This fully-renovated 4-unit apartment complex located in Midtown Phoenix is set to be a great investment for years to come. Consisting of 2-bedroom/1-bathroom units, each unit has it's own interior laundry as well as private backyard. The property has been rewired and has all new electrical panels and meters. The roof was resealed within the last year, and the property has upgraded plumbing. This property boasts a wonderful courtyard with low-maintenance landscaping. Located near a plethora of popular dining and shopping areas anywhere from Uptown Phoenix to Downtown Phoenix, occupants are in the perfect location to enjoy all that Phoenix has to offer!
Sold! 12/30/2020, see private remarks. In the Palmcroft neighborhood on the edge of Encanto, Near LRT. Desirable all 2 bedroom mix (677 SF/unit). Upgrades in last five years include tile flooring, kitchen cabinets, kitchen countertops, copper plumbing, glass block. 3 Evap/1HVAC. Rents are: Unit 1-$950 m-t-m, 2-$950 m-t-m, 3-$975 1 yr term, 4-$1025 1 yr term. Partially fenced courtyard area & 1 parking spot/unit. Long-term local owner that has self-managed. Unit showings in escrow. Do not bother tenants. Expenses within are in part estimated. Buyer to complete & rely on own due diligence.
ARMLS #5440493
Mar 19, 2017
Listing Removed
—
Sep 16, 2016
Price Changed
$449,000
Jul 12, 2016
Price Changed
$495,000
May 9, 2016
Listed
$525,000
ARMLS #5007194
Sep 30, 2014
Listing Removed
—
Feb 20, 2014
Listing Removed
—
Oct 1, 2013
Listed
$340,000
Public Records
Jun 1, 1984
Sold
$65,000
Public Records
Mar 10, 1981
Sold
$82,000
Year
Property tax
Land + Additions
Assessment*
2025
$1,761 (+6.2%)
2024
$1,658 (+1.0%)
2023
$1,642 (+3.7%)
2022
$1,583 (+0.8%)
$8,490 + $33,980
$42,470
2021
$1,571 (−1.1%)
$7,740 + $30,960
$38,700
2020
$1,589 (+0.2%)
$7,150 + $28,630
$35,780
2019
$1,587 (+1.7%)
$4,930 + $19,750
$24,680
2018
$1,560 (+2.4%)
$4,930 + $19,750
$24,680
2017
$1,524 (+3.0%)
$3,440 + $13,770
$17,210
2016
$1,479 (+8.0%)
$2,790 + $11,190
$13,980
2015
$1,369 (+0.3%)
$2,240 + $8,980
$11,220
2014
$1,365 (+19.6%)
$1,950 + $7,810
$9,760
2013
$1,141 (−4.4%)
$1,280 + $5,130
$6,410
2012
$1,194 (−14.8%)
$1,430 + $5,720
$7,150
2011
$1,401 (−12.2%)
$1,896 + $7,584
$9,480
2010
$1,596 (−28.7%)
$2,680 + $10,730
$13,410
2009
$2,238
$4,130 + $16,530
$20,660
Tax history for 928 W Mcdowell Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,761 (+6.2%)
2024
$1,658 (+1.0%)
2023
$1,642 (+3.7%)
2022
$1,583 (+0.8%)
$8,490 + $33,980
$42,470
2021
$1,571 (−1.1%)
$7,740 + $30,960
$38,700
2020
$1,589 (+0.2%)
$7,150 + $28,630
$35,780
2019
$1,587 (+1.7%)
$4,930 + $19,750
$24,680
2018
$1,560 (+2.4%)
$4,930 + $19,750
$24,680
2017
$1,524 (+3.0%)
$3,440 + $13,770
$17,210
2016
$1,479 (+8.0%)
$2,790 + $11,190
$13,980
2015
$1,369 (+0.3%)
$2,240 + $8,980
$11,220
2014
$1,365 (+19.6%)
$1,950 + $7,810
$9,760
2013
$1,141 (−4.4%)
$1,280 + $5,130
$6,410
2012
$1,194 (−14.8%)
$1,430 + $5,720
$7,150
2011
$1,401 (−12.2%)
$1,896 + $7,584
$9,480
2010
$1,596 (−28.7%)
$2,680 + $10,730
$13,410
2009
$2,238
$4,130 + $16,530
$20,660
*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
8,450 Sq. Ft.
Year renovated
1980
Sq. Ft.
2,708
Year built
1940
Style
Multi-Family (2-4 Unit)
County
Maricopa County
APN
11109015
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 24, 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.