2334 W MORTEN Avenue, Phoenix, AZ 85021

$539,400
Property Type: Multiple Dwellings Status: Active
Current Price: $539,400 Last Modified: 4/22/2026

Overview

Description

***GROSS CAP RATE 9.19%***3 Units, Garden-Style Property, Built in 1934 & Renovated in 2023. Unit Mix Consists of (1) 1-Bed/1-Bath Unit, (1) 2-Bed/1-Bath Unit, & (1) Large 1-Bed / 1-Bath Casita. Each Unit Features a Fully Upgraded Interior With White Quartz Countertops, Luxury Vinyl-Plank Flooring, Subway Tile Showers, Stainless Steel Appliances, & In-Suite Washer / Dryer. Exteriors Include New Paint & Stucco, Large Private Patio Area, and Storage Space. Located Within Close Proximity to Grand Canyon University & Christown Spectrum Shopping Center. Easy Access to I-17 Freeway & Valley Metro Light Rail

Listing Details MLS# 6970111

Location, Tax & Legal

House Number
2334
Compass
W
Street Name
MORTEN
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85021
Zip4
7176
County Code
Maricopa
Assessor Number
157-27-019
Tax Year
2025
Assessor's Map #
27
Assessor's Parcel #
19
Add'l Parcels
No
Tax Municipality
Phoenix
Taxes
622
Legal
VISTA INCOME ESTATES 3 LOT 95 E2
Marketing Name
Cashflow triplex

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
47*180
Year Built
1934
Uncvrd Parking Spcs
2
Total # of Units
3
# of Buildings
2
Zoning
R3
Flood Zone
No
Elementary School District
Washington Elementary School District
High School District
Glendale Union High School District

Legal Info

Township
2N

Income Expenses

Gross Annual Sch Inc
55032
Net Operating Income
55032

More Information

Showing Notification Methods

Showing Service
Aligned Showings

1 Bedroom Units

# 1 Bedroom Units
2
Avg Rent
1491
Avg SqFt
700
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
Yes
Avg Rent
1604
Avg SqFt
750
# Baths
Yes

Project Type

Tri-Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Stucco
Yes

Roofing

Composition
Yes

Floors

Laminate
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
622
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
55032

Pmt & Rate Info

Cap Rate
9.19
Equity
599000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

See Remarks
Yes

Heating

Forced Air
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Electric
Yes

Exterior Amenities

Fenced
Yes

Tenant Pays

Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes
Washer/Dryer
Yes

Road Surface Type

Concrete
Yes

Source of Fincl Data

Owner
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Off Street
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

None
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes

Existing 1st Loan

Conventional
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Tri-Plex Construction: Wood Frame Const - Finish: Stucco Roofing: Composition Floors: Laminate Sale Includes: Land & Building Community Features: See Remarks Exterior Amenities: Fenced Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Forced Air Cooling: Ceiling Fan(s); Electric; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: Off Street Road Surface Type: Concrete Road Responsibility: City Maintained Road Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Trash Collection Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Conventional New Financing: Cash; VA; FHA; Conventional Environmental: None
Listing Office: Gentry Real Estate
IDX
Last Updated: April - 22 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.