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Off market
  • $542,000

    1538 W MCKINLEY Street, Phoenix, AZ 85007

    4beds
    2baths
    1,680sqft
    Multi Family
    Built in 1931
    -- sqft lot
    $542,000 Zestimate®
    $323/sqft
    $1,610 Estimated rent

    Home value

    $542,000

    $466,000 - $629,000

    $1,610/mo

    Zestimate® history
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    What's special

    Brand new remodeled Triplex with great rents. Townhome like apartments with PRIVATE YARDS & in unit Washer/Dryers & dishwashers!! Excellent gross monthly cashflow $4,512, $54,144 yearly. 8.9% Gross Cap Rate, Tenant paid utilities on RUBS!! New HVAC in the 2 of the 3 units, new interiors with wood tile floor, showers, stainless appliances, White Quartz countertops and ceiling fans. Overhead is low. 2 covered parking spots in back. Unit mix of 1, 2 bed x1 bath, 2, 1 bed x 1 bath. This area is hot and transitioning in the Art District of Roosevelt. Hurry will not last with this strong of cashflow. Could add solar and reduce bills even more or *build more units in the back with the R-5 high density multi-family zoning.*

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked:

    Listing updated:

    Listed by:

    James J Yancey 480-452-6227,

    Gentry Real Estate

    Bought with:

    Jorge Munoz, SA654047000

    AZ Brokerage Holdings, LLC

    Azroy Salim, SA517417000

    AZ Brokerage Holdings, LLC

    Source: ARMLS,MLS#: 6512079MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Electric
    Cooling
    • Ceiling Fan(s), Electric
    Appliances
    • Included: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
    Features
    • Flooring: Ceramic Tile
    Interior area
    • Total structure area: 1,680
    • Total interior livable area: 1,680 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Carport
    • Has carport: Yes
    • Covered spaces: 2
    • Uncovered spaces: 3
    Lot
    • Size: 6,292 Square Feet
    • Dimensions: 52' x 121'
    Details
    • Parcel number: 11125032A
    • Zoning: R5

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Painted, Stucco
    • Roof: Composition
    Condition
    • Year built: 1931

    Utilities & green energy

    • Electric: APS
    • Sewer: Public Sewer
    • Water: Master Meter

    Community & HOA

    Community
    • Features: No Pool
    • Subdivision: HOMESTEAD PLACE
    Location
    • Region: Phoenix

    Financial & listing details

    • Price per square foot: $323/sqft
    • Annual tax amount: $543
    • Date on market: 7/21/2025
    • Cumulative days on market: 126 days
    • Listing terms: No Carry,Conventional,1031 Exchange
    • Ownership: Fee Simple
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    5/30/2023Sold$565,000-5.8%$336/sqft
    Source: ARMLS #6512079 Report a problem
    4/6/2023Price change$599,900-1.5%$357/sqft
    Source: ARMLS #6512079 Report a problem
    4/3/2023Price change$609,000-0.2%$363/sqft
    Source: ARMLS #6512079 Report a problem
    3/13/2023Price change$610,000-1.5%$363/sqft
    Source: ARMLS #6512079 Report a problem
    3/7/2023Price change$619,000-1.7%$368/sqft
    Source: ARMLS #6512079 Report a problem
    2/26/2023Price change$630,000-1.4%$375/sqft
    Source: ARMLS #6512079 Report a problem
    1/26/2023Listed for sale$639,000+239.9%$380/sqft
    Source: ARMLS #6512079 Report a problem
    9/24/2020Sold$188,000$112/sqft
    Source: ARMLS #6128446 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Central City

    Nearby schools

    GreatSchools rating
    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
    $542,000
    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
    $542,000