Sold for $1,150,000

$1,150,000

345 W Johnson Ave, Colorado City, AZ 86021

19beds

16baths

13,000sqft

Multi Family

Built in 1987

-- sqft lot

$1,153,700 Zestimate^®

$88/sqft

$1,463 Estimated rent

Home value

$1,153,700

$1.04M - $1.28M

$1,463/mo

Zestimate^® history

Owner options

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$1,463/mo

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$1,463/mo

Rent Zestimate^®

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$5,255/mo

Est. payment

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$5,255/mo

Est. payment

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What's special

Investor alert! This 7-unit multifamily property has 19 bedrooms and 16.5 bathrooms, and sits on a nearly 1-acre lot. (0.94 acres) It generates $10, 000/month in cash flow with all units fully leased. The property was recently remodeled and each unit has its own outdoor entry. Some of the recent remodel includes the basement being completely finished, high end tile, lvp flooring and carpet throughout, as well as updated appliances and granite countertops. It is well-maintained, professionally managed, and located in a strong rental market. Spacious units, ample parking, and stable tenants make this a low-maintenance, high-yield asset. Great opportunity to step into consistent cash flow with upside potential. Showings available by appointment only and need 24-48 hours notice. Please do not disturb tenants.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 19
Bathrooms: 16

Heating

Electric, Wood Burn. Stove

Cooling

Central Air, Electric, Wall Unit, Other AC

Appliances

Included: Dishwasher, Garbage Disposal, Microwave, Refrigerator, Water Heater, Water Softener, Oven/Range, Oven/Range- Electric
Laundry: Washer & Dryer

Features

Ceiling Fans
Flooring: Carpet, Laminate, Tile
Has fireplace: Yes
Fireplace features: Wood, Wood Burning Stove

Interior area

Total interior livable area: 13,000 sqft

Property

Features

Patio & porch: Deck(s) Uncovered, Patio-Covered
Exterior features: Curb & Gutter, Landscape- Partial, Sidewalks
Fencing: Partial
Has view: Yes
View description: View of Mountains

Lot

Size: 0.94 Acres
Residential vegetation: Wooded

Details

Parcel number: 40453392
Zoning description: Residential

Construction

Type & style

Home type: MultiFamily
Architectural style: Split-Level, 2 story + basement
Property subtype: Multi Family

Materials

Frame, Stucco
Foundation: Slab
Roof: Shingle

Condition

Year built: 1987

Utilities & green energy

Water: Public
Utilities for property: Natural Gas Connected, Sewer Connected, Electricity Available

Community & HOA

Community

Subdivision: Short Creek

HOA

Has HOA: No

Location

Region: Colorado City

Financial & listing details

Price per square foot: $88/sqft
Tax assessed value: $727,273
Annual tax amount: $3,393
Date on market: 12/23/2025
Cumulative days on market: 205 days

Price history

Date	Event	Price
5/4/2026	Sold	$1,150,000-8%$88/sqft
Source: Public Record Report a problem
2/10/2026	Pending sale	$1,250,000$96/sqft
Source: Fredonia AOR #1501059 Report a problem
10/8/2025	Listed for sale	$1,250,000+4.2%$96/sqft
Source: Fredonia AOR #1501059 Report a problem
11/6/2024	Listing removed	$1,200,000$92/sqft
Source: Fredonia AOR #1500832 Report a problem
7/16/2024	Price change	$1,200,000-4%$92/sqft
Source: Fredonia AOR #1500832 Report a problem
1/5/2024	Price change	$1,250,000-9.1%$96/sqft
Source: Fredonia AOR #1500832 Report a problem
7/19/2023	Listed for sale	$1,375,000$106/sqft
Source: Fredonia AOR #1500832 Report a problem
7/1/2023	Listing removed	--
Source: Fredonia AOR #1500832 Report a problem
12/11/2022	Listed for sale	$1,375,000+1082.2%$106/sqft
Source: Fredonia AOR #1500832 Report a problem
11/18/2020	Sold	$116,309$9/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	$3,393 +3.4%	$72,727 +24.9%
2025	$3,282 +5.1%	$58,249 -20.6%
2024	$3,122 +14.9%	$73,401 +37.8%
2023	$2,717 +12.9%	$53,252 -20.1%
2022	$2,407 +1.9%	$66,641 +14.2%
2021	$2,363 +32.5%	$58,332 +134.2%
2019	$1,783	$24,909