Skip main navigation
Off market
  • Tax assessed value
    $326,200

    2559 E Corona Ave, Phoenix, AZ 85040

    6beds
    2,250sqft
    MultiFamily
    Built in 1963
    -- sqft lot
    $-- Zestimate®
    $145/sqft
    $1,762 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,762/mo

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    $1,762/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $1,762/mo

    Rent Zestimate®

    Refinance and save

    $2,032/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $2,032/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    Four freestanding residential buildingsGas rangeRange hoodPerimeter fencingGas water heaterWasher connections

    Rare Phoenix Multi-Family Investment Portfolio Package Price: $2,980,000 Four adjacent multi-family buildings located at 2549, 2551, 2557 & 2559 E Corona Ave, Phoenix, AZ 85040. THIS IS A PORTFOLIO SALE. All four properties are being offered together as one investment package and will not be sold separately. The equivalent purchase price is approximately $745,000 per building. Located in the rapidly expanding Phoenix Airport Economic Corridor, this exceptional investment portfolio consists of four freestanding residential buildings totaling twelve rental units situated on approximately 30,024 square feet of land with approximately 9,180 square feet of building area. All twelve units feature efficient two-bedroom, one-bathroom floor plans that continue to experience strong rental demand in one of Phoenix's fastest-growing employment corridors. The property is ideally positioned near Phoenix Sky Harbor International Airport, Interstate 10, Downtown Phoenix, Arizona State University, major distribution centers, manufacturing facilities, and numerous logistics employers. Continued population growth, expanding employment opportunities, and ongoing infrastructure investment continue to support strong occupancy, increasing rental demand, and long-term property appreciation throughout the area. Each unit includes a refrigerator, gas range, range hood, gas water heater, and washer connections. Separate electric and gas meters allow tenants to pay their own utilities, helping reduce operating expenses while improving overall management efficiency. The property also provides perimeter fencing and dedicated parking with two parking spaces assigned to each unit. This investment offers the unique combination of stable rental income and significant long-term land value. Investors benefit from immediate cash flow while also owning a sizeable land parcel with future redevelopment potential in one of the most active growth markets in Arizona. As available development sites continue to become increasingly limited, well-located multifamily properties with substantial land holdings are expected to remain highly desirable. Whether you are seeking long-term cash flow, portfolio expansion, a 1031 Exchange investment, or future redevelopment opportunities, this rare portfolio provides multiple avenues for value creation and long-term appreciation. Investment Highlights: Four Freestanding Buildings, Twelve Residential Rental Units, Portfolio Sale Only, Total Purchase Price of $2,980,000, Approximately $745,000 Per Building, Prime Phoenix Airport Location, Strong Rental Demand, Stable Income-Producing Asset, Future Redevelopment Potential, Excellent Opportunity for 1031 Exchange Investors. Showings are by appointment only. Please do not disturb tenants or enter the property without prior authorization.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Heat pump
    Appliances
    • Included: Range / Oven, Refrigerator
    Features
    • Flooring: Tile
    • Basement: Unfinished
    Interior area
    • Total interior livable area: 2,250 sqft

    Property

    Features
    • Exterior features: Stucco
    Lot
    • Size: 7,343 Square Feet
    Details
    • Parcel number: 12257040A

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • concrete
    • Roof: Built-up
    Condition
    • Year built: 1963

    Community & HOA

    Location
    • Region: Phoenix

    Financial & listing details

    • Price per square foot: $145/sqft
    • Tax assessed value: $326,200
    • Annual tax amount: $541

    Price history

    DateEventPrice
    9/30/2026Listing removed--
    Source: Owner Report a problem
    7/2/2026Listed for sale$745,000$331/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$541 +2.7%$32,620 -3.1%
    2024$527 +2.9%$33,656 +933%
    2023$513 +2%$3,258 -80.8%
    2022$502 -0.8%$16,970 +18.3%
    2021$506 +3.3%$14,340 +46.3%
    2020$490 +2.7%$9,802
    2019$477 $9,802 +6.4%
    2018$477 +4.9%$9,210 +68.7%
    2017$454 +11.7%$5,460 +11.7%
    2016$407 -3.5%$4,890 +17.3%
    2015$421 $4,170 +43.3%
    2014-- $2,910 +59%
    2013-- $1,830 -9.9%
    2012-- $2,030 -27.5%
    2011-- $2,800 -57.8%
    2010-- $6,640 -40.7%
    2009-- $11,190 +2.7%
    2008-- $10,900 +109.6%
    2004-- $5,200
    2003-- $5,200 +16.9%
    2002-- $4,450
    Find assessor info on the county website

    Neighborhood: South Mountain

    Nearby schools

    GreatSchools rating
    Get pre-qualified for a loan
    At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.

    An equal housing lender. NMLS #10287.