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$1,000,000

  • Sold
  • Closed
  • Multi-Family
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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.

Full Property Details for 3601 W Melvin

General

  • Sold For: $1,000,000
  • Taxes: $1,587 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 6904880
  • Added to Site: 156 day(s) ago

Interior

  • Flooring: Ceramic Tile, Vinyl

Parking

  • Parking Features: >1 Space Per Unit

Location

  • County: Maricopa
  • Township: 1N
  • Subdivision: WEST PHOENIX ADDITION
  • Cross Streets: 35 Ave and Van Buren

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Evaporative Cooling
  • Heating Type: Electric

Utilities

  • Water: City Franchise

Structural Information

  • # Buildings: 3
  • Exterior Const.: Wood Frame, Stucco, Brick
  • Roof: Composition, Rolled/Hot Mop
  • Year Built: 1946

Unit Information

  • Vacancy %: .05

Lot Features

  • Lot Dimensions: 12428
  • Zoning: R-3

Financial Considerations

  • Tax Amount: $1,587
  • Tax Year: 2024
  • Terms: CTL, Conventional
  • Owner Pays: Trash Collection, Water, Sewer

Disclosures and Reports

  • Legal Description: WEST PHOENIX ADD LOTS 1 & 3 BLK 7
  • Property ID: 106-15-142
  • Range: 2E
  • Section: 3
  • Lot Number: 1

Listed and Sold by Matthews Real Estate Investment Services

Listing agent

— 3601 W Melvin —

  • Matthews Real Estate Investment Services

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 3601 W Melvin

School Districts:Isaac Elementary District, Phoenix Union High School District
NameGradesDistance
Moya Elementary School
406 North 41st Avenue, Phoenix, AZ 85009
K-50.7 mi
Morris K. Udall Escuela De Bellas Artes
3715 West Roosevelt Street, Phoenix, AZ 85009
6-80.4 mi
Carl Hayden High School
3333 West Roosevelt Street, Phoenix, AZ 85009
9-120.5 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 3601 W Melvin

Date
Details
Price
Change
Source
10/06/2025
Sold
$1,000,000
-13.04%
MLS
9/11/2025
Price Reduced
$1,150,000
-8%
MLS
8/12/2025
Listed
$1,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Matthews Real Estate Investment Services

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3601 W Melvin, Phoenix, AZ 85009 (MLS# 6904880) is a Multi-Family property that was sold at $1,000,000 on October 06, 2025. Want to learn more about 3601 W Melvin? 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.