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$575,000 Sale Pending
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Property Description
Exceptional investment opportunity to acquire a well-located four-unit apartment Ideally situated just minutes from Downtown Phoenix, Phoenix Sky Harbor International Airport, and major freeways, this property offers strong rental demand and outstanding value-add potential. The property features four 2-bedroom, 1-bathroom units, providing an attractive unit mix for tenants. Investors will appreciate the significant upside in rental income, with below-market rents offering the opportunity to increase cash flow over time. Recent capital improvements include a roof replaced approximately 6 years ago and two HVAC units replaced approximately 5 years ago, helping to minimize near-term maintenance costs. Each unit is individually metered for electricity, while low City of Phoenix water, sewer, Trash and taxes contribute to an efficient operating expense ratio. All facts and figures are approximate, buyer to verify to their own satisfaction.
Full Property Details
Full Property Details for 3702 E Polk St
General
- Price: $575,000
- Taxes: $1,080 (2025)
- Status: Pending
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 7055439
- Updated: 8/25/2026
- Added to Site: 39 day(s) ago
Interior
- Appliances: Refrigerator, Free-Standing Electric Oven
- Flooring: Tile, Carpet, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Parking
- Parking Features: >1 Space Per Unit
Location
- County: Maricopa
- Cross Streets: 37th St & Van Buren
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump, Individual
- Heating Type: Individual, Electric
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 2
- Exterior Const.: Stucco, Block
- Roof: Composition
- Year Built: 1983
Lot Features
- Lot Dimensions: 108 x 52
- Frontage: Asphalt
- Zoning: R-3
Financial Considerations
- Tax Amount: $1,080
- Tax Year: 2025
- Terms: Conventional
- Owner Pays: Trash Collection, Water, Sewer
Disclosures and Reports
- Property ID: 121-14-048
- Lot Number: UK
Listed by Levrose Real Estate
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Schools
Schools serving 3702 E Polk St
School Districts:Balsz Elementary District, Phoenix Union High School District
| Name | Grades | Distance |
|---|---|---|
David Crockett School 501 North 36th Street, Phoenix, AZ 85008 | K-5 | 0.2 mi |
Pat Tillman Middle School 4309 East Belleview Street, Phoenix, AZ 85008 | 6-8 | 1 mi |
Camelback High School 4612 North 28th Street, Phoenix, AZ 85016 | 9-12 | 3.9 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 3702 E Polk St
Date
Details
Price
Change
Source
7/17/2026
Listed
$575,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3702 E Polk St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,080
—
$8,466
-81%
2025
$1,080
11%
$45,534
-2%
2022
$971
—
$46,253
32%
2022
$971
—
$35,170
37%
2022
$971
-2%
$25,580
24%
2021
$987
2%
$20,710
17%
2020
$969
—
$17,770
21%
2019
$965
6%
$14,740
22%
2018
$909
4%
$12,070
—
2017
$871
2%
$12,030
26%
2016
$852
6%
$9,570
26%
2015
$800
3%
$7,610
9%
2014
$779
31%
$6,990
64%
2013
$594
—
$4,270
—
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 3702 E Polk St
3702 E Polk Street, Phoenix, AZ 85008 (MLS# 7055439) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 3702 E Polk Street is currently listed for $575,000 and was received on July 17, 2026. Want to learn more about 3702 E Polk Street? 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.

