For sale

$416,900

1947 E RAYMOND Street, Phoenix, AZ 85040

4beds

4baths

1,958sqft

$2,564/mo

Get pre-qualified

Multi Family

Built in 2020

-- sqft lot

$-- Zestimate^®

$213/sqft

$-- HOA

What's special

Private garage

*AFFORDABLE DUPLEX PRICED THOUSANDS BELOW MARKET!* Excellent opportunity for an owner-occupant or investor. Each unit features **2 bedrooms, 2 baths and a private garage**. Both units are currently occupied on a month-to-month basis, providing flexibility for a buyer who wants to **live in one unit and rent the other--potentially reducing monthly housing costs substantially!** FHA, VA and down-payment-assistance buyers welcome. Investors benefit from existing rental income with a **6%+ estimated return** and tenants willing to extend their leases if desired. Property has been self-managed by the builder/seller. Some minor cosmetic updating and repairs would restore the property's shine and provide an opportunity to add value. Affordable multifamily ownership with income already in place.

2 days
296
39

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4

Heating

Central, Electric

Cooling

Central Air, Ceiling Fan(s), Electric

Appliances

Included: Built-In Range, Disposal, Refrigerator, Built-In Electric Oven, Microwave
Laundry: W/D Hookup

Features

Flooring: Tile

Interior area

Total structure area: 1,958
Total interior livable area: 1,958 sqft

Property

Parking

Total spaces: 6
Parking features: Attached, 1 Space/Unit
Has attached garage: Yes
Covered spaces: 2
Uncovered spaces: 4

Lot

Size: 6,912 Square Feet
Dimensions: 6912 sq ft

Details

Parcel number: 12232020C
Zoning: R3

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Frame, Painted, Stucco
Roof: Composition

Condition

Year built: 2020

Utilities & green energy

Electric: SRP
Sewer: Public Sewer
Water: City Franchise

Community & HOA

Community

Features: See Remarks
Subdivision: PROGRESS PLACE

Location

Region: Phoenix

Financial & listing details

Price per square foot: $213/sqft
Tax assessed value: $442,000
Annual tax amount: $3,491
Date on market: 9/2/2026
Listing terms: FHA,VA Loan
Ownership: Fee Simple
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
9/2/2026	Listed for sale	$416,900+137.7%$213/sqft
Source: ARMLS #7074366 Report a problem
4/30/2009	Sold	$175,379$90/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,491 +2.6%	$44,200 -17.3%
2024	$3,401 +2.9%	$53,420 +154.4%
2023	$3,304 +2%	$20,999 -33.9%
2022	$3,238 +1022.3%	$31,770 +13.4%
2021	$289 +3.3%	$28,010 +729.9%
2020	$279 +16.3%	$3,375 +34.7%
2019	$240	$2,505