MLS# 6984600 – 1950 E Yale Street, Phoenix, AZ 85006

Price: $815,000
Units: 3
Status: Active
Year Built: 1961
Days on Website: 203

Courtesy of Barrett Real Estate

Property Description

Excellent investment opportunity in the heart of Phoenix! This centrally located triplex offers strong rental appeal and immediate income potential, as all units are currently fully leased. The property features two units with 2 bedrooms and 1 bathroom, plus a spacious third unit offering 3 bedrooms and 2 bathrooms — ideal for attracting a variety of tenants. Each unit has been thoughtfully updated with modern finishes, including wood-look flooring, neutral color palettes, recessed lighting, and stylish kitchens complete with white shaker cabinetry, quartz countertops, stainless steel appliances, and tile backsplash. Residents enjoy private covered patios, front turf areas, and the convenience of in-unit washer and dryer — features that enhance tenant satisfaction and retention. Situated near major freeways, downtown Phoenix, Chase Field, ASU, Phoenix Children’s Hospital, shopping, dining, and public transportation, this property offers both convenience and long-term desirability. Easy to manage and located in a high-demand rental corridor, this is an ideal addition to any investment portfolio. Don’t miss this opportunity to own a well-maintained multi-family property in a prime central location!

Open House

Property Details and Features

  • Property Access
  • Road Surface: Asphalt
  • Appliances & Equipment
  • Disposal
  • Dishwasher
  • Refrigerator
  • Microwave
  • Washer/Dryer
  • Bathrooms
  • 4 total bathrooms
  • Bedrooms
  • 10 total bedrooms
  • Building
  • Built in 1961
  • 1 building
  • Construction Materials: Painted, Block
  • Community
  • No Pool
  • Cooling
  • Ceiling Fan(s)
  • Electric
  • Disclosures
  • Seller Prop Disc Stm
  • Expenses
  • Operating: $1,247
  • Floors
  • Ceramic Tile
  • Heating
  • Electric
  • Income
  • Gross Income: $62,520
  • Gross ScheduledIncome: $62,520
  • Net Operating Income: $61,273
  • Listing
  • Listing ID: 6984600
  • Standard Status: Active
  • MLS Status: Active
  • 204 days on market
  • Location
  • County/Parish: Maricopa
  • Lot
  • Dimensions: 8468
  • Parking
  • 5 open parking spaces
  • 5 total parking spaces
  • Paved
  • On Street
  • Roof
  • Composition
  • Schools
  • Elementary School: William T Machan Elementary School
  • Elementary School District: Creighton Elementary District
  • Middle School: William T Machan Elementary School
  • High School: Camelback High School
  • High School District: Phoenix Union High School District
  • Sewer
  • Public Sewer
  • Taxes
  • Additional parcels description:
  • Parcel Number: 117-06-112-A
  • Public Survey Range: 3E
  • Public Survey Section: 34
  • Annual Amount: $1,247
  • Tax Book Number: 117.00
  • Legal Description: E 130F NE4 NE4 SE4 NW4 EX N 160F & EX W 50F OF S 140F OF E 130F & EX S & E 25F RDS
  • Lot: 123
  • Parcel Letter: A
  • Year: 2025
  • Zoning: 0
  • Utilities
  • Water Source: City Franchise
  • APS

Property Map

$815,000 – 1950 E Yale Street, Phoenix, AZ 85006

Street View

Nearby Schools

Request More Information

Schedule a Showing

Similar Properties Nearby

This content last updated on September 5, 2026 3:28PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.