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Property Description
This well-maintained slump-block fourplex is positioned at the end of a quiet cul-de-sac and offers an outstanding combination of long-term durability, strong rental upside, and low-maintenance operating costs. With immediate proximity to SR-51, the property provides fast access to major employment centers including the Biltmore Financial District, Midtown, Downtown Phoenix, and nearby healthcare campuses. Key Property Highlights Brand-New Roof with a transferable warranty, providing future owners with peace of mind and reduced capital expense. Maintenance-Free Landscaping, upgraded with ¼-inch crushed granite and the proper underlying weed-control membrane-dramatically reducing ongoing grounds maintenance. Private Outdoor Space for Each Tenant, includi This well-maintained slump-block fourplex is positioned at the end of a quiet cul-de-sac and offers an outstanding combination of long-term durability, strong rental upside, and low-maintenance operating costs. With immediate proximity to SR-51, the property provides fast access to major employment centers including the Biltmore Financial District, Midtown, Downtown Phoenix, and nearby healthcare campuses. Key Property Highlights Brand-New Roof with a transferable warranty, providing future owners with peace of mind and reduced capital expense. Maintenance-Free Landscaping, upgraded with ¼-inch crushed granite and the proper underlying weed-control membranedramatically reducing ongoing grounds maintenance. Private Outdoor Space for Each Tenant, including individual fenced patios and rear yards, increasing tenant satisfaction, retention, and rental demand. Desirable Slump Block Construction, known for its durability, thermal performance, and long-term stabilityideal for long-term investors. One Unit Currently Vacant, already refreshed with new interior paint, 2-inch wood-look faux blinds, and additional cosmetic upgradesperfect for achieving market rent quickly. All Units Feature Ceramic Tile Flooring, ideal for durability, ease of maintenance, and lower turnover costs. Significant Rental Upside, as existing rents are below current market levels for the area. Excellent Transportation Access, located minutes from State Route 51, connecting residents to major employers, hospitals, parks, and Central Phoenix amenities. Why This Fourplex Performs Well as an Investment This asset checks all the boxes for a low-maintenance, high-demand rental investment: Turnkey exterior improvements already completed Individual outdoor spaces that support stronger rent premiums A refreshed vacant unit ready for lease or owner-occupancy Proven long-term construction type Strong local renter demand driven by proximity to transit corridors and employment East Sunnyslope - Phoenix, Arizona Area Overview for Investors & Buyers** East Sunnyslope is one of Phoenix's most established and naturally scenic neighborhoods, positioned at the base of the North Mountain Preserve and offering a unique blend of urban convenience and outdoor lifestyle. Located just minutes from State Route 51, the area provides residents with fast access to Downtown Phoenix, Midtown, the Camelback Corridor, and the broader Valley employment base. Proximity to SR-51 (Highway 51) East Sunnyslope benefits from immediate access to SR-51, one of Phoenix's primary north-south freeways. This corridor significantly reduces commute times to: Downtown Phoenix (approx. 10 minutes) Biltmore Financial District Phoenix Children's Hospital & Medical Cluster Sky Harbor International Airport Scottsdale employment corridors This connectivity is a major reason residents and investors choose the area. Major Employers Near East Sunnyslope While Sunnyslope retains a neighborhood character, it is surrounded by several significant employment hubs that attract renters and long-term residents: Healthcare HonorHealth John C. Lincoln Medical Center A major medical employer and long-standing anchor of the Sunnyslope community.
Full Property Details
Full Property Details for 822 E Carol Ave
General
- Price: $975,000
- HOA FEE: $1,200
- Taxes: $927 (2025)
- Status: Active
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6952059
- Updated: 12/12/2025
- Added to Site: 49 day(s) ago
Interior
- Appliances: Free-Standing Range, Refrigerator
- Flooring: Carpet, Ceramic Tile, Vinyl
Parking
- Parking Features: Paved, Free, 1 Space/Unit, On Street
Location
- County: Maricopa
- Township: 3N
- Cross Streets: 7th Street/Hatcher
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Heat Pump, Individual
- Heating Type: Individual, Heat Pump
Utilities
- Water: Master Meter, City Franchise
Structural Information
- # Buildings: 1
- Exterior Const.: Painted, Block, Slump Block
- Roof: Composition, See Remarks
- Year Built: 1977
Unit Information
- Vacancy %: .03
Lot Features
- Lot Dimensions: irr
- Zoning: Multi
Financial Considerations
- Maint. Fee/Month: $1,200
- Tax Amount: $927
- Tax Year: 2025
- Terms: No Carry, Conventional, FHA, VA Loan
- Owner Pays: Trash Collection, Water, Sewer, Landscaping
Disclosures and Reports
- Legal Description: E 50' OF S2 NW4 SE4 NW4 SW4 EX S 25' RD .16 AC
- Property ID: 159-37-078
- Range: 3E
- Section: 28
Listed by Gerchick Real Estate
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Schools
Schools serving 822 E Carol Ave
School Districts:Washington Elementary District, Glendale Union High School District
| Name | Grades | Distance |
|---|---|---|
Sunnyslope Elementary School 245 East Mountain View Road, Phoenix, AZ 85020 | K-8 | 0.5 mi |
Sunnyslope High School 35 West Dunlap Avenue, Phoenix, AZ 85021 | 9-12 | 0.9 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 822 E Carol Ave
Date
Details
Price
Change
Source
11/27/2025
Listed
$975,000
550%
MLS
10/23/2012
Sold
$150,000
—
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 822 E Carol Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$927
4%
$39,500
1%
2024
$892
2%
$39,020
-4%
2023
$876
3%
$40,650
28%
2022
$848
—
$31,660
41%
2022
$848
-1%
$22,420
21%
2021
$858
3%
$18,530
15%
2020
$837
2%
$16,180
16%
2019
$822
3%
$13,980
20%
2018
$800
1%
$11,680
21%
2017
$796
2%
$9,680
7%
2016
$781
8%
$9,060
17%
2015
$724
-5%
$7,750
35%
2014
$764
24%
$5,720
51%
2013
$617
—
$3,780
—
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 822 E Carol Ave
822 E Carol Avenue, Phoenix, AZ 85020 (MLS# 6952059) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 822 E Carol Avenue is currently listed for $975,000 and was received on November 27, 2025. Want to learn more about 822 E Carol Avenue? 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.

