1702 E Cambridge Avenue, Phoenix, AZ 85006

$450,000
Property Type: Multiple Dwellings Bedrooms: 4 Baths: 2 Status: Active
Current Price: $450,000 Last Modified: 8/21/2026

Overview

Description

Uniquely located immediately behind Phoenix Children's Hospital just west of the SR-51 Freeway, Cambridge II presents a unique value-add duplex offering. Built in 1986 and consisting of 2 x 2-bed, 1-bath floorplans averaging 672 SF, future ownership will have the opportunity to complete a renovation program to capture rent premiums already achieved in the the market. Alternatively, the property is positioned well for short-term renting for traveling nurses (given it's proximity to Phoenix Children's Hospital) and/or an owner-occupied investment approach. ***PROPERTY IS CURRENTLY VACANT. LEASING WILL COMMENCE BY MID-SEPTEMBER.

Listing Details MLS# 7069799

Location, Tax & Legal

House Number
1702
Compass
E
Street Name
Cambridge
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85006
Country
US
County Code
Maricopa
Assessor Number
117-04-035
Tax Year
2025
Assessor's Map #
4
Assessor's Parcel #
35
Add'l Parcels
No
Tax Municipality
Phoenix
Taxes
831.08
Legal
GREENFIELD AC TR 2 LOT 31 S 50ft OF W 104ft
Marketing Name
Cambridge II

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
5200 SF
Year Built
1986
Uncvrd Parking Spcs
4
Total # of Units
2
# of Buildings
Yes
Zoning
R-3
Flood Zone
No
Elementary School District
Creighton Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
17th Street

Legal Info

Lot Number
31

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1400
Avg SqFt
672
# Baths
Yes

More Information

Structure

Bedrooms Total
4
Bathrooms Total
2

Income Expenses

Gross Annual Sch Inc
30936
Net Operating Income
21505

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Email
Yes

Project Type

Duplex
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Wood Frame
Yes

Const - Finish

Stucco
Yes

Roofing

Composition
Yes

Floors

Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
200
Annual Ins Exp
1000
Annual Landscape Exp
1200
Annual Maint Exp
1500
Annual Mgmt Exp
1530
Annual Trash Exp
1200
Annual Wtr/Swr Exp
1200
Owner Association
No
Annual Ownr Asoc Fee
0
Annual Rplcmnt Rsrvs
500
Operating Exp
9161.08
Other Income
2092
Vacancy Allowance
0.06
Adjusted Gross Inc
31046.32

Pmt & Rate Info

Cap Rate
4.78
Down Payment
90000
Equity
450000
Down Payment %
0.2
Monthly Payments
2275.44
Total Owed
0

Payment Includes

Principal
Yes
Interest
Yes

Lockbox Type

Combo
Yes

Community Features

See Remarks
Yes

Heating

Electric
Yes
Central
Yes

Cooling

Central Air
Yes
Electric
Yes
Individual
Yes

Exterior Amenities

Partially Fenced
Yes
Sidewalk(s)
Yes
Patio/Balcony
Yes
Separate Storage
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Disposal
Yes
Refrigerator
Yes
Free-Standing Range
Yes

Road Access Type

City Street
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Projected Proforma
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
Yes
Paved
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
No Carry
Yes
1031 Exchange
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Property Features

Project Type: Duplex Construction: Wood Frame Const - Finish: Stucco Roofing: Composition Floors: Tile Sale Includes: Land & Building Payment Includes: Principal; Interest Community Features: See Remarks Exterior Amenities: Partially Fenced; Sidewalk(s); Patio/Balcony; Separate Storage Appliances Included: Free-Standing Range; Refrigerator; Disposal Heating: Central Cooling: Electric; Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: >1 Space Per Unit; Paved Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text; Email Lockbox Type: Combo New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange Environmental: None
IDX
Listing Office: Marcus & Millichap
Last Updated: August - 21 - 2026
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