Renovated 4-Plex in Garfield
502 N 11TH Street, Phoenix, AZ 85006
MULTI_FAMILY - Phoenix, AZ
- Added:
- Oct 25, 2025
- Days on Market:
- 209
- Last Refresh:
- May 21 at 7:06 pm
Property Features for 502 N 11TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Parking features
- On Street
- Exterior features
- Sidewalk(s)
- Appliances
- Refrigerator, Free-Standing Gas Oven, Washer/Dryer
- Standard status
- Active
- APN
- 116-26-102
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- MT PLEASANT TR PT LOTS 7 & 8 BLK 5 S 70'
- Tax Annual Amount
- 1288
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Heat Pump (Heating)
- Cooling system
- Ceiling Fan(s), Central Air
Building Details
- Year built
- 1960
- Number of units
- 4
- Flooring type
- Tile
- Building materials
- Painted, Block
- Roof type
- Composition
Listing agent Sherry A McQueen (602) 672-0872
Listing office CTS Realty 16718 N 49th Wy, scottsdale, AZ (602) 795-0341
Listing date Oct 25, 2025
MLS# 6938774
Listing URL
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HighLights
- Strong cash flow and long‑term appreciation potential in a rapidly appreciating downtown Phoenix neighborhood.
- Located in the desirable Garfield Historic District, close to downtown employment, hospitals, universities, and entertainment.
- Four units: (2) one‑bedroom/one‑bath and (2) studio flats, providing diverse rental options.
- Each unit includes gas ranges and full‑size stackable washer/dryers.
- Units are individually sub‑metered for electric and gas, with tenants responsible for utility payments.
- Comparable properties in the area selling for upwards of $800K, with vacant lots listed over $1M, indicating strong investment value.
Overview
Located in the Garfield Historic District, this 4-plex offers strong cash flow and long-term appreciation potential. The property, built in 1960 and renovated throughout the years, features four units: two one-bedroom, one-bath units and two studio units. All units include gas ranges and full-size stackable washer/dryers. Each unit has central air conditioning. The units are submetered for electric and gas, which tenants pay. The property is located in the heart of downtown Phoenix's urban landscape. The property is positioned in a high-demand rental market in central Phoenix, minutes from downtown employment, hospitals, universities, and entertainment. This property is suitable for investors seeking cash flow and appreciation potential in one of Phoenix's dynamic central neighborhoods. There is potential to increase rents over time in a rapidly appreciating neighborhood and to further enhance units for additional upside.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.059241
- Latitude
- 33.454044
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Well-maintained 4-plex in Phoenix's booming rental market.
Where is this quadplex located?
The property is located at 502 N 11TH Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Strong cash flow and long‑term appreciation potential in a rapidly appreciating downtown Phoenix neighborhood.; Located in the desirable Garfield Historic District, close to downtown employment, hospitals, universities, and entertainment.; Four units: (2) one‑bedroom/one‑bath and (2) studio flats, providing diverse rental options.
