1946 E JONES Avenue, Phoenix, AZ 85040

$375,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $375,000 Last Modified: 6/16/2026

Overview

Description

Incredible investment opportunity with built-in income potential! This duplex features two identical 3-bedroom, 1-bath units--perfect for investors or owner-occupants looking to live in one and rent the other. Each unit offers a bright, open kitchen and living area, fresh interior paint, and its own fully fenced lot for added privacy and outdoor space. With NO HOA and strong rental appeal, this property delivers flexibility, value, and long-term potential. Whether you're expanding your portfolio or seeking a smart house-hack opportunity, this duplex is a must-see!

Listing Details MLS# 7017827

Location, Tax & Legal

House Number
1946
Compass
E
Street Name
JONES
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85040
Zip4
1422
Country
US
County Code
Maricopa
Subdivision
PROGRESS PLACE
Assessor Number
122-32-101
Tax Year
2025
Assessor's Map #
32
Legal Description (Abbrev)
LOT 101 PROGRESS PLACE MCR 006318
Assessor's Parcel #
101
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
115300
Taxes
1005
Legal
LOT 101 PROGRESS PLACE MCR 006318
Marketing Name
Progress Place

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
70x109
Year Built
1998
Total # of Units
2
# of Buildings
Yes
Zoning
Residential
Elementary School District
Roosevelt Elementary District
High School District
Phoenix Union High School District
Elementary School
Irene Lopez School
Jr. High School
Irene Lopez School
High School
South Mountain High School
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
S 20th St
Directions
Take a right on E. Jones Ave., take a right on S. 20th St., take a left on E. Jones Ave., house is on the right - 1946 E. Jones Ave.

Status Change Info

Off Market Date
2026-05-01
Under Contract Date
2026-04-24
Close of Escrow Date
2026-04-30

Legal Info

Township
1N
Range
3E
Section
22
Lot Number
101

More Information

Income Expenses

Gross Annual Sch Inc
30360
Net Operating Income
25198

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes
Phone Call
Yes

3 Bedrooms Units

# 3 Bedroom Units
2
Avg Rent
700
Avg SqFt
1700
# Baths
2

Contact Info

List Agent Home Phn
(623) 277-0248
List Agent Hme Phn 2
(623) 277-0248
List Agent Cell Phn2
(623) 277-0248

Sold Info

Loan Type
Cash
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Duplex
Yes

Construction

Block
Yes

Const - Finish

Stucco
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
1005
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
30360

Pmt & Rate Info

Cap Rate
6.72
Equity
375000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

Supra
Yes

Community Features

Other
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Tenant Pays

Water
Yes
Sewer
Yes
Electricity
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Free-Standing Electric Oven
Yes
Microwave
Yes
W/D Hookup
Yes

Road Surface Type

Concrete
Yes

Source of Fincl Data

Owner
Yes

Water Source

Community Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

None
Yes

Electric

City Electric
Yes

Gas

None
Yes

Owner Pays

None
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
Other (See Remarks)
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Duplex Construction: Block Const - Finish: Stucco Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building Community Features: Other Appliances Included: Free-Standing Electric Oven; Dishwasher; Disposal; Microwave; W/D Hookup Cooling: Central Air Water Source: Community Franchise Sewer: Sewer - Public Electric: City Electric Gas: None Parking Features: None Road Surface Type: Concrete Owner Pays: None Tenant Pays: Water; Sewer; Electricity Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; Other (See Remarks) Environmental: None
IDX
Listing Office: My Home Group Real Estate
Last Updated: June - 16 - 2026
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