3311 E Cambridge Avenue, Phoenix, AZ 85008

$650,000
Property Type: Multiple Dwellings Bedrooms: 5 Status: Active
Current Price: $650,000 Last Modified: 9/17/2026

Overview

Description

5 unit multi family property w/ possibility for 6th unit. All units are detached1Bed/1Bath Apt at 32nd St and Thomas! Apt inc living room, kitchen, 1 bed, 1 bath, tile/vinyl flooring throughout, ceiling fans. Gross monthly revenue on this building is $5296 w/ good refundable sec dep on all units. One unit is vacant. All units individually metered for electric and gas--all paid by tenant. Some units have covered parking. Tenants each pay an equal share of common area utility bills. Great location--close to bus routes and near The Phoenix Zoo, Phoenix Sky Harbor, Perry Park, AZ-51, and AZ- Loop 202. Shopping, and food/drink close by!

Listing Details MLS# 7081367

Location, Tax & Legal

House Number
3311
Compass
E
Street Name
Cambridge
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85008
Zip4
1215
Country
US
County Code
Maricopa
Subdivision
TABER TRACT
Assessor Number
120-04-110-A
Tax Year
2025
Assessor's Map #
4
Assessor's Parcel #
110
Assessor Parcel Ltr
A
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
111401
Taxes
685
Legal
(04-02) RENTAL RESIDENTIAL
Marketing Name
Multi Family Package

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
8311 sq ft
Year Built
1940
Total # of Units
5
# of Buildings
6
Zoning
R2
Flood Zone
No
Elementary School District
Creighton Elementary District
High School District
Phoenix Union High School District
Elementary School
Monte Vista Elementary School
Jr. High School
Monte Vista Elementary School
High School
Camelback High School
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
North 32nd Street/ East Thomas Road
Directions
From the 51 (Piestewa Freeway)/ East on Thomas Road/ South on 32nd Street/ East on Cambridge Ave/ Property on Right

Legal Info

Lot Number
8

1 Bedroom Units

# 1 Bedroom Units
5
Avg Rent
979

More Information

Structure

Bedrooms Total
5

Income Expenses

Gross Annual Sch Inc
63552
Net Operating Income
51502

Showing Notification Methods

Showing Service
Aligned Showings

Project Type

5 - 12 Units
Yes

Efficiency Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Siding
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes

Sale Includes

Land & Building
Yes
Personal Property
Yes

Income & Expenses

Annual Ins Exp
2365
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
4500
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
7550
Other Income
0
Vacancy Allowance
0.01
Adjusted Gross Inc
62916.48

Pmt & Rate Info

Cap Rate
7.92
Equity
650000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

Other
Yes

Community Features

No Pool
Yes

Heating

Central
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes

Exterior Amenities

Cable TV Available
Yes
Patio/Balcony
Yes

Interior Features

Vertical Blinds
Yes
Mini Blinds
Yes

Tenant Pays

Gas
Yes
Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes
Cable TV
Yes

Appliances Included

Free-Standing Gas Oven
Yes
Refrigerator
Yes

Road Surface Type

Concrete
Yes
Dirt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes
Sewer-In & Connected
Yes

Parking Features

Carport
Yes
On Street
Yes
<1 Space Per Unit
Yes
Assigned
Yes

Electric

SRP
Yes
Individual Meter
Yes

Gas

SW Gas
Yes
Individual Meter
Yes

Owner Pays

Landscaping
Yes

New Financing

Cash
Yes
Conventional
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Property Features

Project Type: 5 - 12 Units Construction: Wood Frame Const - Finish: Painted; Siding Roofing: Composition Floors: Vinyl Sale Includes: Land & Building; Personal Property Community Features: No Pool Exterior Amenities: Cable TV Available; Patio/Balcony Interior Features: Vertical Blinds; Mini Blinds Appliances Included: Free-Standing Gas Oven; Refrigerator Heating: Central Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Sewer - Public; Sewer-In & Connected Electric: SRP; Individual Meter Gas: SW Gas; Individual Meter Parking Features: Carport; On Street; <1 Space Per Unit; Assigned Road Surface Type: Dirt; Concrete Owner Pays: Landscaping Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner Lockbox Type: Other Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Environmental: None
IDX
Listing Office: Market Edge Realty, LLC
Last Updated: September - 17 - 2026
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