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For sale
    • Price cut: $5K (6/15)
    $994,999

    3422 N 12TH Place, Phoenix, AZ 85014

    8beds
    8baths
    3,896sqft
    : 
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    Multi Family
    Built in 1983
    -- sqft lot
    $-- Zestimate®
    $255/sqft
    $-- HOA

    What's special

    Four well-maintained units
    Huge opportunity to own a 4-plex investment property in a prime location! Situated in the rapidly growing and highly desirable central Phoenix area near the Downtown, Midtown, and Encanto Corridors, this is an exceptional opportunity for long-term wealth creation and strong rental demand. With no HOA fees, operating costs stay lower and returns stronger. The property features four well-maintained units, each offering 974 sq ft with 2 bedrooms and 2 bathrooms. One unit has been recently remodeled, with another currently undergoing renovations. Two units are currently leased below market rents, while two units are vacant during the remodel process, creating immediate upside potential. Strong value-add opportunity with projected rents of $1,450-$1,700 per month based on nearby comparable properties. Centrally located property just minutes from downtown phoenix with convenient freeway access and strong rental potential. Situated in an established neighborhood with a mix of resident and investment properties.
    66 days
    |
    230
    |
    19
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Sarah Triana 623-826-0980,

    Howe Realty,

    Brandon Howe 602-909-6513,

    Howe Realty

    Source: ARMLS,MLS#: 7020709MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 8
      Heating
      • Individual, Central, Electric
      Cooling
      • Central Air, Electric, Individual
      Appliances
      • Included: Built-In Range, Free-Standing Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer
      • Laundry: W/D Hookup
      Features
      • Flooring: Ceramic Tile
      Interior area
      • Total structure area: 3,896
      • Total interior livable area: 3,896 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Paved, Carport
      • Has carport: Yes
      • Covered spaces: 2
      • Uncovered spaces: 2
      Lot
      • Size: 7,608 Square Feet
      • Dimensions: 60 x 126.8
      Details
      • Parcel number: 11808137
      • Zoning: R-4

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Wood Frame, Stucco
      • Roof: Built-Up
      Condition
      • Year built: 1983

      Utilities & green energy

      • Electric: APS, Underground, Individual Meter
      • Sewer: Public Sewer
      • Water: Master Meter, City Franchise
      • Utilities for property: Sewer Connected

      Community & HOA

      Community
      • Features: Other, No Pool
      • Subdivision: STEPHENSON SUBDIVISION
      Location
      • Region: Phoenix

      Financial & listing details

      • Price per square foot: $255/sqft
      • Tax assessed value: $862,800
      • Annual tax amount: $3,188
      • Date on market: 4/29/2026
      • Cumulative days on market: 67 days
      • Listing terms: Conventional,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

        Not available

        Price history

        DateEventPrice
        6/15/2026Price change$994,999-0.5%$255/sqft
        Source: ARMLS #7020709 Report a problem
        5/4/2026Price change$999,999-9%$257/sqft
        Source: ARMLS #7020709 Report a problem
        4/29/2026Listed for sale$1,099,000+3.2%$282/sqft
        Source: ARMLS #7020709 Report a problem
        3/2/2026Listing removed$1,065,000$273/sqft
        Source: ARMLS #6761204 Report a problem
        2/6/2026Price change$1,065,000-4.5%$273/sqft
        Source: ARMLS #6761204 Report a problem
        1/2/2026Price change$1,115,000-0.9%$286/sqft
        Source: ARMLS #6761204 Report a problem
        11/26/2025Price change$1,125,000-0.9%$289/sqft
        Source: ARMLS #6761204 Report a problem
        10/14/2025Price change$1,135,000-0.4%$291/sqft
        Source: ARMLS #6761204 Report a problem
        7/31/2025Listed for sale$1,140,000$293/sqft
        Source: ARMLS #6761204 Report a problem
        7/28/2025Pending sale$1,140,000$293/sqft
        Source: ARMLS #6761204 Report a problem
        6/2/2025Price change$1,140,000-0.9%$293/sqft
        Source: ARMLS #6761204 Report a problem
        2/14/2025Price change$1,150,000-1.7%$295/sqft
        Source: ARMLS #6761204 Report a problem
        1/27/2025Price change$1,170,000-0.8%$300/sqft
        Source: ARMLS #6761204 Report a problem
        11/8/2024Price change$1,180,000-1.7%$303/sqft
        Source: ARMLS #6761204 Report a problem
        10/1/2024Listed for sale$1,200,000+258.2%$308/sqft
        Source: ARMLS #6761204 Report a problem
        4/7/2016Listing removed$335,000+8.8%$86/sqft
        Source: CENTURY 21 Platinum Real Estate #5393763 Report a problem
        4/6/2016Sold$308,000+38.7%$79/sqft
        Source: ARMLS #5393763 Report a problem
        9/28/2010Sold$222,000-5%$57/sqft
        Source: ARMLS #4394024 Report a problem
        7/6/2010Price change$233,700-5.3%$60/sqft
        Source: HomeSmart #4394024 Report a problem
        6/3/2010Price change$246,800-6.8%$63/sqft
        Source: HomeSmart #4394024 Report a problem
        5/22/2010Listed for sale$264,700+126.6%$68/sqft
        Source: HomeSmart #4394024 Report a problem
        2/16/2010Sold$116,800-60.4%$30/sqft
        Source: Public Record Report a problem
        12/9/2008Listing removed$295,000$76/sqft
        Source: Point2 #3020781 Report a problem
        8/6/2008Price change$295,000-4.8%$76/sqft
        Source: Point2 #3020781 Report a problem
        7/11/2008Listed for sale$310,000-25.3%$80/sqft
        Source: Point2 #3020781 Report a problem
        10/31/2005Sold$415,000+40.7%$107/sqft
        Source: Public Record Report a problem
        2/13/2004Sold$295,000+61.2%$76/sqft
        Source: Public Record Report a problem
        10/9/1998Sold$183,000$47/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,188 +3.5%$86,280 -17%
        2024$3,080 +3.5%$103,930 +366.8%
        2023$2,976 +0.6%$22,266 -61.2%
        2022$2,959 +0.9%$57,350 +20.9%
        2021$2,933 +4.5%$47,420 +18.1%
        2020$2,806 +3.4%$40,160 +11.1%
        2019$2,713 $36,160 +14.1%
        2018$2,713 +8.9%$31,680 -24.8%
        2017$2,491 +11.5%$42,110 +13.9%
        2016$2,234 -8.7%$36,960 +17.8%
        2015$2,447 $31,370 +27.3%
        2014-- $24,650 +125.7%
        2013-- $10,920 +7%
        2012-- $10,210 -19.2%
        2011-- $12,630 -36.4%
        2010-- $19,870 -50.2%
        2009-- $39,920 -0.5%
        2008-- $40,120 +17%
        2007-- $34,300 +64.5%
        2006-- $20,850
        2005-- $20,850 -0.2%
        2004-- $20,900
        2003-- $20,900 +29.4%
        2002-- $16,150

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Encanto

        Getting around

        59 / 100
        Somewhat Walkable
        48 / 100
        Some Transit
        54 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Longview Elementary School
        • Middle: Osborn Middle School
        • High: North High School
        • District: Osborn Elementary District

        Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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