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Duplex with Separate Drives
For Sale
Contact for pricing
Pending

216 E Carol Ave, Phoenix, AZ 85020

Two rental homes on one lot, each with separate driveways, laundry, and private yards.

Property SizeContact for details
Days on Market151

Property Features for 216 E Carol Ave

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 2

Building Details

Tenancy Multi
Listing Agency: S. J. Fowler Real Estate Inc.
Listed By: Brian Gaffney · License #AZ BR536606000
Source: Crexi
Added: Apr 11 Changed: Aug 13 Last Checked: Sep 6 at 8:43PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of S. J. Fowler Real Estate Inc.

Investment Insights

Based on property information with market context.

This duplex features two separate residences on one lot, with distinct drives, separate laundry areas, and private yards. The front unit is a 3-bedroom, 1.5-bath home currently occupied by a long-term tenant on a month-to-month lease. The back unit is a 2-bedroom, 1-bath home that has been remodeled with dual pane windows, new plumbing, a new bathroom, and a new kitchen, and is also leased on a month-to-month basis.

The property is located near the John C. Lincoln Hospital corridor and within the Sunnyslope School District, with a bus stop just south providing transportation across the city.

Operating costs are noted at approximately $175 per month for water/sewer/trash, with tenants responsible for all other utilities.

Key Highlights

  • Two SFR rental homes on one lot: front 3 bed/1.5 bath and back 2 bed/1 bath
  • Front unit tenant is month‑to‑month at $1,300/month
  • Back unit is month‑to‑month at $1,600/month and has been remodeled with dual pane windows, new plumbing, new bathroom, and new kitchen

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Daycare Center Computer & Electronic Repair (Bike/Boat/Book/etc) Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,757
Businesses Nearby

Demographics for 85020, AZ

34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two rental homes on one lot, each with separate driveways, laundry, and private yards.
Where is this duplex located?
The property is located at 216 E Carol Ave Phoenix, AZ.
What are key features of this property?
This property features: Two SFR rental homes on one lot: front 3 bed/1.5 bath and back 2 bed/1 bath; Front unit tenant is month‑to‑month at $1,300/month; Back unit is month‑to‑month at $1,600/month and has been remodeled with dual pane windows, new plumbing, new bathroom, and new kitchen
More about this property
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