1505 E  Oak St, Phoenix, AZ 85006
FOR SALE

1505 E Oak St
Phoenix, AZ 85006

Encanto
  • 6 Beds
  • 1 Bath
  • 2,430 sqft
  • 6 Beds
  • 1 Bath
  • 2,430 sqft

$810,000

Est. Mortgage $4,676/mo*

Local Information

map showing home location
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Commute Destination

Description

The 1505 E Oak Street tripex offering is open to anyone looking to owner occupy a fully turnkey multifamily dwelling or for the traditional multifamily investor. The Seller of 1501 is also selling 1501, 1509, 1521, 1527 & 1527 E Oak Street as well each of which are individual triplexes. Each one of these triplexes are set to be sold individually or as a package. Each triplex offers a unit mix of (100%) 2-bedroom / 1-bathroom units. Each unit is individually metered for electricity. Capital Improvement Summary: Renovations were started in 2022 and and completed in 2023. Exterior remodel consist of modern paint colors, installation, new roofs and desert landscaping. The interiors of all units feature new vinyl flooring, stainless steel appliances, , updated counter tops and in-suit W/D.

Home Highlights

Parking
4 Open Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$333
Listed
87 days ago

Home Details for 1505 E Oak St

Interior Features

Beds & Baths
Number of Bedrooms: 6Number of Bathrooms: 1
Heating & Cooling
Heating: ElectricHas CoolingAir Conditioning: Ceiling Fan(s)Has HeatingHeating Fuel: Electric
Gas & Electric
Electric: Master Meter, Individual MeterHas Electric on Property
Windows, Doors, Floors & Walls
Flooring: Vinyl
Levels, Entrance, & Accessibility
Floors: Vinyl
View
No View

Exterior Features

Exterior Home Features
Roof: Composition
Parking & Garage
Open Parking Spaces: 4No GarageHas Open ParkingParking Spaces: 4Parking: >1 Space Per Unit
Frontage
Road Surface Type: Asphalt
Water & Sewer
Sewer: Public Sewer

Days on Market

Days on Market: 87

Property Information

Year Built
Year Built: 1957
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Painted, Block
Property Information
Parcel Number: 11718105

Price & Status

Price
List Price: $810,000Price Per Sqft: $333

Active Status

MLS Status: Active

Location

Direction & Address
City: PhoenixCommunity: RANCHITOS BONITAS LOTS 1-4
School Information
Elementary School District: Phoenix Elementary DistrictHigh School District: Phoenix Union High School District

Agent Information

Listing Agent
Listing ID: 6657121

Building

Building Area
Building Area: 2430 Square Feet

Community

Community Features: No Pool

Lot Information

Lot Area: 6788 sqft

Offer

Listing Terms: Conventional, FHA

Compensation

Buyer Agency Commission: 1.5Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Business

Business Information
Ownership: Fee Simple
Expense
Tenant Pays: Electricity

Rental

Owner Pays: Trash Collection, Water, Sewer

Miscellaneous

Mls Number: 6657121

Additional Information

No Pool
Last check for updates: 1 day ago
Listing courtesy of Mitchell Drake, (602) 714-1289
ABI Multifamily
Source: ARMLS, MLS#6657121
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Zillow, Inc., Designated REALTOR®- Chris Long - (480) 907-1010
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Price History for 1505 E Oak St

DatePriceEventSource
01/30/2024$810,000Listed For SaleARMLS #6657121
01/23/2024$795,000ListingRemovedARMLS #6487437
07/30/2023$795,000PriceChange
ARMLS #6487437
03/07/2023$850,000PriceChange
ARMLS #6487437
12/19/2022$890,000PriceChange
ARMLS #6487437
11/09/2022$950,000Listed For SaleARMLS #6487437
11/20/2017$1,130,000Sold
ARMLS #5643528
11/09/2017$1,200,000PendingToActiveAgent Provided
09/11/2017$1,200,000PendingAgent Provided
08/07/2017$1,200,000Listed For SaleAgent Provided
02/20/2015$750,000Sold
ARMLS #5210444
02/12/2015$20,000PendingAgent Provided
12/30/2014$20,000PendingToActiveAgent Provided
12/17/2014$20,000PendingAgent Provided
04/15/2014$750,000PriceChange
Agent Provided
04/01/2014$795,000PriceChange
Agent Provided
03/28/2014$850,000Listed For SaleAgent Provided
12/18/2013$159,000ListingRemovedAgent Provided
10/05/2013$159,000Listed For SaleAgent Provided
09/19/2012$109,000Sold
ARMLS #4801110
08/11/2012$109,000Listed For SaleAgent Provided
01/20/2006$230,000Sold
N/A
12/03/2004$190,000Sold
N/A
01/09/2004$114,925Sold
N/A
09/15/2000$540,000Sold
N/A

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Property Taxes and Assessment

Year2022
Tax$1,092
Assessment$277,000
Home facts updated by county records

Comparable Sales for 1505 E Oak St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.52
Multi-Family Home
$950,000
06/23/23
8
1
2,760
0.77
Multi-Family Home
$775,000
02/28/24
6
1
2,250
0.42
Multi-Family Home
$616,000
10/05/23
4
2
1,715
0.32
Multi-Family Home
$650,000
07/26/23
4
1
1,900
0.82
Multi-Family Home
$800,000
05/31/23
6
1
3,000
0.58
Multi-Family Home
$505,000
07/13/23
5
2
2,201
1.12
Multi-Family Home
$962,500
11/22/23
8
1
2,900
0.45
Multi-Family Home
$1,290,000
11/29/23
7
5
2,896
0.61
Multi-Family Home
$865,000
04/09/24
7
2
3,800
0.97
Multi-Family Home
$930,000
03/12/24
4
2
2,436

Neighborhood Overview

See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Encanto

  • Trulia User
    "its in the desert smack dab downtown almost and close to the airport. its equidistant to almost all outskirts of the valley. its is located by everything that you dont need to travel far. This area is getting renovated and remodeling a lot of houses."
    4
    Flag
  • Trulia User
    "The state fair, of course. Permit parking even if you’re a resident. Having to maintain grass in the desert, and the occasional lovely visit to your porch, by some of the local charming vagrants."
    1
    Flag
  • Trulia User
    "My commute is pretty simple and safe from work to home. Have not encounter any violence in the past 2 years of living in the area "
    0
    Flag
  • Trulia User
    "It’s a very close knit community. Everyone here is helpful and kind. Definitely cannot leave your packages out front, but mostly good otherwise! "
    2
    Flag
  • Trulia User
    "Everyone has fenced yards, but some people walk their dogs, it’s safe to do that during the day or night"
    1
    Flag
  • Trulia User
    "I’ve lived in central Phoenix for over 20 years, it has changed a lot but the neighborhood is still the same in many ways lots of friendly people "
    1
    Flag
  • Trulia User
    "I’ve lived in central Phoenix over 25yrs, it is a great area to live. People are friendly and keep neighborhood nice "
    1
    Flag
  • Trulia User
    "The area is easily accessible to all other areas of the valley and typically it's not far to a bus stop or Lyft is good too. "
    0
    Flag
  • Trulia User
    "having to pick up their dog poop and dogs just running without a leash but they will like to have a dog play round and toys for pets or bathroom spot for dogs and somewhere where the dogs can drink water and rest at. "
    0
    Flag
  • Trulia User
    "Have not seen many community events around. Like the area though. Generally pretty quiet in my area "
    1
    Flag
  • Trulia User
    "This neighborhood is great for those willing to take public transportation. The bus routes are everywhere and very close to the light rail."
    0
    Flag
  • Trulia User
    "Beware of traffic, lots of fast moving traffic! There are car accidents almost daily and drivers seem unaware of what's going on not only in the intersections but also on 16th street and Osborn Rd both ... "
    0
    Flag
  • Trulia User
    "Neighborhood community group activities, neighborhood yard sales, shred events, historic neighborhood, neighborhood first aid & CPR classes. "
    0
    Flag
  • Trulia User
    "Lived here over 20 years, very quiet and safe place to live, friendly fun neighbors who walk their dogs, jog and spend time outside a lot "
    0
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  • Trulia User
    "Everyone is so friendly and neighbors are awesome there’s so many great things about living in central Phoenix. We all are really nice people we just have so many good neighbors. Everyone watch watches for each other nobody uses profanity on the streets is just so great to live in downtown Phoenix restaurants are always gree with service there is no issues with any restaurants at all. Parts are very clean and we are so close to hiking trails and biking routes"
    0
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  • Trulia User
    "Lots of long-time families live here. Even though the area isn't that safe, the neighbors at least try to maintain the street and notify one another of packaging. Really good people live in this area and try their best to keep things nice."
    1
    Flag
  • Trulia User
    "Lovely place to live, everyone super nice. Everyone in downtown Phoenix is such a great people. Parks are clean and all people so friendly, love the environment created in the city."
    0
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  • Chrissie L. A.
    "I have immediate access to the freeway and I have no issues. I work on tempe so the only bottleneck is of course at the tunnel."
    4
    Flag
  • Charlzstevens
    "The community feel is overall great , close enough to downtown without being too deep I’m a fan in general "
    2
    Flag
  • Jasminejohnsonmusic
    "Dogs are on leashes while being walked. No dogs running around as strays. Very dog-friendly community."
    2
    Flag
  • Toni S.
    "I think it’s fine. No issues with dog ownership that I have noticed. Good neighborhood for dogs or any animals "
    4
    Flag
  • Sid M.
    "I live on Osborn and would not have kids off the busy road. Good area over all. It is nice for walks with my dog and family."
    1
    Flag
  • Luanne
    "There are luminarias at Christmas and monthly cocktail parties, plus neighborhood front yard concerts."
    1
    Flag
  • Songnheart71159
    "There are many families in the neighborhood with diversity. It's a great area with accessibility to the museums and downtown nightlife."
    1
    Flag
  • Kirsten
    "I don’t know why I got this survey. Although I had a friend that lived in the neighborhood and loved it and enjoyed visiting. Love the dog park and the bars and restaurants nearby. I live nearby but would love to live in the area if given the opportunity. "
    2
    Flag
  • Chris R.
    "Nothing much to say really other than encanto is a nice area to live. Not to quiet and not to busy. "
    10
    Flag
  • Sam D.
    "Most people own dogs and you’ll see them walking them. People stop to say hi and give treats. This is a dog friendly neighborhood "
    1
    Flag
  • Bnbdad16
    "Golfing today was good nice trees good vibes great sun. Easy access to Highway. Stores parks and recreation food and pharmacy. I would recommend it to anyone who’s looking for a place to live. "
    8
    Flag
  • Dustysusan
    "Many homeless, drug dealing, camping out in alley, going to the bathroom next to dumpsters...& more!"
    3
    Flag
  • Weston A.
    "Midtown is fantastic, things are really great and getting better all the time. We hope to buy here in the very near future, we've rented here for years."
    1
    Flag
  • Sam D.
    "Family neighborhood, quiet, clean, dog friendly, close to downtown, unique houses, a lot of renovation going on which will make the neighborhood better without losing its character"
    0
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  • Luanne
    "People walk their dogs every evening. It’s a very Friendly place to have a dog and getting to know the neighbors. A dog park is close, too."
    2
    Flag
  • Luanne
    "It’s a lovely neighborhood where everyone looks out for one another. It feels like a throwback to another era."
    2
    Flag
  • Tgrady
    "Willo-Encanto District tours, neighborhood crime watch, concerts, and Willo/Encanto quarterly updates/magazine. "
    0
    Flag
  • Keelyinphx
    "Encanto Park and golf course are really nice. Very close to the Fairgrounds. Close to events and nightlife in downtown and midtown."
    0
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  • Praphul N.
    "it's easy commute any where f on downtown.phoenix to camel back and Biltmore area. With new grocery stores like Sprouts and Safeway things have changed."
    1
    Flag
  • Freshd34
    "Encanto is a good neighborhood for diversity in lifestyle and amenities. There is a lot of parks and shopping centers nearby. An assortment of restaurants are nearby too. The cost of living is not extremely high. Just a good, solid place to live overall"
    0
    Flag
  • Toccara B.
    "Simple and far from complicated, only dislike in this neighborhood is the weird guys who honk at you for walking down the street "
    0
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  • Nfernleaf
    "Im just renting in this area but love how close I Am to all freeways restaurants and bars. Everyone is very friendly and speaks when walking by. I feel safe and comfortable living here."
    0
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  • Elaine P.
    "Most people have dogs which I think shows they like dogs. They are well cared for and the interaction between owners and their dogs seems loving"
    1
    Flag

LGBTQ Local Legal Protections

Mitchell Drake, ABI Multifamily
1505 E Oak St, Phoenix, AZ 85006 is a 6 bedroom, 1 bathroom, 2,430 sqft multi-family built in 1957. 1505 E Oak St is located in Encanto, Phoenix. This property is currently available for sale and was listed by ARMLS on Jan 30, 2024. The MLS # for this home is MLS# 6657121.