Rare 7-Unit Investment Opportunity in Prime East Phoenix. Fully occupied and located near 40th St & Thomas Rd in the desirable Citrus Acres / Arcadia-adjacent area. This up-and-coming corridor is surrounded by new construction, redevelopment, popular restaurants, shopping, and easy access to Arcadia, Biltmore, and major freeways. The property features clean, well-maintained, low-maintenance units with strong in-place income and future upside. Excellent long-term hold with value-add potential, including possible expansion or redevelopment of the lot (buyer to verify zoning). A solid, income-producing asset in one of Phoenix's most dynamic growth areas. This listing is part of a 21-unit package.
For sale
$1,995,624
3016 N 37 Street, Phoenix, AZ 85018
8beds
7baths
3,450sqft
Multi Family
Built in 1945
-- sqft lot
$-- Zestimate®
$578/sqft
$-- HOA
What's special
Clean well-maintained low-maintenance units
- 209 days |
- 94 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Gregory Yurkovic 602-920-9737,
Platinum Realty Group
Source: ARMLS,MLS#: 6974495
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 7
Heating
- Forced Air
Cooling
- Ceiling Fan(s), Electric
Appliances
- Included: Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave
Features
- Flooring: Tile
Interior area
- Total structure area: 3,450
- Total interior livable area: 3,450 sqft
Video & virtual tour
Property
Parking
- Total spaces: 14
- Parking features: Paved, >1 Space Per Unit
- Covered spaces: 7
- Uncovered spaces: 7
Lot
- Size: 0.3 Acres
- Dimensions: 195' x 67'
Details
- Parcel number: 12722019A
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Painted, Block
- Roof: Composition
Condition
- Year built: 1945
Utilities & green energy
- Electric: APS
- Sewer: Public Sewer
- Water: City Franchise
Community & HOA
Community
- Features: See Remarks
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $578/sqft
- Tax assessed value: $873,200
- Annual tax amount: $2,210
- Date on market: 1/25/2026
- Cumulative days on market: 209 days
- Listing terms: Conventional
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$1,570/mo
Price history
| Date | Event | Price |
|---|---|---|
| 1/26/2026 | Listed for sale | $1,995,624+77.4%$578/sqft |
Source:  ARMLS #6974495 Report a problem | ||
| 2/26/2021 | Sold | $1,125,000-6.3%$326/sqft |
Source: Public Record Report a problem | ||
| 12/2/2020 | Listed for sale | $1,200,000+2439.7%$348/sqft |
Source: ABI Multifamily #6166691 Report a problem | ||
| 10/13/2020 | Sold | $47,250-92.1%$14/sqft |
Source: Public Record Report a problem | ||
| 1/21/2019 | Sold | $600,000-9.8%$174/sqft |
Source: ARMLS #5851074 Report a problem | ||
| 1/3/2019 | Listed for sale | $665,000$193/sqft |
Source: ABI Multifamily #5851074 Report a problem | ||
| 12/29/2018 | Pending sale | $665,000$193/sqft |
Source: ABI Multifamily #5851074 Report a problem | ||
| 11/27/2018 | Listed for sale | $665,000+146.3%$193/sqft |
Source: ABI Multifamily #5851074 Report a problem | ||
| 2/17/2016 | Sold | $270,000-9.8%$78/sqft |
Source: ARMLS #5307634 Report a problem | ||
| 9/24/2015 | Price change | $299,500-4.9%$87/sqft |
Source: Arizona Elite Properties #5307634 Report a problem | ||
| 8/15/2015 | Price change | $315,000-3.1%$91/sqft |
Source: Arizona Elite Properties #5307634 Report a problem | ||
| 7/15/2015 | Listed for sale | $325,000+38.3%$94/sqft |
Source: Arizona Elite Properties #5307634 Report a problem | ||
| 8/2/2013 | Sold | $235,000-9.6%$68/sqft |
Source: Public Record Report a problem | ||
| 5/17/2013 | Listed for sale | $260,000+73.3%$75/sqft |
Source: RE/MAX Alliance Group #4937733 Report a problem | ||
| 4/16/2012 | Sold | $150,000-3.2%$43/sqft |
Source: Public Record Report a problem | ||
| 1/8/2012 | Price change | $155,000+3.3%$45/sqft |
Source: Adam Kipnes Report a problem | ||
| 12/20/2011 | Listed for sale | $150,000+26.1%$43/sqft |
Source: Adam Kipnes Report a problem | ||
| 7/24/2011 | Listing removed | $119,000$34/sqft |
Source: HomeSmart #4606391 Report a problem | ||
| 6/27/2011 | Listed for sale | $119,000+17.8%$34/sqft |
Source: HomeSmart #4606391 Report a problem | ||
| 4/10/2011 | Listing removed | $399 |
Source: Metropolitan Real Estate Report a problem | ||
| 2/26/2011 | Listed for rent | $399 |
Source: Metropolitan Real Estate Report a problem | ||
| 11/29/2010 | Sold | $101,000-71.1%$29/sqft |
Source: Public Record Report a problem | ||
| 10/18/2006 | Sold | $349,000+50.4%$101/sqft |
Source: Public Record Report a problem | ||
| 10/17/2005 | Sold | $232,000$67/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,210 +3.9% | $87,320 -12.1% |
| 2024 | $2,127 +1.2% | $99,320 +569.2% |
| 2023 | $2,103 +4.1% | $14,842 -68.2% |
| 2022 | $2,020 +0.1% | $46,680 +9% |
| 2021 | $2,019 +0.7% | $42,820 +20.1% |
| 2020 | $2,005 +2.1% | $35,660 +21.6% |
| 2019 | $1,964 | $29,330 +11.7% |
| 2018 | $1,964 +4% | $26,250 +19.9% |
| 2017 | $1,888 +11.8% | $21,900 +23.2% |
| 2016 | $1,688 +9.8% | $17,780 +17.5% |
| 2015 | $1,537 | $15,130 +12.4% |
| 2014 | -- | $13,460 +30.4% |
| 2012 | -- | $10,320 -64.9% |
| 2011 | -- | $29,423 -14.8% |
| 2010 | -- | $34,543 +2.8% |
| 2009 | -- | $33,593 +4.9% |
| 2008 | -- | $32,032 +32.6% |
| 2007 | -- | $24,158 +40.5% |
| 2006 | -- | $17,198 |
| 2005 | -- | $17,198 +19% |
| 2004 | -- | $14,447 |
| 2003 | -- | $14,447 +1.8% |
| 2002 | -- | $14,191 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Camelback East
Nearby schools
GreatSchools rating
- 3/10Monte Vista Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 3/10Camelback High SchoolGrades: 9-12Distance: 2 mi
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