$375,000
Phoenix, AZ 85040
MLS# 7017827
1 / 44
Property Description
Incredible investment opportunity with built-in income potential! This duplex features two identical 3-bedroom, 1-bath units--perfect for investors or owner-occupants looking to live in one and rent the other. Each unit offers a bright, open kitchen and living area, fresh interior paint, and its own fully fenced lot for added privacy and outdoor space. With NO HOA and strong rental appeal, this property delivers flexibility, value, and long-term potential. Whether you're expanding your portfolio or seeking a smart house-hack opportunity, this duplex is a must-see!
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $375,000
List Price: $375,000
Status: Active
List Date: 2026-04-22
Location, Tax & Legal
Assessor's Map #: 32
Legal Description (Abbrev): LOT 101 PROGRESS PLACE MCR 006318
Assessor's Parcel #: 101
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 115300
Taxes: 1005
Legal: LOT 101 PROGRESS PLACE MCR 006318
Marketing Name: Progress Place
House Number: 1946
Compass: E
Street Name: JONES
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 1422
County Code: Maricopa
Subdivision: PROGRESS PLACE
Assessor Number: 122-32-101
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 70x109
Total # of Units: 2
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Elementary School: Irene Lopez School
Jr. High School: Irene Lopez School
High School: South Mountain High School
Year Built: 1998
Zoning: Residential
Legal Info
Range: 3E
Section: 22
Township: 1N
Lot Number: 101
Project Type
Duplex: 1
Construction
Block: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1005
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 30360
Pmt & Rate Info
Cap Rate: 6.72
Equity: 375000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Supra: 1
Community Features
Other: 1
Heating
Electric: 1
Cooling
Central Air: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Free-Standing Electric Oven: 1
Microwave: 1
W/D Hookup: 1
Road Surface Type
Concrete: 1
Source of Fincl Data
Owner: 1
Water Source
Community Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
None: 1
Electric
City Electric: 1
Gas
None: 1
Owner Pays
None: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: (623) 277-0248
List Agent Hme Phn 2: (623) 277-0248
List Agent Cell Phn2: (623) 277-0248
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 700
Avg SqFt: 1700
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: S 20th St
Directions: Take a right on E. Jones Ave., take a right on S. 20th St., take a left on E. Jones Ave., house is on the right - 1946 E. Jones Ave.
Geo Lat: 33.410821
Geo Lon: -112.039031
Income Expenses
Gross Annual Sch Inc: 30360
Net Operating Income: 25198
Property Features
Project Type: Duplex
Construction: Block
Const - Finish: Stucco
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: Other
Appliances Included: Free-Standing Electric Oven; Dishwasher; Disposal; Microwave; W/D Hookup
Cooling: Central Air
Water Source: Community Franchise
Sewer: Sewer - Public
Electric: City Electric
Gas: None
Parking Features: None
Road Surface Type: Concrete
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Supra
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; Other (See Remarks)
Environmental: None
Listing Office: My Home Group Real Estate
Last Updated: April - 22 - 2026
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