This 4 plex investment opportunity is located in the North Phoenix community of Palomino Point. This building contains the preferred mix of 1 Bedroom/1 Bathroom, 2-2 Bedroom/2 Bathroom, and a 3 Bedroom/3 Bathroom unit. This is a Gated Community with private streets. Each unit has their own Washer and Dryer hook ups, Patio or Balcony, and 1 assigned covered parking space. The building is currently producing: $32,640 per annum. The HOA covers the Water, Sewer, Garbage, Common Area Maintenance, Pool and Street Maintenance. Room for Rent Increases. 2 units are Month to Month. Easy access to the 51 freeway, Close to Shopping, Parks, and Schools (Palomino School is across the street) DRIVE BY ONLY...DO NOT DISTURB TENANTS.
Terrific rental property in the popular Palomino Pointe subdivision. This has the unit mix of 2 2 bedroom units, 1 3 bedroom unit and 1 1 bedroom. Building backs to greenbelt.
ARMLS #4565023
May 12, 2011
Sold
$90,100
Apr 25, 2011
Pending
—
Apr 7, 2011
Listed
$77,900
PROPERTY BEING SOLD AS-IS. NO SPDS OR CLUE. SIGNED PRE-QUALIFICATION FORM/PROOF OF FUNDS REQUIRED WITH COPY OF EARNEST MONEY CHECK. SELLER ADDENDUM REQUIRED UPON ACCEPTANCE OF OFFER. Located in popular Palomino Point, this building has the preferred unit mix of one 3/3, two 2/2 and one 1/1. All four units are in good shape, complete with kitchen appliances and the building backs to a nice, quiet greenbelt. Wonderful rental opportunity for the savvy investor.
Public Records
Sep 1, 2005
Sold
$17,300,000
Public Records
Sep 9, 2004
Sold
$12,100,000
Public Records
Jan 26, 1998
Sold
$8,850,000
Public Records
Jun 4, 1993
Sold
$2,640,000
Year
Property tax
Land + Additions
Assessment*
2025
$1,424 (+2.7%)
2024
$1,387 (+2.1%)
2023
$1,358 (+1.0%)
2022
$1,344 (−0.3%)
$5,420 + $21,680
$27,100
2021
$1,348 (+3.2%)
$4,650 + $18,620
$23,270
2020
$1,306 (−0.1%)
$4,110 + $16,460
$20,570
2019
$1,308 (+3.4%)
$3,620 + $14,480
$18,100
2018
$1,265 (+4.3%)
$3,620 + $14,480
$18,100
2017
$1,213 (+1.7%)
$2,990 + $11,990
$14,980
2016
$1,192 (+7.9%)
$2,690 + $10,770
$13,460
2015
$1,104 (−1.0%)
$2,520 + $10,090
$12,610
2014
$1,115 (+17.4%)
$2,090 + $8,380
$10,470
2013
$950 (−14.7%)
$1,470 + $5,900
$7,370
2012
$1,114 (−5.3%)
$1,840 + $7,390
$9,230
2011
$1,176 (−45.5%)
$2,150 + $8,600
$10,750
2010
$2,159
$4,510 + $18,070
$22,580
2009
$2,158
$5,210 + $20,860
$26,070
Tax history for 2827 E Kathleen Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,424 (+2.7%)
2024
$1,387 (+2.1%)
2023
$1,358 (+1.0%)
2022
$1,344 (−0.3%)
$5,420 + $21,680
$27,100
2021
$1,348 (+3.2%)
$4,650 + $18,620
$23,270
2020
$1,306 (−0.1%)
$4,110 + $16,460
$20,570
2019
$1,308 (+3.4%)
$3,620 + $14,480
$18,100
2018
$1,265 (+4.3%)
$3,620 + $14,480
$18,100
2017
$1,213 (+1.7%)
$2,990 + $11,990
$14,980
2016
$1,192 (+7.9%)
$2,690 + $10,770
$13,460
2015
$1,104 (−1.0%)
$2,520 + $10,090
$12,610
2014
$1,115 (+17.4%)
$2,090 + $8,380
$10,470
2013
$950 (−14.7%)
$1,470 + $5,900
$7,370
2012
$1,114 (−5.3%)
$1,840 + $7,390
$9,230
2011
$1,176 (−45.5%)
$2,150 + $8,600
$10,750
2010
$2,159
$4,510 + $18,070
$22,580
2009
$2,158
$5,210 + $20,860
$26,070
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
High School District: Paradise Valley Unified District
Elementary School: Palomino Primary School
Elementary School District: Paradise Valley Unified District
Location Information
Directions: From Greenway and 29th St. Head North to Palomino Point Complex. Enter the complex heading West, make the first left onto 28th Pl. then left on Kathleen to Bldg. 64 on right. 2728 E. Kathleen Rd.
Community Information
Community Features: Other, See Remarks, Pool
Utility Information
Electric: APS
Sewer: Public Sewer
Public facts
Beds: —
Baths: —
Sq. Ft.: 3,618
Stories: 2.0
Lot Size: 6,487 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1982
Year Renovated: 1982
County: Maricopa County
APN: 21439092
Home facts updated by county records on Sep 27, 2026
Other
Listing Information
Water Source: City Franchise
Around this home
Schools
Palomino Primary School
Public PreK-6 • Assigned • 0.1mi
1/10
Greenway Middle School
Public 5-8 • Assigned • 0.5mi
5/10
North Canyon High School
Public 7-12 • Assigned • 2.2mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
The Biltmore area is where Phoenix goes to dress up a little—palm-lined streets, beautiful homes, great restaurants, upscale shopping, and just enough golf carts to remind you that leisure is taken seriously here. It’s sophisticated without being...