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347 N 16th Ave, Phoenix, AZ 85007

  • $375,000

  • 5

    bed

  • 3

    bath

Multi-family for sale 128 days
80 homes bought nearby with Movoto recently

About 347 N 16th Ave

Property type Multi-family
Neighborhood
Year built 1951
HOA fee $0/month
Property description
Excellent opportunity to own a cash flowing, low maintenance triplex near downtown Phoenix. Two 2-bedroom, 1 bath units and one renovated 1-bedroom, 1 bath unit. On-site laundry. Corner lot with 2 buildings. Strong rents with consistent, stable tenants. Opportunity for value-add and rent increases.
Listed by
Listing Agent - Tyler Nick
Listing Office - McMath Realty LLC
Source: ARMLS mls logo
MLS#6992517 • last updated 3 months ago
Movoto checked ARMLS for data 1 minute ago
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Overview
Cooling/AC Central Air, Electric, Heat Pump, Individual
Heating Individual, Central, Heat Pump, Electric
MLS # 6992517
Type Multiple Dwellings
Status Active
Property Tax 1329
Year Built 1951
Interior
Flooring Tile, Laminate
Appliances Refrigerator, Free-Standing Gas Oven, W/D Hookup
Exterior
Roof Composition
Construction Wood Frame, Painted, Stucco
Parking >1 Space Per Unit
# of Open Parking Spaces 4
# of Covered Spaces 1
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision CAPITOLA PLACE
Community Features Other
Elementary School Capitol Elementary School
Elementary School District Phoenix Elementary District
Middle School Capitol Elementary School
High School District Phoenix Union High School District
High School Metro Tech High School
APN 111-26-028
Zoning R-5
Directions East On Van Buren From 19th Ave. North On 16th Ave.
Multifamily Details
Total # of Units 3
Expense: Operating 6989
Financial Data Source Owner
Net Operating Income 26011
Gross Income 33000
Expense: Water/Sewer 5660
Gross Scheduled Income 33000
Lot/ Land Details
Road Surface Asphalt
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4/10
Capitol Elementary School
public Grades PK, K-8
Phoenix Elementary District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
3/10
Central High School
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
  • Phoenix
  • 85007
  • Governmental Mall
  • 347 N 16th Ave

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