2559 E Corona Ave, Phoenix, AZ 85040
Property image
Property image
FOR SALE
NEW - 7 HRS AGO
FOR SALE BY OWNER

2559 E Corona Ave
Phoenix, AZ 85040

South Mountain
  • 6 Beds
  • 3 Baths
  • 2,250 sqft

$745,000

Est. Mortgage $4,062/mo*
Get Pre-Qualified

$745,000

Est. Mortgage $4,062/mo*
Get Pre-Qualified
6 Beds
3 Baths
2,250 sqft

Local Information

  • Map ViewExplore the area around 2559 E Corona Ave.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Rare Phoenix Multi-Family Investment Portfolio

Package Price: $2,980,000

Four adjacent multi-family buildings located at 2549, 2551, 2557 & 2559 E Corona Ave, Phoenix, AZ 85040.

THIS IS A PORTFOLIO SALE. All four properties are being offered together as one investment package and will not be sold separately. The equivalent purchase price is approximately $745,000 per building.

Located in the rapidly expanding Phoenix Airport Economic Corridor, this exceptional investment portfolio consists of four freestanding residential buildings totaling twelve rental units situated on approximately 30,024 square feet of land with approximately 9,180 square feet of building area. All twelve units feature efficient two-bedroom, one-bathroom floor plans that continue to experience strong rental demand in one of Phoenix's fastest-growing employment corridors.

The property is ideally positioned near Phoenix Sky Harbor International Airport, Interstate 10, Downtown Phoenix, Arizona State University, major distribution centers, manufacturing facilities, and numerous logistics employers. Continued population growth, expanding employment opportunities, and ongoing infrastructure investment continue to support strong occupancy, increasing rental demand, and long-term property appreciation throughout the area.

Each unit includes a refrigerator, gas range, range hood, gas water heater, and washer connections. Separate electric and gas meters allow tenants to pay their own utilities, helping reduce operating expenses while improving overall management efficiency. The property also provides perimeter fencing and dedicated parking with two parking spaces assigned to each unit.

This investment offers the unique combination of stable rental income and significant long-term land value. Investors benefit from immediate cash flow while also owning a sizeable land parcel with future redevelopment potential in one of the most active growth markets in Arizona. As available development sites continue to become increasingly limited, well-located multifamily properties with substantial land holdings are expected to remain highly desirable.

Whether you are seeking long-term cash flow, portfolio expansion, a 1031 Exchange investment, or future redevelopment opportunities, this rare portfolio provides multiple avenues for value creation and long-term appreciation.

Investment Highlights: Four Freestanding Buildings, Twelve Residential Rental Units, Portfolio Sale Only, Total Purchase Price of $2,980,000, Approximately $745,000 Per Building, Prime Phoenix Airport Location, Strong Rental Demand, Stable Income-Producing Asset, Future Redevelopment Potential, Excellent Opportunity for 1031 Exchange Investors.

Showings are by appointment only. Please do not disturb tenants or enter the property without prior authorization.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$331
Listed
Less than a day ago

Home Details for 2559 E Corona Ave

Interior Features

Interior Details
Basement
Heating & Cooling
Heating: Heat PumpHeating Fuel: Heat Pump
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile
Appliances & Utilities
Refrigerator

Exterior Features

Exterior Home Features
Roof: Built UpExterior: Stucco

Days on Market

Days on Market: <1 day on Trulia

Property Information

Year Built
Year Built: 1963Year Updated: 1979
Property Type / Style
Property Type: Multi Family

Price & Status

Price
Price Per Sqft: $331

Community

Units in Building: 3

Lot Information

Lot Area: 7343 sqft

Market trends in South Mountain

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$377K
$4.33KMoM
Sale-to-List Price
99.7%
Price per sq ft
$234
$0MoM
Available listings
360
3MoM

Price History for 2559 E Corona Ave

DatePriceEventSource
07/02/2026$745,000Listed For SaleN/A

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Property Tax and Assessment

Year2025
Tax$541
Assessment$326,200
Home facts updated by county records

Comparable Sales for 2559 E Corona Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2559 E BROADWAY Road, Phoenix, AZ
0.06
Multi-Family Home
$750,000
08/29/25
6
3
3,270
2555 E BROADWAY Road, Phoenix, AZ
0.06
Multi-Family Home
$750,000
10/31/25
6
3
3,270
2551 E BROADWAY Road #A, Phoenix, AZ
0.07
Multi-Family Home
$762,000
09/30/25
6
3
3,270
2704 E SOUTHGATE Avenue, Phoenix, AZ
0.30
Multi-Family Home
$580,000
01/22/26
6
4
2,400
2553 E PUEBLO Avenue, Phoenix, AZ
0.13
Multi-Family Home
$580,000
01/30/26
8
4
-
1946 E JONES Avenue, Phoenix, AZ
0.92
Multi-Family Home
$375,000
04/30/26
6
2
3,400
2208 E ALTA VISTA Road, Phoenix, AZ
1.26
Multi-Family Home
$540,000
05/08/26
7
4
2,066
6421 S 23RD Street, Phoenix, AZ
1.24
Multi-Family Home
$525,000
02/11/26
4
2
1,720
1344 E Pueblo Avenue, Phoenix, AZ
1.59
Multi-Family Home
$412,000
11/19/25
6
2
2,200
4429 S 8TH Street, Phoenix, AZ
2.18
Multi-Family Home
$345,000
08/26/25
7
4
2,346

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 2559 E Corona Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

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

What Locals Say about South Mountain

At least 811 Trulia users voted on each feature.

  • 83 % Say car is needed

  • 82 % Say there are sidewalks

  • 79 % Say parking is easy

  • 78 % Say yards are well-kept

  • 70 % Say it's dog friendly

  • 69 % Say there's holiday spirit

  • 62 % Say kids play outside

  • 59 % Say it's quiet

  • 54 % Say streets are well-lit

  • 54 % Say they plan to stay for at least 5 years

  • 50 % Say people would walk alone at night

  • 47 % Say it's walkable to grocery stores

  • 43 % Say neighbors are friendly

  • 42 % Say there's wildlife

  • 41 % Say it's walkable to restaurants

  • 25 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Rnewme87
    "Like having a designated dog park for my pooch Kiera to get out and have exercise and meet other dogs."
    2
    Flag
  • Sharon Poole
    "Crime rates school districts neighborhood activists and activities stores safety. Property qualities "
    1
    Flag
  • Trulia User
    "I live in the neighborhood throughout my childhood the neighbors are very friendly and always look out for each other"
    7
    Flag
  • Trulia User
    "The neighborhood is growing at a fast rate and now has many family distractions around parks recreations and other family fun places around. "
    0
    Flag
  • Trulia User
    "Most neighbors own dogs and it’s an easy way to socialize with neighbors. Our association provides small trash cans and bags scattered throughout the community so it’s easy to keep tidy and most people do. "
    0
    Flag
  • Trulia User
    "South Mountain has a bad reputation, but the 2 years that I've been here says otherwise. I love this neighborhood. "
    0
    Flag
  • Trulia User
    "congested, live right off Baseline and there is traffic a lot of the time. car accidents happen often."
    2
    Flag
  • Trulia User
    "plenty of shady off-sidewalk places for dogs. it's Phoenix so it is hot and the pavement and sidewalks do get very hot 🔥 "
    0
    Flag
  • Trulia User
    "I’ve always lived around South Mountain my whole life. My parent would always move around a lot here & there when I was little"
    10
    Flag
  • Trulia User
    "None that’s I will go too there none special at all I’m not at but church yes I enjoy the church I visit "
    0
    Flag
  • Trulia User
    "Super friendly people in a lovely quiet corner of the city - seems very suburban. Convenient to everything!"
    0
    Flag
  • Trulia User
    "majority of people have dogs able to walk them at park good clean areas lots of space to run in multiple parks"
    0
    Flag
  • Trulia User
    "There are good schools and great restaurants. Nice parks to go fishing and new communities, also big supermarkets"
    0
    Flag
  • Trulia User
    "Dogs are lose and alone sometimes is dangerous. It’s not pet friendly because big dogs can be just walking around alone "
    1
    Flag
  • Trulia User
    "Some people walking their dogs I feel safe and watched over neighbors. Would be nice to have more doggy parks"
    0
    Flag
  • Trulia User
    "is very family oriented and friendly neighborhood with a lot of different store in the area and public transportation"
    0
    Flag
  • Trulia User
    "We’re in a gated community, but the community is small and makes sidewalks hard to walk with dogs when other neighbors are out doing the same. "
    0
    Flag
  • Trulia User
    "It’s a nice area lived here my whole life.A lot of kids that like to play with mine. Good people that care for each other "
    5
    Flag
  • Trulia User
    "Lived here for over 8 years, Great neighborhood and very close to hiking trails, airport, and shopping "
    1
    Flag
  • Trulia User
    "It’s not safe after night falls you have homeless people lurking the streets and crack heads very dangerous "
    0
    Flag
  • Trulia User
    "Baseline has high traffic from the avenues to the I-10 but commute is 12 mins to airport diverse area with all ages"
    0
    Flag
  • Trulia User
    "Love the open walks by the canal and the friendly individuals. South mountain trails are very close and breathtaking. "
    0
    Flag
  • Singhsanjayk001
    "Awesome Friendly Close to downtown Inexpensive Freeways and neighborhood Great place to call home"
    8
    Flag
  • Hannah G.
    "Gated communities are kid friendly, but the surrounding areas are something to watch out for. The area is definitely up and coming though."
    10
    Flag
  • Alexis
    "I live in a nice friendly neighborhood where everyone communicates n knows each other everyone is either related or friends ."
    5
    Flag
  • U2hilary
    "Mountain View’s great! Friendly neighbors, quiet neighborhood. Close to so many things including the airport If you travel often. "
    18
    Flag
  • Andi S.
    "I drive everywhere. but it is just short jaunts. 5 min away from every freeway. this area is constantly improving and opening up more areas for vma variety of shopping. plus there's some open to the public farms near by. fresh eggs, milk and produce. "
    4
    Flag
  • Bukky R.
    "Beautiful views and proximity to downtown is superb. Most homes and shopping are new. People are friendly and down to earth. "
    4
    Flag
  • Sunny B.
    "Great schools, family friendly neighborhoods with lots of parks. Emergency room nearby. Sports complex for youth activities "
    0
    Flag
  • At_rice44
    "I’ve live in this neighborhood for 17 years and have enjoyed my neighbors. Being a home owner is the greatest reward "
    10
    Flag
  • Xavieralexzander
    "Good community for an adult family. Not very motivating for the advancing youth. Quiet noisy with cars and sirens but people are distant and friendly. And about every other house house pit bulls lol. "
    1
    Flag
  • E.S.
    "There’s a bus stop on the corner but I have a car. The light rail is extending to south Phoenix soon though."
    0
    Flag
  • Tammy L.
    "I can’t wait to get out of here! Crime has increased exponentially in the past 5 years! Gun shots heard nightly & every weekend there at least one helicopter flying in circles with spot light. Not to mention, the HOA doesn’t keep anything up- even the neighborhood park is trashed!"
    27
    Flag
  • Marydesamais42
    "We typically do not have community events. I’ve lived here for over 18 years and I never went to a community event "
    0
    Flag
  • Martinezkevin92
    "It’s a peaceful area. A lot of misconception regarding “south side” I love it here, I love the mountains"
    8
    Flag
  • Nestor M.
    "Nothing. This a poor weak neighborhood. Everyone here either keeps to themselves or are very loud. If you want fun just go downtown."
    2
    Flag
  • Whtaylor
    "All of the neighborhood cats!!! It’s like a convention...oh and they regularly use my yard as their personal litter box,"
    13
    Flag
  • Shywanda B.
    "The main streets would be less congested, if there were three lanes. And no, pet owners do not curb their dogs."
    0
    Flag
  • Barbaraascencio
    "We have events at El Prado park and Cesar Chavez Park that make the area special as well as yard sales and other events."
    4
    Flag
  • Jose A. S.
    "public pools, close convenient stores, good schools, but alot of pedifiles, but neighbors mind there own business "
    0
    Flag

LGBTQ Local Legal Protections

This property is for sale by owner and Zillow, Inc. is displaying it at the owner’s request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
2559 E Corona Ave, Phoenix, AZ 85040 is a 6 bedroom, 3 bathroom, 2,250 sqft multi-family built in 1963. 2559 E Corona Ave is located in South Mountain, Phoenix. This property is currently available for sale and was listed on Jul 2, 2026.