822 E CAROL Avenue, Phoenix, AZ 85020
Property image
Property image
FOR SALE
3D VIEW

$749,000

Original price: $795,000
  • 5 Beds
  • 4 Baths

822 E CAROL Avenue, Phoenix, AZ 85020

North Mountain
Est. Mortgage $4,334/mo*
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Home Highlights

Multi-Family
Built in 1977
6 Open Spaces

Local Information

  • Map ViewExplore the area around 822 E CAROL Avenue.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Fully occupied fourplex at the end of a cul-de-sac in East Sunnyslope, offered at $749,000. Three 1BR units
and one 2BR unit feature slump-block construction, ceramic-tile interiors and private fenced patios or yards.
A new asphalt-shingle roof with a reported transferable warranty and low-maintenance landscaping support
ownership. Current OM underwriting shows $33,573 normalized NOI and a 4.48% cap rate; the market-rent
pro forma shows $45,727 NOI and 6.11%. Convenient access to SR-51 and Central Phoenix employment,
healthcare, shopping and recreation. No seller financing. Do not disturb tenants. Buyer to verify rents,
expenses, condition, warranty and all information. 822 E Carol Avenue is a four-unit property in East Sunnyslope with three one-bedroom residences and one
two-bedroom residence. All four are reported occupied. The approximately 1,776-SF building occupies an
approximately 6,970-SF site. Features include slump-block construction, ceramic-tile interiors, private fenced
patios or yards, low-maintenance desert landscaping and a new asphalt-shingle roof with a reported
transferable warranty.
The current OM uses its July 2026 rent schedule: $3,565 monthly base rent plus $225 monthly utility
reimbursements, totaling $3,790. Annual base rent is $42,780 and reimbursements are $2,700, producing
$45,480 gross potential income. A 3% economic vacancy allowance produces approximately $44,116
effective gross income, despite reported 100% physical occupancy.
Normalized current expenses total $10,543: taxes $766, insurance $1,748, management $3,529, repairs
$1,200, water/sewer/trash $2,300, landscaping $400 and other expenses $600. Current normalized NOI is
$33,573, a 4.48% cap rate at the $749,000 asking price. These are underwriting assumptions and should be
reconciled with current leases, collections and invoices.
The illustrative market-rent case assumes $1,100 monthly for each one-bedroom unit and $1,400 for the
two-bedroom unit. Reimbursements remain $2,700 annually; economic vacancy remains 3%; management
remains 8% of effective gross income. Pro forma effective gross income is $57,327, expenses are $11,600
and NOI is $45,727, producing a 6.11% cap rate. Future rent changes are subject to existing leases and
market conditions.
The location offers access to SR-51, Central Phoenix employment, healthcare, retail and mountain recreation.
Seller financing is not available. Please do not disturb tenants. Complete tenant leases are provided only
after the property is under contract to protect tenant privacy.
Disclaimer: Information is believed reliable but is not guaranteed. Buyer must independently verify all facts,
figures, income, expenses, leases, occupancy, measurements, condition, zoning and permitted uses. Pro
forma rents, returns and financing illustrations are estimates, not guarantees. Offering is subject to errors,
omissions, prior sale, changes in price or terms and withdrawal without notice.
Last check for updates: about 2 hours ago
Listing courtesy of Linda S Gerchick, (602) 688-9279
Gerchick Real Estate
Source: ARMLS, MLS#6952059
Also Listed on ARMLS.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Home Details for 822 E CAROL Avenue

Interior Features

Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 4
Appliances & Utilities
Appliances: Free-Standing Range, RefrigeratorRefrigerator
Heating & Cooling
Heating: Heat PumpHas CoolingAir Conditioning: Ceiling Fan(s),Heat PumpHas HeatingHeating Fuel: Heat Pump
Gas & Electric
Electric: APS, Individual MeterHas Electric on Property
Windows, Doors, Floors & Walls
Flooring: Carpet, Ceramic Tile, Vinyl
Levels, Entrance, & Accessibility
Floors: Carpet, Ceramic Tile, Vinyl

Exterior Features

Exterior Home Features
Roof: Composition See RemarksExterior: Sidewalk(s)
Parking & Garage
Open Parking Spaces: 6No CarportNo GarageHas Open ParkingParking Spaces: 6Parking: Paved,Free,1 Space/Unit,On Street
Frontage
Road Surface Type: AsphaltNot on Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 292Days on Market: 180+

Property Information

Year Built
Year Built: 1977
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Painted, Block, Slump Block
Property Information
Parcel Number: 15937078

Price & Status

Price
List Price: $749,000

Active Status

MLS Status: Active

Media

Location

Direction & Address
City: Phoenix
School Information
High School District: Glendale Union High School District

Agent Information

Listing Agent
Listing ID: 6952059

Community

Community Features: No Pool

Offer

Listing Terms: No Carry, Conventional, FHA, VA Loan

Business

Business Information
Ownership: Fee Simple

Rental Terms, Policies & Fees

Owner Pays: Trash Collection, Water, Sewer, Landscaping

Miscellaneous

Mls Number: 6952059

Additional Information

No Pool

Around this home

Neighborhood Overview

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

What Locals Say about North Mountain

At least 1127 Trulia users voted on each feature.

  • 86 % Say there are sidewalks

  • 83 % Say it's dog friendly

  • 83 % Say car is needed

  • 77 % Say parking is easy

  • 67 % Say there's holiday spirit

  • 66 % Say yards are well-kept

  • 59 % Say kids play outside

  • 58 % Say it's quiet

  • 58 % Say streets are well-lit

  • 53 % Say it's walkable to restaurants

  • 50 % Say it's walkable to grocery stores

  • 49 % Say people would walk alone at night

  • 47 % Say they plan to stay for at least 5 years

  • 42 % Say neighbors are friendly

  • 35 % Say there's wildlife

  • 21 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Christopher Geber
    "It’s a good neighborhood with schools very close. You can hear the footballs games at Cortez High School. Traffic is lower in the area and tends to be a little more quit than the rest of Phoenix. "
    2
    Flag
  • Angelicarenteria3
    "There is a lot of kids in the neighborhood and everyone stays to themselves around here no problems "
    0
    Flag
  • J J
    "Holiday lights are amazing in the Moon Valley community. It is fun and competitive as the community decorates for the holidays. Fourth of July fireworks are a great site to see too."
    0
    Flag
  • Kerry G.
    "There aren’t many dog parks I’d want to take my dogs to. There is a park surrounding North Mountain. "
    7
    Flag
  • Shawnda P.
    "It's home and it's what I expected and I'm still here thank u Metro phoenix.. y'all been great and keep up the great business "
    13
    Flag
  • Trulia User
    "The mountain view is absolutely beautiful. There's trails to go hiking on. There's also a police station nearby. "
    1
    Flag
  • Laura R.
    "Apartment style living , close to everything, clean, there's a gym, pool, dog park, mini playground, laundry room. Very quaint"
    7
    Flag
  • Trulia User
    "It's an amazing neighborhood, very quiet and everyone minds their own business. It is so so so great here"
    1
    Flag
  • Trulia User
    "dog owners don't pick up after there dogs, dog poop everywhere it's disgusting. you can't walk down the street without seeing hundreds of piles of dog poop, "
    1
    Flag
  • Trulia User
    "has gone down him in the last few years... many homeless now sitting on every street and drug users... not a good place"
    4
    Flag
  • Trulia User
    "I wouldn’t like to see dog owners leaving their dogs unattended. It’s best to take care of the dogs messes and needs."
    0
    Flag
  • Trulia User
    "Super easy access to the 51–it’s the best freeway. The traffic in north mountain feels way lighter than any other place in central Phoenix. "
    1
    Flag
  • Trulia User
    "I use city transportation to commute to and from work. I love the north mountain community and know the area very well. I feel the area is great for family. The People in the community are very friendly. I have looked forward to making north mountain my home "
    0
    Flag
  • Trulia User
    "I drive, so I have no issues. public transportation is accessible. traffic is not to bad, depending on the time of day. "
    0
    Flag
  • Trulia User
    "This is about 20 minutes from downtown and central phoenix. There are a lot of loud cars here. People speed excessively."
    2
    Flag
  • Trulia User
    "lots of shopping n restaurants near by parks close too nice people lots of hiking usually affordable housing can be expensive but depends on where you live lots of grocery stores too"
    10
    Flag
  • Trulia User
    "i never had a problem here I usually leave my gate open during the day and so far so good lol I love the park near by and there is all ways cops around "
    1
    Flag
  • Trulia User
    "there are no community events but it would be great if there were. I have seen alley clean ups on nextdoor app. "
    0
    Flag
  • Trulia User
    "They would love it. There are side walks, parks, dog friendly restaurants and shopping areas. Drive thru restaurants give dog treats! "
    0
    Flag
  • Trulia User
    "I’ve loved here for 5 years because it’s the only neighborhood that is affordable. The only downside is that there is a lot of drug users"
    3
    Flag
  • Trulia User
    "drivers don't pay attention to speed in the neighborhood streets. it's very frustrating. there needs to be more stop signs or speed humps on the side streets. "
    0
    Flag
  • Trulia User
    "Neighbors hate loud dogs, mean looking dogs and complain about every little thing about your animals"
    0
    Flag
  • Trulia User
    "They had movies at the park recently. That’s about all they’ve done for neighborhood stuff. Some homeless I. The park, sleeping on kiss’s okay strictures and pooping on the ground "
    1
    Flag
  • Trulia User
    "Not a great area to raise kids, despite the local schools being awesome. Lots of violence, lots of shootings, gang activity and homeless people. "
    0
    Flag
  • Trulia User
    "I've lived here for 12 years. my kids have gone to school here from kindergarten to high school. My neighbors are friendly "
    2
    Flag
  • Trulia User
    "it's centrally located and it's not horrible for crime. most of the people around here are friendly people. there are a few who might make one question. "
    0
    Flag
  • Trulia User
    "A lot of dogs here are aggressive due to lack of training, and owners rarely pick up after their dogs. There are a few dog parks in the area, that is a plus. "
    0
    Flag
  • Trulia User
    "yes many people walk their dogs because we have a dog friendly park near by. most of the dogs are well mannered and the owners are pet responsible. a dog owner would appreciate other dog owners acceptance of dog responsibility."
    0
    Flag
  • Trulia User
    "People running their dogs off leash in common community areas and parks may be something dog owners like or not like"
    0
    Flag
  • Trulia User
    "I don’t commute as I am work from home. Oddly quiet area. A lot of jay walkers. The area is relatively safe. There a hospital near by so you can hear the helicopter every so often"
    0
    Flag
  • Trulia User
    "we keep an eye on each other's place and the people will wave hello and say hi to you. there are people who walk here after dark without any trouble. "
    0
    Flag
  • Trulia User
    "the gang violence makes it fun to play guess the sounds. Was it fireworks, gunshots, or backfiring cars?"
    2
    Flag
  • Trulia User
    "since I have moved here there have been more events, and I've been here for at least 3 yrs............................. "
    1
    Flag
  • Trulia User
    "It is the most dangerous neighborhood I have ever lived in. I am moving as soon as possible. Make sure to check the safety rating before you move, and go check out the area you want to move to late at night to see it at it's worst."
    0
    Flag
  • Flosimcoe
    "Near the mountain; quiet neighborhood, has every amenity required, people look out for each other, many yard sales, friendly neighbors, Christmas decorations, "
    7
    Flag
  • Ghadeer J.
    "Don’t have any in our neighborhood, but people have their own parties and own lives and on the 4th we go on streets light fireworks and watch each other and talk to each other from time to time "
    8
    Flag
  • Trulia User
    "Not too many events i know of but definitely a great safe place to live! great parks. wonderful place to raise. family."
    1
    Flag
  • Tavenatti
    "It’s rough after dark I don’t recommend for families with small children or single women. If ur a male or have dogs or multiple roommates you can find nice places , but there’s is plenty of crime and homeless people around here "
    12
    Flag
  • Thomas A.
    "There are too many people on drugs here and especially people on meth. A lot of break ins. Child molesters "
    8
    Flag
  • Thais T.
    "A lot of homeless. A huge choice for food. Ross, dd discount aroudn the corner. Near 1-17 freeway. North Peoria Av. side, only houses, South Peoria Av. only apartments "
    3
    Flag

Market trends in North Mountain

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$368K
$2.5KMoM
Sale-to-List Price
99.2%
0.2%MoM
Price per sq ft
$246
$3MoM
Available listings
561
1MoM

Home Value

Trulia Estimate
$729K
Since last month
Increased$21K (+3%)
Since last year
Increased$283K (+63.5%)
Since last sale
Increased$579K (+385.9%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +424% in the last 10 years
MonthEstimated value
2026
September 2026$729K
August 2026$708K
July 2026$711K
June 2026$712K
May 2026$756K
April 2026$757K
March 2026$759K
February 2026$802K
January 2026$925K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
733 E HATCHER Road, Phoenix, AZ
0.13
Multi-Family Home
$650,000
11/03/25
5
5
2,707
315 E Carol Avenue, Phoenix, AZ
0.37
Multi-Family Home
$517,000
05/12/26
5
3
1,760
1215 E MISSION Lane, Phoenix, AZ
0.41
Multi-Family Home
$550,000
09/02/26
6
3
3,600
321 E CAROL Avenue, Phoenix, AZ
0.36
Multi-Family Home
$675,000
12/22/25
9
5
4,700
9838 N 14TH Street, Phoenix, AZ
0.60
Multi-Family Home
$435,000
10/30/25
5
3
2,140
338 E VOGEL Avenue, Phoenix, AZ
0.34
Multi-Family Home
$1,150,000
02/09/26
3
3
3,628
1413 E CHERYL Drive, Phoenix, AZ
0.72
Multi-Family Home
$450,000
07/08/26
5
3
2,200
833 E ALICE Avenue, Phoenix, AZ
0.60
Multi-Family Home
$449,900
04/30/26
4
2
1,478
837 E ALICE Avenue, Phoenix, AZ
0.60
Multi-Family Home
$450,000
03/20/26
4
2
1,478
20 W SUNNYSLOPE Lane, Phoenix, AZ
0.74
Multi-Family Home
$600,000
10/03/25
4
4
2,192

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
740 E VOGEL Avenue, Phoenix, AZ 85020
0.09
$305,500
2
1
900
Off Market
738 E VOGEL Avenue, Phoenix, AZ 85020
0.10
$224,000
1
1
672
Off Market
741 E CAROL Avenue, Phoenix, AZ 85020
0.08
$317,200
2
2
1,128
Off Market
720 E CAROL Avenue, Phoenix, AZ 85020
0.11
$355,000
3
2
1,040
Recently Sold
721 E CAROL Avenue, Phoenix, AZ 85020
0.13
$735,000
6
4
3,716
For Sale
733 E HATCHER Road, Phoenix, AZ 85020
0.13
-
5
5
2,707
Off Market
806 E MOUNTAIN VIEW Road, Phoenix, AZ 85020
0.19
$350,000
2
2
864
For Sale
732 E Mountain View Road #10, Phoenix, AZ 85020
0.21
-
-
-
-
Off Market
747 E SUNNYSLOPE Lane, Phoenix, AZ 85020
0.15
$281,900
2
2
1,079
Off Market
9237 N 10TH Street #21, Phoenix, AZ 85020
0.16
-
-
-
-
Off Market
9222 N 10TH Street, Phoenix, AZ 85020
0.17
$297,200
2
1
924
Off Market

Price and Tax history

DateEventPrice
Jun 24, 2026
Source: ARMLS #6952059
PriceChange
$749,000
Price decreased by 6%
Mar 19, 2026
Source: ARMLS #6952059
PriceChange
$795,000
Price decreased by 6%
Feb 13, 2026
Source: ARMLS #6952059
PriceChange
$845,000
Price decreased by 6%
Jan 30, 2026
Source: ARMLS #6952059
PriceChange
$895,000
Price increased by 74,795%
Jan 1, 2026
Source: Zillow Rentals
ListingRemoved
$1,195

LGBTQ Local Legal Protections

Linda S Gerchick, Gerchick Real Estate
Agent Phone: (602) 688-9279

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Frequently asked questions about 822 E CAROL Avenue

  • What is the estimated monthly payment for 822 E CAROL Avenue?
    Based on a $749,000 list price with 20% down at today's rates, the estimated monthly payment for 822 E CAROL Avenue in Phoenix, AZ is approximately $4,411 (about $4,080 principal & interest, $256 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 822 E CAROL Avenue compare to homes in Phoenix?
    822 E CAROL Avenue in Phoenix, AZ is listed at $749,000, about 103% above the $368K median sale price in Phoenix.
  • What do residents say about the North Mountain neighborhood?
    Residents describe the North Mountain neighborhood in Phoenix, AZ as pedestrian-friendly, dog-friendly, and easy to park in. See homes for sale in North Mountain, Phoenix.
  • What are the closest schools to 822 E CAROL Avenue?
    The closest schools to 822 E CAROL Avenue in Phoenix, AZ are Sunnyslope Elementary School (Middle, rated 4/10), Sunnyslope High School (rated 9/10).
  • Does 822 E CAROL Avenue have air conditioning?
    Yes, 822 E CAROL Avenue in Phoenix, AZ has air conditioning.
  • Does 822 E CAROL Avenue have parking?
    Yes, 822 E CAROL Avenue in Phoenix, AZ has on-site parking.
822 E CAROL Avenue, Phoenix, AZ 85020 is a 5 bedroom, 4 bathroom multi-family built in 1977. 822 E CAROL Avenue is located in North Mountain, Phoenix. This property is currently available for sale and was listed by ARMLS on Nov 27, 2025. The MLS # for this home is MLS# 6952059.