ParkingPaved Parking, Fee, Assigned, Auto Door Opener, Street Parking
Year Built1948
HeatingCentral, Electric
CoolingCentral Air, Electric
MLS #6754543
StatusActive
About 338 E Portland St
This fully remodeled, 9-unit multi-family property is situated in the heart of the Roosevelt Arts District, offering immediate rental income while you plan a redevelopment project with high ROI potential. Zoned DTC-E-EV, this prime lot allows for up to 98 residential units or a mix of retail and boutique hotel space, with building heights up to 250 feet. Located in one of Phoenix's fastest-growing areas, close to public transit, dining, and entertainment, this property is perfect for investors looking to capitalize on the city's rapid development. Don't miss out on this rare opportunity to maximize your returns!
Property Details
Property Features
Property Information:
Year Built: 1948
Listing Office:
Office Name: HomeSmart
Office Phone: (602) 230-7600
Listing Agent: Thomas Chung, Ada Yap Chan
Interior Features
Interior Information:
Flooring Type: Wood, Concrete
Exterior Features
Parking Information:
Parking: Paved Parking, Fee, Assigned, Auto Door Opener, Street Parking
Utilities
Utilities Information:
Heating: Central, Electric
Cooling: Central Air, Electric
Price Information
Listing Price Info
Price Summary:
List Price: $3,380,000
Tax Information:
Annual Amount: $2,049
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Phoenix, AZ.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$16.9K
Per Month
Principal & Interest
$16.8K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$10.2K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Asu Preparatory Academy- Phoenix Elementary School
735 E Fillmore St
Distance between this listing and this school0.50 miles
Public Charter Grades KG-4
8
/10
Vista College Preparatory
812 S 6th Ave
Distance between this listing and this school1.65 miles
Public Charter Grades KG-5
7
/10
Basis Phoenix Central Primary School
201 E Indianola Ave
Distance between this listing and this school2.20 miles
Public Charter Grades KG-5
Nearby Schools
3
/10
Asu Preparatory Academy - Phoenix Middle School
735 E Fillmore St
Distance between this listing and this school0.50 miles
Public Charter Grades 5-8
2
/10
Emerson School
915 E Palm Ln
Distance between this listing and this school0.68 miles
Public District Grades KG-8
4
/10
Kenilworth School
1210 N 5th Ave
Distance between this listing and this school0.77 miles
Public District Grades PK-8
Nearby Schools
10
/10
Phoenix Union Bioscience High School
512 E Pierce St
Distance between this listing and this school0.28 miles
Public District Grades 9-12
9
/10
Arizona School for the Arts
1410 N 3rd St
Distance between this listing and this school0.31 miles
Public Charter Grades 5-12
2
/10
Genesis Academy
525 E McDowell Rd
Distance between this listing and this school0.36 miles
The neighbors living near this home have an average income of $37,225. Most Phoenix, AZ residents have annual incomes less than $35k. Typical family type is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 338 E Portland St
What is the listing price of this property?
The listing price of 338 E Portland St property is $3,380,000.
What type of property is this?
The property 338 E Portland St is a house located in Phoenix, Arizona, 85004.
Is this property for sale now?
Active Listing: 338 E Portland St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $2,049 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 27, 2012 for $380,641. (source: MLS/tax record).
Which year was this property built?
The year of construction for 338 E Portland St is 1948.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 338 E Portland St in Phoenix, AZ and zip code 85004 in the East Evergreen neighborhood. This home was built in 1948. It has been listed on Rocket Homes since September 09, 2024 and is currently priced at $3,380,000.
While more than 250 listings in Phoenix, AZ in October 2024 were sold above asking price, there were more than 344 listings sold at asking price, and more than 697 were sold below. In October 2024 in Phoenix, AZ there were 7.5% more homes for sale than in September 2024. In October 2024, listings were on the market for 62 days. During the same period, the median list price in this real estate market was $450,977.
From Rocket Homes Real Estate and based on county public records data.