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About the Listing trlg01 - sm292,cm549
**GARFIELD DISTRICT** is culturally-rich, w/HISTORICAL significance, mixed w/CONTEMPORARY community-life, PERFECTLY located IN-THE-HEART-OF-DOWNTOWN-PHOENIX's urban-landscape**EXCEPTIONAL-OPPORTUNITY** (2) units are 1 bd/1 bath & (2) units are Studio-flats~ALL units have GAS ranges, & FULL size STACKABLE washer/dryers~Units are submetered for Electric and Gas which Tenants pay~Each unit has Central air-conditioning systems~Duplexes & 4-Plexes in the area are selling upwards of $850K and vacant-lots in the area are listed over $1 million~This HISTORIC property was built-in 1960 & has been renovated throughout the years, it holds STRONG, cash-flow and LONG-TERM appreciation potential~This 4-Plex is A HIDDEN-GEM located in the reimagined, downtown, Phoenix, BOOMING rental-market! Located in the Garfield Historic District, one of the most desirable and rapidly evolving areas near Downtown Phoenix, this well-maintained 4-plex offers strong cash flow and long-term appreciation potential. Property Highlights: 4 total units (2) One-Bedroom / One-Bath units (2) Studio units Central air conditioning in all units Gas ranges Full-size stackable washer/dryers in each unit Electric and gas sub-metered (tenants pay utilities) Renovated and maintained over the years Investment Highlights: Strong potential rental-yield (7%) Located minutes from downtown employment, hospitals, universities, and entertainment High demand rental market in central Phoenix Comparable duplexes and four-plexes in the area selling over $800K Nearby redevelopment and vacant land listings exceeding $1M Value-Add Potential Opportunity to increase rents over time in a rapidly appreciating neighborhood Potential to further enhance units for additional upside Desirable location for long-term rental demand Location: Situated in the vibrant Garfield neighborhood, known for its historic charm, arts community, and proximity to downtown Phoenix, the property benefits from continued urban revitalization and strong tenant demand. Ideal for investors seeking cash flow + appreciation potential in one of Phoenix's most dynamic central neighborhoods.
Listing Highlights
Status
Active
Days on Site
182
Property Type
Multi-Family
MLS ®
6938774
Year Built
1960
Total Square Footage
0
Lot/Acreage
N/A
County
Maricopa
Neighborhood
Mt Pleasant Tract Blocks 2-5
School District
Phoenix Elementary District
Elementary School
Garfield School
Middle School
Garfield School
High School
North High School
Interior Details
- Bedrooms: 2
- Bathrooms: 1 Full
- Appliances:
- Air Cond: Central Air,Ceiling Fan(s),Individual
- Heating: Heat Pump,Electric
- Fireplaces:
- Floor: Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Master Meter
Exterior Details
- Garage Capacity: N/A
- Roof: Composition
- Others: Sidewalk(s)
- Sewer: Public Sewer
- Parking Features: Paved,On Street
Financial Details
- Tax Amount: $1,288
- Taxes w/Assessments: N/A
- Tax/Property ID: 116-26-102
- Tax Year: 2025
Payment Calculator
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Questions About..
502 N 11th St Phoenix, AZ 85006
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