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Sold for $725,000
  • $725,000

    5112 N 28TH Drive, Phoenix, AZ 85017

    5beds
    3baths
    2,100sqft
    Multi Family
    Built in 1974
    -- sqft lot
    $580,200 Zestimate®
    $345/sqft
    $1,398 Estimated rent

    Home value

    $580,200

    $528,000 - $632,000

    $1,398/mo

    Zestimate® history
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    What's special

    Covered parkingNewer air conditioning units
    Discover Investment Potential Next to Grand Canyon University-Exterior Repairs Underway-Photos will follow Welcome to 5112 N 28th Dr, Phoenix, where opportunity meets convenience right next to Grand Canyon University. This triplex presents a lucrative investment opportunity with repairs currently underway, ensuring enhanced value and tenant satisfaction. Each unit is individually metered for electric, providing tenants with the convenience of managing their utilities independently. Covered parking adds a sought-after amenity, shielding vehicles from the elements and enhancing tenant comfort. The triplex boasts newer air conditioning units, offering efficient climate control to residents year-round. Discover Investment Potential Next to Grand Canyon University Welcome to 5112 N 28th Dr, Phoenix, where opportunity meets convenience right next to Grand Canyon University. This triplex presents a lucrative investment opportunity with repairs currently underway, ensuring enhanced value and tenant satisfaction. Each unit is individually metered for electric, providing tenants with the convenience of managing their utilities independently. Covered parking adds a sought-after amenity, shielding vehicles from the elements and enhancing tenant comfort. The triplex boasts newer air conditioning units, offering efficient climate control to residents year-round. Currently, the property enjoys full occupancy, reflecting its appeal and stable income potential. This high-demand location ensures a steady flow of prospective tenants, making it a strategic addition to any investor's portfolio. Don't miss out on this prime opportunity to capitalize on the thriving rental market near Grand Canyon University. Whether you're expanding your investment portfolio or seeking a reliable income stream, 5112 N 28th Dr promises exceptional returns and long-term value. Disclaimer: All repairs and property details subject to verification. Potential buyers advised to conduct their own due diligence.

    Zillow last checked:

    Listing updated:

    Listed by:

    Linda S Gerchick 602-688-9279,

    Gerchick Real Estate

    Bought with:

    Linda S Gerchick, BR114848000

    Gerchick Real Estate

    Source: ARMLS,MLS#: 6821720MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    Heating
    • Individual, Heat Pump
    Cooling
    • Ceiling Fan(s), Heat Pump, Individual
    Appliances
    • Included: Free-Standing Range, Refrigerator
    Features
    • Flooring: Carpet, Ceramic Tile, Concrete
    Interior area
    • Total structure area: 2,100
    • Total interior livable area: 2,100 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Paved, Free, Add'l Parking Avail, >1 Space Per Unit, On Street, Carport
    • Has carport: Yes
    • Covered spaces: 4
    • Uncovered spaces: 2
    Lot
    • Dimensions: 8,351 Ft
    Details
    • Parcel number: 15328003D
    • Zoning: R3

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Stone, Slump Block
    • Roof: Composition
    Condition
    • Year built: 1974

    Utilities & green energy

    • Electric: APS, Individual Meter
    • Sewer: Sewer-In & Connected, Public Sewer
    • Water: Master Meter, City Franchise
    • Utilities for property: Sewer Connected

    Community & HOA

    Community
    • Features: No Pool
    • Subdivision: HOMELAND BLOCK 1
    Location
    • Region: Phoenix

    Financial & listing details

    • Price per square foot: $345/sqft
    • Tax assessed value: $404,000
    • Annual tax amount: $1,308
    • Date on market: 11/11/2025
    • Cumulative days on market: 13 days
    • Listing terms: Conventional
    • Ownership: Fee Simple
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    3/18/2025Sold$725,000-8.8%$345/sqft
    Source: ARMLS #6821720 Report a problem
    3/1/2025Pending sale$795,000$379/sqft
    Source: ARMLS #6821720 Report a problem
    2/16/2025Listed for sale$795,000+893.8%$379/sqft
    Source: ARMLS #6821720 Report a problem
    8/17/2014Listing removed$495
    Source: Valley Income Properties Report a problem
    7/18/2014Listed for rent$495
    Source: Valley Income Properties Report a problem
    1/14/2011Sold$80,000-13.5%$38/sqft
    Source: ARMLS #4428469 Report a problem
    12/18/2010Price change$92,500+7.6%$44/sqft
    Source: US Investment Realty #4428469 Report a problem
    11/15/2010Price change$86,000-14%$41/sqft
    Source: US Investment Realty #4428469 Report a problem
    9/18/2010Listed for sale$100,000+69.5%$48/sqft
    Source: US Investment Realty #4428469 Report a problem
    7/9/2010Sold$59,000-70.1%$28/sqft
    Source: Public Record Report a problem
    1/7/2005Sold$197,500+27.4%$94/sqft
    Source: Public Record Report a problem
    11/25/2002Sold$155,000$74/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,440 +10.1%$40,400 -0.6%
    2024$1,308 -0.5%$40,650 +392.1%
    2023$1,315 +1.6%$8,261 -62.7%
    2022$1,294 +3%$22,150 +9.1%
    2021$1,256 +1.2%$20,310 +14.4%
    2020$1,240 +8.3%$17,760 +19.1%
    2019$1,145 $14,910 +10.9%
    2018$1,145 +1.3%$13,450 +10%
    2017$1,131 +10.3%$12,230 +20.4%
    2016$1,025 -1.9%$10,160 +18%
    2015$1,045 $8,610 +23.7%
    2014-- $6,960 +45.6%
    2013-- $4,780 -9%
    2012-- $5,250
    2011-- $5,250 -50.1%
    2010-- $10,530 -42.4%
    2009-- $18,270 -3.7%
    2008-- $18,970 +15.7%
    2007-- $16,400 +45.8%
    2006-- $11,250
    2005-- $11,250 +26.4%
    2004-- $8,900
    2003-- $8,900 +26.2%
    2002-- $7,050
    Find assessor info on the county website

    Neighborhood: Alhambra

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • High: Alhambra High School
    • District: Alhambra 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
    $580,200
    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
    $580,200