Address
326 N 18th Avenue, Phoenix, AZ
Price
$ 379,700
Property Attributes
- ID#7055964
- TypeMulti-Family
- Listing Status UCB (Under Contract-Backups)
- CountyMARICOPA
- CityPhoenix
- NeighborhoodOakland
- Zip85007
- StyleMultiple Dwellings
- Year Built1926
- Taxes$ 928
- Price$ 379,700
- Bedrooms5
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description
Income producing Duplex built in 1926 on a 8,700 square foot lot (0.2 acres) in the Oakland subdivision. One 2 bed 1 bath unit and one 1 bed 1 bath unit. Construction is masonry and reinforced concrete tilt up frame. Both units are currently leased and produce rental income. Zoning is R-5 (multiple family residential), and the lot sits directly beside 324 N 18th Ave, single family home, that is also rented, producing income and is also for sale, see MLS 7055892. Together, the two parcels total 0.4 acres of R-5 land, positioned for redevelopment into multiple rental units. 324 N 18th Ave and 326 N 18th Ave sit side by side, share R-5 zoning, and total 0.4 acres. Both properties generate income under current use, which lets a buyer hold and collect rent while pursuing entitlements. Buyer to confirm current development standards, parking requirements, and permitted density with the City of Phoenix Planning and Development Department. Buyer to perform all due diligence.
| Elementary School | Middle School | High School |
|---|---|---|
| Capitol Elementary School | Capitol Elementary School | Central High School |
| Price History | |
|---|---|
| 7/18/2026 | Listed $389,700 |
| 8/4/2026 | 3$379,700 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air,Electric |
| Cooling | Central Air |
| Roof | Built-Up,Foam |
| Zoning | R-5 |
| Construction Materials | Stucco,Block |
| Year Built | 1926 |
| Electric | APS |
| Tax Year | 2025 |
| Ownership | Fee Simple |
| Gross Income | 23085.0 |
| OwnerPays | Trash Collection,Water,Sewer |
| Community Features | No Pool |
| County | Maricopa |
| Net Operating Income | 23085.0 |
| Operating Expense | 2728.0 |
| New Construction | No |
| Property Type | Multiple Dwellings |
| Attached Garage | No |
| Subdivision Name | Oakland |
| Garage Y/N | No |
| Status | UCB (Under Contract-Backups) |
| Directions | East to 18th Avenue. North on 18th Avenue to property on the left. Look for the sign. Two properties available,324 and 326 N 18th. |
| High School | Central High School |
| City | Phoenix |
| Disclosures | Other (See Remarks) |
| High School District | Phoenix Union High School District |
| Open Parking Spaces | 4.0 |
| Number Of Units Total | 2 |
| Carport Y/N | No |
| Elementary School | Capitol Elementary School |
| Tax Annual Amount | 928.0 |
| Middle/Junior High School | Capitol Elementary School |
| Water Sewer Expense | 1800.0 |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Standard Status | Active Under Contract |
| Occupancy Type | Tenant |
| Elementary School District | Phoenix Elementary District |
| Tax Lot | 15 |
| Cap Rate | 6.08 |
| MobileHomeRemainsYN | No |
| New Financing: Conventional | True |
| Ownership | Fee Simple |
| Senior Community | No |
| New Financing: Cash | True |
Interior Features
| Flooring | Tile,Laminate,Vinyl |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Total Bedrooms | 5 |
| Total Baths | 3 |
Exterior Features
| Parking Features | Add'l Parking Avail,Carport |
|---|---|
| Water Source | City Franchise |
| Total Parking | 5.0 |
| Number of Buildings | 1 |
| Spa | No |
| Lot Dimensions | 59.98 x 144.94 x 60.79 x 144.81 |
| Road Surface Type | Asphalt |
| Covered Spaces | 1.0 |
| Crops Included Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 85007
Price
Taxes
Year Built
Visits
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