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.
Active
$840,000
227 W Cano St, Somerton, AZ 85350
12beds
--sqft
MultiFamily
Built in 2014
-- sqft lot
$817,100 Zestimate®
$--/sqft
$-- HOA
What's special
Dedicated parkingOne bathroomPrivate backyardsOn-site laundry facilitiesEach offering two bedrooms
- 7 days
- 75
- 3
Zillow last checked:
Listing updated:
Listed by:
Ruben Fontanes 928-580-1731,
ERA Matt Fischer Realtor
Source: YARMLS,MLS#: 20267046
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
| Date | Event | Price |
|---|---|---|
| 10/15/2026 | Listed for sale | $840,000+236% |
Source: | ||
| 9/16/2019 | Sold | $250,000+987% |
Source: | ||
| 2/5/2014 | Sold | $23,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
