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    321 E Carol Ave Phoenix, AZ 85020

    New
    Pending
    For Sale
    $725,000

    MULTI_FAMILY - Phoenix, AZ

    Days on Market:
    6
    Last Refresh:
    Dec 6 at 3:06 am

    Property Features for 321 E Carol Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R-3
    Rooms
    Bedroom 7, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 8, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 1, Bathroom 5, Bedroom 2, Bedroom 1, Bedroom 9, Bedroom 5
    Bedrooms
    9
    APN
    159-45-102-B
    Parking features
    Assigned
    Appliances
    Built-In Range, Refrigerator

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Electric (Heating)
    Cooling system
    Evaporative Cooling

    Building Details

    Year built
    1962
    Number of units
    5
    Flooring type
    Tile - Ceramic
    Building materials
    Painted, Block
    Roof type
    Composition

    Realty ONE Group (888) 461-0101 [email protected]

    Listing agent Dora Estrella (602) 670-2031

    Listing date Dec 1, 2025

    MLS# 6922842 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

    Fully Rented Multifamily Investment Opportunity

    This multifamily property features five fully rented units, each with a private fenced courtyard. Tenants benefit from designated parking at the rear of the property, with guest parking available in the front. An on-site coin laundry, professionally serviced and maintained, provides added convenience. The property is located near the Fire Department and John C. Lincoln Hospital. The location also offers views of North Mountain. This income-producing property is move-in ready.
    Property Profile Location Intelligence

    Current Use by Public Records

    E&E landscaping services Lawn Care Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -112.068268
    Latitude
    33.572034

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    FAQs

    What type of property is this?
    Apartment building - Five-unit property with private courtyards, parking, and on-site laundry.
    Where is this apartment building located?
    The property is located at 321 E Carol Ave Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: - Income-producing property with 5 fully rented units; - Each unit has a private fenced courtyard; - Convenient location near Fire Department and John C. Lincoln Hospital
    (602) 670-2031
    Request Owner's contact information
    321 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
    321 E Carol Ave Phoenix, AZ 85020
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