322 N 11TH Place, Phoenix, AZ 85006 (MLS# 6969679)

322 N 11TH Place, Phoenix, AZ 85006

$780,000

Property Type: Multiple Dwellings Status: Active

Current Price: $780,000 Last Modified: 4/14/2026

Overview

Description

Comprehensively RENOVATED 4 UNITS Short-Term Rental in PRIME Phoenix LOCATION on R-5 zoning. Cap rate 10.6%. 2025 average occupancy rate 65%, Airbnb rating 4.85 out of 5! Comes with confirmed future bookings totaling over $16,500 through Aug 1, 2026 and the established hosting accounts on main short term rentals platforms!!! UNITS: One 2 BD-1BA and Three Studios. Every unit has its OWN kitchen, bathroom and a separate PRIVATE ACCESS. 2 BD unit has it's own Laundry with washer and dryer. The backyard is a common space for all guests with a Grill, Fire pit, Hammock and a separate Laundry shed. Cleaning and maintenance crews use another outside shed for supplies. Each unit uniquely renovated and staged, designed to appeal to a broad range of tenants--perfect for maximizing occupancy & incom

Supplements: The property located in a high-demand area of Downtown Phoenix, minutes to Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, Van Buren.

Listing Details MLS# 6969679

Location, Tax & Legal

House Number: 322
Compass: N
Street Name: 11TH
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 3314
County Code: Maricopa
Subdivision: MARSTON HEIGHTS
Assessor Number: 116-26-012
Tax Year: 2025
Assessor's Map #: 26
Legal Description (Abbrev): LOT 9 MARSTON HEIGHTS MCR
Assessor's Parcel #: 12
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113202
Taxes: 2236
Legal: LOT 9 MARSTON HEIGHTS MCR
Marketing Name: unknown

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 7500
Year Built: 1928
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: 2
Zoning: R-5
Flood Zone: No
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Garfield School
Jr. High School: Garfield School

Remarks Misc

Cross Street: Van Buren St & 16th St
Directions: Take AZ-101 Loop N and AZ-202/AZ-202 Loop W to N 32nd St in Phoenix. Take exit 1C from AZ-202/AZ-202 Loop W. Take E Van Buren St. Turn right onto E Van Buren St. Turn right onto N 11th Pl.

Legal Info

Township: 1N
Range: 3E
Section: 4
Lot Number: 9

Income Expenses

Gross Annual Sch Inc: 126500
Net Operating Income: 90052

More Information

Showing Notification Methods

Showing Service: Aligned Showings
Phone Call: Yes

Efficiency Units

Avg Rent: 8050
Avg SqFt: 380

1 Bedroom Units

Avg Rent: 1850

2 Bedroom Units

Avg Rent: 2500
Avg SqFt: 691

Project Type

Four Plex: Yes

Other Type

House + Rental Units: Yes

Construction

Wood Frame: Yes

Const - Finish

Stucco: Yes

Roofing

Composition: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Building(s) Only: Yes

Income & Expenses

Annual Elec Exp: 2829
Annual Gas Exp: 593
Annual Ins Exp: 1500
Annual Maint Exp: 24014
Annual Mgmt Exp: 2110
Annual Trash Exp: 609
Annual Wtr/Swr Exp: 1000
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 2700
Operating Exp: 37591
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 122705

Pmt & Rate Info

Cap Rate: 11.55
Equity: 780000
Down Payment %: 5
Monthly Payments: 2500
Total Owed: 0

Payment Includes

Principal: Yes
Interest: Yes
Taxes: Yes
Insurance: Yes

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Electric: Yes

Exterior Amenities

Partially Fenced: Yes
Cable TV Available: Yes
Separate Storage: Yes

Interior Features

Furnished: Yes
Fire Sprinklers: Yes
Security Alarm(s): Yes
Drapes: Yes
Breakfast Bar: Yes

Tenant Pays

None: Yes

Appliances Included

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

Road Surface Type

Gravel: Yes

Source of Fincl Data

Owner: Yes

Water Source

See Remarks: Yes

Sewer

Sewer - Public: Yes

Parking Features

On Street: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Electric: Yes
Gas: Yes
Trash Collection: Yes
Cable TV: Yes
Landscaping: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
No Carry: Yes

Existing 1st Loan

Conventional: Yes

Existing 1st Loan Type

Fixed: Yes

Existing 1st Loan Terms

Non Assumable: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex Other Type: House + Rental Units Construction: Wood Frame Const - Finish: Stucco Roofing: Composition Floors: Ceramic Tile Sale Includes: Building(s) Only Payment Includes: Principal; Interest; Taxes; Insurance Community Features: No Pool Exterior Amenities: Partially Fenced; Cable TV Available; Separate Storage Interior Features: Furnished; Fire Sprinklers; Security Alarm(s); Drapes; Breakfast Bar Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer Cooling: Electric Water Source: See Remarks Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: On Street Road Surface Type: Gravel Owner Pays: Water; Electric; Gas; Trash Collection; Cable TV; Landscaping Tenant Pays: None Source of Fincl Data: Owner Showing Notification Methods: Phone Call Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable New Financing: Cash; VA; FHA; Conventional; No Carry Environmental: None

Listing Office: My Home Group Real Estate

Last Updated: April - 14 - 2026