Bethany Gardens is an attractive 35-unit garden-style apartment community located in a dynamic central Phoenix neighborhood with high barriers to entry. Built in 1978, the property is made of block construction with built-up roofs, and is individually metered for electricity. The unit mix consists of all two-bedroom, two bathroom floor plans that are spacious and extremely well designed and average 925 square feet. Four of the units have been completely renovated with wood vinyl flooring, GE faux metallic electric appliances including dishwashers, decorative glass tile kitchen backsplash, new cabinets and countertops breakfast bars, brushed nickel fixtures and lighting, contemporary bathroom vanities, energy efficient hot water heaters, and full-size stack washer/dryers. These upgraded units rent at over a $150 premium compared to the standard units, leaving significant value-add potential for an investor to continue interior upgrades to the remaining units. The property is situated on approximately 2.32 acres and is attractively landscaped with lush turf and mature shade trees. Community Amenities include covered parking, an attractive courtyard with a large sparkling swimming pool, and exterior lighting. Bethany Gardens offers an investor the rare opportunity to acquire a pride of ownership urban core asset located in an irreplaceable central Phoenix location with additional value-add potential. Over the last year, the north/central Phoenix submarket average occupancy increased by 588 basis points, seven times more than the metropolitan Phoenix average. Furthermore, the average submarket rent has increased by 7.5% over the same time period. With the improving submarket fundamentals coupled with the Phoenix market's continual improvement and recovery, Bethany Gardens is well positioned to achieve continual revenue increase. In addition, this offering allows a seasoned investor the opportunity to convert the property into condominiums or redevelop into new high-end townhomes.
Multi-familyProperty Type
1978Year Built
2.32 acresLot Size
$758Est. Price/Sq.Ft.
67 spacesParking
Listed by Jeffrey Seaman• CBRE, Inc
Bought with Jeffrey Seaman• CBRE, Inc
Source:ARMLS #5185171
Redfin Estimate
$4,773,129
$2.2M since sold in January 2019
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 471.7% higher than the average sale price ($835K) of 6 comparable homes.
Bethany Gardens is an attractive 35-unit garden-style apartment community located in a dynamic central Phoenix neighborhood with high barriers to entry. Built in 1978, the property is made of block construction with built-up roofs, and is individually metered for electricity. The unit mix consists of all two-bedroom, two bathroom floor plans that are spacious and extremely well designed and average 925 square feet. Four of the units have been completely renovated with wood vinyl flooring, GE faux metallic electric appliances including dishwashers, decorative glass tile kitchen backsplash, new cabinets and countertops breakfast bars, brushed nickel fixtures and lighting, contemporary bathroom vanities, energy efficient hot water heaters, and full-size stack washer/dryers. These upgraded units rent at over a $150 premium compared to the standard units, leaving significant value-add potential for an investor to continue interior upgrades to the remaining units. The property is situated on approximately 2.32 acres and is attractively landscaped with lush turf and mature shade trees. Community Amenities include covered parking, an attractive courtyard with a large sparkling swimming pool, and exterior lighting. Bethany Gardens offers an investor the rare opportunity to acquire a pride of ownership urban core asset located in an irreplaceable central Phoenix location with additional value-add potential. Over the last year, the north/central Phoenix submarket average occupancy increased by 588 basis points, seven times more than the metropolitan Phoenix average. Furthermore, the average submarket rent has increased by 7.5% over the same time period. With the improving submarket fundamentals coupled with the Phoenix market's continual improvement and recovery, Bethany Gardens is well positioned to achieve continual revenue increase. In addition, this offering allows a seasoned investor the opportunity to convert the property into condominiums or redevelop into new high-end townhomes.
Public Records
Oct 26, 2006
Sold
$3,205,000
$509/sq ft
Public Records
Jul 6, 2004
Sold
$2,280,000
$362/sq ft
Public Records
Jul 11, 1984
Sold
$1,245,000
$198/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$18,189 (+4.9%)
2024
$17,340 (+2.8%)
2023
$16,876 (+3.1%)
2022
$16,373 (−0.9%)
$111,500 + $446,030
$557,530
2021
$16,515 (+1.6%)
$104,590 + $418,380
$522,970
2020
$16,258 (+2.3%)
$93,470 + $373,890
$467,360
2019
$15,899 (+2.5%)
$93,360 + $373,470
$466,830
2018
$15,509 (+4.9%)
$93,360 + $373,470
$466,830
2017
$14,779 (+3.6%)
$47,210 + $188,860
$236,070
2016
$14,268 (+7.7%)
$43,790 + $175,180
$218,970
2015
$13,253 (+8.8%)
$29,910 + $119,670
$149,580
2014
$12,181 (−0.8%)
$16,326 + $65,304
$81,630
2013
$12,275 (−4.9%)
$16,326 + $65,304
$81,630
2012
$12,906 (−27.2%)
$18,900 + $75,620
$94,520
2011
$17,739 (−2.8%)
$28,470 + $113,900
$142,370
2010
$18,254 (−15.3%)
$34,220 + $136,880
$171,100
2009
$21,550
$44,080 + $176,340
$220,420
Tax history for 1420 E Bethany Home Rd
Year
Property tax
Land + Additions
Assessment*
2025
$18,189 (+4.9%)
2024
$17,340 (+2.8%)
2023
$16,876 (+3.1%)
2022
$16,373 (−0.9%)
$111,500 + $446,030
$557,530
2021
$16,515 (+1.6%)
$104,590 + $418,380
$522,970
2020
$16,258 (+2.3%)
$93,470 + $373,890
$467,360
2019
$15,899 (+2.5%)
$93,360 + $373,470
$466,830
2018
$15,509 (+4.9%)
$93,360 + $373,470
$466,830
2017
$14,779 (+3.6%)
$47,210 + $188,860
$236,070
2016
$14,268 (+7.7%)
$43,790 + $175,180
$218,970
2015
$13,253 (+8.8%)
$29,910 + $119,670
$149,580
2014
$12,181 (−0.8%)
$16,326 + $65,304
$81,630
2013
$12,275 (−4.9%)
$16,326 + $65,304
$81,630
2012
$12,906 (−27.2%)
$18,900 + $75,620
$94,520
2011
$17,739 (−2.8%)
$28,470 + $113,900
$142,370
2010
$18,254 (−15.3%)
$34,220 + $136,880
$171,100
2009
$21,550
$44,080 + $176,340
$220,420
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
R-3
Multifamily Residence District
The purpose of the multifamily residence districts is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes.; The density ranges offered are intended to allow for a greater interaction of residents with at least the opportunity for less individual maintenance, unit cost, and size as compared with a conventional single-family residence.; The design options of average lot subdivision, planned residential and single-family attached development are intended to provide flexibility as to unit placement, variable yard requirements, more reasonable and practical use of open spaces, staggered height limits up to three and four stories and more standardized parking and street improvement requirements. Bonus provisions are intended to facilitate and enhance the utilization of smaller infill parcels as well as unusual and irregular parcels throughout the City.; Along with the freedom that the multifamily district offers are certain responsibilities which must be met for project residents, but more importantly for the overall adjacent neighborhood. These are expressed in terms of standards and performance criteria. The standards internal to a project are intended to increase livability with amenities including landscaping, recreational facilities and project design. On the other hand the exterior standards provide a better fit, [and] better the project and the neighborhood environs. Criteria relating to setbacks, screening and landscaping are intended to reduce noise, maintain privacy and minimize psychological feelings to a change in development character and avoid any adverse effect on property values.
Permitted uses
Include but are not limited to:
Religious facility
Public service
Educational/school
Jun 27, 2012 • Final
Building permits
Electrical
Aug 20, 2008 • Final
Building permits
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Heating & Cooling
Air Conditioning Type: Package
Heating Type: Package
Exterior
Exterior Information
Construction Type: Steel/Wood
Building Construction Quality: Average
Exterior Wall: Concrete Stucco
Roof Covering Type: Built Up Composition
Roof Shape Type: Built Up Composition
Building Type: Multi Family Low Rise
Building Improvement Type: Multi Family Low Rise
Property Information
Subdivision Name: ORANGE HEIGHTS LTS 1-4, 14-16
Ground Floor Sq. Ft: 6,300
Building Sq. Ft: 6,300
# of Stories: 1
Legal Description: LOT 29 ORANGE HEIGHTS W 168' LOT 29 EX E 13' OF N 250' & EX S 7' TH/OF
Lot Information
# of Buildings: 5
Land Sq. Ft: 101,073
Legal Lot Number: 29
Municipality Name: PHOENIX
Acres: 2.3203
Zoning Code: R-3
State Use Description: APTS 25-99 UNITS-MULT RES-1 ST
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: —
Baths: —
Sq. Ft.: 6,300
Stories: 1.0
Lot Size: 2.32 acres
Style: Multi-Family (5+ Unit)
Year Built: 1978
Year Renovated: 1978
County: Maricopa County
APN: 16110008
Home facts updated by county records on Sep 25, 2026
Around this home
Schools
K - 12
Preschool & daycare
Madison Rose Lane School
Public PreK-4 • Assigned • 0.4mi
8/10
Madison #1 Elementary School
Public 5-8 • Assigned • 0.5mi
5/10
North High School
Public 9-12 • Assigned • 3.1mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 111° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Phoenix, AZ • 85014
Average low and high temperatures (°F)
69°
44°
78°
51°
85°
57°
87°
61°
95°
69°
106°
79°
107°
84°
108°
84°
99°
77°
88°
64°
76°
52°
73°
48°
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 13.5 hours in
June and 7.7 hours in December, placing it above the
U.S. average for solar exposure.