For sale

Price cut: $10K (10/22)

$640,000

338 N 1ST Street, Avondale, AZ 85323

4beds

4baths

2,000sqft

$4,070/mo

Get pre-qualified

Multi Family

Built in 1940

-- sqft lot

$-- Zestimate^®

$320/sqft

$-- HOA

What's special

Generous lot

Rare investment opportunity in the heart of Central Avondale! This fourplex features four 1-bedroom, 1-bathroom units, each offering just over 500 square feet of living space. Situated on a generous lot, the property presents exceptional potential for investors, developers, or owner-occupants looking to build equity. Constructed with a combination of wood frame and finished with classic stucco, this income-producing property is conveniently located near Central Avenue with easy access to shopping, dining, schools, and major commuter routes. Whether you're looking to renovate, reposition, or expand your investment portfolio, this centrally located fourplex offers endless possibilities in a rapidly growing area.

83 days
234
13

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4

Heating

None

Cooling

None

Appliances

Included: None

Features

Flooring: Other

Interior area

Total structure area: 2,000
Total interior livable area: 2,000 sqft

Property

Parking

Total spaces: 4
Parking features: 1 Space/Unit, On Street
Uncovered spaces: 4

Lot

Size: 6,060 Square Feet
Dimensions: 101 x 60

Details

Parcel number: 50018033
Zoning: R1-6

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Frame, Stucco, Adobe
Roof: Composition

Condition

Year built: 1940

Utilities & green energy

Electric: APS, Individual Meter
Sewer: Public Sewer
Water: City Franchise

Community & HOA

Community

Features: Barbecue, No Pool

Location

Region: Avondale

Financial & listing details

Price per square foot: $320/sqft
Tax assessed value: $303,300
Annual tax amount: $516
Date on market: 7/31/2026
Cumulative days on market: 84 days
Listing terms: Other (See Remarks)
Ownership: Fee Simple
Electric utility on property: Yes
Road surface type: Gravel

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/22/2026	Price change	$640,000-1.5%$320/sqft
Source: ARMLS #7061053 Report a problem
10/5/2026	Price change	$650,000-3.7%$325/sqft
Source: eXp Realty #7061053 Report a problem
9/22/2026	Price change	$675,000-0.7%$338/sqft
Source: ARMLS #7061053 Report a problem
9/9/2026	Price change	$680,000-2.9%$340/sqft
Source: eXp Realty #7061053 Report a problem
9/1/2026	Price change	$699,999-1.4%$350/sqft
Source: ARMLS #7061053 Report a problem
8/26/2026	Price change	$710,000-2.1%$355/sqft
Source: ARMLS #7061053 Report a problem
7/31/2026	Listed for sale	$725,000+262.5%$363/sqft
Source: ARMLS #7061053 Report a problem
2/29/2024	Sold	$200,000-27.2%$100/sqft
Source: Public Record Report a problem
4/20/2021	Sold	$274,900$137/sqft
Source: ARMLS #6208528 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$508 +7.6%	$30,330 -0.3%
2024	$472 +0.8%	$30,410 +630.8%
2023	$468 +2.2%	$4,161 -72.7%
2022	$458 -2.2%	$15,250 +24.9%
2021	$468 +0.6%	$12,210 +33.9%
2020	$465 -0.4%	$9,120 +3.6%
2019	$467	$8,800 +26.3%
2018	$467 +2.5%	$6,970 +22.3%
2017	$456 +5.4%	$5,700 +6.5%
2016	$432 -11.7%	$5,350 +5.7%
2015	$490	$5,060 +33.2%
2014	--	$3,800 +64.5%
2013	--	$2,310 -17.5%
2012	--	$2,800 -54.2%
2011	--	$6,120 -22.3%
2010	--	$7,880 -36.8%
2009	--	$12,460
2008	--	$12,460 +25.2%
2007	--	$9,950 +43.2%
2006	--	$6,950
2005	--	$6,950 +13%
2004	--	$6,150
2003	--	$6,150 +50%
2002	--	$4,100