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4118 N 3rd Ave, Phoenix, AZ 85013

  • $615,000

  • 3

    bed

  • 3

    bath

Multi-family for sale 267 days
$20K price drop
80 homes bought nearby with Movoto recently

About 4118 N 3rd Ave

Property type Multi-family
Neighborhood
Year built 1952
HOA fee $0/month
Rental estimate
Property description
4118 N 3rd Ave is a 3-unit apartment community located in the Midtown Submarket of Phoenix, Arizona. Originally constructed in 1952, the property has undergone significant capital improvements over recent years, including interior updates, brand new plumbing system with 100% PEX , newer roof, water heaters, upgraded electrical, and added private fencing. The building consists of (3) one-bedroom, one-bathroom floor plans and a covered parking spot for each unit. Each unit is currently occupied at below market rents, allowing for considerable rental upside. New ownership acquire a renovated and well-performing asset with near-term upside in a highly desirable and centralized location along the Central Avenue Corridor.
Listed by
Listing Agent - Bradley Skenderian
Listing Office - Matthews Real Estate Investment Services
Source: ARMLS mls logo
MLS#6937740 • last updated 3 months ago
Movoto checked ARMLS for data 6 minutes ago
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Overview
Cooling/AC Central Air, Ceiling Fan(s), Electric, Heat Pump, Individual
Heating Heat Pump, Electric
MLS # 6937740
Type Multiple Dwellings
Status Active
Property Tax 1161
Year Built 1952
Interior
Flooring Ceramic Tile
Appliances Disposal, Refrigerator, Free-Standing Electric Oven
Exterior
Roof Composition
Construction Painted, Block
Parking Add'l Parking Avail, 1 Space/Unit, Carport
# of Open Parking Spaces 2
# of Covered Spaces 3
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Sewer-In & Connected, Public Sewer
Location
Subdivision INDIAN PARK
Community Features See Remarks, No Pool
Elementary School District Osborn Elementary District
High School District Phoenix Union High School District
APN 155-32-058
Zoning R4
Multifamily Details
Total # of Units 3
Expense: Operating 6294
Financial Data Source Owner
Expense: Insurance 1713
Net Operating Income 36015
Gross Income 42108
Expense: Water/Sewer 2700
Gross Scheduled Income 42108
Expense: Gardener 720
Lot/ Land Details
Road Surface Asphalt
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3/10
Longview Elementary School
public Grades PK, K-8
Osborn Elementary District
4/10
Osborn Middle School
public Grades 7-8
Osborn 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.

Around Central Avenue Corridor

Explore everything this neighborhood has to offer. Learn more about Central Avenue Corridor.
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72/100
Walk
61/100
Family
92/100
Dining
97/100
Pet
  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85013
  • Central Avenue Corridor
  • 4118 N 3rd Ave

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