1301 E DURANGO Street, Phoenix, AZ 85034 (MLS# 7042693)

1301 E DURANGO Street, Phoenix, AZ 85034

$756,847

Property Type: Multiple Dwellings Status: Active

Current Price: $756,847 Last Modified: 6/16/2026

Overview

Description

Fantastic investment opportunity in the heart of Phoenix! This unique property features two detached homes on one oversized 10,000+ square foot lot, offering immediate cash flow and future upside. The front home offers 5 bedrooms and 2 bathrooms (rented for $3,200 per month), while the second home features 3 bedrooms and 2 bathrooms (rented for $2,161 per month). Both residences have been updated with modern finishes including upgraded kitchens, remodeled bathrooms, updated flooring, and contemporary fixtures. Currently generating strong rental income with both units occupied, this property is ideal for investors seeking a turnkey addition to their portfolio.

Supplements: Zoned R-2 with ample land remaining, the property offers potential for additional units or future redevelopment opportunities, subject to buyer verification. Additional highlights include block construction, covered parking, multiple uncovered parking spaces, separate living areas, and a central Phoenix location with convenient access to I-10, Sky ... (Read more)

Listing Details MLS# 7042693

Location, Tax & Legal

House Number: 1301
Compass: E
Street Name: DURANGO
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85034
Zip4: 5206
Country: US
County Code: Maricopa
Subdivision: HILTON PLACE
Assessor Number: 115-37-041-A
Tax Year: 2025
Assessor's Map #: 37
Legal Description (Abbrev): HILTON PL MCR 22-33 LOT 13 BLK 1 EX TH POR OF ALLEY LY S OF & AJD TO SD LOT ANNEX ORD #G-273 PER DOC
Assessor's Parcel #: 41
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 117200
Taxes: 1932
Legal: HILTON PL MCR 22-33 LOT 13 BLK 1 EX TH POR OF ALLEY LY S OF & AJD TO SD LOT ANNEX ORD #G-273 PER DOC
Marketing Name: Hilton Place Apartments

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 100x100
Year Built: 1936
Uncvrd Parking Spcs: 6
Total # of Units: 2
# of Buildings: 2
Zoning: R-2
Flood Zone: No
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Silvestre S Herrera School
Jr. High School: Silvestre S Herrera School
High School: North High School

Remarks Misc

Cross Street: I-10 and 14th st
Directions: From I-10, take the 16th St exit and head north. Turn left (west) on Durango St. Property is located on the northwest corner of Durango St and 14th St.

Legal Info

Township: 1N
Range: 3E
Section: 16
Block: Yes
Lot Number: 13

Income Expenses

Gross Annual Sch Inc: 64332
Net Operating Income: 60032

More Information

Showing Notification Methods

Showing Service: Aligned Showings

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 2161
# Baths: 2

4 Bedrooms Units

# 4 Bedroom Units: Yes
Avg Rent: 3200
# Baths: 2

Project Type

Duplex: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Concrete: Yes
Vinyl: Yes
Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1300
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 3000
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 6232
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 64332
Total Monthly Rental Income: 5361

Pmt & Rate Info

Cap Rate: 7.93
Equity: 756847
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Central: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Exterior Amenities

Desert Landscaping: Yes
Fenced: Yes

Tenant Pays

None: Yes
Other (See Remarks): Yes

Appliances Included

Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
Free: Yes
>1 Space Per Unit: Yes
Add'l Parking Avail: Yes

Electric

City Electric: Yes
Other (See Remarks): Yes

Gas

SW Gas: Yes

Owner Pays

None: Yes
Other: Yes
See Remarks: Yes

New Financing

Cash: Yes
Conventional: Yes
1031 Exchange: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes
Other (See Remarks): Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

Property Features

Project Type: Duplex Construction: Block Const - Finish: Painted; Stucco Roofing: Composition Floors: Concrete; Vinyl; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced Appliances Included: Free-Standing Range; Refrigerator; Microwave Heating: Central Cooling: Ceiling Fan(s); Electric; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: City Electric; Other (See Remarks) Gas: SW Gas Parking Features: Carport; >1 Space Per Unit; Add'l Parking Avail; Free Road Surface Type: Asphalt Owner Pays: None; Other; See Remarks Tenant Pays: None; Other (See Remarks) Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; 1031 Exchange Environmental: None; Other (See Remarks)

Listing Office: West USA Realty

Last Updated: June - 16 - 2026