's Downtown campus, Phoenix Biomedical Campus, Maricopa County and City of Phoenix government centers, and top corporate employers like Freeport-McMoRan, Honeywell, Wells Fargo, Chase, and APS. Ongoing redevelopment in the Warehouse District and Central City neighborhoods is fueling rental demand from young professionals, students, and healthcare workers. With excellent access to transit, entertainment, and a strong, diverse job market, this property is well-positioned
for steady cash flow and long-term appreciation.
Sold for $505,000
$505,000
1217 E HESS Avenue, Phoenix, AZ 85034
3beds
3baths
900sqft
Multi Family
Built in 1946
-- sqft lot
$398,200 Zestimate®
$561/sqft
$1,864 Estimated rent
Home value
$398,200
$342,000 - $458,000
$1,864/mo
Zestimate® history
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$2,909/mo
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Zillow last checked:
Listing updated:
Listed by:
Zachary Coty 602-516-4767,
Compass
Bought with:
Jay Khor, BR625357000
Conflux
Source: ARMLS,MLS#: 6880768
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Refrigerator, Built-In Gas Oven, Washer/Dryer
Features
- Flooring: Vinyl
Interior area
- Total structure area: 900
- Total interior livable area: 900 sqft
Property
Parking
- Total spaces: 5
- Parking features: 1 Space/Unit, On Street
- Uncovered spaces: 5
Lot
- Size: 6,900 Square Feet
- Dimensions: 6900
Details
- Parcel number: 11537078B
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Painted, Stucco, Block
- Roof: Composition
Condition
- Year built: 1946
Utilities & green energy
- Electric: APS, SRP
- Sewer: Public Sewer
- Water: City Franchise
Community & HOA
Community
- Features: No Pool
- Subdivision: HILTON PLACE
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $561/sqft
- Tax assessed value: $183,700
- Annual tax amount: $681
- Date on market: 8/18/2025
- Cumulative days on market: 98 days
- Listing terms: No Carry,Conventional,1031 Exchange,FHA,VA Loan
- Ownership: Fee Simple
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 9/22/2025 | Sold | $505,000-3.8%$561/sqft |
Source:  ARMLS #6880768 Report a problem | ||
| 6/16/2025 | Listed for sale | $525,000+19.3%$583/sqft |
Source: ARMLS #6880768 Report a problem | ||
| 5/16/2025 | Listing removed | $1,950$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/22/2025 | Listed for rent | $1,950+145.3%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/27/2024 | Listing removed | $795$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/25/2024 | Price change | $795-11.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/1/2024 | Price change | $895-10.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/22/2024 | Listed for rent | $995-15%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/31/2023 | Sold | $440,000$489/sqft |
Source: ARMLS #6539736 Report a problem | ||
| 4/4/2023 | Listed for sale | $440,000+29.4%$489/sqft |
Source: ARMLS #6539736 Report a problem | ||
| 3/14/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/13/2023 | Price change | $1,170-2.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/27/2022 | Listed for rent | $1,195+3.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/12/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 4/10/2021 | Listed for rent | $1,150$1/sqft |
Source: Zillow Rental Network Premium #6214729 Report a problem | ||
| 3/26/2021 | Sold | $340,000+25.9%$378/sqft |
Source: Public Record Report a problem | ||
| 3/12/2021 | Price change | $270,000-9.7%$300/sqft |
Source: ARMLS #6204689 Report a problem | ||
| 3/3/2021 | Price change | $299,000-9.4%$332/sqft |
Source: ARMLS #6196645 Report a problem | ||
| 2/19/2021 | Listed for sale | $330,000+222%$367/sqft |
Source: ARMLS #6196645 Report a problem | ||
| 9/17/2020 | Sold | $102,500+502.9%$114/sqft |
Source: Public Record Report a problem | ||
| 7/13/2012 | Sold | $17,000+6.3%$19/sqft |
Source: Agent Provided Report a problem | ||
| 6/12/2012 | Listed for sale | $16,000-38.5%$18/sqft |
Source: Pro Star Realty #4772782 Report a problem | ||
| 12/10/1997 | Sold | $26,000-3.7%$29/sqft |
Source: Public Record Report a problem | ||
| 1/29/1997 | Sold | $27,000$30/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $724 +6.2% | $18,370 +11.8% |
| 2024 | $681 +13.9% | $16,430 +255.6% |
| 2023 | $598 -8.1% | $4,621 -42.8% |
| 2022 | $651 -0.4% | $8,080 -3% |
| 2021 | $653 +0.2% | $8,330 -0.6% |
| 2020 | $652 +93.4% | $8,380 +58.7% |
| 2019 | $337 | $5,280 +22.8% |
| 2018 | $337 +2.3% | $4,300 +0.7% |
| 2017 | $330 +11.3% | $4,270 +6.5% |
| 2016 | $296 +1% | $4,010 +29.4% |
| 2015 | $293 | $3,100 +49.8% |
| 2014 | -- | $2,070 +47.9% |
| 2013 | -- | $1,400 -4.1% |
| 2012 | -- | $1,460 -36.8% |
| 2011 | -- | $2,310 -55.2% |
| 2010 | -- | $5,160 -43.5% |
| 2009 | -- | $9,130 +3.8% |
| 2008 | -- | $8,800 +28.5% |
| 2007 | -- | $6,850 +23.4% |
| 2006 | -- | $5,550 |
| 2005 | -- | $5,550 +38.8% |
| 2004 | -- | $4,000 +6.7% |
| 2003 | -- | $3,750 +53.1% |
| 2002 | -- | $2,450 |
Find assessor info on the county website
Neighborhood: Central City
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Nearby schools
GreatSchools rating
- 5/10Silvestre S Herrera SchoolGrades: PK-8Distance: 0.5 mi
- 2/10North High SchoolGrades: 9-12Distance: 3.5 mi
Schools provided by the listing agent
- District: Phoenix Elementary District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$398,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$398,200
- Arizona
- Maricopa County
- Phoenix
- 85034
- Central City
- 1217 E HESS Avenue
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