Welcome to Westwood Terrace Apartments. Centrally located near Encanto Park and schools. These two triplex's recently renovated. Recent updates are new paint, updated ,windows, kitchens and bathrooms, brand new fencing in front, washer and dryers hookups inside the units. Each triplex has it's own parcel of 9,800 lot's each. Also have covered parking for all the units. They can be purchased with residential financing or one commercial loan . This portfolio sale 1614/1608 W Osborn and must be purchased together for a total sales price 1,399,000. Current gross rents are below market at 6648 a month ($1,107) each unit, estimated 4.40% cap on current collection. Proforma rents are 8,400 a month ($1,399,) per unit estimated 5.50% cap on proforma rents. All units have private yards. Super close to Phoenix College, near restaurants, and shopping.
Great Income Property for owner occupied, absentee owner, or portfolio investor (Seller has 10 total units for sale in the area). Located in downtown Phoenix, near Phoenix College, in the midst of several historic districts (kissing Encanto), close to Suns and D'back games, hundreds of great restaurants, art and entertainment events galore. Complete remodel including new roofs, new windows, new kitchen cabinets and counters, new flooring, new landscaping, and much more to be complete by Mid to late August. Owner/Agent
Public Records
May 20, 2016
Sold
$310,000
ARMLS #5398955
May 18, 2016
Listing Removed
—
May 17, 2016
Sold
$180,000
Mar 31, 2016
Pending
—
Mar 29, 2016
Sold
$180,000
Feb 19, 2016
Pending
—
Feb 14, 2016
Listed
$189,000
+7
Exciting Investment Opportunity! This listing is for sale along with 1614 W Osborn Rd. Both complexes are 100% occupied. These units rent out fast in this are. They DO NOT stay empty! Call now for more details on your new money maker!
ARMLS #5055505
Aug 1, 2014
Listing Removed
—
Jun 9, 2014
Price Changed
$195,000
Jan 16, 2014
Listed
$200,000
Year
Property tax
Land + Additions
Assessment*
2025
$1,635 (+3.5%)
2024
$1,580 (+3.5%)
2023
$1,527 (+0.6%)
2022
$1,518 (−1.7%)
$7,070 + $28,300
$35,370
2021
$1,544 (+2.6%)
$6,210 + $24,860
$31,070
2020
$1,505 (+4.5%)
$5,190 + $20,790
$25,980
2019
$1,440 (+3.4%)
$4,460 + $17,840
$22,300
2018
$1,392 (+8.9%)
$4,460 + $17,840
$22,300
2017
$1,278 (+3.7%)
$3,140 + $12,560
$15,700
2016
$1,232 (+7.5%)
$2,740 + $10,980
$13,720
2015
$1,146 (−1.0%)
$2,420 + $9,700
$12,120
2014
$1,157 (+24.9%)
$2,050 + $8,200
$10,250
2013
$926 (+5.4%)
$1,280 + $5,120
$6,400
2012
$879 (−17.3%)
$1,270 + $5,110
$6,380
2011
$1,063 (−28.9%)
$1,680 + $6,750
$8,430
2010
$1,496 (−24.9%)
$2,800 + $11,200
$14,000
2009
$1,993
$1,680 + $6,750
$8,430
Tax history for 1608 W Osborn Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,635 (+3.5%)
2024
$1,580 (+3.5%)
2023
$1,527 (+0.6%)
2022
$1,518 (−1.7%)
$7,070 + $28,300
$35,370
2021
$1,544 (+2.6%)
$6,210 + $24,860
$31,070
2020
$1,505 (+4.5%)
$5,190 + $20,790
$25,980
2019
$1,440 (+3.4%)
$4,460 + $17,840
$22,300
2018
$1,392 (+8.9%)
$4,460 + $17,840
$22,300
2017
$1,278 (+3.7%)
$3,140 + $12,560
$15,700
2016
$1,232 (+7.5%)
$2,740 + $10,980
$13,720
2015
$1,146 (−1.0%)
$2,420 + $9,700
$12,120
2014
$1,157 (+24.9%)
$2,050 + $8,200
$10,250
2013
$926 (+5.4%)
$1,280 + $5,120
$6,400
2012
$879 (−17.3%)
$1,270 + $5,110
$6,380
2011
$1,063 (−28.9%)
$1,680 + $6,750
$8,430
2010
$1,496 (−24.9%)
$2,800 + $11,200
$14,000
2009
$1,993
$1,680 + $6,750
$8,430
*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
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
9,800 Sq. Ft.
Year renovated
1952
Sq. Ft.
2,780
Year built
1952
Style
Multi-Family (2-4 Unit)
County
Maricopa County
APN
11015072
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 6, 2026.
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.
High School District: Phoenix Union High School District
Elementary School: Encanto School
Elementary School District: Osborn Elementary District
Community Information
Community Features: No Pool
Utility Information
Electric: APS
Sewer: Public Sewer
Public facts
Beds: —
Baths: —
Sq. Ft.: 2,780
Stories: 1.0
Lot Size: 9,800 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1952
Year Renovated: 1952
County: Maricopa County
APN: 11015072
Home facts updated by county records on Jul 6, 2026
Other
Listing Information
Water Source: Master Meter
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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