3601 W Melvin Street, Phoenix, AZ 85009
Local realty services provided by:Better Homes and Gardens Real Estate S.J. Fowler
3601 W Melvin Street,Phoenix, AZ 85009
$1,150,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Pending
Listed by:bradley skenderian
Office:matthews real estate investment services
MLS#:6904880
Source:ARMLS
Price summary
- Price:$1,150,000
About this home
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.
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Home facts
- Year built:1946
- Listing ID #:6904880
- Updated:September 24, 2025 at 04:39 PM
Heating and cooling
- Cooling:Evaporative Cooling
- Heating:Electric
Structure and exterior
- Year built:1946
Schools
- High school:Carl Hayden High School
- Elementary school:Alta E Butler School
Utilities
- Water:City Franchise
Finances and disclosures
- Price:$1,150,000
- Tax amount:$1,587
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