New Duplex Near Downtown
1712 S 3RD Street Phoenix, AZ 85004
For Sale
$683,990
MULTI_FAMILY - Phoenix, AZ
Property Size2,554 SF
Price / SF$267.81
Days on Market155
Property Features for 1712 S 3RD Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- R3
- Parking features
- Garage - Attached
- Exterior features
- Rain Gutters
- Appliances
- Disposal, Free-Standing Electric Oven, Microwave
- Standard status
- Active
- APN
- 112-39-013
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- COPE ADD
- Tax Annual Amount
- 488
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Energy Star Qualified Equipment (Heating), Heat Pump (Heating)
- Cooling system
- Heat Pump
Building Details
- Year built
- 2026
- Number of units
- 2
- Flooring type
- Laminate, Vinyl
- Building materials
- Lap Siding, Wood Frame, Stucco
- Roof type
- Composition
Listing Agency:
eXp Realty
(888) 897-7821
Listed By:
Steven Zajdzinski · License #BR514106000
(480) 241-9927
Added: Feb 20
Changed: Jul 25
Last Checked: Jul 25 at 8:06AM
MLS# 6987709
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This is a to-be-built, brand new duplex located in Phoenix, Arizona. Each unit features 3 bedrooms and 2.5 bathrooms, with 1,277 square feet per home, totaling 2,554 square feet for both units. A 3.99% rate buy down is available. The property is situated in the growth corridor of the new South Central Light Rail expansion, offering an exciting opportunity to own a homesite near Downtown Phoenix. It is a short drive to Footprint Center, CHASE FIELD, and the Arizona Science Center, with quick access to various dining, shopping, entertainment options, and freeways. The zoning is R3. Single-family or multi-family options are available for new construction.
Key Highlights
- New duplex under construction, built in 2026 (to be built)
- 3 bed, 2.5 bath in each unit with 1,277 SF per home for 2,554 SF total
- Attached garage and rain gutters
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.6k | $19.80 |
| − Vacancy | −$2.8k | −$1.09 |
| EGI | $47.8k | $18.71 |
| − OpEx | −$14.3k | −$5.61 |
| NOI | $33.5k | $13.10 |
2,554 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$477.9K
$418.2K – $557.5K
NOI $33,452 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$425.6K
$372.4K – $496.5K
NOI $29,789 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$773.6K
$676.9K – $902.6K
NOI $54,154 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - New duplex near downtown Phoenix with light rail expansion potential.
Where is this duplex located?
The property is located at 1712 S 3RD Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $683,990.
What are key features of this property?
This property features: New duplex under construction, built in 2026 (to be built); 3 bed, 2.5 bath in each unit with 1,277 SF per home for 2,554 SF total; Attached garage and rain gutters
