Courtesy of Compass
Property Description
The 15th Street fourplex consists of four 2-bedroom, 1-bath units, each approximately 650 square feet. Average rents are $1,107 per unit, producing gross annual income of approximately $53,160. Operating expenses are low, with the owner responsible only for water, sewer, and trash. Three of the four units have been renovated, and two HVAC systems have been replaced within the last 2-4 years. Located in the highly desirable Garfield Historic District, the property offers historic charm, excellent walkability, and close proximity to Roosevelt Row, making it an attractive investment with strong long-term upside in one of downtown Phoenix’s most sought-after neighborhoods.
Open House
Property Details and Features
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Property Access
- Road Surface: Concrete, Asphalt
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Appliances & Equipment
- Free-Standing Range
- Refrigerator
- Washer/Dryer
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Bathrooms
- 4 total bathrooms
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Bedrooms
- 8 total bedrooms
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Building
- Built in 1983
- 1 building
- Construction Materials: Stucco, Block, Slump Block
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Community
- No Pool
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Cooling
- Electric
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Disclosures
- None
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Expenses
- Insurance: $2,250
- Maintenance: $4,318
- Operating: $12,691
- Water/Sewer: $4,320
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Floors
- Laminate
- Carpet
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Heating
- Central
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Income
- Gross Income: $51,565.2
- Gross ScheduledIncome: $53,160
- Net Operating Income: $38,874
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Listing
- Listing ID: 7062340
- Standard Status: Active Under Contract
- MLS Status: UCB (Under Contract-Backups)
- 32 days on market
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Location
- Subdivision: BARKLEY PLACE
- County/Parish: Maricopa
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Lot
- Dimensions: 0.186 acres / 8,100 sqft
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Owner Pays
- Trash Collection
- Water
- Sewer
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Parking
- 5 open parking spaces
- 5 total parking spaces
- >1 Space Per Unit
- On Street
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Roof
- Composition
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Schools
- Elementary School District: Phoenix Elementary District
- High School District: Phoenix Union High School District
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Sewer
- Public Sewer
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Taxes
- Additional parcels description:
- Parcel Number: 116-18-016
- Public Survey Range: 3E
- Public Survey Section: 4
- Annual Amount: $1,803
- Tax Book Number: 116.00
- Legal Description: LOT 17 BARKLEY PLACE MCR 000716
- Lot: 17
- Year: 2025
- Zoning: R-4
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Utilities
- Water Source: Master Meter
- APS
- SRP
- Individual Meter
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This content last updated on September 6, 2026 3:38AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.