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    338 E Vogel Ave Phoenix, AZ 85020

    For Sale
    $1,150,000

    MULTI_FAMILY - Phoenix, AZ

    Days on Market:
    9
    Last Refresh:
    Dec 6 at 7:06 pm

    Property Features for 338 E Vogel Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-3
    Rooms
    Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 2
    Bedrooms
    3
    APN
    159-45-071
    Appliances
    Free-Standing Range, Refrigerator, Microwave, W/D Hookup

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Heat Pump, Electric

    Building Details

    Year built
    1962
    Number of units
    6
    Flooring type
    Vinyl, Concrete, Tile - Ceramic
    Building materials
    Painted, Block
    Roof type
    Composition

    Real Living SJ Fowler Real Estate (480) 649-3536 [email protected]

    Listing agent James C Stephens (602) 672-3526

    Listing date Nov 28, 2025

    MLS# 6944134 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

    Phoenix Multifamily Investment Opportunity

    This six-unit multifamily complex is located in North Phoenix, near Sunnyslope School and east of Central Avenue. It is also situated not far from North Mountain, OHSO Brewery, and Sushi Friend. The property features a large 13,500 square foot lot with R-3 zoning and a private driveway leading to a large rear parking lot. There have been over $216,000 in upgrades completed since 2022. The complex consists of three separate buildings and is currently 100% occupied. The property is well-operated and generates $10,104 in gross monthly rents, resulting in a 7% CAP rate. Seller financing is available with 25% down at 5.5% interest only.
    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 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
    -112.067925
    Latitude
    33.573478

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    FAQs

    What type of property is this?
    Apartment building - Six-unit complex in North Phoenix with attractive seller financing.
    Where is this apartment building located?
    The property is located at 338 E Vogel Ave Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Attractive Seller Financing Available: 25% down at 5.5% interest-only.; - High Income Potential: 7 CAP with $10,104 gross rents per month.; - Significant Recent Upgrades: Over $216K in upgrades since 2022.
    (602) 672-3526
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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
    338 E Vogel Ave Phoenix, AZ 85020
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