Highly sought after Central Phoenix multifamily property consisting of 2 duplexes each with its own water line for a total of 3500 sqft on a 13,000 sqft lot with unobstructed views of the City Skyline, this property offers entry into one of the valley's top tier rental submarket. Each unit just over 800 sqft HVAC system approx 3 years old, upgrades to electrical, kitchens and baths, each unit comes with a 1 car garage. Within walking distance to Banner Medical Center and a bike ride away from ASU Downtown this property offers a multitude of opportunities, property has a mix use zoning and has the potential to be a development project. Six new midrise and high rise multi-family projects already under construction all within 2 miles of the property. The lot across the street at 340 E Willetta is under contract for over 900k, with plans to build a 25 unit complex.
Sold for $1,120,000 on 06/28/23
$1,120,000
502 E Willetta St, Phoenix, AZ 85004
4beds
2baths
3,400sqft
Multi Family
Built in 1951
-- sqft lot
$1,256,300 Zestimate®
$329/sqft
$1,943 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 21, 2025 at 08:41am
Listed by:
Daniel Feld 602-230-7600,
HomeSmart
Bought with:
Bruno Arapovic, SA547460000
HomeSmart
Source: ARMLS,MLS#: 6536537

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Refrigerator, Washer/Dryer
Features
- Flooring: Concrete
Interior area
- Total structure area: 3,400
- Total interior livable area: 3,400 sqft
Property
Parking
- Total spaces: 6
- Parking features: Paved
- Covered spaces: 4
- Uncovered spaces: 2
Details
- Parcel number: 11137051
- Zoning: mix use
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Roof: Tile
Condition
- Year built: 1951
Utilities & green energy
- Electric: APS
- Sewer: Public Sewer
- Water: City Franchise
Community & neighborhood
Community
- Community features: No Pool
Location
- Region: Phoenix
- Subdivision: EAST EVERGREEN ADDN BLKS 13 14 19 20
Other
Other facts
- Listing terms: Conventional,1031 Exchange,FHA,VA Loan
- Ownership: Fee Simple
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Estimated market value
$1,256,300