Amazing investment opportunity to own this brand-new duplex! Perfect for a first-time homebuyer looking to house hack or an investor seeking a low-maintenance property with a desirable unit mix, luxury finishes, and strong cash flow potential. Each unit features 3 bedrooms and 2 bathrooms with high-end finishes throughout, including stainless steel appliances, luxury vinyl flooring, quartz countertops in the kitchens and bathrooms, and brand-new stackable washer/dryers. Each unit also includes a covered parking space, with additional guest parking available. A turfed common area between the buildings provides a great space for pets and outdoor enjoyment.
For sale
Price cut: $70K (9/2)
$525,000
4037 S 12th Street, Phoenix, AZ 85040
6beds
4baths
2,052sqft
Multi Family
Built in 2025
-- sqft lot
$-- Zestimate®
$256/sqft
$-- HOA
What's special
Covered parking spaceHigh-end finishes throughoutAdditional guest parking availableLuxury vinyl flooringStainless steel appliances
- 45 days
- 794
- 113
Zillow last checked:
Listing updated:
Listed by:
Zachary Coty 602-516-4767,
Compass
Source: ARMLS,MLS#: 7071032
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Washer/Dryer
Features
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 2,052
- Total interior livable area: 2,052 sqft
Property
Parking
- Total spaces: 6
- Parking features: Add'l Parking Avail, >1 Space Per Unit
- Covered spaces: 2
- Uncovered spaces: 4
Lot
- Size: 989 Square Feet
- Dimensions: 989
Details
- Parcel number: 11325067
- Zoning: R-4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Painted, Stucco
- Roof: Composition
Condition
- Year built: 2025
Utilities & green energy
- Electric: APS, SRP, City Electric, Individual Meter
- Sewer: Private Sewer, Public Sewer
- Water: Individual Meter, Private, City Franchise
Community & HOA
Community
- Features: No Pool
- Subdivision: VILLAS AT 12TH STREET CONDOMINIUMS
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $256/sqft
- Tax assessed value: $213,200
- Annual tax amount: $178
- Date on market: 8/25/2026
- Cumulative days on market: 45 days
- Listing terms: VA Loan,Cash,No Carry,Conventional,1031 Exchange,FHA
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Concrete, Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/2/2026 | Price change | $525,000-11.8%$256/sqft |
Source:  ARMLS #7071032 Report a problem | ||
| 8/25/2026 | Listed for sale | $595,000-91.8%$290/sqft |
Source: ARMLS #7071032 Report a problem | ||
| 7/2/2026 | Listing removed | $7,250,000$3,533/sqft |
Source: ARMLS #7001746 Report a problem | ||
| 6/5/2026 | Price change | $7,250,000-8.8%$3,533/sqft |
Source: ARMLS #7001746 Report a problem | ||
| 4/3/2026 | Price change | $7,950,000-0.6%$3,874/sqft |
Source: ARMLS #7001746 Report a problem | ||
| 3/27/2026 | Listing removed | $1,750$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/24/2026 | Listed for rent | $1,750$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/20/2026 | Listed for sale | $8,000,000+2062.7%$3,899/sqft |
Source: ARMLS #7001746 Report a problem | ||
| 11/3/2009 | Listing removed | $369,900$180/sqft |
Source: Independence Realty Professionals, Inc #2811962 Report a problem | ||
| 7/13/2009 | Price change | $369,900+0.2%$180/sqft |
Source: Independence Realty Professionals, Inc #2811962 Report a problem | ||
| 7/3/2009 | Price change | $369,000-0.2%$180/sqft |
Source: Independence Realty Professionals, Inc #2811962 Report a problem | ||
| 6/22/2009 | Price change | $369,900+0.2%$180/sqft |
Source: Independence Realty Professionals, Inc #2811962 Report a problem | ||
| 6/20/2009 | Listed for sale | $369,000+29.5%$180/sqft |
Source: Independence Realty Professionals, Inc #2811962 Report a problem | ||
| 11/2/2006 | Sold | $285,000$139/sqft |
Source: ARMLS #2409732 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $2,591 +2% | $16,470 -37.8% |
| 2022 | $2,540 -0.8% | $26,475 -1% |
| 2021 | $2,559 +205.9% | $26,730 +7.1% |
| 2020 | $836 +2.8% | $24,960 +148.4% |
| 2019 | $814 | $10,050 +23% |
| 2018 | $814 +4.9% | $8,170 +15.4% |
| 2017 | $776 +11.7% | $7,080 +11.5% |
| 2016 | $695 +3.3% | $6,350 +27% |
| 2015 | $672 | $5,000 +21.1% |
| 2014 | -- | $4,130 +26.7% |
| 2013 | -- | $3,260 |
| 2012 | -- | $3,260 -54.5% |
| 2011 | -- | $7,160 -37.8% |
| 2010 | -- | $11,520 -16.3% |
| 2009 | -- | $13,760 +3.5% |
| 2008 | -- | $13,300 +40.7% |
| 2007 | -- | $9,450 +7.4% |
| 2006 | -- | $8,800 |
| 2005 | -- | $8,800 +34.4% |
| 2004 | -- | $6,550 |
| 2003 | -- | $6,550 -3.7% |
| 2002 | -- | $6,800 |
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: South Mountain
Similar homes
- $549,9006 bd4 ba2.2k sqft1344 E Pueblo Avenue, Phoenix, AZ 85040For Sale
MLS ID #7081089, Lenny Behie, Fathom Realty Elite. ARMLS - $534,9004 bd3 ba2.5k sqft1523 W CORRAL Road, Phoenix, AZ 85041For Sale
MLS ID #7072040, Kim Panozzo, HomeSmart. ARMLS - $445,0005 bd3 ba2.3k sqft5715 S 17TH Avenue, Phoenix, AZ 85041For Sale
MLS ID #7073541, Brennen Kent, Keller Williams Arizona Realty. ARMLS - $499,0003 bd2 ba1.6k sqft1726 E CORONADO Road, Phoenix, AZ 85006For Sale
MLS ID #7070775, John P Galaviz, eXp Realty. ARMLS
