1702 W SHANGRI LA Road, Phoenix, AZ 85029
$480,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$480,000
Last Modified:
2/21/2026
Description
Great triplex investment with mountain views! This value offers three separate units, each approximately 700 sq ft. Unit #1 is tenant-occupied, generating $1,110 in monthly rent, while Units #2 and #3 are vacant and ready for immediate occupancy. Each unit features an eat-in kitchen, a living room, tile flooring throughout high-traffic areas, two bedrooms with walk-in closets, and a full bathroom. Residents enjoy access to the large backyard, plus two assigned parking spaces per unit. The location has a bus stop right on the corner, nearby restaurants, shops, North Mountain & Shaw Butte Preserves, Peoria Ave, Winifred Green Park, and easy access to the I-17 fwy. Great multi-family investment, or multi-generational living, or house hacking!
More Information MLS# 6987996
Contract Info
Ownership: Fee Simple
Current Price: $480,000
List Price: $480,000
Status: Active
List Date: 2026-02-21
Location, Tax & Legal
Assessor's Map #: 12
Legal Description (Abbrev): S 1/3 OF FOLL DESC PROP S2 E2 NE4 NW4 SW4 SEC 19 EX W 200F & EX S 25F RD TH/OF & ALSO EX E 16F S ONE
Assessor's Parcel #: 46
Assessor Parcel Ltr: Q
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103615
Taxes: 1223
Legal: S 1/3 OF FOLL DESC PROP S2 E2 NE4 NW4 SW4 SEC 19 EX W 200F & EX S 25F RD TH/OF & ALSO EX E 16F S ONE
Marketing Name: Phx Triplex
House Number: 1702
Compass: W
Street Name: SHANGRI LA
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85029
Zip4: 3731
County Code: Maricopa
Assessor Number: 159-12-046-Q
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 96x68x24x76x81
Total # of Units: 3
Elementary School District: Washington Elementary School District
High School District: Glendale Union High School District
Elementary School: Sunnyslope Elementary School
Jr. High School: Sunnyslope Elementary School
High School: Sunnyslope High School
Year Built: 2002
Zoning: RESIDENTIAL
Legal Info
Range: 3E
Section: 19
Township: 3N
Lot Number: 159-12-046-Q
Project Type
Tri-Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Laminate: 1
Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1223
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 35340
Pmt & Rate Info
Cap Rate: 5.42
Equity: 480000
Down Payment %: 30
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Non-MLS Showing Service - See Private Remarks
Lockbox Type
Other: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Exterior Amenities
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Paved: 1
Assigned: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1100
Avg SqFt: 700
# Baths: 3
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: W Peoria Ave & N 19th Ave
Directions: From I-17 N take exit 208 toward Peoria Ave, Merge onto N Black Cyn Hwy, Head East onto W Peoria Ave, Turn left onto N 19th Ave, Turn right onto W Shangri La Rd. Property will be on the left.
Geo Lat: 33.58771
Geo Lon: -112.095754
Income Expenses
Gross Annual Sch Inc: 37200
Net Operating Income: 26000
Property Features
Project Type: Tri-Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Laminate; Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Patio/Balcony
Interior Features: Unfurnished
Appliances Included: Built-In Range; Refrigerator
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: >1 Space Per Unit; Assigned; Paved
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner; Projected Proforma
Lockbox Type: Other
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Environmental: None
Listing Office:
Rosenbaum Realty Group
Last Updated: February - 21 - 2026
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