Investors Dream! A corner lot in the desirable Farmer Arts District near Downtown Tempe. 2 homes currently on property but true value is in the land and location. Front house is a 2 bed 1 bath with tenant in place. Rear is a studio unit with tenant in place.
Sold for $480,000
$480,000
404 W 11th Street, Tempe, AZ 85281
28beds
2baths
14,625sqft
Multi Family
Built in 1935
-- sqft lot
$992,000 Zestimate®
$33/sqft
$1,570 Estimated rent
Home value
$992,000
$734,000 - $1.32M
$1,570/mo
Zestimate® history
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$2,790/mo
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Zillow last checked:
Listing updated:
Listed by:
Rea Rowles 480-208-2044,
eXp Realty
Bought with:
Nick Bastian, SA045994000
AZ Brokerage Holdings, LLC
Source: ARMLS,MLS#: 6881849
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 28
- Bathrooms: 2
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Washer/Dryer
Features
- Flooring: Other, Concrete
Interior area
- Total structure area: 14,625
- Total interior livable area: 14,625 sqft
Property
Parking
- Total spaces: 4
- Parking features: Other, Free, Add'l Parking Avail, 1 Space/Unit, On Street
- Uncovered spaces: 4
Features
- Exterior features: Sidewalk(s)
Lot
- Size: 6,500 Square Feet
- Dimensions: 6500
Details
- Parcel number: 12470064
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Painted, Stucco, Block
- Roof: Composition
Condition
- Year built: 1935
Utilities & green energy
- Electric: APS
- Sewer: Public Sewer
- Water: City Franchise
Community & HOA
Community
- Features: No Pool
- Subdivision: VAL VERDE PLAT 1
Location
- Region: Tempe
Financial & listing details
- Price per square foot: $33/sqft
- Tax assessed value: $378,600
- Annual tax amount: $2,255
- Date on market: 4/30/2026
- Cumulative days on market: 28 days
- Listing terms: Owner May Carry
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Concrete, Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2025 | Sold | $480,000$33/sqft |
Source:  ARMLS #6881849 Report a problem | ||
| 6/18/2025 | Listed for sale | $480,000$33/sqft |
Source: ARMLS #6881710 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,403 +7% | $37,860 -13% |
| 2024 | $2,245 +1.2% | $43,520 +138.3% |
| 2023 | $2,219 +3.8% | $18,259 -43.1% |
| 2022 | $2,137 +2.4% | $32,110 +9.3% |
| 2021 | $2,086 +1.9% | $29,370 +12.4% |
| 2020 | $2,047 +2.5% | $26,130 +22.4% |
| 2019 | $1,996 | $21,350 +3% |
| 2018 | $1,996 +3.1% | $20,730 +17.8% |
| 2017 | $1,937 +4.8% | $17,600 -11.5% |
| 2016 | $1,847 -2.1% | $19,880 +18.3% |
| 2015 | $1,886 | $16,810 +23.5% |
| 2014 | -- | $13,610 +27.2% |
| 2013 | -- | $10,700 -17.4% |
| 2012 | -- | $12,950 -27.3% |
| 2011 | -- | $17,810 -18.2% |
| 2010 | -- | $21,780 +3.1% |
| 2009 | -- | $21,130 +4.9% |
| 2008 | -- | $20,150 +12.6% |
| 2007 | -- | $17,900 +36.6% |
| 2006 | -- | $13,100 |
| 2005 | -- | $13,100 +27.2% |
| 2004 | -- | $10,300 |
| 2003 | -- | $10,300 +36.4% |
| 2002 | -- | $7,550 |
Find assessor info on the county website
Neighborhood: Mitchell Park East
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Nearby schools
GreatSchools rating
- 4/10Holdeman Elementary SchoolGrades: PK-5Distance: 1 mi
- 2/10Geneva Epps Mosley Middle SchoolGrades: 6-8Distance: 0.6 mi
- 5/10Tempe High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$992,000
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
$992,000
- Arizona
- Maricopa County
- Tempe
- 85281
- Mitchell Park East
- 404 W 11th Street
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