Courtesy of Howe Realty
Property Description
Huge opportunity to own a 4-plex investment property in a prime location! Situated in the rapidly growing and highly desirable central Phoenix area near the Downtown, Midtown, and Encanto Corridors, this is an exceptional opportunity for long-term wealth creation and strong rental demand. With no HOA fees, operating costs stay lower and returns stronger. The property features four well-maintained units, each offering 974 sq ft with 2 bedrooms and 2 bathrooms. One unit has been recently remodeled, with another currently undergoing renovations. Two units are currently leased below market rents, while two units are vacant during the remodel process, creating immediate upside potential. Strong value-add opportunity with projected rents of $1,450-$1,700 per month based on nearby comparable properties. Centrally located property just minutes from downtown phoenix with convenient freeway access and strong rental potential. Situated in an established neighborhood with a mix of resident and investment properties.
Open House
Property Details and Features
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Property Access
- Road Surface: Asphalt
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Appliances & Equipment
- Built-In Range
- Free-Standing Range
- Dishwasher
- Refrigerator
- Microwave
- Washer/Dryer
- W/D Hookup
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Bedrooms
- 8 total bedrooms
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Building
- Built in 1983
- 1 building
- Construction Materials: Wood Frame, Stucco
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Community
- No Pool
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Cooling
- Central Air
- Electric
- Individual
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Disclosures
- Seller Prop Disc Stm
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Expenses
- Operating: $3,188
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Floors
- Ceramic Tile
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Heating
- Individual
- Central
- Electric
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Listing
- Listing ID: 7020709
- Standard Status: Active
- MLS Status: Active
- 129 days on market
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Location
- Subdivision: STEPHENSON SUBDIVISION
- County/Parish: Maricopa
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Lot
- Dimensions: 60 x 126.8
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Owner Pays
- Trash Collection
- Water
- Sewer
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Parking
- 2 covered spaces
- 2 open parking spaces
- 4 total parking spaces
- Paved
- Carport
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Roof
- Built-Up
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Schools
- Elementary School: Longview Elementary School
- Elementary School District: Osborn Elementary District
- Middle School: Osborn Middle School
- High School: North High School
- High School District: Phoenix Union High School District
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Sewer
- Sewer-In & Connected
- Public Sewer
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Taxes
- Additional parcels description:
- Parcel Number: 118-08-137
- Public Survey Range: 3E
- Public Survey Section: 28
- Annual Amount: $3,188
- Tax Book Number: 118.00
- Legal Description: STEPHENSON SUB LOT 1 EX W 141.8F TH/OF & EX E 30F TH/OF
- Lot: 1
- Year: 2025
- Zoning: R-4
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Utilities
- Water Source: Master Meter, City Franchise
- APS
- Underground
- Individual Meter
Property Map
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This content last updated on September 5, 2026 2:30PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.