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For sale
    • Price cut: $100 (6/30)
    $929,900

    1321 N 48TH Place, Phoenix, AZ 85008

    8beds
    4baths
    2,800sqft
    : 
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    Multi Family
    Built in 1960
    -- sqft lot
    $-- Zestimate®
    $332/sqft
    $-- HOA

    What's special

    Ceramic tile flooringQuiet cul-de-sac
    This high-yield, well-maintained fourplex in Phoenix is perfectly situated in a quiet cul-de-sac, just south of McDowell & 48th St. Featuring four 2-bedroom, 1-bathroom units, this turnkey property boasts durable block construction and ceramic tile flooring, along with several recent updates. With convenient access to major freeways, supermarket, stores, and located just across from elementary school, these units are highly desirable and in great demand. 4 UNITS FULLY OCCUPIED; Units 1 and 2 have just been remodeled/upgraded. Units 3 and 4 have long-term tenants. Roofing replaced in 2017. All water heaters are newer (2021-2025). Each unit has its own private patio as well as washer/dryer hook-ups. Separate storage room outside unit 4. Amazing 6.4% CAP.
    96 days
    |
    224
    |
    8
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Monica Coker 480-307-1815,

    HomeSmart

    Source: ARMLS,MLS#: 6988566MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      Heating
      • Electric
      Cooling
      • Central Air, Ceiling Fan(s), Electric, Heat Pump, Individual
      Appliances
      • Included: Free-Standing Range, Refrigerator, Free-Standing Electric Oven, Microwave
      • Laundry: W/D Hookup
      Features
      • Flooring: Ceramic Tile
      Interior area
      • Total structure area: 2,800
      • Total interior livable area: 2,800 sqft

      Property

      Parking
      • Total spaces: 5
      • Parking features: Off Street, >1 Space Per Unit
      • Uncovered spaces: 5
      Lot
      • Size: 8,640 Square Feet
      • Dimensions: 8640
      Details
      • Parcel number: 12513092A
      • Zoning: Multi-Family

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Painted, Block
      • Roof: Composition
      Condition
      • Year built: 1960

      Utilities & green energy

      • Electric: SRP
      • Sewer: Public Sewer
      • Water: City Franchise

      Community & HOA

      Community
      • Features: No Pool
      • Security: Security Lights
      • Subdivision: PALOMINO ESTATES
      Location
      • Region: Phoenix

      Financial & listing details

      • Price per square foot: $332/sqft
      • Tax assessed value: $709,600
      • Annual tax amount: $1,184
      • Date on market: 2/24/2026
      • Cumulative days on market: 96 days
      • Listing terms: No Carry,Conventional,FHA
      • Ownership: Fee Simple
      • Electric utility on property: Yes
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/30/2026Price change$929,9000%$332/sqft
        Source: ARMLS #6988566 Report a problem
        4/6/2026Listed for sale$930,000+481.3%$332/sqft
        Source: ARMLS #6988566 Report a problem
        8/7/2020Listing removed$920
        Source: HomeSmart #6106325 Report a problem
        8/2/2020Listed for rent$920+67.3%
        Source: HomeSmart #6106325 Report a problem
        6/27/2016Listing removed$160,000+3.9%$57/sqft
        Source: Keller Williams - Tempe - Scottsdale #5295906 Report a problem
        7/24/2015Sold$154,000-3.8%$55/sqft
        Source: ARMLS #5295906 Report a problem
        6/18/2015Listed for sale$160,000$57/sqft
        Source: Keller Williams Realty Phoenix #5295906 Report a problem
        4/8/2014Listing removed$550
        Source: Service Star Realty Report a problem
        3/14/2014Listed for rent$550
        Source: Service Star Realty Report a problem
        1/15/2014Sold$160,000-5.3%$57/sqft
        Source: ARMLS #5039608 Report a problem
        12/7/2013Listed for sale$169,000-10.6%$60/sqft
        Source: Real Living SJ Fowler Real Estate #5039608 Report a problem
        6/2/2012Listing removed$189,000$68/sqft
        Source: Golden Globe Investments LLC #4727830 Report a problem
        3/10/2012Listed for sale$189,000+270.6%$68/sqft
        Source: Golden Globe Investments LLC #4727830 Report a problem
        2/6/2011Listing removed$51,000$18/sqft
        Source: RE/MAX New Heights Realty #4523323 Report a problem
        1/20/2011Listed for sale$51,000-66.7%$18/sqft
        Source: foreclosure.com Report a problem
        7/20/2010Sold$153,304+2.9%$55/sqft
        Source: Public Record Report a problem
        12/12/2001Sold$149,000+21.1%$53/sqft
        Source: Public Record Report a problem
        2/15/2000Sold$123,000+30.9%$44/sqft
        Source: Public Record Report a problem
        8/6/1998Sold$94,000$34/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,184 +6.3%$70,960 +8.9%
        2024$1,114 +1%$65,150 +674.1%
        2023$1,104 +3.7%$8,416 -70.3%
        2022$1,064 +0.2%$28,300 +15.9%
        2021$1,062 +0.4%$24,410 +17.1%
        2020$1,058 +6.2%$20,850 +12.5%
        2019$996 $18,530 +17.8%
        2018$996 +4.4%$15,730 +8.5%
        2017$954 +8.9%$14,500 +39.3%
        2016$876 +3.7%$10,410 +23%
        2015$845 $8,460 +13.6%
        2014-- $7,450 +56.8%
        2013-- $4,750 -11.4%
        2012-- $5,360 -31.9%
        2011-- $7,870 -34.2%
        2010-- $11,960 -43.2%
        2009-- $21,070 -5.8%
        2008-- $22,370 +14.7%
        2007-- $19,500 +39.8%
        2006-- $13,950
        2005-- $13,950 +21.8%
        2004-- $11,450
        2003-- $11,450 +31.6%
        2002-- $8,700
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Camelback East

        Getting around

        54 / 100
        Somewhat Walkable
        37 / 100
        Some Transit
        90 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Brunson-Lee Elementary School
        • Middle: Pat Tillman Middle School
        • High: Buckeye Union High School
        • District: Balsz 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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