347 N 16th Avenue, Phoenix, AZ 85007
- $375,000
- List Price
- $375,000
- Status
- ACTIVE
- Days on Market
- 166
- MLS#
- 6992517
- City
- Phoenix
- Year Built
- 1951
Property 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.
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Additional Information
- Taxes
- $1,329
- Net Operating Income
- $26,011
- Cap Rate
- 0.01
- Units
- 3
- Parking Features
- >1 Space Per Unit
- Construction
- Wood Frame, Painted, Stucco
- Roofing
- Composition
- Cooling
- Central Air, Heat Pump, Electric, Varies by Unit
- Heating
- Electric, Heat Pump, Varies by Unit, Central
- Zoning
- R-5
- Subdivision
- Capitola Place
- Community Features
- Other
- Electric
- APS
- Water
- City Franchise
- Tenant Pays
- Electricity, Gas
- New Financing
- VA Loan, FHA, Conventional, 1031 Exchange, Cash
- Elementary School
- Capitol Elementary School
- Middle School
- Capitol Elementary School
- High School
- Metro Tech High School
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Listing courtesy of McMath Realty LLC.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.