Excellent value-add multifamily investment opportunity located in the growing Central Phoenix market. This unique 4-unit property offers strong income potential with major renovation work already completed, making it an ideal opportunity for investors looking to finish the final touches and maximize returns.
The property consists of:
Front Unit: Spacious 3 Bedroom / 2 Full Bathroom unit with in-unit laundry room
Rear Unit 1: 1 Bedroom / 1 Bathroom
Rear Unit 2: 2 Bedroom / 1 Bathroom
Rear Unit 3: Studio unit
Each rear unit has its own private entrance, creating privacy and flexibility for tenants.
The majority of the interior renovation work has already been completed. Additional planned upgrades include:
Brand new electrical system installation
New HVAC systems
New ap New hot water heaters
Seller plans to complete the remaining improvements prior to closing for an additional negotiated price, providing buyers flexibility to either purchase as-is or receive a near turn-key finished product.
The property includes parking for approximately 3 vehicles onsite, along with additional street parking availability.
This is a great opportunity for an investor or owner-operator to take over a nearly completed project and add the final cosmetic and operational touches. Estimated total rental income is projected to exceed $4,000 per month once fully stabilized.
Conveniently located near Downtown Phoenix, major freeways, employment centers, dining, shopping, and public transportation, this property benefits from strong rental demand and continued area growth.
Priced to sell quickly. Excellent opportunity for investors seeking cash flow, appreciation potential, and value-add upside.
Buyer to verify all facts, figures, measurements, zoning, permits, and projected rental income.
For sale
Price cut: $25.1K (8/14)
$299,900
1220 S 10TH Avenue, Phoenix, AZ 85007
11beds
60baths
4,000sqft
Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$75/sqft
$-- HOA
What's special
Additional street parking availabilityIn-unit laundry room
- 88 days
- 2,081
- 127
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Kiran Vedantam 602-550-4842,
Kosh Realty
Source: ARMLS,MLS#: 7037076

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 60
Heating
- Individual, Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Features
- Flooring: Ceramic Tile, Vinyl
Interior area
- Total structure area: 4,000
- Total interior livable area: 4,000 sqft
Property
Parking
- Parking features: Carport
- Has carport: Yes
Lot
- Size: 5,889 Square Feet
- Dimensions: 5889
Details
- Parcel number: 10501051
- Zoning: residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Painted, Stucco
- Roof: Tile
Condition
- Year built: 1940
Utilities & green energy
- Electric: APS, Master Meter
- Sewer: Public Sewer
- Water: Master Meter, City Franchise
Community & HOA
Community
- Features: No Pool
- Security: Security Lights
- Subdivision: DANIELS 2ND ADDITION
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $75/sqft
- Tax assessed value: $275,700
- Annual tax amount: $1,480
- Date on market: 6/4/2026
- Cumulative days on market: 88 days
- Listing terms: Other (See Remarks),No Carry,Conventional
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Concrete
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2026 | Price change | $299,900-7.7%$75/sqft |
Source: | ||
| 6/4/2026 | Listed for sale | $325,000+75.7%$81/sqft |
Source: | ||
| 9/16/2025 | Sold | $185,000+2.8%$46/sqft |
Source: | ||
| 9/4/2025 | Pending sale | $180,000$45/sqft |
Source: | ||
| 8/24/2025 | Listed for sale | $180,000$45/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,480 +6.6% | $27,570 -13.8% |
| 2024 | $1,388 +1% | $32,000 +201.4% |
| 2023 | $1,374 +4% | $10,616 -46% |
| 2022 | $1,322 -1.5% | $19,660 +41.2% |
| 2021 | $1,342 0% | $13,920 +5.8% |
| 2020 | $1,342 +178.9% | $13,160 +8.5% |
| 2019 | $481 | $12,130 +18.7% |
| 2018 | $481 +3.7% | $10,220 +43.3% |
| 2017 | $464 +13% | $7,130 +11.1% |
| 2016 | $411 -6.4% | $6,420 +17.2% |
| 2015 | $439 | $5,480 +51% |
| 2014 | -- | $3,630 +71.2% |
| 2013 | -- | $2,120 |
| 2012 | -- | $2,120 -56.4% |
| 2011 | -- | $4,863 -17.9% |
| 2010 | -- | $5,925 -7.6% |
| 2009 | -- | $6,411 +2.2% |
| 2008 | -- | $6,270 +43.9% |
| 2007 | -- | $4,357 +63.2% |
| 2006 | -- | $2,669 |
| 2005 | -- | $2,669 +12.4% |
| 2004 | -- | $2,374 |
| 2003 | -- | $2,374 +8.5% |
| 2002 | -- | $2,189 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Central City
Nearby schools
Schools provided by the listing agent
- Elementary: Mary Mcleod Bethune School
- Middle: Mary Mcleod Bethune School
- High: Central High School
- 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.
