Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$2,795,087
Last Modified:
6/08/2026
Search
4229 N 17TH Street, Phoenix, AZ 85016
$2,795,087
Description
Turnkey 8-unit multifamily investment in the heart of the Biltmore area. This gated community features eight large 2-bedroom, 2-bath units with vaulted ceilings, private backyards, in-unit laundry, and exterior storage. Renovated in 2020 with modern finishes including stainless steel appliances, updated cabinetry, vinyl flooring, and contemporary bathrooms. Community amenities include a dog run, picnic area, BBQ space, and desert landscaping. Prime central Phoenix location with convenient access to shopping, dining, employment centers, and major freeways. Strong long-term investment opportunity in a high-demand rental market.
More Information MLS# 7038917
Contract Info
Ownership: Fee Simple
Current Price: $2,795,087
List Price: $2,795,087
Status: Active
List Date: 2026-06-01
Location, Tax & Legal
Assessor's Map #: 28
Legal Description (Abbrev): LOT 8 FOX RUN MCR 024042
Assessor's Parcel #: 85
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 108501
Taxes: 653
Legal: LOT 8 FOX RUN MCR 024042
Marketing Name: 4229 N 17th St, Phoenix
House Number: 4229
Compass: N
Street Name: 17TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 5337
Country: US
County Code: Maricopa
Subdivision: FOX RUN
Assessor Number: 163-28-085
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 15
Lot Size Dimensions: 4227 North 17th Street
Total # of Units: 8
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Year Built: 1982
Zoning: R-3
Legal Info
Range: 3E
Section: 22
Township: 2N
Lot Number: 8
Project Type
5 - 12 Units: 1
Other Type
Other (See Remarks): 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Tile: 1
Foam: 1
Other: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 653
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 177650
Pmt & Rate Info
Cap Rate: 5.06
Equity: 2795087
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Email: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Barbecue: 1
See Remarks: 1
Heating
Ceiling: 1
Electric: 1
Individual: 1
Central: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Fenced: 1
Partially Fenced: 1
Patio/Balcony: 1
Interior Features
Other (See Remarks): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Other (See Remarks): 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
Other: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Other: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
See Remarks: 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 1850
Avg SqFt: 920
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: AZ-51 N & E Indian School Rd
Geo Lat: 33.497456
Geo Lon: -112.045109
Income Expenses
Gross Annual Sch Inc: 187000
Net Operating Income: 141536
Property Features
Project Type: 5 - 12 Units
Other Type: Other (See Remarks)
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Tile; Foam; Other
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool; Barbecue; See Remarks
Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Partially Fenced; Patio/Balcony
Interior Features: Other (See Remarks)
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; Other
Heating: Ceiling; Individual; Central
Cooling: Ceiling Fan(s); Electric; Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: >1 Space Per Unit; Other
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping; See Remarks
Tenant Pays: Electricity; Cable TV; Other (See Remarks)
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Email
Lockbox Type: None
New Financing: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office:
Bellagio Real Estate
Last Updated: June - 08 - 2026
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