Seven-unit townhome portfolio in Encanto Village, one of Midtown Phoenix's most sought-after neighborhoods. Within 10 minutes of major employers, dining, nightlife, professional sports, I-10, SR-51, and SR-202, five major hospitals, and 20 minutes from Sky Harbor. Built in 2021, each 1,779 SF townhome offers 3 bedrooms and 2.5 baths over two levels, with private courtyards, high-end finishes, and two flex areas for work/play. Currently operated as rentals with in-place rents below market, offering meaningful upside in one of the nation's strongest job markets. Each home is individually parceled, allowing an investor to hold the portfolio for income today and later sell units individually at retail. A rare central-Phoenix asset pairing for-sale-quality product with two distinct value paths.
For sale
Price cut: $1M (9/16)
$3,495,000
4020 N 12TH Street, Phoenix, AZ 85014
21beds
14baths
12,453sqft
Multi Family
Built in 2021
-- sqft lot
$-- Zestimate®
$281/sqft
$-- HOA
What's special
- 81 days
- 257
- 29
Zillow last checked:
Listing updated:
Listed by:
Miki Nakajima 928-777-3225,
HANABEE
Source: ARMLS,MLS#: 7057128
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 21
- Bathrooms: 14
Heating
- Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Features
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 12,453
- Total interior livable area: 12,453 sqft
Property
Parking
- Total spaces: 21
- Parking features: Paved, Add'l Parking Avail, >1 Space Per Unit
- Covered spaces: 14
- Uncovered spaces: 7
Features
- Exterior features: Sidewalk(s)
Lot
- Size: 0.28 Acres
- Dimensions: 82.17'' x 150.28'
Details
- Parcel number: 11803059
- Zoning: R-4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Stucco
- Roof: Built-Up
Condition
- Year built: 2021
Utilities & green energy
- Electric: APS, Individual Meter
- Sewer: Public Sewer
- Water: Individual Meter
Community & HOA
Community
- Features: No Pool
- Subdivision: MOLI GARDENS
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $281/sqft
- Tax assessed value: $373,500
- Annual tax amount: $3,117
- Date on market: 7/21/2026
- Cumulative days on market: 80 days
- Listing terms: Cash to Loan,Cash,Conventional,1031 Exchange
- 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
| Date | Event | Price |
|---|---|---|
| 9/16/2026 | Price change | $3,495,000-22.2%$281/sqft |
Source:  ARMLS #7057128 Report a problem | ||
| 7/22/2026 | Listed for sale | $4,495,000$361/sqft |
Source: ARMLS #7057128 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,117 +3.5% | $37,350 +0.8% |
| 2024 | $3,012 +3.5% | $37,050 +70.2% |
| 2023 | $2,910 +0.6% | $21,773 -29.7% |
| 2022 | $2,894 +429% | $30,950 +481.2% |
| 2021 | $547 | $5,325 |
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.Climate risks
Neighborhood: Encanto
Nearby schools
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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