Brian Young PLLC
DPR Realty LLC
Phone: 602-405-3949 Direct
Phone: 480-990-SOLD (7653)
8341 E Gelding Drive, Scottsdale, AZ 85260
Fax:

MLS# 6988566 – 1321 N 48th Place, Phoenix, AZ 85008

$929,900 - 8Br/Ba - for Sale in Palomino Estates, Phoenix
Price: $929,900
Units: 4
Status: Active
Year Built: 1960
Neighborhood: Palomino Estates
Days on Website: 193

Courtesy of HomeSmart

Property Description

This high-yield, well-maintained fourplex in Phoenix is perfectly situated in a quiet cul-de-sac, just south of McDowell & 48th St. Featuring four 2-bedroom, 1-bathroom units, this turnkey property boasts durable block construction and ceramic tile flooring, along with several recent updates. With convenient access to major freeways, supermarket, stores, and located just across from elementary school, these units are highly desirable and in great demand. 4 UNITS FULLY OCCUPIED; Units 1 and 2 have just been remodeled/upgraded. Units 3 and 4 have long-term tenants. Roofing replaced in 2017. All water heaters are newer (2021-2025). Each unit has its own private patio as well as washer/dryer hook-ups. Separate storage room outside unit 4. Amazing 6.4% CAP.

Open House

Property Details and Features

  • Property Access
  • Road Surface: Asphalt
  • Appliances & Equipment
  • Free-Standing Range
  • Refrigerator
  • Free-Standing Electric Oven
  • Microwave
  • W/D Hookup
  • Bathrooms
  • 4 total bathrooms
  • Bedrooms
  • 8 total bedrooms
  • Building
  • Built in 1960
  • 1 building
  • Construction Materials: Painted, Block
  • Community
  • No Pool
  • Cooling
  • Central Air
  • Ceiling Fan(s)
  • Electric
  • Heat Pump
  • Individual
  • Disclosures
  • Seller Prop Disc Stm
  • Expenses
  • Gardener: $500
  • Insurance: $1,600
  • Operating: $7,384
  • Water/Sewer: $4,100
  • Floors
  • Ceramic Tile
  • Heating
  • Electric
  • Listing
  • Listing ID: 6988566
  • Standard Status: Active
  • MLS Status: Active
  • On market as of 2026-02-24
  • 153 days on market
  • Location
  • Subdivision: PALOMINO ESTATES
  • County/Parish: Maricopa
  • Lot
  • Dimensions: 8640
  • Owner Pays
  • Trash Collection
  • Water
  • Sewer
  • Parking
  • 5 open parking spaces
  • 5 total parking spaces
  • Off Street
  • >1 Space Per Unit
  • Roof
  • Composition
  • Schools
  • Elementary School: Brunson-Lee Elementary School
  • Elementary School District: Balsz Elementary District
  • Middle School: Pat Tillman Middle School
  • High School: Buckeye Union High School
  • High School District: Buckeye Union High School District
  • Security Features
  • Security Light(s)
  • Sewer
  • Public Sewer
  • Taxes
  • Additional parcels description:
  • Parcel Number: 125-13-092-A
  • Public Survey Range: 4E
  • Public Survey Section: 5
  • Annual Amount: $1,184
  • Tax Book Number: 125.00
  • Lot: 47
  • Parcel Letter: A
  • Year: 2025
  • Zoning: Multi-Family
  • Utilities
  • Water Source: City Franchise
  • SRP

Property Map

$929,900 – 1321 N 48th Place, Phoenix, AZ 85008

Street View

Nearby Schools

Similar Properties Nearby

This content last updated on September 5, 2026 12:48PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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