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For sale
  • Price cut: $100K (8/10)
    $500,000

    721 W Cinnabar Ave, Phoenix, AZ 85021

    3beds
    3baths
    1,350sqft
    : 
    Multi Family
    Built in 1947
    -- sqft lot
    $-- Zestimate®
    $370/sqft
    $-- HOA

    What's special

    Spacious lotLaundry roomNewer roofs
    Discover investment potential at 721 W Cinnabar, a promising triplex nestled in a vibrant neighborhood. This property boasts a laundry room and newer roofs, ensuring low maintenance costs for discerning investors. Adjacent is a six-unit property also available for sale, offering expanded portfolio opportunities. Strong possibility to build more units. Currently occupied by Government Assisted Leases, this triplex guarantees consistent income, with payments reliably arriving on the first of every month. Situated on a spacious lot, there's ample room for potential development, presenting a lucrative opportunity for expansion or enhancement. Buyers are encouraged to verify all facts and figures independently to capitalize on this exceptional investment opportunity. Don't miss out Proximity:  Light Rail: The 85021 area is conveniently located near the Valley Metro Light Rail, providing easy access to public transportation throughout the Phoenix metropolitan area.  Interstate 17 (I-17): Close proximity to Interstate 17 facilitates quick access to downtown Phoenix and other parts of the valley. Employment Base:  The area around 85021 is supported by a diverse employment base, including sectors such as healthcare, education, technology, and service industries. Hiking and Outdoor Recreation:  Residents can enjoy outdoor activities with nearby access to hiking trails in scenic locations such as North Mountain Park and Shaw Butte. Entertainment and Dining:  The 85021 area offers a variety of entertainment options, including shopping centers, restaurants, and cultural venues, ensuring a vibrant local scene. Public Transportation:  Bus Routes: Several bus routes serve the 85021 area, enhancing connectivity for commuters and residents alike.
    133 days
    on Zillow
    |
    216
    |
    8
    |

    Likely to sell faster than

    Zillow last checked: 7 hours ago

    Listing updated: August 10, 2025 at 05:18am

    Listed by:

    Linda S Gerchick 602-688-9279,

    Gerchick Real Estate

    Source: ARMLS,MLS#: 6847366MLS Logo

    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 721 W Cinnabar Ave.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    Heating
    • Individual, Heat Pump
    Cooling
    • Ceiling Fan(s), Electric, Individual
    Appliances
    • Included: Refrigerator, Free-Standing Gas Oven
    Features
    • Flooring: Carpet, Ceramic Tile, Vinyl
    Interior area
    • Total structure area: 1,350
    • Total interior livable area: 1,350 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: RV Access/Parking, Free, Add'l Parking Avail, >1 Space Per Unit, Boat
    • Uncovered spaces: 6
    Details
    • Parcel number: 15829049
    • Zoning: R-3

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Painted, Block
    • Roof: Composition
    Condition
    • Year built: 1947

    Utilities & green energy

    • Electric: APS, Individual Meter
    • Sewer: Public Sewer
    • Water: Master Meter, City Franchise

    Community & HOA

    Community
    • Features: See Remarks, No Pool
    • Subdivision: IRONWOOD PLACE
    Location
    • Region: Phoenix

    Financial & listing details

    • Price per square foot: $370/sqft
    • Tax assessed value: $336,700
    • Annual tax amount: $610
    • Date on market: 4/6/2025
    • Listing terms: No Carry,Conventional
    • Ownership: Fee Simple
    • Electric utility on property: Yes
    • Road surface type: Asphalt
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