1305 E MADISON Street, Phoenix, AZ 85034 (MLS# 6948798)

1305 E MADISON Street, Phoenix, AZ 85034

$1,525,000

Property Type: Multiple Dwellings Status: Active

Current Price: $1,525,000 Last Modified: 3/18/2026

Overview

Description

Brand new construction. All units are 2 bedroom 2 bath/ High end finishes throughout. This is a perfect turnkey property that is the first in a growing area with gentrification happening. Upside investment. The property is near the light rail into downtown, Bank One Ballpark, Roosevelt Row, and light rail to the airport. IECC efficient appliances and A/C

Listing Details MLS# 6948798

Location, Tax & Legal

House Number: 1305
Compass: E
Street Name: MADISON
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85034
Zip4: 2320
County Code: Maricopa
Subdivision: COLLINS ADDITION PHOENIX BLOCKS 31-34 39-40
Assessor Number: 116-49-029
Tax Year: 2024
Assessor's Map #: 49
Legal Description (Abbrev): COLLINS
Assessor's Parcel #: 29
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114000
Taxes: 1220
Legal: COLLINS
Marketing Name: Collins

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 7000 sq feet
Year Built: 2025
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 2
Zoning: R-3
Flood Zone: No
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Garfield School
Jr. High School: Garfield School
High School: North High School

Remarks Misc

Cross Street: Madison and 13th St.
Directions: Take Jefferson to 13th St. Go south on 13th St. Turn Left on Madison Property is second lot on the right

Legal Info

Township: 1N
Range: 3E
Section: 9
Lot Number: 11

Income Expenses

Gross Annual Sch Inc: 88800
Net Operating Income: 82280

More Information

Showing Notification Methods

Showing Service: Aligned Showings

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1900
Avg SqFt: 941
# Baths: 2

Project Type

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes
Stone: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Ins Exp: 2000
Annual Landscape Exp: 1500
Annual Trash Exp: 300
Annual Wtr/Swr Exp: 1500
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 6520
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 88800

Pmt & Rate Info

Cap Rate: 5.4
Equity: 1525000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Combo: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Free-Standing Electric Oven: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes
See Remarks: Yes

New Financing

Cash: Yes
Conventional: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Other (See Remarks): Yes

Environmental

Other (See Remarks): Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco; Stone Roofing: Composition Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Electric Oven; Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Cooling: Ceiling Fan(s); Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Free Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection; Landscaping; See Remarks Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Lockbox Type: Combo Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Environmental: Other (See Remarks)

Listing Office: Realty ONE Group

Last Updated: March - 18 - 2026

1305 E MADISON Street, Phoenix, AZ 85034 (MLS# 6948798)