Excellent value-add investment opportunity with immediate upside potential. All four units are currently tenant occupied at below-market rents, creating an opportunity to increase income through rental adjustments or unit renovations. The property features a desirable unit mix consisting of one 3BD/2BA, two 2BD/2BA units, and one 2BD/1BA unit. The ground-floor units each offer private yard space, adding desirable outdoor amenities for tenants. Each unit is individually metered for electricity, and the property includes a shared on-site laundry facility along with garage parking.
Conveniently located near major local and regional employment centers, Grand Canyon University, the YMCA, Maryvale Park and pool facilities, schools, healthcare providers, and shopping centers.
Sold for $520,000
Zestimate®
$520,000
4421 N 53RD Lane, Phoenix, AZ 85031
9beds
7baths
4,480sqft
Multi Family
Built in 1973
-- sqft lot
$520,000 Zestimate®
$116/sqft
$1,279 Estimated rent
Home value
$520,000
$478,000 - $567,000
$1,279/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Zachary Coty 602-516-4767,
Compass
Bought with:
Jackson Everhart, SA689433000
Orion Investment Real Estate
Source: ARMLS,MLS#: 7031584
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 7
Heating
- Other, See Remarks
Cooling
- Other, See Remarks
Appliances
- Included: Other, See Remarks
Features
- Flooring: Other
Interior area
- Total structure area: 4,480
- Total interior livable area: 4,480 sqft
Property
Parking
- Total spaces: 9
- Parking features: Add'l Parking Avail, >1 Space Per Unit
- Covered spaces: 5
- Uncovered spaces: 4
Lot
- Size: 9,769 Square Feet
- Dimensions: 9769
Details
- Parcel number: 14444062
- Zoning: R-4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Painted, Stucco, Block
- Roof: Tile
Condition
- Year built: 1973
Utilities & green energy
- Electric: APS
- Sewer: Public Sewer
- Water: City Franchise
Community & HOA
Community
- Features: No Pool
- Subdivision: PARKWAY VILLAGE
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $116/sqft
- Tax assessed value: $505,300
- Annual tax amount: $2,884
- Date on market: 5/25/2026
- Cumulative days on market: 52 days
- Listing terms: No Carry,Conventional,1031 Exchange,FHA
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Sold | $520,000-10.3%$116/sqft |
Source:  ARMLS #7031584 Report a problem | ||
| 6/16/2026 | Price change | $580,000-5.6%$129/sqft |
Source: ARMLS #7031584 Report a problem | ||
| 5/25/2026 | Listed for sale | $614,500+89.7%$137/sqft |
Source: ARMLS #7031584 Report a problem | ||
| 1/3/2019 | Sold | $324,000+1.6%$72/sqft |
Source: ARMLS #5834577 Report a problem | ||
| 10/17/2018 | Listed for sale | $319,000+163.6%$71/sqft |
Source: Keller Williams Arizona Realty #5834577 Report a problem | ||
| 5/24/2018 | Listing removed | $775 |
Source: P. J. Hussey & Associates Inc. - Property # 536897 Report a problem | ||
| 5/8/2018 | Listed for rent | $775+14.8% |
Source: P. J. Hussey & Associates Inc. - Property # 536897 Report a problem | ||
| 9/27/2017 | Listing removed | $675 |
Source: P. J. Hussey & Associates Inc. - Property # 371816 Report a problem | ||
| 8/4/2017 | Listed for rent | $675 |
Source: P. J. Hussey & Associates Inc. - Property # 371816 Report a problem | ||
| 8/5/2015 | Listing removed | $675 |
Source: P. J. Hussey & Associates Inc. Report a problem | ||
| 7/14/2015 | Listed for rent | $675 |
Source: P. J. Hussey & Associates Inc. Report a problem | ||
| 1/5/2011 | Listing removed | $121,000$27/sqft |
Source: RE/MAX Professionals #4398034 Report a problem | ||
| 12/23/2010 | Price change | $121,000-3.2%$27/sqft |
Source: RE/MAX Professionals #4398034 Report a problem | ||
| 5/30/2010 | Listed for sale | $125,000-66.7%$28/sqft |
Source: RE/MAX Professionals #4398034 Report a problem | ||
| 12/14/2005 | Sold | $375,000+15.4%$84/sqft |
Source: Public Record Report a problem | ||
| 4/25/2005 | Sold | $325,000+41.9%$73/sqft |
Source: Public Record Report a problem | ||
| 6/2/2003 | Sold | $229,000+34.7%$51/sqft |
Source: Public Record Report a problem | ||
| 6/17/1999 | Sold | $170,000$38/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,854 +2.8% | $50,530 -6.6% |
| 2024 | $2,776 -2.2% | $54,110 +262.1% |
| 2023 | $2,840 +5% | $14,943 -51.1% |
| 2022 | $2,704 +4.2% | $30,530 +9.6% |
| 2021 | $2,594 +4.5% | $27,850 +16.3% |
| 2020 | $2,482 -3.8% | $23,950 +15.6% |
| 2019 | $2,581 | $20,720 +8.4% |
| 2018 | $2,581 +3.4% | $19,110 +8.1% |
| 2017 | $2,496 +12.1% | $17,670 +13.3% |
| 2016 | $2,227 -6.3% | $15,600 +3.1% |
| 2015 | $2,377 | $15,130 +11.3% |
| 2014 | -- | $13,600 +63.7% |
| 2013 | -- | $8,310 -9.5% |
| 2012 | -- | $9,180 -21% |
| 2011 | -- | $11,620 -40.4% |
| 2010 | -- | $19,500 -36.1% |
| 2009 | -- | $30,520 -5.3% |
| 2008 | -- | $32,220 +17.6% |
| 2007 | -- | $27,400 +39.1% |
| 2006 | -- | $19,700 |
| 2005 | -- | $19,700 +20.9% |
| 2004 | -- | $16,300 |
| 2003 | -- | $16,300 +25.4% |
| 2002 | -- | $13,000 |
Find assessor info on the county website
Neighborhood: Maryvale
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Nearby schools
GreatSchools rating
- 4/10John F. Long Elementary SchoolGrades: PK-6Distance: 0.1 mi
- 8/10Marc T. Atkinson Middle SchoolGrades: 6-8Distance: 0.3 mi
- 2/10Maryvale High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- District: Cartwright 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
$520,000
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$520,000
- Arizona
- Maricopa County
- Phoenix
- 85031
- Maryvale
- 4421 N 53RD Lane
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