Sold
Last Sold Price
1602 W McDowell Rd, Phoenix, AZ 85007
Multi FamilyProperty Type
0.43 acresLot Size
1950Year Built
6 carsParking Spaces

Description

Attention investors! Value-add multifamily property with potential for seller financing! Being sold as-is and for well below market value. The property went thru a major renovation in 2008 with all electrical replaced, tankless water heaters installed for all units and all HVAC units replaced. The roof appears to be recently redone. Property is completely vacant. The units do not have kitchens, the bathrooms need work and there is no flooring.Attention investors! Value-add multifamily property with potential for seller financing! Being sold as-is and for well below market value. The property went thru a major renovation in 2008 with all electrical replaced, tankless water heaters installed for all units and all HVAC units replaced. The roof appears to be recently redone. Property is completely vacant. The units do not have kitchens, the bathrooms need work and there is no flooring.
  • Listed by: Patrick W O'Sullivan 480.409.1429 inquiry@getMULTIfamily.com • Cap Core Real Estate
Listing closed: 12/28/2015 12:00 AM • Source: ARMLS, MLS#: 5355031

Recent comparable sales

Median sold price

$549,000

Avg days on market

87

Sale-to-list ratio

94.7%

Phoenix, AZ

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Location

Listing Courtesy of Cap Core Real Estate

Sold By Cap Core Real Estate

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$7,066 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,669

Property Taxes

$397

HOA Dues

$4,000

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Property Information for 1602 West McDowell Road

Property Details
  • Taxes: $4,769 / year
  • Condo/Co-op Fees: $4,000 / month
  • MLS Type: Multiple Dwellings
  • Subdivision Name: FAIRVIEW PLACE BLKS 5-8
  • View YN: No
  • Zoning: R-5
Building Information
  • Residences: 10
  • Year Built: 1950
  • Lot Size: 0.43 AC / 18,880 SF
Summary
Location and General Information
  • Unparsed Address: 1602 W MCDOWELL Road, Phoenix, AZ 85007
  • City: Phoenix
  • Coordinates: -112.094048, 33.466116
  • Country: US
  • County Or Parish: Maricopa
  • Cross Street: W 15th Ave and N McDowell Rd
  • Directions: From W 15th Ave and N McDowell Rd, head west to 16th Ave, property is on the north west corner of 16th Ave and McDowell Rd.
  • Latitude: 33.466116
  • Longitude: -112.094048
  • Map Coordinate: P34
  • Postal City: Phoenix
  • Postal Code: 85007
  • Postal Code Plus4: 1608
  • State Or Province: AZ
  • Street Suffix: Road
  • Year Built: 1,950
Taxes and HOA
  • Tax Annual Amount: $4,768.80
  • Tax Block: 6
  • Tax Book Number: 111.00
  • Tax Legal Description: FAIRVIEW PL LOTS 91,92,93 & 94 BLK 6 EX TRI- ANGLE IN SE COR LOT 91 & EX S 7' LOTS 91,92,93&94 PER
  • Tax Lot: 91
  • Tax Parcel Letter: A
  • Tax Year: 2,015
Parking
  • Covered Spaces: 0
  • Garage YN: No
  • Open Parking Spaces: 6
  • Open Parking YN: Yes
  • Parking Features: Paved Parking, <1 Space Per Unit
  • Parking Total: 6
School Information
  • Elementary School: Kenilworth Elementary School
  • Elementary School District: Phoenix Elementary District
  • High School: Central High School
  • High School District: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Prep Academy
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: 118 x 160
  • Lot Size Square Feet: 0.0
Property and Assessments
  • Disclosures: None
  • Documents Count: 0
  • Ownership: Fee Simple
  • Parcel Number: 11107072A
  • Property Type: Multiple Dwellings
  • Public Survey Range: 3E
  • Public Survey Section: 31
  • Public Survey Township: 2N
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
Utilities
  • Electric: APS, Master Meter
  • Electric Expense: $.00
  • Electric On Property YN: Yes
  • Sewer: Public Sewer
  • Trash Expense: $2,000.00
  • Water Sewer Expense: $5,000.00
  • Water Source: City Franchise, Master Meter
Interior and Exterior Features
Exterior Features
  • Community Features: No Pool
  • Construction Materials: Painted, Block, Brick
  • Number Of Buildings: 3
  • Number Of Units Total: 10
  • Roof: Composition
Interior Features
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Integer: 0
  • Cooling: Electric
  • Cooling YN: Yes
  • Flooring: Carpet, Concrete
  • Heating: Heat Pump, 2 or More Units, Natural Gas
  • Heating YN: Yes
Multi Family
Income & Expenses
  • Fuel Expense: $.00
  • Gardner Expense: $.00
  • Gross Income: $82,080.00
  • Gross Scheduled Income: $86,400.00
  • Insurance Expense: $3,000.00
  • Maintenance Expense: $4,000.00
  • Net Operating Income: $51,745.00
  • Operating Expense: $30,334.80
  • Other Expense: $5,000.00
  • Professional Management Expense: $6,566.00
Rental
Rent Information
  • Tenant Pays: None

Property History for 1602 West McDowell Road

DateEvent & SourcePriceAppreciation
Dec 28, 2015

Sold

ARMLS #5355031

$525,000
Nov 13, 2015

Pending

ARMLS #5355031

Nov 11, 2015

Sold (Public Record)

Public Record #560810427

$525,000
DateEvent & SourcePrice
12/28/2015

Sold

ARMLS #5355031

$525,000
11/13/2015

Pending

ARMLS #5355031

11/11/2015

Sold (Public Record)

Public Record #560810427

$525,000

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

Public Records for 1602 West McDowell Road

Taxable ValueLand-Additions-Total-
Tax Record2025$8,399 ($700 / month)
Home Facts
Total Finished SqFt6,158 SqFtAbove Grade Finished SqFt6,158 SqFtStories2Lot Size13,750 SqFtStyleMulti-Family Res (5+ Units)Year Built1950Year Renovated1988ZoningM-HCountyMARICOPAAPN111-07-072-A

Schools near 1602 West McDowell Road

This home is within Phoenix Elementary District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Maie Bartlett Heard School
PublicPK to 8

Central High School
Public9 to 12

Phoenix Coding Academy
Public9 to 12

Franklin Police and Fire 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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1602 West McDowell Road, Phoenix, AZ 85007
$525,000
18,880
$155,000
2
2
1,301
6,250
$515,000
3
2
1,705
7,728
$80,000
3,037
6,250
$134,900
1
794
6,983

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cap Core Real Estate

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© 2026 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.