Awesome Investment Opportunity. Priced to Sell. 3 unit Property. Identical Units. Each 2 bedrooms, 1 baths 776sf each. 1 Covered Parking Space per Unit in Rear. 2 Units currently rented. This is a great cash flow property. Live in 1 unit and continue renting the others or rent all 3 units. Great Central Phoenix area close to great schools, public transportation Downtown Phoenix, Airport, and main freeways.
Multi-familyProperty Type
1952Year Built
7,813 sq ftLot Size
$309Est. Price/Sq.Ft.
4 spacesParking
Listed by Denise Adame• A.Z. & Associates
Bought with Denise Adame• A.Z. & Associates
Source:ARMLS #5841146
Redfin Estimate
$746,218
$66K since sold in March 2021$109K since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 16.8% higher than the average sale price ($639K) of 6 comparable homes.
Awesome Investment Opportunity. Priced to Sell. 3 unit Property. Identical Units. Each 2 bedrooms, 1 baths 776sf each. 1 Covered Parking Space per Unit in Rear. 2 Units currently rented. This is a great cash flow property. Live in 1 unit and continue renting the others or rent all 3 units. Great Central Phoenix area close to great schools, public transportation Downtown Phoenix, Airport, and main freeways.
ARMLS #5198020
Dec 19, 2014
Sold
$165,000
$68/sq ft
Nov 25, 2014
Pending
—
Nov 17, 2014
Relisted
—
Nov 12, 2014
Contingent
—
Nov 10, 2014
Listed
$180,000
$74/sq ft
+6
Attention Investors!!!!! Priced well below current appraisal for a quick sale, this 13%+ CAP rate property is tenant ready now! Located within blocks of Phoenix college, easy I-17 & I-10 access and a quick light rail ride to downtown. Buyer to verify all measurements, zoning, financials and any item of concern prior to close of escrow. Seller requires leaseback of units through June 2015 at rent rates in listing.
Public Records
Dec 27, 2012
Sold
$109,000
$45/sq ft
ARMLS #4861149
Dec 27, 2012
Sold
$118,000
$49/sq ft
Dec 20, 2012
Contingent
—
Dec 10, 2012
Listed
$119,000
$49/sq ft
Public Records
Dec 4, 1986
Sold
$87,000
$36/sq ft
Public Records
May 7, 1981
Sold
$98,000
$41/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,569 (+3.5%)
2024
$1,516 (+3.5%)
2023
$1,464 (+5.1%)
2022
$1,394 (−2.1%)
$6,910 + $27,670
$34,580
2021
$1,423 (+2.7%)
$4,940 + $19,780
$24,720
2020
$1,386 (+4.6%)
$4,640 + $18,560
$23,200
2019
$1,324 (+3.5%)
$3,930 + $15,750
$19,680
2018
$1,279 (+9.2%)
$3,930 + $15,750
$19,680
2017
$1,171 (+3.8%)
$2,870 + $11,490
$14,360
2016
$1,128 (+7.4%)
$2,650 + $10,630
$13,280
2015
$1,050 (−1.1%)
$2,290 + $9,190
$11,480
2014
$1,062 (+23.9%)
$1,950 + $7,820
$9,770
2013
$857
$1,230 + $4,930
$6,160
2012
$857 (−28.9%)
$1,290 + $5,190
$6,480
2011
$1,206 (−4.7%)
$1,990 + $7,960
$9,950
2010
$1,265 (−25.6%)
$2,490 + $9,990
$12,480
2009
$1,701
$1,990 + $7,960
$9,950
Tax history for 1525 W Osborn Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,569 (+3.5%)
2024
$1,516 (+3.5%)
2023
$1,464 (+5.1%)
2022
$1,394 (−2.1%)
$6,910 + $27,670
$34,580
2021
$1,423 (+2.7%)
$4,940 + $19,780
$24,720
2020
$1,386 (+4.6%)
$4,640 + $18,560
$23,200
2019
$1,324 (+3.5%)
$3,930 + $15,750
$19,680
2018
$1,279 (+9.2%)
$3,930 + $15,750
$19,680
2017
$1,171 (+3.8%)
$2,870 + $11,490
$14,360
2016
$1,128 (+7.4%)
$2,650 + $10,630
$13,280
2015
$1,050 (−1.1%)
$2,290 + $9,190
$11,480
2014
$1,062 (+23.9%)
$1,950 + $7,820
$9,770
2013
$857
$1,230 + $4,930
$6,160
2012
$857 (−28.9%)
$1,290 + $5,190
$6,480
2011
$1,206 (−4.7%)
$1,990 + $7,960
$9,950
2010
$1,265 (−25.6%)
$2,490 + $9,990
$12,480
2009
$1,701
$1,990 + $7,960
$9,950
*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-4
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.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Group
Educational / school
Fire house
Police station
Dec 11, 2020 • Active
Utility construction in public right of way
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: Evaporative
Heating Fuel Type: Gas
Heating Type: Wall Furnace
Exterior
Exterior Information
Construction Type: Concrete
Building Construction Quality: Average
Exterior Wall: Concrete Block
Roof Covering Type: Built Up Composition
Roof Shape Type: Built Up Composition
Building Type: Triplex
Building Improvement Type: Triplex
Property Information
Subdivision Name: COLLEGE HOMES
Ground Floor Sq. Ft: 2,418
Building Sq. Ft: 2,418
# of Stories: 1
Legal Description: LOT 9 COLLEGE HOMES
Parking & Garage Information
Parking Type: Carport
Garage/Parking Sq. Ft: 680
Garage / Carport Type: Carport
Lot Information
# of Buildings: 1
Land Sq. Ft: 7,813
Legal Lot Number: 9
Municipality Name: PHOENIX
Acres: 0.1794
Zoning Code: R-4
State Use Description: TRIPLEX-MULTI RES-ONE STORY
Utility Information
Sewer Type: Public
Financial
Assessor Information
Assessment Year: 2025
Tax Area: 081300
Public facts
Beds: —
Baths: —
Sq. Ft.: 2,418
Stories: 1.0
Lot Size: 7,813 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1952
Year Renovated: 1985
County: Maricopa County
APN: 11027009
Home facts updated by county records on Sep 24, 2026
Around this home
Schools
Encanto School
Public PreK-8 • Assigned • 0.2mi
3/10
Central High School
Public 9-12 • Assigned • 1.5mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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