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Sold on 04/28/2026
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1611 E Lamar Rd, Phoenix, AZ 85016

  • $2,250,000

    Last sold 04/28/2026 after 94 Days

  • 8

    bed

  • 8

    bath

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

About 1611 E Lamar Rd

Property type Multi-family
Neighborhood
Year built 2023
HOA fee $0/month
Property description
Fabulous centrally located investment opportunity. These new & modern four units with custom finishes affords a perfect owner-occupied luxurious lifestyle. The property was designed with a 2,000 ft.² owners three bedroom 3 1/2 bath home. The property consists of two, three bedrooms three bath homes and two one bedroom one bath apartments. The three bedroom units include gas fireplace. Superb location right off the 51 freeway with easy access to Sky Harbor Airport and Downtown Phoenix. Situated next to the Sprouts shopping center at 16th St. & Glendale. Adjacent to the canal with an easy walk to the Biltmore Hotel. Must see to appreciate!
Listed by
Listing Agent - Michael Banovac
Listing Office - RMB Realty LLC
Source: ARMLS mls logo
MLS#6974079 • last updated 1 month ago
Movoto checked ARMLS for data 6 minutes ago
Overview
Cooling/AC Ceiling Fan(s), Electric
Heating Ceiling
MLS # 6974079
Type Multiple Dwellings
Status Closed
Property Tax 11957
Year Built 2023
Interior
Flooring Vinyl
Appliances Disposal, Dishwasher, Refrigerator, Built-In Gas Oven, Microwave, Washer/Dryer
Exterior
Roof Rolled/Hot Mop
Construction Wood Frame, Painted, Stucco
Parking Garage Door Opener, >1 Space Per Unit, On Street, Carport
# of Open Parking Spaces 2
# of Covered Spaces 6
Amenities / Utilities
Water Source Individual Meter
Sewer/Septic Public Sewer
Location
Subdivision TOWN HEIGHTS
Community Features No Pool
Elementary School District Madison Elementary District
High School District Phoenix Union High School District
APN 164-34-003
Zoning R3
Directions Head South On 16th Make First Left Shopping Center Onto Lamar Rd. Property Is The Second Building On The Right.
Multifamily Details
Total # of Units 4
Expense: Operating 11957
Financial Data Source Owner
Vacancy Allowance 0.04
Net Operating Income 120600
Gross Income 136972.8
Gross Scheduled Income 142680
Lot/ Land Details
Road Surface Asphalt
We are not permitted to show value estimates for this property.
  • Apr 2026
    mls logo MLS # 6974079
  • Apr 28, 2026 Sold
    $2,250,000 (-8.2%)
  • Apr 27, 2026 Pending
    —
  • Mar 5, 2026 Active
    —
  • Jan 24, 2026 Listed
    $2,450,000 (+4800.0%)
  • Apr 2011
    mls logo MLS # 4561799
  • Apr 13, 2011 Sold
    $50,000
  • Mar 29, 2011 Listed
    $50,000
  • 1611 E Lamar Rd
    $2.25M
  • Camelback East
    $762K
  • 85016
    $575K -4% y/y
  • Phoenix
    $474K -2% y/y
No chart available
Statistics calculated by Movoto

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6/10
Madison Heights Elementary School
public Grades PK, K-4
Madison Elementary District
5/10
Madison #1 Elementary School
public Grades 5-8
Madison Elementary District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
3/10
North High School
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • AZ
  • Maricopa County
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  • 1611 E Lamar Rd
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