Prime Investment Opportunity - Dual Residences on Nearly Half an Acre!
4014 S 3rd Ave offers two detached single-family homes, each featuring 2 bedrooms and 1 bathroom, situated on a spacious R-3 (Multi-Family) zoned lot just under 0.5 acres. This unique setup provides flexibility for rental income, redevelopment, or future expansion.
Ideally located near I-17, Downtown Phoenix, and the Central Ave light rail extension, the property boasts excellent accessibility and strong tenant appeal.
For investors looking to scale, the adjacent 22-unit multifamily property (313 W Jones Ave & 4012 S 3rd Ave) is also available—offering the rare chance to acquire a 24-unit portfolio in a high-demand rental market.
Sold for $170,000
$170,000
4014 S 3RD Avenue, Phoenix, AZ 85041
4beds
2baths
--sqft
Multi Family
Built in 1946
-- sqft lot
$280,700 Zestimate®
$--/sqft
$1,492 Estimated rent
Home value
$280,700
$219,000 - $351,000
$1,492/mo
Zestimate® history
Owner options
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$1,492/mo
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$985/mo
Est. payment
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Joseph P Mahoney 480-433-5792,
JM Realty
Bought with:
Joseph P Mahoney, BR561411000
JM Realty
Source: ARMLS,MLS#: 6852634
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Electric
Cooling
- See Remarks
Appliances
- Included: See Remarks
Features
- Flooring: Concrete
Property
Parking
- Total spaces: 6
- Parking features: RV Access/Parking, Paved, Assigned
- Uncovered spaces: 6
Lot
- Size: 0.48 Acres
- Dimensions: 54.20 x 388.84
Details
- Parcel number: 11304024
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Painted, Stucco, Block
- Roof: Composition
Condition
- Year built: 1946
Utilities & green energy
- Electric: SRP
- Sewer: Public Sewer
- Water: City Franchise
Community & neighborhood
Community
- Community features: No Pool
Location
- Region: Phoenix
- Subdivision: SOUTHGATE PARK
Other
Other facts
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 3/11/2026 | Listing removed | $1,100 |
Source: Zillow Rentals Report a problem | ||
| 3/7/2026 | Listed for rent | $1,100 |
Source: Zillow Rentals Report a problem | ||
| 6/23/2025 | Sold | $170,000+0.1% |
Source:  ARMLS #6852634 Report a problem | ||
| 4/30/2025 | Pending sale | $169,900 |
Source: ARMLS #6852634 Report a problem | ||
| 4/16/2025 | Listed for sale | $169,900-21% |
Source: ARMLS #6852634 Report a problem | ||
| 12/13/2024 | Listing removed | $215,000 |
Source: ARMLS #6766579 Report a problem | ||
| 10/4/2024 | Listed for sale | $215,000 |
Source: ARMLS #6766579 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $618 +2.6% | $23,270 +0.8% |
| 2024 | $602 +2.9% | $23,080 +520.4% |
| 2023 | $585 +2% | $3,720 -70% |
| 2022 | $574 -0.8% | $12,420 +15.3% |
| 2021 | $578 +3.3% | $10,770 +19.5% |
| 2020 | $559 +2.8% | $9,010 +16.1% |
| 2019 | $544 | $7,760 +18.1% |
| 2018 | $544 +4.9% | $6,570 +25.1% |
| 2017 | $519 +11.7% | $5,250 +15.9% |
| 2016 | $464 +2.7% | $4,530 +23.8% |
| 2015 | $452 | $3,660 +30.2% |
| 2014 | -- | $2,810 +28.9% |
| 2013 | -- | $2,180 -9.2% |
| 2012 | -- | $2,400 -51.5% |
| 2011 | -- | $4,950 -36.9% |
| 2010 | -- | $7,850 -38.5% |
| 2009 | -- | $12,760 -15.2% |
| 2008 | -- | $15,050 +40% |
| 2007 | -- | $10,750 +54.7% |
| 2006 | -- | $6,950 |
| 2005 | -- | $6,950 +27.5% |
| 2004 | -- | $5,450 |
| 2003 | -- | $5,450 +62.7% |
| 2002 | -- | $3,350 |
Find assessor info on the county website
Neighborhood: South Mountain
Nearby schools
GreatSchools rating
- 9/10Cesar E Chavez Community SchoolGrades: PK-8Distance: 0.6 mi
- 3/10Cesar Chavez High SchoolGrades: 9-12Distance: 4.6 mi
Schools provided by the listing agent
- District: Roosevelt 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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Estimated market value
$280,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$280,700
- Arizona
- Maricopa County
- Phoenix
- 85041
- South Mountain
- 4014 S 3RD Avenue
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