For sale

$690,000

2440 E WALTANN Lane, Phoenix, AZ 85032

9beds

5baths

3,270sqft

$4,202/mo

Get pre-qualified

Multi Family

Built in 1982

-- sqft lot

$-- Zestimate^®

$211/sqft

$-- HOA

What's special

This 4-unit property in Phoenix presents a compelling opportunity for the owner-occupant or buy-and-hold investor looking to enter or expand in one of the Valley's most resilient rental markets. The offering features a desirable unit mix of three 2-bedroom residences and one spacious 3-bedroom unit, ideal for the house hacker looking to offset their mortgage while building long-term equity. The property is move-in ready with meaningful updates already in place, allowing an investor to step in with confidence while still having a clear runway to add value through strategic improvements and rental rate optimization.

99 days
208
23

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 5

Heating

Central

Cooling

Central Air

Appliances

Included: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave

Features

Flooring: Tile, Vinyl

Interior area

Total structure area: 3,270
Total interior livable area: 3,270 sqft

Property

Parking

Total spaces: 7
Parking features: >1 Space Per Unit, Carport
Has carport: Yes
Covered spaces: 4
Uncovered spaces: 3

Details

Parcel number: 21440193
Zoning: R-3

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Frame, Painted, Stucco
Roof: Composition,Tile

Condition

Year built: 1982

Utilities & green energy

Electric: APS
Sewer: Public Sewer
Water: City Franchise

Community & HOA

Community

Features: No Pool
Subdivision: GREENLEY PLACE

Location

Region: Phoenix

Financial & listing details

Price per square foot: $211/sqft
Tax assessed value: $425,100
Annual tax amount: $1,479
Date on market: 5/23/2026
Cumulative days on market: 99 days
Listing terms: Conventional,1031 Exchange,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
8/10/2026	Listed for sale	$690,000-6.6%$211/sqft
Source: ARMLS #7064823 Report a problem
7/10/2026	Listing removed	$739,000$226/sqft
Source: ARMLS #7017582 Report a problem
4/22/2026	Listed for sale	$739,000+138.4%$226/sqft
Source: ARMLS #7017582 Report a problem
8/13/2018	Sold	$310,000-1.6%$95/sqft
Source: ARMLS #5760912 Report a problem
5/29/2018	Price change	$315,000-4.5%$96/sqft
Source: Encore Realty #5760912 Report a problem
5/3/2018	Listed for sale	$330,000+235%$101/sqft
Source: Encore Realty #5760912 Report a problem
5/24/1995	Sold	$98,500$30/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,452 +2.6%	$42,510 -18.8%
2024	$1,415 +2.1%	$52,370 +299%
2023	$1,387 -0.7%	$13,125 -54.2%
2022	$1,396 +2.9%	$28,670 +5.9%
2021	$1,357 -0.1%	$27,060 +14.1%
2020	$1,359 +3.4%	$23,720 +22.5%
2019	$1,314	$19,370 +4.3%
2018	$1,314 +4.3%	$18,580 +12.2%
2017	$1,260 +9.8%	$16,560 +15.4%
2016	$1,147 -4.8%	$14,350 +18.5%
2015	$1,205	$12,110 +0.7%
2014	--	$12,030 +65.5%
2013	--	$7,270 -1.2%
2012	--	$7,360 -20.5%
2011	--	$9,260 -44.7%
2010	--	$16,760 -39.7%
2009	--	$27,810 -11.9%
2008	--	$31,580 +6.5%
2007	--	$29,650 +76.5%
2006	--	$16,800
2005	--	$16,800 +24.9%
2004	--	$13,450
2003	--	$13,450 +35.2%
2002	--	$9,950