1611 E LAMAR Road, Phoenix, AZ 85016 (MLS# 6974079)

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$2,450,000
1611 E LAMAR Road
Phoenix, AZ 85016
MLS# 6974079
Status: Closed

1611 E LAMAR Road, Phoenix, AZ 85016
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1611 E LAMAR Road, Phoenix, AZ 85016

Property Description
Fabulous centrally located investment opportunity. These new & modern four units with custom finishes affords a perfect owner-occupied luxurious lifestyle. The property was designed with a 2,000 ft.² owners three bedroom 3 1/2 bath home. The property consists of two, three bedrooms three bath homes and two one bedroom one bath apartments. The three bedroom units include gas fireplace. Superb location right off the 51 freeway with easy access to Sky Harbor Airport and Downtown Phoenix. Situated next to the Sprouts shopping center at 16th St. & Glendale. Adjacent to the canal with an easy walk to the Biltmore Hotel. Must see to appreciate!

Details
Maps
Contract Info
Current Price: $2,250,000
List Price: $2,450,000
Status: Closed
List Date: 2026-01-24
Ownership: Fee Simple
Location Tax Legal
House Number: 1611
Compass: E
Street Name: LAMAR
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 1015
Country: US
County Code: Maricopa
Subdivision: TOWN HEIGHTS
Assessor Number: 164-34-003
Tax Year: 2025
General Property Description
Lot Size Dimensions: 80' x 144'
Year Built: 2023
Uncvrd Parking Spcs: 2
Total # of Units: 4
# of Buildings: 2
Zoning: R3
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: 16th St. & Glendale Ave.
Directions: Head South On 16th Make First Left Shopping Center Onto Lamar Rd. Property is the second building on the right.
Geo Lat: 33.536468
Geo Lon: -112.046879
Status Change Info
Off Market Date: 2026-04-26
Under Contract Date: 2026-03-05
Close of Escrow Date: 2026-04-27
Sold Price: 2250000
Legal Info
Township: 2N
Range: 3E
Section: 10
Lot Number: 3
Income Expenses
Gross Annual Sch Inc: 142680
Net Operating Income: 120600
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1700
Avg SqFt: 800
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 4250
Avg SqFt: 2000
# Baths: 3
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Rolled
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Landscape Water System; Fenced; Partially Fenced; Patio/Balcony
Appliances Included: Built-In Gas Oven; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Ceiling
Cooling: Ceiling Fan(s); Electric
Water Source: Individual Meter
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Garage; Carport; On Street; >1 Space Per Unit; Garage Door Opener
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Landscaping
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 2nd Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Environmental: None

Listing Office: RMB Realty LLC

Last Updated: April - 28 - 2026

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Thursday 30th of April 2026 08:52 AM