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    315 E Carol Ave Phoenix, AZ 85020

    New
    For Sale
    $595,000

    MULTI_FAMILY - Phoenix, AZ

    Days on Market:
    4
    Last Refresh:
    Dec 13 at 6:06 pm

    Property Features for 315 E Carol Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R3
    Rooms
    Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 5
    Bedrooms
    5
    APN
    159-45-086
    Appliances
    Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Heat Pump (Heating), Central
    Cooling system
    Central Air, Electric, Multi Units, Heat Pump

    Building Details

    Year built
    1940
    Number of units
    3
    Flooring type
    Vinyl, Tile - Ceramic
    Building materials
    Wood Frame, Painted, Stucco
    Roof type
    Composition

    Grayson & Grayson (602) 418-2950 [email protected]

    Listing agent Keith Grayson (602) 418-2950

    Listing date Dec 10, 2025

    MLS# 6955520 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

    Renovated Multi-Family Property, Phoenix

    This professionally managed multi-family property, located in Phoenix, Arizona, features two buildings. The property has been newly renovated, including a new roofing system, foundation repairs, exterior and interior paint, new water heaters and plumbing fixtures, new white shaker cabinets, baseboards and trim, stainless steel GE appliances, R-38 insulation, 20 mm vinyl flooring, and vinyl windows. Updated heating and cooling systems are also in place. The property consists of one 1-bedroom, 1-bath unit and two 2-bedroom, 1-bath units in the rear building. All units have 1-year leases and security deposits. Utility RUBS are charged to all units. Current rents total $3,585 per month, with an additional $795 per month in RUBS.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -112.068519
    Latitude
    33.572031

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    FAQs

    What type of property is this?
    Triplex - Professionally managed, renovated multi-family property with leases in place.
    Where is this triplex located?
    The property is located at 315 E Carol Ave Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: - Newly renovated with comprehensive updates including a new roofing system, foundation repairs, interior/exterior paint, water heaters, plumbing fixtures, cabinets, appliances, flooring, windows, insulation, and updated HVAC.; - Professionally managed property with existing leases and security deposits in place, providing immediate rental income.; - Total monthly income of $4,380, comprised of $3,585 in rent and $795 in RUBS (Ratio Utility Billing System).
    (602) 418-2950
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    315 E Carol Ave Phoenix, AZ 85020
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    Phoenix, AZ 85020
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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
    315 E Carol Ave Phoenix, AZ 85020
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