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For sale
  • Price cut: $46K (6/24)
    $749,000

    822 E CAROL Avenue, Phoenix, AZ 85020

    5beds
    4baths
    --sqft
    : 
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    Multi Family
    Built in 1977
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    This well-maintained slump-block fourplex is positioned at the end of a quiet cul-de-sac and offers an outstanding combination of long-term durability, strong rental upside, and low-maintenance operating costs. With immediate proximity to SR-51, the property provides fast access to major employment centers including the Biltmore Financial District, Midtown, Downtown Phoenix, and nearby healthcare campuses. Key Property Highlights Brand-New Roof with a transferable warranty, providing future owners with peace of mind and reduced capital expense. Maintenance-Free Landscaping, upgraded with ¼-inch crushed granite and the proper underlying weed-control membrane--dramatically reducing ongoing grounds maintenance. Private Outdoor Space for Each Tenant, includi This well-maintained slump-block fourplex is positioned at the end of a quiet cul-de-sac and offers an outstanding combination of long-term durability, strong rental upside, and low-maintenance operating costs. With immediate proximity to SR-51, the property provides fast access to major employment centers including the Biltmore Financial District, Midtown, Downtown Phoenix, and nearby healthcare campuses. Key Property Highlights Brand-New Roof with a transferable warranty, providing future owners with peace of mind and reduced capital expense. Maintenance-Free Landscaping, upgraded with ¼-inch crushed granite and the proper underlying weed-control membranedramatically reducing ongoing grounds maintenance. Private Outdoor Space for Each Tenant, including individual fenced patios and rear yards, increasing tenant satisfaction, retention, and rental demand. Desirable Slump Block Construction, known for its durability, thermal performance, and long-term stabilityideal for long-term investors. One Unit Currently Vacant, already refreshed with new interior paint, 2-inch wood-look faux blinds, and additional cosmetic upgradesperfect for achieving market rent quickly. All Units Feature Ceramic Tile Flooring, ideal for durability, ease of maintenance, and lower turnover costs. Significant Rental Upside, as existing rents are below current market levels for the area. Excellent Transportation Access, located minutes from State Route 51, connecting residents to major employers, hospitals, parks, and Central Phoenix amenities. Why This Fourplex Performs Well as an Investment This asset checks all the boxes for a low-maintenance, high-demand rental investment: Turnkey exterior improvements already completed Individual outdoor spaces that support stronger rent premiums A refreshed vacant unit ready for lease or owner-occupancy Proven long-term construction type Strong local renter demand driven by proximity to transit corridors and employment East Sunnyslope - Phoenix, Arizona Area Overview for Investors & Buyers** East Sunnyslope is one of Phoenix's most established and naturally scenic neighborhoods, positioned at the base of the North Mountain Preserve and offering a unique blend of urban convenience and outdoor lifestyle. Located just minutes from State Route 51, the area provides residents with fast access to Downtown Phoenix, Midtown, the Camelback Corridor, and the broader Valley employment base. Proximity to SR-51 (Highway 51) East Sunnyslope benefits from immediate access to SR-51, one of Phoenix's primary north-south freeways. This corridor significantly reduces commute times to: Downtown Phoenix (approx. 10 minutes) Biltmore Financial District Phoenix Children's Hospital & Medical Cluster Sky Harbor International Airport Scottsdale employment corridors This connectivity is a major reason residents and investors choose the area. Major Employers Near East Sunnyslope While Sunnyslope retains a neighborhood character, it is surrounded by several significant employment hubs that attract renters and long-term residents: Healthcare HonorHealth John C. Lincoln Medical Center A major medical employer and long-standing anchor of the Sunnyslope community. Phoenix Children's Hospital (PCH) - approx. 10 minutes Abrazo Health / Arizona Heart Hospital - via SR-51 access Mayo Clinic Hospital - approx. 15-20 minutes north via SR-51 Healthcare continues to be one of Phoenix's strongest and fastest-growing employment sectors. Government & Education City of Phoenix administrative and service departments Arizona Department of Economic Security Nearby public, charter, and private schools creating local employment stability Corporate & Office Employment Easy SR-51 access puts residents within minutes of: Camelback Corridor financial district Central Avenue business core Midtown office towers and professional services firms Parks, Recreation & Lifestyle East Sunnyslope is known for its natural surroundings and immediate access to outdoor amenities. Popular recreational assets include: North Mountain Park A major regional destination offering hiking, biking, scenic overlooks, and desert trails. The park provides direct mountain access while still being inside city limits. Sunnyslope Park A community-focused park with open green space, sports courts, and family amenities serving local residents. Arizona Canal Multi-Use Path A long, continuous pedestrian and bike path connecting Sunnyslope to Central Phoenix, Biltmore, and East Valley trail systems. Dreamy Draw Recreation Area (via SR-51) A short drive away, it offers additional hiking, shaded canyon spaces, and access to the Phoenix Mountain Preserve. Why East Sunnyslope Appeals to Renters & Investors Urban convenience with mountain views Fast access to major highways Close to hospitals, employment centers, and office corridors Affordable compared to nearby North Central and Biltmore neighborhoods Strong demand from healthcare workers, young professionals, and long-term tenants Mixed housing stock with value-add opportunities
    232 days
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    111
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    7
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    Zillow last checked:

    Listing updated:

    Listed by:

    Linda S Gerchick 602-688-9279,

    Gerchick Real Estate

    Source: ARMLS,MLS#: 6952059MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      Heating
      • Individual, Heat Pump
      Cooling
      • Ceiling Fan(s), Heat Pump, Individual
      Appliances
      • Included: Free-Standing Range, Refrigerator
      Features
      • Flooring: Carpet, Ceramic Tile, Vinyl
      Video & virtual tour

      Property

      Parking
      • Total spaces: 6
      • Parking features: Paved, Free, 1 Space/Unit, On Street
      • Uncovered spaces: 6
      Features
      • Exterior features: Sidewalk(s)
      Details
      • Parcel number: 15937078
      • Zoning: Multi

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Painted, Block, Slump Block
      • Roof: Composition,See Remarks
      Condition
      • Year built: 1977

      Utilities & green energy

      • Electric: APS, Individual Meter
      • Sewer: Public Sewer
      • Water: Master Meter, City Franchise

      Community & HOA

      Community
      • Features: No Pool
      Location
      • Region: Phoenix

      Financial & listing details

      • Tax assessed value: $390,200
      • Annual tax amount: $927
      • Date on market: 11/27/2025
      • Cumulative days on market: 232 days
      • Listing terms: No Carry,Conventional,FHA,VA Loan
      • 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

        DateEventPrice
        6/24/2026Price change$749,000-5.8%
        Source: ARMLS #6952059 Report a problem
        3/19/2026Price change$795,000-5.9%
        Source: ARMLS #6952059 Report a problem
        2/13/2026Price change$845,000-5.6%
        Source: ARMLS #6952059 Report a problem
        1/30/2026Price change$895,000-8.2%
        Source: ARMLS #6952059 Report a problem
        1/1/2026Listing removed$1,195
        Source: Zillow Rentals Report a problem
        12/19/2025Listed for rent$1,195+100.8%
        Source: Zillow Rentals Report a problem
        11/27/2025Listed for sale$975,000+417.5%
        Source: ARMLS #6952059 Report a problem
        1/16/2018Listing removed$595
        Source: Sundial Real Estate LLC Report a problem
        1/12/2018Listed for rent$595
        Source: Sundial Real Estate LLC Report a problem
        6/2/2016Listing removed$595+8.2%
        Source: Sundial Real Estate LLC Report a problem
        5/13/2016Listing removed$188,400
        Source: S. J. Fowler Real Estate Inc. #5332193 Report a problem
        1/27/2016Price change$188,400-0.5%
        Source: S. J. Fowler Real Estate Inc. #5332193 Report a problem
        11/20/2015Price change$189,400-0.3%
        Source: S. J. Fowler Real Estate Inc. #5332193 Report a problem
        10/23/2015Price change$189,900-2.6%
        Source: S. J. Fowler Real Estate Inc. #5332193 Report a problem
        9/10/2015Listed for sale$194,900+29.9%
        Source: S. J. Fowler Real Estate Inc. #5332193 Report a problem
        5/27/2015Listing removed$550
        Source: Sundial Real Estate LLC Report a problem
        5/6/2015Price change$550+15.8%
        Source: Sundial Real Estate LLC Report a problem
        8/1/2014Listed for rent$475
        Source: Sundial Real Estate LLC Report a problem
        5/21/2014Listing removed$475
        Source: Sundial Real Estate LLC Report a problem
        5/7/2014Price change$475-13.6%
        Source: Sundial Real Estate LLC Report a problem
        4/5/2014Price change$550+15.8%
        Source: Sundial Real Estate LLC Report a problem
        1/18/2014Listed for rent$475
        Source: Sundial Real Estate LLC Report a problem
        10/30/2012Sold$150,000+25%
        Source: Public Record Report a problem
        11/10/2008Sold$120,000-59.3%
        Source: Public Record Report a problem
        4/16/2008Listed for sale$295,000+220.7%
        Source: Point2 #2969395 Report a problem
        2/10/1998Sold$92,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$914 +3.9%$39,020 -4%
        2024$880 +1.8%$40,650 +514.3%
        2023$864 +2%$6,617 -70.5%
        2022$848 +1.3%$22,420 +21%
        2021$837 +1.9%$18,530 +14.5%
        2020$822 +2.7%$16,180 +15.7%
        2019$800 $13,980 +19.7%
        2018$800 +0.5%$11,680 +20.7%
        2017$796 +10%$9,680 +6.8%
        2016$724 -5.3%$9,060 +16.9%
        2015$764 $7,750 +35.5%
        2014-- $5,720 +51.3%
        2013-- $3,780 -15.6%
        2012-- $4,480 -33.6%
        2011-- $6,750 -33.7%
        2010-- $10,180 -41.1%
        2009-- $17,280 +1.3%
        2008-- $17,060 +9.4%
        2007-- $15,600 +46.5%
        2006-- $10,650
        2005-- $10,650 +33.1%
        2004-- $8,000
        2003-- $8,000 +26%
        2002-- $6,350
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: North Mountain

        Getting around

        83 / 100
        Very Walkable
        49 / 100
        Some Transit
        73 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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