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
-
Appliances & Equipment
- “Built-In Range”
- “Free-Standing Range”
- “Dishwasher”
- “Refrigerator”
- “Microwave”
- “Washer/Dryer”
- “W/D Hookup”
-
Building
- Built in 1983
- Construction materials: “Wood Frame”, “Stucco”
- 4 total units
-
Cooling
- “Central Air”
- “Electric”
- “Individual”
-
Floors
- “Ceramic Tile”
-
Heating
- “Individual”
- “Central”
- “Electric”
-
Listing
- Listing ID: 7020709
- Standard status: Active
-
Location
- Subdivision name: STEPHENSON SUBDIVISION
-
Parking
- “Paved”
- “Carport”
- 4 total parkings
-
Property
- Zoning: R-4
-
Roof
- “Built-Up”
-
Schools
- Elementary school: Longview Elementary School
- High school: North High School
- High school district: Phoenix Union High School District
-
Sewer
- “Sewer-In & Connected”
- “Public Sewer”
-
Taxes
- Annual amount: $3,188
- Lot: 1
-
Utilities
- “APS”
- “Underground”
- “Individual Meter”
Property Map
Street View
Market Trends for 85014, Phoenix, AZ
Nearby Schools
Request More Information
Schedule a Showing
Similar Properties Nearby
This content last updated on May 2, 2026 3:25PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.