347 N 16TH Avenue, Phoenix, AZ 85007

$375,000
Property Type: Multiple Dwellings Bedrooms: 5 Baths: 3 Status: Closed
Current Price: $375,000 Last Modified: 10/08/2026

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

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
Close of Escrow Date
2026-10-08

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

Structure

Bedrooms Total
5
Bathrooms Total
3

Income Expenses

Gross Annual Sch Inc
33000
Net Operating Income
26011

Showing Notification Methods

Showing Service
Aligned Showings

Sold Info

Loan Type
FHA
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Seller Assist - A
Buyer Concession $/%
$
Seller Concession to Buyer
3
Seller Concession $/%
%

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
Office Phone: 602-340-1222
Office Email: weldon@mcmathrealty.com
Last Updated: October - 08 - 2026
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