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Sold on 07/16/2025

1305 E Madison St, Phoenix, AZ 85034

  • $1,250,000

    Last sold 07/16/2025 after 188 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
80 homes bought nearby with Movoto recently

About 1305 E Madison St

Property type Multi-family
Neighborhood
Year built 2025
HOA fee $0/month
Property description
Brand new construction. All units are 2 bedroom 2 bath/ High end finishes throughout. This is a perfect turnkey property that is the first in a growing area. Tremendous upside investment. The property is near the light rail into downtown and to the airport.
Listed by
Listing Agent - Ron Erick Schmidt
Listing Office - West USA Realty
Source: ARMLS mls logo
MLS#6802310 • last updated 1 year ago
Movoto checked ARMLS for data 12 minutes ago
Overview
Cooling/AC Ceiling Fan(s)
Heating Electric
MLS # 6802310
Type Multiple Dwellings
Status Closed
Property Tax 1220
Year Built 2025
Interior
Flooring Vinyl
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, W/D Hookup
Exterior
Roof Composition
Construction Wood Frame, Painted, Stucco, Stone
Parking Paved
# of Open Parking Spaces 8
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision COLLINS ADDITION PHOENIX BLOCKS 31-34 & 39-40
Community Features No Pool
Elementary School Garfield School
Elementary School District Phoenix Elementary District
Middle School Garfield School
High School District Phoenix Union High School District
High School North High School
APN 116-49-029
Zoning R-3
Directions Take Jefferson To 13th St. Go South On 13th St. Turn Left On Madison Property Is Second Lot On The Right
Multifamily Details
Total # of Units 4
Expense: Operating 5020
Financial Data Source Other (See Remarks)
Expense: Insurance 2000
Net Operating Income 90860
Gross Income 95880
Expense: Trash 300
Expense: Water/Sewer 1500
Gross Scheduled Income 95880
We are not permitted to show value estimates for this property.
  • Nov 2025
    mls logo MLS # 6948798
  • Nov 17, 2025 Listed
    $1,525,000 (+22.0%)
  • Jul 2025
    Public Records
  • Jul 31, 2025 Sold
    $1,250,000
  • Jul 2025
    mls logo MLS # 6802310
  • Jul 16, 2025 Sold
    $1,250,000 (-9.1%)
  • Jun 13, 2025 Pending
    —
  • May 23, 2025 Price Change
    $1,375,000 (-1.7%)
  • May 5, 2025 Price Change
    $1,399,000 (-3.5%)
  • Apr 17, 2025 Price Change
    $1,449,000 (-3.1%)
  • Apr 4, 2025 Price Change
    $1,495,000 (+900.0%)
  • Apr 4, 2025 Price Change
    $149,500 (-90.0%)
  • Jan 9, 2025 Listed
    $1,499,000 (+597.2%)
  • Nov 2021
    mls logo MLS # 6304552
  • Nov 1, 2021 Sold
    $215,000
  • Oct 17, 2021 Pending
    —
  • Oct 8, 2021 Listed
    $199,000
  • Oct 2021
    Public Records
  • Oct 29, 2021 Sold
    $215,000 (+8.0%)
  • 1305 E Madison St
    $1.25M
  • Eastlake Park
    — -100% y/y
  • 85034
    $360K -15% y/y
  • Phoenix
    $465K -2% y/y
No chart available
Statistics calculated by Movoto

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2/10
Garfield School
public Grades PK, K-8
Phoenix Elementary District
3/10
North High School
public Grades 9-12
Phoenix Union High School District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • AZ
  • Maricopa County
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  • 85034
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  • 1305 E Madison St
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