1224 E Dunlap Ave

$1,550,000
Price
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Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
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Sq. Ft.
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per Sq. Ft.

Description

Find your prime investment opportunity today! This is an 8-unit low-rise complex. Built in 1980, but was extensively upgraded in 2023, making it a turnkey investment with significant potential for income growth. Offering a mix of two standalone 2-bedroom, 2-bathroom units and six 2-bedroom, 1-bathroom units, with modern amenities and high-quality finishes. Each unit features spacious living areas, updated kitchens and bathrooms, and individual storage units. The complex also boasts ample parking...Find your prime investment opportunity today! This is an 8-unit low-rise complex. Built in 1980, but was extensively upgraded in 2023, making it a turnkey investment with significant potential for income growth. Offering a mix of two standalone 2-bedroom, 2-bathroom units and six 2-bedroom, 1-bathroom units, with modern amenities and high-quality finishes. Each unit features spacious living areas, updated kitchens and bathrooms, and individual storage units. The complex also boasts ample parking with 24 spaces and a well-maintained exterior. The proximity to major employers, shopping centers, hiking trails, and parks puts it in a highly desirable location, this property is perfect for long term tenants!
  1. Listed by Stephen Michael Patterson II • Brokerage DRE #LC718266001 • Axen Realty, LLC
    P: (623)-734-2609 C: (623)-734-2609 stephen2@asaphomes.com
  2. Listed by Stephen Patterson • Brokerage DRE #LC718266001 • Axen Realty, LLC
    P: (623)-846-7700 C: (623)-734-2723 spatterson@asaphomes.com

Property Details for 1224 East Dunlap Avenue

View YN
No
Zoning
R-3
LISTING UPDATED: 10/01/2025 02:15 PM

Property Details for 1224 East Dunlap Avenue

StatusActive
MLS #6732554
Days on Market514
Taxes$3,005 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMultiple Dwellings
Year Built1980
Lot Size-
CountyMaricopa County

Location

Listing Courtesy of Axen Realty, LLC
Add your commute

Building Information for 1224 East Dunlap Avenue

Stories-Residences8Year Built1980Building Size-Lot Size-

Payment Calculator

$7,910 per month

30 year fixed, 6.28% Interest

Principal and Interest

$7,659

Property Taxes

$250

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1224 East Dunlap Avenue

Summary
Location and General Information
  • Unparsed Address: 1224 E DUNLAP Avenue, Phoenix, AZ 85020
  • City: Phoenix
  • Coordinates: -112.055771, 33.568009
  • Country: US
  • County Or Parish: Maricopa
  • Directions: From SR-51 Freeway exit on Northern and head west. Turn right on N 12th St then turn right on Dunlap Ave. Property will be on the left.
  • Latitude: 33.568009
  • Longitude: -112.055771
  • Postal City: Phoenix
  • Postal Code: 85020
  • Postal Code Plus4: 3076
  • State Or Province: AZ
  • Street Suffix: Avenue
  • Year Built: 1,980
Taxes and HOA
  • Tax Annual Amount: $3,005.00
  • Tax Book Number: 159.00
  • Tax Legal Description: N 135.03' OF S 168.03' OF E 200' OF W 448' OF SW4 SE4 EX E 50' .47 AC
  • Tax Lot: 0
  • Tax Year: 2,023
Parking
  • Covered Spaces: 0
  • Garage YN: No
  • Open Parking Spaces: 24
  • Open Parking YN: Yes
  • Parking Features: Paved, >1 Space Per Unit
  • Parking Total: 24
School Information
  • High School District: Glendale Union High School District
Property
Lot Information
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Dimensions: Unknown
  • Lot Size Square Feet: 0.0
Property and Assessments
  • Disclosures: None
  • Documents Change Timestamp: 07-18-2024 11:20:17 AM
  • Documents Count: 2
  • Ownership: Fee Simple
  • Parcel Number: 15934145
  • Property Type: Multiple Dwellings
  • Public Survey Range: 3E
  • Public Survey Section: 28
  • Public Survey Township: 3N
Utilities
  • Electric: APS, Submetered System
  • Electric On Property YN: Yes
  • Sewer: Public Sewer
  • Water Source: City Franchise
Interior and Exterior Features
Exterior Features
  • Community Features: No Pool
  • Construction Materials: Painted, Block
  • Number Of Buildings: 3
  • Number Of Units Total: 8
  • Roof: Composition
Interior Features
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Integer: 0
  • Cooling: Central Air, Ceiling Fan(s), Individual
  • Cooling YN: Yes
  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Heating: Individual, Central
  • Heating YN: Yes
Multi Family
Income & Expenses
  • Gross Income: $133,418.73
  • Gross Scheduled Income: $139,391.43
  • Net Operating Income: $102,913.73
  • Operating Expense: $30,505.00
  • Other Expense: $27,500.00

Property History for 1224 East Dunlap Avenue

DateEvent & SourcePriceAppreciation
May 6, 2025

Price Change

ARMLS #6732554

$1,550,000—
Apr 29, 2025

Listed (Active)

ARMLS #6732554

—
Apr 28, 2025

Sold

ARMLS #6732554

$1,525,000—
Apr 15, 2025

In Contract

ARMLS #6732554

—
Apr 9, 2025

Pending

ARMLS #6732554

—
Mar 18, 2025

Price Change

ARMLS #6732554

$1,700,000—
Dec 18, 2024

Price Change

ARMLS #6732554

$1,900,000—
Jul 17, 2024

Listed (Active)

ARMLS #6732554

$2,075,000—
Jul 17, 2023

Sold (Public Record)

Public Record #1515339010

$1,650,000

+18.3% / yr

Jul 9, 2021

Sold

ARMLS #6226255

$1,200,000—
Jul 8, 2021

Sold (Public Record)

Public Record #1465839950

$1,175,000—
May 10, 2021

Pending

ARMLS #6226255

—
Apr 23, 2021

Listed (Active)

ARMLS #6226255

$1,199,900—
DateEvent & SourcePrice
05/06/2025

Price Change

ARMLS #6732554

$1,550,000
04/29/2025

Listed (Active)

ARMLS #6732554

—
04/28/2025

Sold

ARMLS #6732554

$1,525,000
04/15/2025

In Contract

ARMLS #6732554

—
04/09/2025

Pending

ARMLS #6732554

—
03/18/2025

Price Change

ARMLS #6732554

$1,700,000
12/18/2024

Price Change

ARMLS #6732554

$1,900,000
07/17/2024

Listed (Active)

ARMLS #6732554

$2,075,000
07/17/2023

Sold (Public Record)

Public Record #1515339010

$1,650,000

+18.3% / yr

07/09/2021

Sold

ARMLS #6226255

$1,200,000
07/08/2021

Sold (Public Record)

Public Record #1465839950

$1,175,000
05/10/2021

Pending

ARMLS #6226255

—
04/23/2021

Listed (Active)

ARMLS #6226255

$1,199,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1224 East Dunlap Avenue

Taxable ValueLand-Additions-Total-
Tax Record2025$3,180 ($265 / month)
Home Facts
Total Finished SqFt4,352 SqFtAbove Grade Finished SqFt4,352 SqFtStories1Lot Size20,473 SqFtStyleMulti-Family Dwelling (2-4)Year Built1980ZoningR-3CountyMARICOPAAPN159-34-145

Schools near 1224 East Dunlap Avenue

This home is within Washington Elementary School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 5 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Desert View Elementary School
PublicPK to 6

Royal Palm Middle School
Public5 to 8

Sunnyslope High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

1224 East Dunlap Avenue is a multi-family home for sale in Phoenix, AZ 85020. This property was listed for sale on July 17, 2024 by Axen Realty, LLC, it's currently listed at $1,550,000. It has been on the market for a total of 514 days and was last sold on April 28, 2025. This listing's school districts are Glendale Union High School District, Washington Elementary School District. Nearby schools include Desert View Elementary School, Royal Palm Middle School and Sunnyslope High School. 1224 East Dunlap Avenue is a 0-bed, 0-bath, multi-family home built in 1980.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Axen Realty, LLC

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright© 2025 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.