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Sold on 09/26/2024

1501 E Oak St, Phoenix, AZ 85006

  • $739,000

    Last sold 09/26/2024 after 72 Days

  • 6

    bed

  • 3

    bath

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

About 1501 E Oak St

Property type Multi-family
Neighborhood
Year built 1957
HOA fee $0/month
Property description
Fully remodeled triplex in the sought-after Coronado Historic District of Midtown Phoenix. Close to Phoenix Children's Hospital & Phoenix Country Club. Tastefully upgraded recently with high-quality finishes. The units include SS appliances with dishwashers & stacked washer/dryer packages. Coveted unit mix of all 2 bedroom units (800 sf +/-) with separate electric. Rents are $1500-$1600/unit. Highly-stabilized with strong leases in place. Professionally managed. Just a 1/2 block to a new construction $1.1 mil house for sale. Offered individually or buy as a combination. Also available on the same block is 1505; 1509; 1521 (E); 1521 (W); & 1527 E. Oak. All triplexes have similar finishes/upgrades. CAP rates range from 5.99 to 6.28.
Listed by
Listing Agent - James C Stephens
Listing Office - Better Homes & Gardens Real Estate SJ Fowler
Source: ARMLS mls logo
MLS#6733871 • last updated 1 year ago
Movoto checked ARMLS for data 4 minutes ago
Overview
Cooling/AC Ceiling Fan(s), Electric, Heat Pump, Individual
Heating Individual, Electric
MLS # 6733871
Type Multiple Dwellings
Status Closed
Property Tax 1142
Year Built 1957
Interior
Flooring Other, Vinyl
Appliances Built-In Range, Other, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Exterior
Roof Composition
Construction Painted, Block
Parking Other, Paved, Free, Add'l Parking Avail, >1 Space Per Unit, On Street
# of Open Parking Spaces 4
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Sewer-In & Connected, Public Sewer
Location
Subdivision RANCHITOS BONITAS LOTS 1-4
Community Features Other, See Remarks, No Pool
Elementary School District Phoenix Elementary District
High School District Phoenix Union High School District
APN 117-18-104
Zoning R-4
Directions Just South Of Thomas And West Of 16th Street.
Multifamily Details
Total # of Units 3
Expense: Operating 8436
Financial Data Source Owner, Other (See Remarks), Projected Proforma
Vacancy Allowance 0.05
Net Operating Income 44289
Gross Income 52725
Expense: Other 7294
Gross Scheduled Income 54300
We are not permitted to show value estimates for this property.
  • Aug 2024
    mls logo MLS # 6733871
  • Aug 20, 2024 Active
    —
  • Jul 16, 2024 Listed
    $739,000 (-8.8%)
  • Mar 2024
    mls logo MLS # 6656680
  • Mar 12, 2024 Listed
    —
  • Feb 22, 2024 Active
    —
  • Jan 24, 2024 Listed
    $810,000
  • 1501 E Oak St
    $739K
  • Coronado
    $525K -3% y/y
  • 85006
    $489K -2% y/y
  • Phoenix
    $474K -2% y/y
No chart available
Statistics calculated by Movoto

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3/10
Whittier Elementary 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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  • AZ
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  • 1501 E Oak St
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