340 N 12TH Street, Phoenix, AZ 85006

$415,000
Property Type: Multiple Dwellings Status: Active
Current Price: $415,000 Last Modified: 11/09/2025

Description

Don't miss this rare chance to own a corner lot duplex just minutes from Downtown Phoenix! This unique property features two separate homes on one lot — a 3 bed, 2 bath main house 1,121 sq ft plus a 1 bed, 1 bath back house 468 sq ft — ideal for house hacking, multigenerational living, or maximizing rental income. Both homes offer a fantastic value-add opportunity for investors or savvy homeowners. Live in one unit and rent the other, or capitalize on the booming demand for rentals in this vibrant, walkable neighborhood. Located in the Garfield Historic District, one of Phoenix's most sought-after & fast-growing areas, known for its vintage charm, artistic vibe, and community feel. Enjoy easy access to ASU Downtown Campus, University of Arizona College of Medicine,

Supplements: Roosevelt Row Arts District, and top-rated schools. Walk or bike to popular local coffee shops, boutique restaurants, music venues, and First Friday Art Walks. The corner lot provides additional privacy, street presence, and potential future development options. Zoned R-5 for high-density residential, giving flexibility for expansion (buyer to verify). Whether you're a buy-and-hold investor, short-term rental operator, or a homebuyer looking to offset your mortgage, this property is a must-see. Minutes to:  Downtown Phoenix  Chase Field & Footprint Center  Phoenix Convention Center  Freeways (I-10, I-17)  Light rail  Museums, nightlife, restaurants and more

More Information MLS# 6935213

Contract Info

Current Price: $415,000 List Price: $415,000 Status: Active List Date: 2025-10-17 Ownership: Fee Simple

Location Tax Legal

House Number: 340 Compass: N Street Name: 12TH St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85006 Zip4: 4132 County Code: Maricopa Subdivision: VAN BUREN PLACE Assessor Number: 116-25-098-A Tax Year: 2024

General Property Description

Lot Size Dimensions: 6759 Year Built: 1916 Uncvrd Parking Spcs: 1 Total # of Units: 2 # of Buildings: 2 Zoning: RES 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: 12TH ST/VAN BUREN Directions: From Van Buren, head N. on 12th St, house is on the corner of 12 St. and Polk. Guest house is on Polk St. and has 1161 on the surrounding wooden fence. Geo Lat: 33.45275 Geo Lon: -112.05628

Legal Info

Township: 1N Range: 3E Section: 4 Lot Number: 19

Income Expenses

Gross Annual Sch Inc: 36000 Net Operating Income: 25900

Showing Notification Methods

Showing Service: Aligned Showings

1 Bedroom Units

# 1 Bedroom Units: 1 Avg Rent: 1000 Avg SqFt: 468 # Baths: 1

3 Bedrooms Units

# 3 Bedroom Units: 1 Avg Rent: 1850 Avg SqFt: 1121 # Baths: 2

Property Features

Project Type: Duplex Construction: Wood Frame Const - Finish: Stucco Roofing: Composition Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced Interior Features: Unfurnished; Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; W/D Hookup Cooling: Electric; Window/Wall Unit; Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: On Street; RV Access/Parking; Free; Other Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Trash Collection Source of Fincl Data: Owner Showing Notification Methods: Text Lockbox Type: Supra Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; Conventional Environmental: None
Listing Office: West USA Realty
Last Updated: November - 09 - 2025
340 N 12TH Street, Phoenix, AZ 85006- MLS# 6935213
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