340 N 12TH Street, Phoenix, AZ 85006 (MLS# 6935213)

Description

Don't miss this rare chance to own a corner lot duplex just minutes from Downtown Phoenix! This unique property features two separate homes on one lot — a 3 bed, 2 bath main house 1,121 sq ft plus a 1 bed, 1 bath back house 468 sq ft — ideal for house hacking, multigenerational living, or maximizing rental income. Both homes offer a fantastic value-add opportunity for investors or savvy homeowners. Live in one unit and rent the other, or capitalize on the booming demand for rentals in this vibrant, walkable neighborhood. Located in the Garfield Historic District, one of Phoenix's most sought-after & fast-growing areas, known for its vintage charm, artistic vibe, and community feel. Enjoy easy access to ASU Downtown Campus, University of Arizona College of Medicine,

Supplements: Roosevelt Row Arts District, and top-rated schools. Walk or bike to popular local coffee shops, boutique restaurants, music venues, and First Friday Art Walks. The corner lot provides additional privacy, street presence, and potential future development options. Zoned R-5 for high-density residential, giving flexibility for expansion (buyer to verify). Whether you're a buy-and-hold investor, short-term rental operator, or a homebuyer looking to offset your mortgage, this property is a must-see. Minutes to: Downtown Phoenix Chase Field & Footprint Center Phoenix Convention Center Freeways (I-10, I-17) Light rail Museums, nightlife, restaurants and more

Contract Info

Ownership: Fee Simple Current Price: $415,000 List Price: $415,000 Status: UCB (Under Contract-Backups) List Date: 2025-10-17

Location, Tax & Legal

Assessor's Map #: 25 Legal Description (Abbrev): LOT 19 VAN BUREN PLACE MCR 000413 Assessor's Parcel #: 98 Assessor Parcel Ltr: A Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 113202 Taxes: 990 Legal: LOT 19 VAN BUREN PLACE MCR 000413 Marketing Name: Garfield Historic House Number: 340 Compass: N Street Name: 12TH St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85006 Zip4: 4132 County Code: Maricopa Subdivision: VAN BUREN PLACE Assessor Number: 116-25-098-A Tax Year: 2024

General Property Description

# of Buildings: 2 Uncvrd Parking Spcs: 1 Lot Size Dimensions: 6759 Total # of Units: 2 Elementary School District: Phoenix Elementary District High School District: Phoenix Union High School District Elementary School: Garfield School Jr. High School: Garfield School High School: North High School Year Built: 1916 Zoning: RES

Legal Info

Range: 3E Section: 4 Township: 1N Lot Number: 19

Project Type

Duplex: 1

Construction

Wood Frame: 1

Const - Finish

Stucco: 1

Roofing

Composition: 1

Floors

Vinyl: 1 Ceramic Tile: 1 Carpet: 1

Sale Includes

Land & Building: 1

Income & Expenses

Annual Landscape Exp: 1000 Annual Mgmt Exp: 1200 Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 3190 Other Income: 0 Vacancy Allowance: 0.05 Adjusted Gross Inc: 34200

Pmt & Rate Info

Cap Rate: 6.02 Equity: 430000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings Text: 1

Lockbox Type

Supra: 1

Community Features

No Pool: 1

Heating

Electric: 1

Cooling

Central Air: 1 Electric: 1 Window/Wall Unit: 1 Individual: 1

Exterior Amenities

Desert Landscaping: 1 Partially Fenced: 1

Interior Features

Unfurnished: 1 Mini Blinds: 1

Tenant Pays

Water: 1 Sewer: 1 Electricity: 1 Trash Collection: 1

Appliances Included

Refrigerator: 1 Free-Standing Range: 1 W/D Hookup: 1

Road Access Type

City Street: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1

Road Responsibility

City Maintained Road: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Free: 1 On Street: 1 RV Access/Parking: 1 Other: 1

Electric

SRP: 1

Gas

None: 1

Owner Pays

None: 1

New Financing

Cash: 1 Conventional: 1

Existing 1st Loan

Conventional: 1

Existing 1st Loan Type

Fixed: 1

Existing 1st Loan Terms

Non Assumable: 1

Existing 2nd Loan

Treat as Free&Clear: 1

Existing 2nd Loan Type

Not Applicable: 1

Existing 2nd Loan Terms

Not Applicable: 1

Existing 3rd Loan

Treat as Free&Clear: 1

Existing 3rd Loan Type

Not Applicable: 1

Reports/Disclosures

Seller Prop Disc Stm: 1

Existing 3rd Loan Terms

Not Applicable: 1

Environmental

None: 1

Existing Othr Ln Trm

Not Applicable: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

# 1 Bedroom Units: 1 Avg Rent: 1000 Avg SqFt: 468 # Baths: 1

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

# 3 Bedroom Units: 1 Avg Rent: 1850 Avg SqFt: 1121 # Baths: 2

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Cross Street: 12TH ST/VAN BUREN Directions: From Van Buren, head N. on 12th St, house is on the corner of 12 St. and Polk. Guest house is on Polk St. and has 1161 on the surrounding wooden fence. Geo Lat: 33.45275 Geo Lon: -112.05628

Income Expenses

Gross Annual Sch Inc: 36000 Net Operating Income: 25900

Property Features

Project Type: Duplex Construction: Wood Frame Const - Finish: Stucco Roofing: Composition Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced Interior Features: Unfurnished; Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; W/D Hookup Cooling: Electric; Window/Wall Unit; Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: On Street; RV Access/Parking; Free; Other Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Trash Collection Source of Fincl Data: Owner Showing Notification Methods: Text Lockbox Type: Supra Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; Conventional Environmental: None