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$999,999
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Property Description
Huge opportunity to own a 4-plex investment property in a prime location! Situated in the rapidly growing and highly desirable central Phoenix area near the Downtown, Midtown, and Encanto Corridors, this is an exceptional opportunity for long-term wealth creation and strong rental demand. With no HOA fees, operating costs stay lower and returns stronger. The property features four well-maintained units, each offering 974 sq ft with 2 bedrooms and 2 bathrooms. One unit has been recently remodeled, with another currently undergoing renovations. Two units are currently leased below market rents, while two units are vacant during the remodel process, creating immediate upside potential. Strong value-add opportunity with projected rents of $1,450-$1,700 per month based on nearby comparable properties. Centrally located property just minutes from downtown phoenix with convenient freeway access and strong rental potential. Situated in an established neighborhood with a mix of resident and investment properties.
Full Property Details
Full Property Details for 3422 N 12th Pl
General
- Price: $999,999
- Taxes: $3,188 (2025)
- Status: Active
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 7020709
- Updated: 5/4/2026
- Added to Site: 28 day(s) ago
Interior
- Appliances: Built-In Range, Free-Standing Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer, Washer and Dryer Hookups
- Flooring: Ceramic Tile
Parking
- Parking Features: Paved, Carport
Location
- County: Maricopa
- Township: 2N
- Subdivision: STEPHENSON SUBDIVISION
- Cross Streets: Osborn Road & 7th Street
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric, Individual
- Heating Type: Individual, Central, Electric
Utilities
- Water: Master Meter, City Franchise
Structural Information
- # Buildings: 1
- Exterior Const.: Wood Frame, Stucco
- Roof: Built-Up
- Year Built: 1983
Lot Features
- Lot Dimensions: 60 x 126.8
- Frontage: Asphalt
- Zoning: R-4
Financial Considerations
- Tax Amount: $3,188
- Tax Year: 2025
- Terms: Conventional, FHA, VA Loan
- Owner Pays: Trash Collection, Water, Sewer
Disclosures and Reports
- Legal Description: STEPHENSON SUB LOT 1 EX W 141.8F TH/OF & EX E 30F TH/OF
- Property ID: 118-08-137
- Range: 3E
- Section: 28
- Lot Number: 1
Listed by Howe Realty
Get Pre-Approved Today
Schools
Schools serving 3422 N 12th Pl
School Districts:Osborn Elementary District, Phoenix Union High School District
| Name | Grades | Distance |
|---|---|---|
Longview Elementary School 1209 East Indian School Road, Phoenix, AZ 85014 | PK-6 | 0.4 mi |
Osborn Middle School 1102 West Highland Avenue, Phoenix, AZ 85013 | 7-8 | 2.3 mi |
North High School 1101 East Thomas Road, Phoenix, AZ 85014 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3422 N 12th Pl
Date
Details
Price
Change
Source
5/04/2026
Price Reduced
$999,999
-9.01%
MLS
4/29/2026
Listed
$1,099,000
256.82%
MLS
3/01/2016
Sold
$308,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3422 N 12th Pl
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,188
4%
$88,660
3%
2024
$3,080
4%
$86,280
-17%
2022
$2,959
—
$103,930
39%
2022
$2,959
—
$74,770
30%
2022
$2,959
-2%
$57,350
21%
2021
$3,009
3%
$47,420
18%
2020
$2,933
5%
$40,160
11%
2019
$2,806
3%
$36,160
14%
2018
$2,713
9%
$31,680
-25%
2017
$2,491
4%
$42,110
14%
2016
$2,403
8%
$36,960
18%
2015
$2,234
-9%
$31,370
27%
2014
$2,447
55%
$24,650
126%
2013
$1,581
—
$10,920
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3422 N 12th Pl
3422 N 12th Place, Phoenix, AZ 85014 (MLS# 7020709) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 3422 N 12th Place is currently listed for $999,999 and was received on April 29, 2026. Want to learn more about 3422 N 12th Place? 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.

