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1702 W Shangri La Rd
Multi-Family
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$480,000

1702 W Shangri La Rd, Phoenix

60% below median
6 bd·3 ba·0 sqft
Built 2002North Mountain

1702 W Shangri La Rd, Phoenix, AZ

6 bd · 3 ba · 0 sqft Multi-Family listed at $480,000, built in 2002 in the North Mountain neighborhood.

About this home

Great triplex investment with mountain views! This value offers three separate units, each approximately 700 sq ft. Unit #1 is tenant-occupied, generating $1,110 in monthly rent, while Units #2 and #3 are vacant and ready for immediate occupancy. Each unit features an eat-in kitchen, a living room, tile flooring throughout high-traffic areas, two bedrooms with walk-in closets, and a full bathroom. Residents enjoy access to the large backyard, plus two assigned parking spaces per unit. The location has a bus stop right on the corner, nearby restaurants, shops, North Mountain & Shaw Butte Preserves, Peoria Ave, Winifred Green Park, and easy access to the I-17 fwy. Great multi-family investment, or multi-generational living, or house hacking!

Property details

Price
$480,000
Bedrooms
6
Bathrooms
3
Year built
2002
Type
Multi-Family
Days on market
64
Est. property tax
$2,976/yr · $248/mo · 0.62% AZ avg
Last sold
$160,800 · Sep 2015

Estimated monthly payment

Down payment20% ($96,000)
Interest rate6.75%
Principal & Interest$2,491
Property Tax$440
Insurance$150
Total$3,081/mo

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Price history

$528K$240K$-47K$41K on Aug 87 (Sold)$170K on Jul 15 (Initial list)$170K on Sep 15 (Price change)$161K on Sep 15 (Sold)$1K on Feb 26 (Price change)$480K on Feb 26 (Initial list)$1K on Mar 26 (Price change)$1K on Mar 26 (Price change)$1K on Mar 26 (Price change)
$41K · Aug 87$1K · Mar 26
  1. Mar 28, 2026$995Price change
  2. Mar 28, 2026$995Price change
  3. Mar 24, 2026$995Price change
  4. Feb 21, 2026$480,000Initial list price
  5. Feb 19, 2026$995Price change
  6. Sep 30, 2015$160,800Sold
  7. Sep 1, 2015$169,900Price change
  8. Jul 1, 2015$169,900Initial list price
  9. Aug 26, 1987$40,500Sold

Location

This home is located in Phoenix, AZ, in the Phoenix / Scottsdale area. Browse more Phoenix listings on the Phoenix market page or explore the full Phoenix market report.

Location

Map of 1702 W Shangri La Rd, Phoenix
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Home Intelligence

Neighborhood (zip 85029)

Median age is 35.2; 16% hold a bachelor's degree; 55% of homes are owner-occupied; median household income is $57,802.

Median income
$57,802
Median age
35.2
Owner-occupied
55.2%
Bachelor's degree
15.9%
Census median home value
$269,900

Source: US Census Bureau American Community Survey 5-year estimates.

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