Brand new construction. All units are 2 bedroom 2 bath/ High end finishes throughout. This is a perfect turnkey property that is the first in a growing area.
Tremendous upside investment. The property is near the light rail into downtown and to the airport.
Sold for $1,250,000
$1,250,000
1305 E MADISON Street, Phoenix, AZ 85034
8beds
2baths
3,764sqft
Multi Family
Built in 2025
-- sqft lot
$1,465,800 Zestimate®
$332/sqft
$2,849 Estimated rent
Home value
$1,465,800
$1.39M - $1.54M
$2,849/mo
Zestimate® history
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$6,994/mo
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Zillow last checked:
Listing updated:
Listed by:
Ron Erick Schmidt 805-458-6735,
West USA Realty
Bought with:
Ron Erick Schmidt, SA671980000
West USA Realty
Source: ARMLS,MLS#: 6802310
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 2
Heating
- Electric
Cooling
- Ceiling Fan(s)
Appliances
- Included: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave
- Laundry: W/D Hookup
Features
- Flooring: Vinyl
Interior area
- Total structure area: 3,764
- Total interior livable area: 3,764 sqft
Property
Parking
- Total spaces: 8
- Parking features: Paved
- Uncovered spaces: 8
Lot
- Size: 7,000 sqft
- Dimensions: 7000 sq feet
Details
- Parcel number: 11649029
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Painted, Stucco, Stone
- Roof: Composition
Condition
- Year built: 2025
Utilities & green energy
- Electric: APS
- Sewer: Public Sewer
- Water: City Franchise
Community & neighborhood
Community
- Community features: No Pool
Location
- Region: Phoenix
- Subdivision: COLLINS ADDITION PHOENIX BLOCKS 31-34 & 39-40
Other
Other facts
- Listing terms: Conventional,1031 Exchange
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2026 | Listing removed | $1,525,000$405/sqft |
Source:  ARMLS #6948798 Report a problem | ||
| 11/18/2025 | Listed for sale | $1,525,000+22%$405/sqft |
Source: ARMLS #6948798 Report a problem | ||
| 7/15/2025 | Sold | $1,250,000-9.1%$332/sqft |
Source: ARMLS #6802310 Report a problem | ||
| 6/13/2025 | Pending sale | $1,375,000$365/sqft |
Source: ARMLS #6802310 Report a problem | ||
| 5/23/2025 | Price change | $1,375,000-1.7%$365/sqft |
Source: ARMLS #6802310 Report a problem | ||
| 5/5/2025 | Price change | $1,399,000-3.5%$372/sqft |
Source: ARMLS #6802310 Report a problem | ||
| 4/17/2025 | Price change | $1,449,000-3.1%$385/sqft |
Source: ARMLS #6802310 Report a problem | ||
| 4/4/2025 | Price change | $1,495,000-0.3%$397/sqft |
Source: ARMLS #6802310 Report a problem | ||
| 1/9/2025 | Listed for sale | $1,499,000+597.2%$398/sqft |
Source: ARMLS #6802310 Report a problem | ||
| 10/29/2021 | Sold | $215,000+8%$57/sqft |
Source: ARMLS #6304552 Report a problem | ||
| 10/17/2021 | Pending sale | $199,000$53/sqft |
Source: ARMLS #6304552 Report a problem | ||
| 10/8/2021 | Listed for sale | $199,000$53/sqft |
Source: ARMLS #6304552 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,565 +110.2% | $20,805 +3% |
| 2024 | $1,220 +47.3% | $20,205 +256.3% |
| 2023 | $828 +3.7% | $5,671 -63.5% |
| 2022 | $799 +11.4% | $15,520 +71.9% |
| 2021 | $717 0% | $9,030 +9.9% |
| 2020 | $717 +61.5% | $8,220 +26.9% |
| 2019 | $444 | $6,480 +11.1% |
| 2018 | $444 +3.7% | $5,830 +21.5% |
| 2017 | $428 +13% | $4,800 +11.1% |
| 2016 | $379 -4% | $4,320 +24.9% |
| 2015 | $395 | $3,460 +9.5% |
| 2014 | -- | $3,160 +56.4% |
| 2013 | -- | $2,020 -9% |
| 2012 | -- | $2,220 -5.9% |
| 2011 | -- | $2,360 -81.6% |
| 2010 | -- | $12,834 -3.4% |
| 2009 | -- | $13,281 +36.8% |
| 2008 | -- | $9,706 +44.5% |
| 2007 | -- | $6,718 +4.4% |
| 2006 | -- | $6,435 |
| 2005 | -- | $6,435 +104% |
| 2004 | -- | $3,155 |
| 2003 | -- | $3,155 +5.5% |
| 2002 | -- | $2,990 |
Find assessor info on the county website
Neighborhood: Central City
Nearby schools
GreatSchools rating
- 6/10Garfield SchoolGrades: PK-8Distance: 0.8 mi
- 2/10North High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: Garfield School
- Middle: Garfield School
- High: North 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.
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Estimated market value
$1,465,800
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
$1,465,800
- Arizona
- Maricopa County
- Phoenix
- 85034
- Central City
- 1305 E MADISON Street
Nearby cities
Nearby neighborhoods
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