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Sold on 11/26/2024

1505 E Oak St, Phoenix, AZ 85006

$721,000

Last sold 11/26/2024 after 133 Days

  • 6

    bed

  • 3

    bath

Multi-family not for sale
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About 1505 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 1501; 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#6733877 • 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 # 6733877
Type Multiple Dwellings
Status Closed
Property Tax 1133
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 117-18-105
Zoning R-4
Directions Just South Of Thomas And West Of 16th Street.
Multifamily Details
Total # of Units 3
Expense: Operating 8427
Financial Data Source Owner, Other (See Remarks), Projected Proforma
Vacancy Allowance 0.05
Net Operating Income 45486
Gross Income 54150
Expense: Other 7294
Gross Scheduled Income 55800
We are not permitted to show value estimates for this property.
  • Nov 2024
    mls logo MLS # 6733877
  • Nov 26, 2024 Sold
    $721,000 (-2.4%)
  • Oct 17, 2024 Pending
    —
  • Oct 4, 2024 Active
    —
  • Jul 16, 2024 Listed
    $739,000 (-8.8%)
  • Jan 2024
    mls logo MLS # 6657121
  • Jan 29, 2024 Listed
    $810,000 (+1.9%)
  • Jul 2023
    mls logo MLS # 6487437
  • Jul 30, 2023 Price Change
    $795,000 (-6.5%)
  • Mar 7, 2023 Price Change
    $850,000 (-4.5%)
  • Dec 19, 2022 Price Change
    $890,000 (-6.3%)
  • Nov 9, 2022 Listed
    $950,000 (-15.9%)
  • Nov 8, 2022 Listed
    —
  • Nov 2017
    mls logo MLS # 5643528
  • Nov 20, 2017 Sold
    $1,130,000 (+936.7%)
  • Sep 2012
    mls logo MLS # 4801110
  • Sep 19, 2012 Sold
    $109,000
  • May 2012
    mls logo MLS # 2349413
  • May 31, 2012 Sold
    —
  • Year Property taxes Tax assessment
  • 2025
    $1,215 +6.2%
    $42,370 +6.11%
  • 2024
    $1,144 +1.0%
    $39,930 -20.03%
  • 2023
    $1,133 +3.7%
    $49,930 +39.24%
  • 2022
    $1,092 +0.7%
    $35,860 +29.46%
  • 2021
    $1,084 -1.1%
    $27,700 +0.07%
  • 2020
    $1,097 +0.2%
    $27,680 +34.24%
  • 2019
    $1,095 +1.7%
    $20,620 +21.87%
  • 2018
    $1,076 +2.4%
    $16,920 +26.65%
  • 2017
    $1,051 +2.9%
    $13,360 +2.77%
  • 2016
    $1,021 +8.1%
    $13,000
  • 2015
    $945
    —
  • 1505 E Oak St
    $721K
  • Coronado
    $565K +2% y/y
  • 85006
    $470K -4% y/y
  • Phoenix
    $454K -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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