Skip main navigation
Pending
  • Price cut: $44K (10/19)
    $405,000

    344 N State Ave, Somerton, AZ 85350

    5beds
    550sqft
    : 
    $2,566/mo
    Get pre-qualified
    Triplex
    Built in 2016
    -- sqft lot
    $400,600 Zestimate®
    $736/sqft
    $-- HOA

    What's special

    Three two-bedroom one-bathroom residencesDedicated on-site laundry room
    EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY | 344 N. State Avenue| SOMERTON, ARIZONA Exceptional opportunity to acquire a three-unit multifamily investment property in the growing community of Somerton, Arizona! This triplex features three two-bedroom, one-bathroom residences, offering investors an attractive opportunity for rental income and long-term appreciation potential. Each unit is individually metered, providing greater flexibility in utility management and helping investors manage operating expenses. The property also features a dedicated on-site laundry room that can serve the entire complex, offering additional convenience for residents. With rental rates ranging from $950 to $1,100 per month per unit, this property offers potential gross rental income of $2,850 to $3,300 monthly, or $34,200 to $39,600 annually, assuming full occupancy at those rates. Situated in Somerton, a community with opportunities for continued residential and commercial expansion, this property presents an attractive investment opportunity in an evolving market. Whether you're expanding an existing investment portfolio or purchasing your first multifamily property, this triplex offers income potential, individually metered units, and the added convenience of an on-site laundry facility. THREE UNITS. INDIVIDUALLY METERED. STRONG RENTAL POTENTIAL. An excellent opportunity to invest in income-producing real estate and build long-term generational wealth. Contact Ruben Fontanes | Fontanes Real Estate Group for additional information or to schedule a private showing. Call or Text: (928) 580-1731
    28 days
    206
    8

    Zillow last checked:

    Listing updated:

    Listed by:

    Ruben Fontanes 928-580-1731,

    ERA Matt Fischer Realtor

    Source: YARMLS,MLS#: 20267052MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      Cooling
      • Central Air
      Appliances
      • Included: Microwave, Refrigerator, Range
      • Laundry: Common Area, Laundry Room, Outside
      Features
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 550
      • Total interior livable area: 550 sqft

      Property

      Parking
      • Parking features: Accessible Parking, On Street, Paved, Parking Pad
      Features
      • Levels: One
      • Stories: 1
      • Fencing: Back Yard
      Lot
      • Size: 6,499 Square Feet
      • Features: City Lot
      Details
      • Parcel number: 74362015
      • Zoning: Multi-Family
      • Zoning description: Multi-Family

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex
      Materials
      • Frame, Stucco
      • Roof: Shake,Shingle,Pitched
      Condition
      • Year built: 2016

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Available, Electricity Connected, Sewer Available, Water Available

      Community & HOA

      Community
      • Features: Curbs, Street Lights, Sidewalks
      Location
      • Region: Somerton

      Financial & listing details

      • Price per square foot: $736/sqft
      • Tax assessed value: $257,943
      • Annual tax amount: $2,082
      • Date on market: 10/15/2026
      • Listing terms: Cash,Conventional,See Remarks
      • Tenant pays: Cable TV
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        $400,600

        $381,000 - $421,000

        $859/mo

        Price history

        DateEventPrice
        10/29/2026Pending sale$405,000$736/sqft
        Source: YARMLS #20267052 Report a problem
        10/19/2026Price change$405,000-9.8%$736/sqft
        Source: YARMLS #20267052 Report a problem
        10/15/2026Listed for sale$449,000+79.6%$816/sqft
        Source: YARMLS #20267052 Report a problem
        9/16/2019Sold$250,000-72.5%$455/sqft
        Source: YARMLS #141042 Report a problem
        4/30/2018Sold$910,000+333.3%$1,655/sqft
        Source: YARMLS #133999 Report a problem
        1/19/2018Listed for sale$210,000+1066.7%$382/sqft
        Source: ERA Matt Fischer Realtor #132223 Report a problem
        10/30/2015Sold$18,000$33/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,016 +4.2%$25,794 +1.9%
        2024$1,935 -5.4%$25,303 +52.1%
        2023$2,046 +3.6%$16,633 +5%
        2022$1,974 -11%$15,841 +5%
        2021$2,219 +6.4%$15,087 +5%
        2020$2,086 +3.1%$14,369 +5%
        2019$2,023 $13,684 +5%
        2018$2,023 $13,033
        2017$2,023 +987.4%$13,033 +684.2%
        2016$186 $1,662 +5%
        2015-- $1,583 -17.2%
        2014$243 $1,912 -63.1%
        2013-- $5,185 -2.6%
        2012-- $5,321
        2011-- --
        2010-- --
        2009$134 --
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 85350

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts