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$615,000
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Property Description
Advantageously placed just west of State Route 51, Tierra Buena (''the property'') is a 4-unit apartment community located just east of the Cave Creek Road and Greenway Parkway intersection, deep inside the expanding Northeast Phoenix submarket. Its nearby proximity to State Route 51, a major transportation artery, affords residents direct access to simple passage within desirable commute times to nearly any destination across The Valley. Included in those nearby destinations are some of the largest employment corridors in Arizona. The I-17 / Deer Valley and Scottsdale Airpark employment corridors are reachable within a 10-minute drive, and the Biltmore employment district is less than 15 minutes away. In addition to powerful job opportunities, the surrounding landscape is also flush with countless dining, shopping, and entertainment options. Desert Ridge, Scottsdale Quarter, and the Biltmore Area, each hold highly sought after nighttime experiences, including restaurants, bars, and retail stores. Built in 1987, Tierra Buena is entirely comprised of two-bedroom, two-bathroom floorplans covering 900 square feet. Future ownership will have the opportunity to upgrade the interiors of the 2 remaining classic units and capitalize on the associated rental premium already proven out at the property.
Full Property Details
Full Property Details for 2726 E Tierra Buena Ln
General
- Sold For: $615,000
- HOA FEE: $1,500
- Taxes: $1,153 (2024)
- Status: Closed
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6869954
- Added to Site: 238 day(s) ago
Interior
- Appliances: Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave, Washer and Dryer Hookups
- Flooring: Vinyl
Parking
- Parking Features: >1 Space Per Unit
Location
- County: Maricopa
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Electric, Individual
- Heating Type: Individual, Electric
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 1
- Exterior Const.: Wood Frame, Stucco
- Roof: Foam
- Year Built: 1987
Unit Information
- Vacancy %: .06
Lot Features
- Lot Dimensions: .22
- Zoning: R-5
Financial Considerations
- Maint. Fee/Month: $1,500
- Tax Amount: $1,153
- Tax Year: 2024
- Terms: Conventional, 1031 Exchange, FHA
- Owner Pays: Trash Collection, Water, Sewer, Landscaping
Disclosures and Reports
- Property ID: 214-40-252
- Lot Number: 5
Listed by Marcus & Millichap
Sold by Non-MLS Office
Get Pre-Approved Today
Schools
Schools serving 2726 E Tierra Buena Ln
School District:Paradise Valley Unified District
| Name | Grades | Distance |
|---|---|---|
Palomino Primary School 15833 North 29th Street, Phoenix, AZ 85032 | PK-3 | 0.2 mi |
Palomino Intermediate School 15815 North 29th Street, Phoenix, AZ 85032 | 4-6 | 0.3 mi |
Greenway Middle School 3002 East Nisbet Road, Phoenix, AZ 85032 | 7-8 | 0.5 mi |
North Canyon High School 1700 East Union Hills Drive, Phoenix, AZ 85024 | 9-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2726 E Tierra Buena Ln
Date
Details
Price
Change
Source
12/01/2025
Sold
$590,000
-9.23%
MLS
7/31/2025
Price Reduced
$650,000
-2.26%
MLS
6/19/2025
Price Reduced
$665,000
-2.21%
MLS
6/09/2025
Price Reduced
$680,000
-2.16%
MLS
5/29/2025
Price Reduced
$695,000
-2.11%
MLS
5/22/2025
Listed
$710,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2726 E Tierra Buena Lane, Phoenix, AZ 85032 (MLS# 6869954) is a Multi-Family property that was sold at $615,000 on December 01, 2025. Want to learn more about 2726 E Tierra Buena Lane? Do you have questions about finding other Multi-Family real estate for sale in Phoenix? You can browse all Phoenix real estate or contact a Coldwell Banker agent to request more information.

