Listing MLS# 6904880 Phoenix AZ Real Estate

Please contact Barbara Baker at 928.301.0669 for more information on this property! I specialize in Phoenix AZ real estate, West Phoenix Addition - Phoenix real estate for sale, Phoenix, AZ homes for sale and Phoenix real estate and Phoenix homes.

$1,150,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft

$1,150,000 No Recent Price Change
3601 W Melvin Street
Phoenix, AZ 85009
  • N/ABeds
  • 0.00Total Baths
  • N/ASqFt
  • 1946Year Built
  • 0.00Acres
  • 79 yearsEst Age
  • MLS# 6904880
  • Multifamily
  • Multiple Dwellings
  • Pending


Overview

3601 W Melvin St is an 11-unit multifamily property located in the Estrella submarket of Phoenix, Arizona. Built in 1946, the asset consists of a gated community with a unit mix of (1) 2-bedroom and (10)1-bedroom apartments, averaging 453 square feet per unit and totaling approximately 4,980 square feet of rentable area. Strategically located just minutes from Downtown Phoenix, Sky Harbor Airport, and key employment hubs, this offering benefits from strong rental demand driven by workforce housing needs. With below-market rents, the property offers immediate upside through interior renovations and operational improvements. This asset is an ideal opportunity for investors seeking a low-basis, value-add multifamily opportunity in one of the fastest-growing metropolitan areas of the U.S.



Agriculture / Farm

Horse:  No

Association Fees / Info

Community Features:  No Pool

Hoa:  No

Bathroom Info

Building Info

Construction Materials:  Wood Frame, Stucco, Brick

Roof:  Composition, Rolled/Hot Mop

Exterior Features

Pool Private:  No

Financial

Owner Pays:  Trash Collection,Water,Sewer

Gross Income:  112038

Insurance Expense:  5500

Garage / Parking

Parking Features:  >1 Space Per Unit

Garage:  No

Attached Garage:  No

Interior Features

Flooring:  Ceramic Tile, Vinyl

Appliances:  Built-In Range, Refrigerator

Fireplace:  No

Lot Info

Lot Size:  12428

Number of Buildings:  3

Other School Info

Property Info

Road Surface Type:  Asphalt

Zoning:  R-3

Property Attached:  No

Tax Info

Tax Legal Description:  WEST PHOENIX ADD LOTS 1 & 3 BLK 7

Tax Amount Annual:  1587

Unit Info

Total Units:  11

Utilities / Hvac

Water Source:  City Franchise

Electric:  APS

Cooling:  Yes

Cool System:  Evaporative Cooling

Heating:  Electric

Heating:  Yes

Sewer:  Public Sewer

Waterfront / Water

Water Front:  No

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Price & Status History (on barbarabakerrealty.com since Tue, Aug 12th 2025)
  • Original Price: $1,150,000
  • Current Price: $1,150,000
  • Price Reduced: $0
Date ChangedFromTo
09/24/2025ActivePending
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