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  • $840,000

    227 W Cano St, Somerton, AZ 85350

    12beds
    --sqft
    : 
    $5,562/mo
    Get pre-qualified
    MultiFamily
    Built in 2014
    -- sqft lot
    $817,100 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Dedicated parkingOne bathroomPrivate backyardsOn-site laundry facilitiesEach offering two bedrooms
    RARE SIX-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY | SOMERTON, AZ | $840,000 An outstanding opportunity to acquire an established yet newer income-producing multifamily property in the growing city of Somerton, Arizona! Built just 13 years ago, this unique six-unit property includes four separate residential buildings, each offering two bedrooms, one bathroom, and private backyards. A fifth building provides on-site laundry facilities. Each unit is individually metered for electricity, and tenants enjoy dedicated parking an increasingly rare feature. The property currently earns $1,000 to $1,100 per unit, generating potential gross rental income of $72,000 to $79,200 annually. After approximately $10,000 to $11,000 in annual expenses, net operating income provides a balanced cap rate. Somerton is poised for continued expansion and growth, making this newer, well-maintained property an exceptional investment opportunity. Offered at $840,000, this is your chance to invest in Somerton's future. Contact Ruben Fontanes/Fontanes Real Estate Group for additional information or to schedule a private showing. Call or Text: (928) 580-1731.
    7 days
    75
    3

    Zillow last checked:

    Listing updated:

    Listed by:

    Ruben Fontanes 928-580-1731,

    ERA Matt Fischer Realtor

    Source: YARMLS,MLS#: 20267046MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 12
      • Bathrooms: 6
      • Full bathrooms: 6
      Heating
      • Natural Gas
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Microwave, Refrigerator, Water Heater, Range
      • Laundry: Common Area
      Features
      • Open Floorplan
      • Flooring: Carpet, Tile, Vinyl

      Property

      Parking
      • Parking features: Accessible Parking, Paved
      Features
      • Levels: One
      • Stories: 1
      • Fencing: Back Yard
      Lot
      • Size: 0.32 Acres
      • Features: Back Yard
      Details
      • Parcel number: 75206199
      • Zoning: Multi-Family
      • Zoning description: Multi-Family
      • Other equipment: Satellite Dish

      Construction

      Type & style
      • Home type: MultiFamily
      Materials
      • Stucco
      Condition
      • Year built: 2014

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Available, Sewer Available, Sewer Connected, Water Available, Water Connected, Internet Available

      Community & HOA

      Community
      • Features: Curbs
      Location
      • Region: Somerton

      Financial & listing details

      • Tax assessed value: $596,814
      • Annual tax amount: $5,329
      • Date on market: 10/15/2026
      • Listing terms: Cash,Conventional
      • Total actual rent: 6000
      • Tenant pays: Cable TV, Electricity, Gas, Internet, Insurance, Telephone
      • Electric utility on property: Yes
      • Road surface type: Asphalt

        Estimated market value

        $817,100

        $776,000 - $858,000

        $1,502/mo

        Price history

        DateEventPrice
        10/15/2026Listed for sale$840,000+236%
        Source: YARMLS #20267046 Report a problem
        9/16/2019Sold$250,000+987%
        Source: YARMLS #141043 Report a problem
        2/5/2014Sold$23,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,159 +4.2%$59,681 +7.9%
        2024$4,953 -8.5%$55,292 +29.9%
        2023$5,413 +3.6%$42,573 +1.6%
        2022$5,223 -11%$41,914 +5%
        2021$5,872 +6.4%$39,917 +5%
        2020$5,519 +3.1%$38,017 +5%
        2019$5,352 $36,206 +5%
        2018$5,352 $34,482
        2017$5,352 +8.9%$34,482 +104.2%
        2016$4,915 $16,886
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
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        Climate risks

        Neighborhood: 85350

        Getting around

        74 / 100
        Very Walkable

        Nearby schools

        GreatSchools rating

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