Courtesy of Real Broker
Property Description
A rare multifamily investment opportunity in the heart of Phoenix, The Casitas consists of three separate parcels totaling 31,787 square feet near 21st Street and Camelback Road. The property features seven residences across six buildings, including five detached units and one duplex, with studio, one-, two- and three-bedroom layouts. Renovated down to the studs in 2022, each unit offers modern interiors, updated systems, private outdoor space and individually metered utilities. Gated parking and low-maintenance grounds complete the property. Conveniently located near the Biltmore, Arcadia, The Esplanade, shopping, dining, employment centers and major freeways, this turnkey investment provides strong rental income with compelling long-term potential.
Open House
Property Details and Features
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Property Access
- Road Surface: Asphalt
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Appliances & Equipment
- Free-Standing Range
- Dishwasher
- Refrigerator
- Microwave
- Washer/Dryer
- W/D Hookup
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Bathrooms
- 8 total bathrooms
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Bedrooms
- 10 total bedrooms
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Building
- Built in 1955
- 6 buildings
- Construction Materials: Stucco, Block
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Community
- No Pool
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Cooling
- Central Air
- Ceiling Fan(s)
- Electric
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Disclosures
- None
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Expenses
- Gardener: $1,800
- Insurance: $5,000
- Operating: $14,569
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Floors
- Tile
- Laminate
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Heating
- Heat Pump
- Ceiling
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Income
- Gross Income: $5,296.2
- Net Operating Income: $130,091
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Listing
- Listing ID: 7072919
- Standard Status: Active
- MLS Status: Active
- 7 days on market
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Location
- County/Parish: Maricopa
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Lot
- Dimensions: 198′ x 156′
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Owner Pays
- Trash Collection
- Water
- Sewer
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Parking
- 1 covered spaces
- 10 open parking spaces
- 11 total parking spaces
- Off Street
- Attached Garage
- Free
- Garage Door Opener
- 1 Space/Unit
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Roof
- Composition
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Schools
- Elementary School: Madison #1 Elementary School
- Elementary School District: Madison Elementary District
- Middle School: Madison Park School
- High School: Camelback High School
- 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: 163-31-038-H
- Annual Amount: $7,769
- Tax Book Number: 163.00
- Lot: 2
- Parcel Letter: H
- Year: 2025
- Zoning: R-3 MultiFamily
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Utilities
- Water Source: City Franchise
- SRP
- Individual Meter
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This content last updated on September 5, 2026 3:18AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.