9648 N 12TH Avenue, Phoenix, AZ 85021, Phoenix AZ 85021
Mountain View 8 Units consists of six one-bedroom/one-bathroom units and two studio units, offering investors a strong cash-flowing multifamily opportunity in North Central Phoenix. Built in 1987, the property features two-story wood-frame construction with a flat roof. Recent capital improvements include new mini-split HVAC systems in all units and various interior upgrades. The property is 100% occupied and generates $8,325 per month ($99,900 annually) in gross rental income. Investors can benefit from immediate cash flow with additional upside through light cosmetic improvements and rental
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Phoenix
This property is grouped with the current five-or-more-bedroom homes in Phoenix. Its asking price falls near the 53rd percentile of that active group. The comparison uses 698 active or publicly marketable listings from the same local MLS source, filtered to the same bedroom group rather than mixing every home size together.
The property has been tracked for 0 days, while the current cohort averages 0 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $314,950, and the median is $255 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 1115 W Ironwood Drive, Phoenix, AZ 85021 | Apr 30, 2026 | 3 bd · 1,140 sqft | $275,000 | 0.1 mi |
| 1226 W PURDUE Avenue, Phoenix, AZ 85021 | May 5, 2026 | 6 bd · 2,281 sqft | $299,900 | 0.1 mi |
| 1226 W Purdue Avenue, Phoenix, AZ 85021 | May 5, 2026 | 7 bd | $299,900 | 0.1 mi |
| 9643 N 10TH Avenue, Phoenix, AZ 85021 | Jul 7, 2026 | 6 bd | $590,000 | 0.1 mi |
| 1217 W BROWN Street, Phoenix, AZ 85021 | May 18, 2026 | 3 bd · 988 sqft | $265,000 | 0.2 mi |
| 9845 N 15TH Avenue, Phoenix, AZ 85021 | Oct 1, 2026 | 3 bd · 1,386 sqft | $395,000 | 0.2 mi |
| 1405 W BROWN Street, Phoenix, AZ 85021 | Jun 10, 2026 | 4 bd · 1,500 sqft | $330,000 | 0.2 mi |
| 1306 W BROWN Street, Phoenix, AZ 85021 | Aug 19, 2026 | 3 bd · 1,020 sqft | $337,500 | 0.2 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $899,000 · Active
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