Back 4014 South 3rd Avenue
Off Market

4014 South 3rd Avenue

Phoenix AZ 85041

6
Multi-Family
Last sold for $170,000
Joseph MahoneyJoseph Mahoney, last sold this property on 23 June 2025 after 261 days on market.

Overview

Prime Investment Opportunity - Dual Residences on Nearly Half an Acre! 4014 S 3rd Ave offers two detached single-family homes, each featuring 2 bedrooms and 1 bathroom, situated on a spacious R-3 (Multi-Family) zoned lot just under 0.5 acres. This unique setup provides flexibility for rental income, redevelopment, or future expansion. Ideally located near I-17, Downtown Phoenix, and the Central Ave light rail extension, the property boasts excellent accessibility and strong tenant appeal. For investors looking to scale, the adjacent 22-unit multifamily property (313 W Jones Ave & 4012 S 3rd Ave) is also available?offering the rare chance to acquire a 24-unit portfolio in a high-demand rental market.

Features

6 carspaces
6 open car spaces
Multi-Family

Estimated Value

Based on this property and similar multi families sold in Phoenix over the last 12 months, the estimated median property value of 4014 South 3rd Avenue is $390k.

Median value
$390k
Estimated value range
$135k - $870.55k
Median days on market
156
Estimated value trend
-36%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Phoenix. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 4014 South 3rd Avenue

2025
Sold
$170,000
23 Jun 2025 by Joseph Mahoney, of JM Realty

Happy sellers in Phoenix

<50%
50% of sellers in Phoenix reported that their sale price either exceeded or met their price expectations.

Phoenix stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Phoenix over the last 12 months.

Local market activity for multi families in Phoenix

In the last 12 months, 3 multi families similar to 4014 South 3rd Avenue, have been sold.

This represents a 20% increase in multi families sales when compared to the previous 12 months.

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