Sold
Last Sold Price
1611 E Lamar Rd, Phoenix, AZ 85016
Multi FamilyProperty Type
0.26 acresLot Size
2023Year Built
8 carsParking Spaces

Description

Fabulous centrally located investment opportunity. These new & modern four units with custom finishes affords a perfect owner-occupied luxurious lifestyle. The property was designed with a 2,000 ft.² owners three bedroom 3 1/2 bath home. The property consists of two, three bedrooms three bath homes and two one bedroom one bath apartments. The three bedroom units include gas fireplace. Superb location right off the 51 freeway with easy access to Sky Harbor Airport and Downtown Phoenix. Situated next...Fabulous centrally located investment opportunity. These new & modern four units with custom finishes affords a perfect owner-occupied luxurious lifestyle. The property was designed with a 2,000 ft.² owners three bedroom 3 1/2 bath home. The property consists of two, three bedrooms three bath homes and two one bedroom one bath apartments. The three bedroom units include gas fireplace. Superb location right off the 51 freeway with easy access to Sky Harbor Airport and Downtown Phoenix. Situated next to the Sprouts shopping center at 16th St. & Glendale. Adjacent to the canal with an easy walk to the Biltmore Hotel. Must see to appreciate!
  • Listed by: Michael Banovac 602.571.4888 mbanovac@hotmail.com Brokerage DRE #LC640879000 • RMB Realty LLC
Listing closed: 04/27/2026 12:00 AM • Source: ARMLS, MLS#: 6974079

Location

Listing Courtesy of RMB Realty LLC

Sold By RMB Realty LLC

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Payment Calculator

$12,433 per month

30 year fixed, 6.55% Interest

Principal and Interest

$11,436

Property Taxes

$996

HOA Dues

$0

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Property Information for 1611 East Lamar Road

Property Details
  • Taxes: $11,957 / year
  • MLS Type: Multiple Dwellings
  • Subdivision Name: TOWN HEIGHTS
  • View YN: No
  • Zoning: R3
Building Information
  • Residences: 4
  • Year Built: 2023
  • Lot Size: 0.26 AC / 11,520 SF
Summary
Location and General Information
  • Unparsed Address: 1611 E LAMAR Road, Phoenix, AZ 85016
  • City: Phoenix
  • Coordinates: -112.046879, 33.536468
  • Country: US
  • County Or Parish: Maricopa
  • Cross Street: 16th St. & Glendale Ave.
  • Directions: Head South On 16th Make First Left Shopping Center Onto Lamar Rd. Property is the second building on the right.
  • Latitude: 33.536468
  • Longitude: -112.046879
  • Postal City: Phoenix
  • Postal Code: 85016
  • Postal Code Plus4: 1015
  • State Or Province: AZ
  • Street Suffix: Road
  • Year Built: 2,023
Taxes and HOA
  • Tax Annual Amount: $11,957.00
  • Tax Book Number: 164.00
  • Tax Legal Description: LOT 3 TOWN HEIGHTS MCR
  • Tax Lot: 3
  • Tax Year: 2,025
Parking
  • Covered Spaces: 6
  • Garage YN: Yes
  • Open Parking Spaces: 2
  • Open Parking YN: Yes
  • Parking Features: Garage Door Opener, >1 Space Per Unit, On Street, Carport
  • Parking Total: 8
School Information
  • Elementary School District: Madison Elementary District
  • High School District: Phoenix Union High School District
Property
Lot Information
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet
  • Lot Size Dimensions: 80' x 144'
Property and Assessments
  • Disclosures: None
  • Documents Change Timestamp: 01-24-2026 06:40:19 PM
  • Documents Count: 0
  • Ownership: Fee Simple
  • Parcel Number: 16434003
  • Property Type: Multiple Dwellings
  • Public Survey Range: 3E
  • Public Survey Section: 10
  • Public Survey Township: 2N
  • Road Surface Type: Asphalt
Utilities
  • Electric: APS
  • Electric On Property YN: Yes
  • Sewer: Public Sewer
  • Water Source: Individual Meter
Interior and Exterior Features
Exterior Features
  • Community Features: No Pool
  • Construction Materials: Wood Frame, Painted, Stucco
  • Number Of Buildings: 2
  • Number Of Units Total: 4
  • Roof: Rolled/Hot Mop
Interior Features
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Integer: 0
  • Cooling: Ceiling Fan(s), Electric
  • Cooling YN: Yes
  • Flooring: Vinyl
  • Heating: Ceiling
  • Heating YN: Yes
Multi Family
Income & Expenses
  • Gross Income: $136,972.80
  • Gross Scheduled Income: $142,680.00
  • Net Operating Income: $120,600.00
  • Operating Expense: $11,957.00

Property History for 1611 East Lamar Road

DateEvent & SourcePriceAppreciation
Apr 27, 2026

Sold

ARMLS #6974079

$2,250,000
Apr 26, 2026

Pending

ARMLS #6974079

Apr 25, 2026

Sold (Public Record)

Public Record #1936649980

$2,250,000

+45.9% / yr

DateEvent & SourcePrice
04/27/2026

Sold

ARMLS #6974079

$2,250,000
04/26/2026

Pending

ARMLS #6974079

04/25/2026

Sold (Public Record)

Public Record #1936649980

$2,250,000

+45.9% / yr

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

Public Records for 1611 East Lamar Road

Taxable ValueLand$25,938Additions-Total$25,938
Tax Record2025$11,957 ($996 / month)
Home Facts
Beds0Baths2Total Finished SqFt2,008 SqFtAbove Grade Finished SqFt2,008 SqFtStories1Lot Size11,468 SqFtStyleResidentialYear Built1955Year Renovated1955ZoningM-MCountyMARICOPAAPN164-34-003

Schools near 1611 East Lamar Road

This home is within Madison Elementary District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Madison Heights Elementary School
PublicPK to 4

Madison #1 Elementary School
Public5 to 8

North High School
Public9 to 12

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