Fabulous centrally located investment opportunity. These new & modern four units with custom finishes affords a perfect owner-occupied luxurious lifestyle. The property was designed with a 2,000 ft.² owners three bedroom 3 1/2 bath home. The property consists of two, three bedrooms three bath homes and two one bedroom one bath apartments. The three bedroom units include gas fireplace. Superb location right off the 51 freeway with easy access to Sky Harbor Airport and Downtown Phoenix. Situated next to the Sprouts shopping center at 16th St. & Glendale. Adjacent to the canal with an easy walk to the Biltmore Hotel. Must see to appreciate!
Sold for $2,250,000
$2,250,000
1611 E LAMAR Road, Phoenix, AZ 85016
8beds
8baths
5,600sqft
Multi Family
Built in 2023
-- sqft lot
$2,297,200 Zestimate®
$402/sqft
$3,552 Estimated rent
Home value
$2,297,200
$2.18M - $2.41M
$3,552/mo
Zestimate® history
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: April 28, 2026 at 01:09am
Listed by:
Michael Banovac 602-571-4888,
RMB Realty LLC
Bought with:
Michael Banovac, SA586199000
RMB Realty LLC
Source: ARMLS,MLS#: 6974079
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Ceiling
Cooling
- Ceiling Fan(s), Electric
Appliances
- Included: Disposal, Dishwasher, Refrigerator, Built-In Gas Oven, Microwave, Washer/Dryer
Features
- Flooring: Vinyl
Interior area
- Total structure area: 5,600
- Total interior livable area: 5,600 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage Door Opener, >1 Space Per Unit, On Street, Carport
- Has garage: Yes
- Has carport: Yes
- Covered spaces: 6
- Uncovered spaces: 2
Lot
- Size: 0.26 Acres
- Dimensions: 80' x 144'
Details
- Parcel number: 16434003
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Painted, Stucco
Condition
- Year built: 2023
Utilities & green energy
- Electric: APS
- Sewer: Public Sewer
- Water: Individual Meter
Community & neighborhood
Community
- Community features: No Pool
Location
- Region: Phoenix
- Subdivision: TOWN HEIGHTS
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 4/27/2026 | Sold | $2,250,000-8.2%$402/sqft |
Source:  ARMLS #6974079 Report a problem | ||
| 4/27/2026 | Pending sale | $2,450,000$438/sqft |
Source: ARMLS #6974079 Report a problem | ||
| 1/24/2026 | Listed for sale | $2,450,000+620.6%$438/sqft |
Source: ARMLS #6974079 Report a problem | ||
| 4/30/2021 | Sold | $340,000+21.4%$61/sqft |
Source: Public Record Report a problem | ||
| 4/10/2018 | Sold | $280,000+460%$50/sqft |
Source: Public Record Report a problem | ||
| 4/12/2011 | Sold | $50,000-41.2%$9/sqft |
Source: ARMLS #4561799 Report a problem | ||
| 6/8/1998 | Sold | $85,000$15/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,957 +271.2% | $166,880 +225.5% |
| 2024 | $3,222 +2.7% | $51,270 +117.9% |
| 2023 | $3,135 +3.1% | $23,527 -33.1% |
| 2022 | $3,042 +0.7% | $35,160 -5.3% |
| 2021 | $3,020 -6.9% | $37,110 +4.1% |
| 2020 | $3,246 +2.5% | $35,655 +33% |
| 2019 | $3,166 | $26,800 +13% |
| 2018 | $3,166 +19.5% | $23,710 +5.3% |
| 2017 | $2,649 +11.5% | $22,510 -9.2% |
| 2016 | $2,375 +6.4% | $24,780 +7.6% |
| 2015 | $2,232 | $23,030 +29.6% |
| 2014 | -- | $17,770 +17.3% |
| 2013 | -- | $15,150 -0.4% |
| 2012 | -- | $15,210 +10.1% |
| 2011 | -- | $13,820 -26.7% |
| 2010 | -- | $18,850 -29.5% |
| 2009 | -- | $26,730 -11.3% |
| 2008 | -- | $30,150 +17.3% |
| 2007 | -- | $25,700 +52.1% |
| 2006 | -- | $16,900 |
| 2005 | -- | $16,900 +28% |
| 2004 | -- | $13,200 |
| 2003 | -- | $13,200 +26.3% |
| 2002 | -- | $10,450 |
Find assessor info on the county website
Neighborhood: Camelback East
Nearby schools
GreatSchools rating
- 9/10Madison Heights Elementary SchoolGrades: PK-4Distance: 0.8 mi
- 4/10Madison #1 Elementary SchoolGrades: 5-8Distance: 1.3 mi
- 2/10North High SchoolGrades: 9-12Distance: 4 mi
Schools provided by the listing agent
- District: Madison Elementary District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$2,297,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,297,200
- Arizona
- Maricopa County
- Phoenix
- 85016
- Camelback East
- 1611 E LAMAR Road