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Sold on 12/27/2022

821 N 3rd St, Phoenix, AZ 85004

  • $3,260,000

    Last sold 12/27/2022 after 223 Days

  • 2

    bed

  • 2

    bath

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

About 821 N 3rd St

Property type Multi-family
Neighborhood
Year built 1970
HOA fee $0/month
Rental estimate
Property description
Located in the Roosevelt district in Downtown Phoenix, walking distance to restaurants, shopping, convention center, biomedical complex, U of A and ASU. Combine on Third is a 12 unit mixed use complex with 10 studio apartments, 1 one bedroom unit, and 1 commercial space, currently leased by Lacuna Kava Bar. All units have updated kitchens, bathrooms, built-in closet organizers, WiFi Routers, and storage partitions between living and bedroom spaces. There is a 1,000 sqft luxury 1 bedroom 2 bath unit above Lacuna Kava, which was remodeled in 2019, highlighted by a viking range. Washer, dryer and 2 full bathrooms. Two furnished studios have consistently functioned as successful AIRBNB and long term furnished rentals.
Listed by
Listing Agent - Jeremy Solem
Listing Office - Metro Realty
Source: ARMLS mls logo
MLS#6401952 • last updated 2 years ago
Movoto checked ARMLS for data 5 minutes ago
Overview
Cooling/AC Ceiling Fan(s), Window/Wall Unit
Heating Electric
MLS # 6401952
Type Multiple Dwellings
Virtual Tour N/A
Status Closed
Property Tax 7094
Year Built 1970
Interior
Flooring Ceramic Tile, Vinyl, Concrete
Appliances Free-Standing Range, Other, Refrigerator
Exterior
Roof Composition, Built-Up
Construction Brick
Parking Assigned, 1 Space/Unit
# of Open Parking Spaces 12
Amenities / Utilities
Water Source Individual Meter, City Franchise
Sewer/Septic Public Sewer
Location
Subdivision CHURCHILL ADDITION
Community Features No Pool
Elementary School Emerson Elementary School
Elementary School District Phoenix Elementary District
Middle School Phoenix Prep Academy
High School District Phoenix Union High School District
High School Phoenix Union Bioscience High School
APN 111-44-022
Zoning C-DT
Directions Head West On E Roosevelt St, Head South On 3rd St Property On The Left Corner Of 3rd & Garfield
Multifamily Details
Total # of Units 12
Expense: Operating 49786
Financial Data Source Owner, Projected Proforma
Expense: Maintenance 7300
Vacancy Allowance 0.02
Expense: Insurance 8175
Net Operating Income 180946
Gross Income 230731.2
Expense: Fuel 804
Expense: Other 8470
Expense: Trash 2245
Expense: Professional Management 6000
Expense: Water/Sewer 7598
Gross Scheduled Income 235440
Expense: Gardener 2100
We are not permitted to show value estimates for this property.
  • Dec 2022
    mls logo MLS # 6401952
  • Dec 27, 2022 Sold
    $3,260,000
  • Nov 18, 2022 Pending
    —
  • Sep 22, 2022 Listed
    $3,500,000 (-12.5%)
  • Jul 29, 2022 Price Change
    $3,999,900 (-11.0%)
  • May 18, 2022 Listed
    $4,495,000 (+199.7%)
  • Dec 2022
    Public Records
  • Dec 22, 2022 Sold
    $3,260,000 (-6.9%)
  • May 2017
    Public Records
  • May 31, 2017 Sold
    $1,500,000 (+275.0%)
  • Oct 2011
    Public Records
  • Oct 11, 2011 Sold
    $400,000
  • 821 N 3rd St
    $3.26M
  • Downtown Phoenix
    $500K +5% y/y
  • 85004
    $499K 0% y/y
  • Phoenix
    $465K -2% y/y
No chart available
Statistics calculated by Movoto

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2/10
Ralph Waldo Emerson 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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