2424 E GRANDVIEW Road
Phoenix, AZ 85032
Paradise Valley- 3 Beds
- 3 Baths
- 23,850 sqft
3 Beds
3 Baths
23,850 sqft
Local Information
-- mins to
Description
Grandview Terrace is a 36-unit apartment community located in North Phoenix. Located on East Grandview Road, west of the SR-51 Freeway, and east of Cave Creek Road, near Lookout Mountain, Paradise Valley Community College, Costco, Arizona Christian University, shopping, schools, and plenty of transportation options. Property is being sold ''As-Is.'' For the investor: This property offers the rare opportunity to acquire 80s vintage apartments (fully rehabbed in 2012). Projected gross potential rent of $234,000, less 12% vacancy of $28,080 per year, added income of $2,200, equals $208,120 adjusted gross income. After expenses of $101,176, the pro forma net operating income is $106,944. This is a 8.23% CAP RATE!
2424 E GRANDVIEW Road, Phoenix, AZ 85032 is a 3 bedroom, 3 bathroom, 23,850 sqft multi-family in Paradise Valley, built in 1984. It last sold for $1,350,000 on Jul 10, 2013 (4% above the $1,300,000 asking price). It is currently off market. The Trulia Estimate is $3,187,600, with a rent estimate of $1,989/month.
Home Highlights
Parking
16 Open Spaces
Outdoor
Pool
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
122 days ago
Home Details for 2424 E GRANDVIEW Road
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Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 3 |
Dimensions and Layout Living Area: 23850 Square Feet |
Appliances & Utilities Utilities: Sewer ConnectedAppliances: Free-Standing Range, Dishwasher, RefrigeratorDishwasherRefrigerator |
Heating & Cooling Heating: Individual,ElectricHas CoolingAir Conditioning: Electric,IndividualHas HeatingHeating Fuel: Individual |
Gas & Electric Electric: APS, Individual MeterHas Electric on Property |
Windows, Doors, Floors & Walls Flooring: Carpet, Vinyl |
Levels, Entrance, & Accessibility Floors: Carpet, Vinyl |
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Exterior Home Features Roof: CompositionHas a Private Pool |
Parking & Garage Number of Covered Spaces: 36Open Parking Spaces: 16Has a CarportNo GarageHas Open ParkingParking Spaces: 52Parking: Paved,Free,Add'l Parking Avail,>1 Space Per Unit,Carport |
Pool Pool |
Frontage Road Surface Type: AsphaltNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Cumulative Days on Market: 6 |
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Year Built Year Built: 1984 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Painted, Stucco, Block |
Property Information Parcel Number: 21427002D |
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Price List Price: $1,300,000 |
Status Change & Dates Off Market Date: Mon Jun 03 2013 |
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MLS Status: Closed |
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Direction & Address City: PhoenixCommunity: Grandview Terrace Apartments |
School Information Elementary School District: Paradise Valley Unified DistrictHigh School District: Paradise Valley Unified District |
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Building Area Building Area: 23850 Square Feet |
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Community Features: Pool |
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Listing Terms: No Carry, 1031 Exchange |
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Business Information Ownership: Fee Simple |
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Owner Pays: Pool Maintenance, Trash Collection, Water, Sewer, Landscaping |
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Mls Number: 4943606 |
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Pool |
Last check for updates: about 3 hours ago
Listed by Natan Jacobs, (602) 281-6202
Vestis Group
Bought with: Richard Horst, (480) 353-0394, Keller Williams Arizona Realty
Source: ARMLS, MLS#4943606

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Price History for 2424 E GRANDVIEW Road
| Date | Price | Event | Source |
|---|---|---|---|
| 07/10/2013 | $1,350,000 | Sold | ARMLS #4943606 |
Market trends in Paradise Valley
Last updated June 2026
Avg. sale price
$583K
$3.33KMoM
Sale-to-List Price
98.5%
0.1%MoM
Price per sq ft
$336
$5MoM
Available listings
862
17MoM
Comparable Sales for 2424 E GRANDVIEW Road
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.42 | Multi-Family Home | $670,000 | 01/09/26 | 6 | 4 | 2,632 | |
0.73 | Multi-Family Home | $900,000 | 01/14/26 | 8 | 3 | 4,400 | |
0.55 | Multi-Family Home | $530,000 | 11/14/25 | 8 | 2 | 3,628 | |
0.61 | Multi-Family Home | $530,000 | 11/14/25 | 8 | 2 | 3,628 | |
0.53 | Multi-Family Home | $615,000 | 12/01/25 | 8 | 8 | 3,600 | |
0.54 | Multi-Family Home | $315,000 | 05/08/26 | 8 | 5 | 3,614 | |
0.75 | Multi-Family Home | $297,000 | 06/30/26 | 2 | 2 | 1,056 | |
0.93 | Multi-Family Home | $380,000 | 03/19/26 | 2 | 2 | 1,358 | |
1.79 | Multi-Family Home | $2,205,000 | 07/18/25 | 28 | 2 | 13,300 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 2424 E GRANDVIEW Road.
What Locals Say about Paradise Valley
At least 1036 Trulia users voted on each feature.
90 % Say it's dog friendly
89 % Say there are sidewalks
86 % Say parking is easy
85 % Say car is needed
77 % Say yards are well-kept
73 % Say there's holiday spirit
71 % Say people would walk alone at night
70 % Say streets are well-lit
70 % Say it's quiet
60 % Say kids play outside
58 % Say it's walkable to grocery stores
57 % Say they plan to stay for at least 5 years
55 % Say it's walkable to restaurants
51 % Say neighbors are friendly
42 % Say there's wildlife
23 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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Homes for sale near 2424 E GRANDVIEW Road
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