Great investment in up and coming area. Near downtown, Phoenix College, Light Rail, golf course. So much potential for increased income. Owner has done lots of rehab including gutting and rebuilding units. A little more TLC to raise rents and take advantage of the area. Can have coin laundry. Still gathering financial data. Use customary figures.
Multi-familyProperty Type
1958Year Built
7 spacesParking
Listed by Terry Belville• Diamondback Realty LLC
Bought with Sheila Trayner• West USA Premier Properties
Great Purchase/ lease back opportunity owner will lease the property back from buyer at $4,000 / month. Owner operates a halfway house and will continue to operate will need at a minimum a 3 year lease with 1 option to renew. Your tenant will take care of all maintenace and utilitiy expenses. Your only operating expenses will be Taxes and insurance, you will have no vacancy factor as Tenant will have a long term lease. Great CAP rate and cash flow.
ARMLS #1884862
Dec 10, 2002
Listing Removed
—
Oct 14, 2002
Listed
$224,900
ARMLS #1853411
Oct 13, 2002
Listing Removed
—
Aug 5, 2002
Listed
$229,000
Public Records
May 17, 2002
Sold
$200,000
Public Records
May 17, 2002
Sold
$300,000
Public Records
Jul 28, 1998
Sold
$90,000
Year
Property tax
Land + Additions
Assessment*
2025
$4,368 (+6.2%)
2024
$4,112 (+1.0%)
2023
$4,072 (+3.7%)
2022
$3,927 (+0.8%)
$13,545 + $24,345
$37,890
2021
$3,898 (+0.7%)
$13,545 + $24,180
$37,725
2018
$3,869 (+107.8%)
$8,745 + $24,405
$33,150
2012
$1,862 (−13.0%)
$2,230 + $8,920
$11,150
2011
$2,140 (+6.7%)
$2,890 + $11,590
$14,480
2010
$2,005 (−32.8%)
$3,370 + $13,480
$16,850
2009
$2,985
$5,510 + $22,040
$27,550
Tax history for 1533 W Thomas Rd
Year
Property tax
Land + Additions
Assessment*
2025
$4,368 (+6.2%)
2024
$4,112 (+1.0%)
2023
$4,072 (+3.7%)
2022
$3,927 (+0.8%)
$13,545 + $24,345
$37,890
2021
$3,898 (+0.7%)
$13,545 + $24,180
$37,725
2018
$3,869 (+107.8%)
$8,745 + $24,405
$33,150
2012
$1,862 (−13.0%)
$2,230 + $8,920
$11,150
2011
$2,140 (+6.7%)
$2,890 + $11,590
$14,480
2010
$2,005 (−32.8%)
$3,370 + $13,480
$16,850
2009
$2,985
$5,510 + $22,040
$27,550
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
6,062 Sq. Ft.
Year renovated
1964
Sq. Ft.
3,802
Year built
1958
Style
Multi-Family (2-4 Unit)
County
Maricopa County
APN
11147003
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 6, 2026.
R-5
Multifamily Residence-Restricted Commercial District
The purpose of the multi-family 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
Jan 3, 1996 • Final
Residential 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
Parking
Parking Information
Parking Total: 7
Open Parking Spaces: 3
Covered Spaces: 4
Parking Features: Paved, 1 Space/Unit, Carport
Interior
Heating & Cooling
Has Heating
Cooling: Electric
Has Cooling
Heating: Electric
Interior Features
Appliances: Built-In Range, Refrigerator
Flooring: Carpet, Ceramic Tile, Vinyl
Unit Information
Unit Type Actual Rent: $450
Unit Type Baths Total: $1
Unit Type Beds Total: 1
Exterior
Exterior Features
Construction Materials: Painted, Block
Roof: Composition
Property Information
Ownership: Fee Simple
Lot Information
Lot Size Dimensions: irr
Building Information
Number Of Buildings: 1
Financial
Tax Information
Tax Annual Amount: $2,019
Tax Year: 2004
Location
School Information
Middle Or Junior School: Osborn Middle School
High School: Central High School
High School District: Phoenix Union High School District
Elementary School District: Osborn Elementary District
Location Information
Directions: West from 15th Avenue on Thomas to 1533. 2 story building on south side of street.
Community Information
Community Features: No Pool
Utility Information
Electric: APS
Sewer: Public Sewer
Public facts
Beds: —
Baths: —
Sq. Ft.: 3,802
Stories: 2.0
Lot Size: 6,062 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1958
Year Renovated: 1964
County: Maricopa County
APN: 11147003
Home facts updated by county records on Jul 6, 2026
Other
Listing Information
Water Source: City Franchise
Around this home
Schools
Maie Bartlett Heard School
Public PreK-8 • Assigned • 0.9mi
6/10
Central High School
Public 9-12 • Assigned • 1.9mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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