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    301 E Southern Ave E Phoenix, AZ 85040

    For Sale
    $899,990

    MULTI_FAMILY - Phoenix, AZ

    Days on Market:
    48
    Last Refresh:
    Dec 6 at 5:06 pm

    Property Features for 301 E Southern Ave E

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-5
    Rooms
    Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 7, Bedroom 6, Bedroom 1, Bedroom 7, Bedroom 8, Bathroom 1, Bathroom 3, Bathroom 5, Bathroom 2, Bedroom 2, Bathroom 6, Bedroom 9, Bathroom 4
    Bedrooms
    9
    APN
    114-02-034-A
    Appliances
    Refrigerator, Free-Standing Gas Oven, Free-Standing Electric Oven

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Ceiling Fan(s), Electric

    Building Details

    Year built
    1918
    Number of units
    7
    Flooring type
    Vinyl
    Building materials
    Wood Frame, Stucco
    Roof type
    Tile

    HomeSmart (602) 230-7600 [email protected]

    Listing agent Alejandra Mena (602) 277-7777

    Listing date Oct 20, 2025

    MLS# 6936126 Listing URL

    Copyright © 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Producing Multifamily Property

    This income-producing property features a total of 7 residential units, distributed between two buildings. The fourplex includes 3 units, consisting of 1-bedroom, 1-bath layouts and one studio. The triplex has 2 units with 2 bedrooms and 1 bath, and one unit with 1 bedroom and 1 bath. The property provides paved parking for residents and a gazebo as a common area. Centrally located in Phoenix, Arizona, it offers convenient access to shopping, bus and light rail routes. The property is approximately 6 miles from the airport and 5 miles from downtown Phoenix. The total monthly rent collected is $4825. All tenants are month to month. The zoning is R-5.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.069883
    Latitude
    33.391855

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    FAQs

    What type of property is this?
    Apartment building - Seven residential units near shopping, transportation, and downtown Phoenix.
    Where is this apartment building located?
    The property is located at 301 E Southern Ave E Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $899,990.
    What are key features of this property?
    This property features: - Income-producing property featuring 7 residential units.; - Total monthly rent of $4825 with income growth potential.; - Conveniently located near shopping, bus and light rail routes.
    (602) 277-7777
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    301 E Southern Ave E Phoenix, AZ 85040
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