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Image 1 - 5262 North 16th Lane, Phoenix, AZ 85015, USA - House for sale
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Home For Sale In Phoenix, Arizona
5262 North 16th Lane, Phoenix, AZ 85015, USA

Home For Sale In Phoenix, Arizona

house for sale
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Listed: 02/29/24

5262 North 16th Lane, Phoenix, AZ 85015, USA

Studio Bed:
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Price
$ 1,28M

About This House

Passive income producing property available in opportunity zone. Washer and dryer hookups available in each unit. Value add opportunity by increasing rents and updating house on property. Rents are substantially below current market value. New zoning ordinances adopted by City of Phoenix council for higher density. Surrounding properties have city pre approval for new development. Please do due diligence and consult with land use attorney

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Phoenix Housing & Living

Average sale prices for houses

2 bed
3 bed
4+ bed
Show as List Show as Graph
In April 2024, the asking price for 2 bed houses for sale in/near Phoenix, United States averaged $389,699, a decrease of 1.8% from the previous month.
Median price trends for properties for sale in Phoenix, United States as of April 2024.

Household Income

Median household income: $57,957
Number of households: 574,645
The average household income in Phoenix, AZ grew from $56,696 to $57,957 in the past year. This data is an estimate based upon 574,645 households in Phoenix, AZ.
The chart below presents how household income is distributed in Phoenix, AZ in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Phoenix, AZ compared to median property taxes around the country. The prevalent amount of property taxes in Phoenix, AZ equals $800-$1,500 , which is more than the national average.