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Sold for $950,000 on 08/04/25
  • $950,000

    5501 W Orangewood Ave, Glendale, AZ 85301

    12beds
    7baths
    4,641sqft
    Multi Family
    Built in 1963
    -- sqft lot
    $994,300 Zestimate®
    $205/sqft
    $1,306 Estimated rent

    What's special

    ACCEPTING BACK-UP OFFERS. Property is Vacant. Exceptional Investment Opportunity!
Turn-Key Triplexes with Manager's Quarters in Glendale, AZ. Discover an incredible investment opportunity in the heart of Glendale with this fully renovated property featuring two beautifully remodeled triplexes and a centrally located manager's quarters or leasing office in the middle of both. Situated on a corner lot, this property is perfectly designed to attract residents seeking affordable alternatives to single-family housing while enjoying the conveniences of modern living. Why This Property Stands Out:
This charming garden-style community is fully fenced and boasts front and back courtyards, making it an ideal choice for supportive housing initiatives or non-profit developers. With excellent local and regional access, this property is perfectly positioned for young professionals, business representatives, and others who prefer to reside near work and recreation, without the maintenance and burdens of typical single-family homes. Property Highlights: Two triplexes**: Each of the six units features two bedrooms and one bath, measuring approximately 700 sq. ft. These single-level units come equipped with brand-new plumbing, electrical systems, flooring, cabinets, fixtures, and appliances, all creating a modern and welcoming atmosphere. The property is already plumbed for community washers and dryers. Thoughtfully designed with color and landscaping elements in mind, the buildings enhance the urban setting. ADA Compliant Manager's Quarters or Leasing Office. This central building is fully compliant with ADA standards, ensuring accessibility and convenience. Versatile Use: This property is perfect for a variety of community housing needs, including halfway homes, group homes, sober living facilities, clergy residences, or rectories. There is potential to lease each unit to tenants involved in state and federal programs, enabling strong returns while fulfilling vital community functions. Investment Potential: Each unit is separately metered for electricity, maximizing rental income. Manage one mortgage payment while enjoying the revenue from multiple units within a high-demand rental market. Fully Permitted & Inspected: The property is fully permitted, engineered, and inspected, complete with a Certificate of Occupancy. A recent consolidation of two lots into one promotes operational efficiency and streamlined management. New Driveway & Enhanced Curb Appeal: Featuring a brand-new driveway, the property not only enhances accessibility but also boosts the overall curb appeal. Community Focus & Location Advantages: Conveniently located on a corner lot, this property benefits from all city services and is situated in a desirable rental area, encouraging residents to engage with diverse housing initiatives. This community supports programs for veterans, victims of domestic violence, tribes, and other vulnerable populations, thereby strengthening community bonds. The site is ideally positioned within walking distance to abundant retail, restaurants, and entertainment, creating a sustainable, walk-friendly environment. Residents can easily utilize pedestrian and bike connections to surrounding amenities, promoting reduced vehicular traffic and a more sustainable lifestyle. Owner Motivated to Sell! Don't miss out on this exceptional turn-key opportunity! The value rooted in its "use" ensures this property is ready to serve the community while generating strong income potential. Explore the Possibilities! This is a rare gem that checks all the boxes for functionality and investment potential!

    Zillow last checked: 7 hours ago

    Listing updated: August 04, 2025 at 02:46pm

    Listed by:

    Amy D Brown 928-254-0501,

    Coldwell Banker Realty

    Bought with:

    Ruben Luna, SA558959000

    eXp Realty

    Source: ARMLS,MLS#: 6828771MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 7
    Heating
    • Electric
    Cooling
    • Ceiling Fan(s), Electric
    Appliances
    • Included: Refrigerator, Microwave
    Features
    • Flooring: Vinyl
    Interior area
    • Total structure area: 4,641
    • Total interior livable area: 4,641 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Free, 1 Space/Unit
    • Uncovered spaces: 6
    Lot
    • Size: 0.31 Acres
    • Dimensions: 123.8' x 110'
    Details
    • Parcel number: 14724145A
    • Zoning: R1-6

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Painted, Stucco
    • Roof: Composition
    Condition
    • Year built: 1963

    Utilities & green energy

    • Electric: APS
    • Sewer: Public Sewer
    • Water: City Franchise

    Community & neighborhood

    Community
    • Community features: See Remarks, Manager Res/Office, No Pool
    Location
    • Region: Glendale
    • Subdivision: CATLIN COURT BLK 1, 2, 6 & 7

    Other

    Other facts
    • Listing terms: CTL,Conventional
    • Ownership: Fee Simple
    • Road surface type: Asphalt
    Services availability
    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

    $994,300

    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

    $994,300