347 N 16TH Avenue, Phoenix, AZ 85007

$375,000
Property Type: Multiple Dwellings Status: Pending
Current Price: $375,000 Last Modified: 8/19/2026

Overview

Description

Excellent opportunity to own a cash flowing, low maintenance triplex near downtown Phoenix. Two 2-bedroom, 1 bath units and one renovated 1-bedroom, 1 bath unit. On-site laundry. Corner lot with 2 buildings. Strong rents with consistent, stable tenants. Opportunity for value-add and rent increases.

Listing Details MLS# 6992517

Location, Tax & Legal

House Number
347
Compass
N
Street Name
16TH
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85007
Zip4
2444
Country
US
County Code
Maricopa
Subdivision
CAPITOLA PLACE
Assessor Number
111-26-028
Tax Year
2025
Assessor's Map #
26
Legal Description (Abbrev)
LOT 30 CAPITOLA PLACE MCR
Assessor's Parcel #
28
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
112900
Taxes
1329
Legal
LOT 30 CAPITOLA PLACE MCR 000407
Marketing Name
CAPITOLA

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
6754 total sq ft
Year Built
1951
Uncvrd Parking Spcs
4
Total # of Units
3
# of Buildings
2
Zoning
R-5
Flood Zone
No
Elementary School District
Phoenix Elementary District
High School District
Phoenix Union High School District
Elementary School
Capitol Elementary School
Jr. High School
Capitol Elementary School
High School
Metro Tech High School

Remarks Misc

Cross Street
19th Ave & Van Buren
Directions
East on Van Buren from 19th Ave. North on 16th Ave.

Status Change Info

Off Market Date
2026-08-19
Under Contract Date
2026-08-19

Legal Info

Township
1N
Range
3E
Section
6
Lot Number
30

More Information

1 Bedroom Units

# 1 Bedroom Units
Yes
Avg Rent
850
Avg SqFt
400
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
950
Avg SqFt
800
# Baths
Yes

Income Expenses

Gross Annual Sch Inc
33000
Net Operating Income
26011

Showing Notification Methods

Showing Service
Aligned Showings

Project Type

Tri-Plex
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Laminate
Yes
Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Wtr/Swr Exp
5660
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
6989
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
33000
Total Monthly Rental Income
2750

Pmt & Rate Info

Cap Rate
0.01
Equity
375000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

Other
Yes

Heating

Heat Pump
Yes
Electric
Yes
Individual
Yes
Central
Yes

Cooling

Central Air
Yes
Electric
Yes
Heat Pump
Yes
Individual
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Appliances Included

Free-Standing Gas Oven
Yes
Refrigerator
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Property Features

Project Type: Tri-Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Laminate; Tile Sale Includes: Land & Building Community Features: Other Appliances Included: Free-Standing Gas Oven; Refrigerator; W/D Hookup Heating: Individual; Central; Heat Pump Cooling: Electric; Heat Pump; Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: McMath Realty LLC
Last Updated: August - 19 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.