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
Pending
Price cut: $44K (10/19)
$405,000
344 N State Ave, Somerton, AZ 85350
5beds
550sqft
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
- 28 days
- 206
- 8
Zillow last checked:
Listing updated:
Listed by:
Ruben Fontanes 928-580-1731,
ERA Matt Fischer Realtor
Source: YARMLS,MLS#: 20267052
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
| Date | Event | Price |
|---|---|---|
| 10/29/2026 | Pending sale | $405,000$736/sqft |
Source: | ||
| 10/19/2026 | Price change | $405,000-9.8%$736/sqft |
Source: | ||
| 10/15/2026 | Listed for sale | $449,000+79.6%$816/sqft |
Source: | ||
| 9/16/2019 | Sold | $250,000-72.5%$455/sqft |
Source: | ||
| 4/30/2018 | Sold | $910,000+333.3%$1,655/sqft |
Source: | ||
| 1/19/2018 | Listed for sale | $210,000+1066.7%$382/sqft |
Source: ERA Matt Fischer Realtor #132223 Report a problem | ||
| 10/30/2015 | Sold | $18,000$33/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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






