Courtesy: Matthews Real Estate Investment Services
310-388-0788
A five-unit multifamily investment opportunity in the heart of Phoenix, Arizona. Originally constructed in 1944, the asset features a mix of 1, 2, and 3 bedroom floor plans. Each of the units have been updated within the last few years; however, future ownership will have the opportunity to capture additional upside through continued interior and exterior renovations. The asset is situated with convenient access to Downtown Phoenix, Sky Harbor International Airport, and major transportation corridors including Loop 202 and I-10. The current cap rate is 7.15% and the seller would be open to carrying with 40% down. An offering memorandum including additional photos is available upon request.
Courtesy: eXp Realty
480-420-4455
NEW FLOORING NEW WINDOWS REMODELED BATHROOMS FRESH INTERIOR & EXTERIOR PAINT GARFIELD HISTORIC DISTRICT 3 UNITS 2 RENTED AT MARKET RATE HOUSE HACK OPPORTUNITY A rare opportunity in the heart of the Garfield Historic District, this three-unit property offers flexibility for both investors and owner-occupants. The main 2-bedroom, 2-bath residence is currently vacant and features new flooring, new windows, remodeled bathrooms, and fresh interior and exterior paint. Two additional casita units are currently rented at market rate, providing immediate income from day one. For an owner-occupant, this setup creates an ideal house hack opportunity. Live in the main home while collecting rent from the two existing units to help offset the monthly mortgage payment. Buyers exploring FHA or other low down payment owner-occupied financing may find this especially compelling, subject to lender and property eligibility requirements. For investors, the property offers three separate living spaces in one of Central Phoenix's most recognizable historic neighborhoods, with two units already producing income and additional upside through the vacant main residence. The configuration also works well for multigenerational living, extended family, or a combination of personal use and rental income. Located just minutes from Downtown Phoenix, Roosevelt Row, Banner University Medical Center, dining, entertainment, major employment centers, freeways, and Phoenix Sky Harbor International Airport, this is the type of central infill property that is increasingly difficult to replicate. Historic character, existing rental income, and multiple paths for occupancy make 1005 E Moreland St a standout opportunity for buyers looking to live, invest, or do both.
Courtesy: ABI Multifamily
602-714-1400
2140 W Heatherbrae is a high-demand, cash-flowing 3-unit multifamily property in Midtown Phoenix (85015). Featuring one single-story triplex with large 2-bed/1-bath units on a ±8,486 SF lot, it offers immediate rental upside and value-add potential for 1031 buyers. PROPERTY HIGHLIGHTS: UNITS: Three spacious 2-bed/1-bath layouts (1963 build). LAYOUT: One single-story triplex with private patios. FINANCIALS: Cash-flowing with strong value-add potential. PARKING & UTILITIES: 5 open spaces; individually metered electricity. LOCATION: Infill lot in Midtown Phoenix, near the 19th Ave / Camelback Light Rail. ACCESS: Minutes to I-17, I-10, SR-51, and Sky Harbor Airport.
Courtesy: RE/MAX Excalibur
480-355-3500
*AFFORDABLE DUPLEX PRICED THOUSANDS BELOW MARKET!* Excellent opportunity for an owner-occupant or investor. Each unit features **2 bedrooms, 2 baths and a private garage**. Both units are currently occupied on a month-to-month basis, providing flexibility for a buyer who wants to **live in one unit and rent the other--potentially reducing monthly housing costs substantially!** FHA, VA and down-payment-assistance buyers welcome. Investors benefit from existing rental income with a **6%+ estimated return** and tenants willing to extend their leases if desired. Property has been self-managed by the builder/seller. Some minor cosmetic updating and repairs would restore the property's shine and provide an opportunity to add value. Affordable multifamily ownership with income already in place.
Courtesy: ProSmart Realty
480-540-2213
Newly Built & Stabilized Phoenix Fourplex - Turnkey Investment Opportunity Exceptional opportunity to acquire a newly built, occupied fourplex completed in 2024. The property consists of four spacious 2-bedroom, 2-bathroom residences, each approximately 930 square feet, offering a modern multifamily product with minimal near-term capital expenditure. Each unit features an open and functional floor plan, contemporary finishes, upgraded kitchens with modern cabinetry and countertops, stainless steel appliances, spacious bedrooms, two full bathrooms, and in-unit stacked washer and dryer. Large windows provide abundant natural light throughout each residence. Unlike much of the surrounding fourplex inventory, this property offers investors the advantages of newer construction.
Courtesy: Real Broker
480-359-6519
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.
Courtesy: Four Peaks Property Management LLC
480-203-4348
RARE 7-UNIT INVESTMENT OPPORTUNITY in a fantastic central Phoenix location! What truly sets this property apart is its unique configuration--7 total units spread across SIX SEPARATE BUILDINGS, consisting of five detached residences plus one duplex. The unit mix includes five 2-bedroom/1-bath units and two 1-bedroom/1-bath units, providing an attractive and versatile rental mix. Situated on an oversized 20,000+ sq. ft. lot, the property offers private outdoor areas, covered parking and the feel of individual residences rather than a traditional apartment complex. Ideally located between Downtown Phoenix and Sky Harbor International Airport with convenient access to major freeways, employment, shopping, dining and entertainment. A unique opportunity to acquire a well-located Phoenix multifam
Courtesy: My Home Group Real Estate
480-685-2760
Rare 2017 newer construction duplex in Phoenix! This modern, low-maintenance property offers immediate cash flow with minimal upkeep in the high-demand 85007 zip code. Built in 2017, you get peace of mind knowing major systems are newer and reliable. Ideal for a seasoned investor or an owner-occupant looking to live in one unit and rent the other! Each unit features a bright open-concept layout, a functional kitchen with matching appliances, 2 spacious bedrooms, 1 full bathroom, and dedicated private parking. Separate electric meters keep investor overhead low and property management simple. Enjoy an exceptional location just minutes from Downtown Phoenix, schools, parks, and major freeways. Don't miss this turnkey investment opportunity.
Courtesy: ABI Multifamily
602-714-1400
COLTER 9 at 810 E Colter St, Phoenix is a 9-unit value-add condo package in Uptown Phoenix. Built in 1962 with classic mid-century block construction, this asset provides instant cash flow and immense upside near the thriving 7th St & Camelback corridor. THE ASSET: 9 individually parceled units (two 3BR, three 2BR, four 1BR). EXIT: Separate parcels support a portfolio sale or high-margin retail sales. VALUE-ADD: Modernize original interiors to maximize premium rental rates. LOCATION: Walkable to elite dining, light rail, and Madison School District. AMENITIES/HOA: Gated access, pools, covered parking. HOA covers exterior, roofs, water, sewer, and trash.
Courtesy: West USA Realty
602-942-4200
Brand new modern duplex available in Central Phoenix. It comes with 2 units, each with 3 bedrooms & 2.5 bathrooms. They feature a stylish contemporary design, open-concept floorplan, and gorgeous finishes throughout. Step inside to a bright and spacious great room with luxury plank flooring, recessed lighting, and neutral designer paint.The kitchen has white shaker cabinets with black hardware, quartz countertops, a large center island, custom pendant lighting, a pantry, and plenty of storage space. Upstairs you'll find spacious bedrooms with ceiling fans and tile throughout. Located in a prime Phoenix location with easy freeway access and convenient proximity to Sky Harbor Airport, dining, shopping and entertainment.
Courtesy: HQ Property Services
714-925-3004
Phoenix 4 plex fully leased and upgraded. All units are 2x1 with laminate flooring throughout and updated bathrooms and kitchens. Units leased at market rate. Parking slabs for easy parking. Individually metered electric. Owner pays for water, sewer, trash, and garbage. Do Not Disturb Tenants. Drive By Only.
Courtesy: eXp Realty
888-897-7821
GREAT MULTI-UNIT INVESTMENT PROPERTY! 100% occupancy. Four units with private entrances, spacious floor plans, and ample parking. Updates include 3 updated showers, hot water heaters, & exterior paint. Unit 3 and 4 have a shared balcony. Unit 1 and 2 have spacious fenced patios. Each unit has a garage. Unit 1 has a two car garage. Regular maintenance performed. Property is walking distance to school, medical, shopping, Walmart, library, park, & more! Quick access to highway 17 and the 60!! Tenants' rights apply, do not disturb tenants.
Courtesy: Better Homes & Gardens Real Estate SJ Fowler
480-649-3536
Palm Square 24 is located at 15th and Camelback, in the heart of Phoenix, just a 1 mile+ to Uptown Plaza & the Melrose District. Addresses include 4819, 4815, & 4811. Under $125,000/door & less than $200/sq ft. Unit mix consists of (8) very large 2 bed units; (10) 1 bed units; & (6) large studio units (15,000 total sq ft). The complex underperformed in 2025 with a low NOI. However, Palm Square 24 is now 100% occupied with $21,200 gross rents in place for August 2026. Forward pro forma close to a 6 CAP. The complex went through many significant renovations over the last 5 years. Many units include in-suite washer/dryer sets & upgraded electrical systems. Lots of storage-additional density potential. Ample parking with carports. Ability to control 1.09 acres in an OZ in Uptown PHX.
Courtesy: Compass
480-776-1555
Amazing investment opportunity to own this brand-new duplex! Perfect for a first-time homebuyer looking to house hack or an investor seeking a low-maintenance property with a desirable unit mix, luxury finishes, and strong cash flow potential. Each unit features 3 bedrooms and 2 bathrooms with high-end finishes throughout, including stainless steel appliances, luxury vinyl flooring, quartz countertops in the kitchens and bathrooms, and brand-new stackable washer/dryers. Each unit also includes a covered parking space, with additional guest parking available. A turfed common area between the buildings provides a great space for pets and outdoor enjoyment.
Courtesy: Compass
480-776-1555
Fourplex available! Great Income! Perfect for a house hack opportunity. Features 4 units: a 2-bedroom/1-bath home with front and back yards and a driveway rented at $1,550/month, plus 3 units in a separate building--a studio ($950/month), 1-bedroom/1-bath ($1,000/month), and 2-bedroom/1-bath ($1,500/month). Total rents are $5,000/month. New roof in 2021. New exterior paint in 2026. Tenants pay gas/electric. Owner pays water, sewer, and trash. Drive by only. Do NOT disturb tenants.
Courtesy: At Home Real Estate Arizona
602-635-6811
Investment Opportunity: Expansive multi-property unit on nearly an acre lot, featuring 8 units including 3 duplexes, 3 houses (one with attached studio), and 2 separate studios. Ready for remodeling, this versatile property offers endless potential for renovation and expansion. Conveniently located near Central Phoenix, this is an ideal investment for those seeking to revitalize and customize living spaces for modern lifestyles. Don't miss out on this prime opportunity! One of the homes is livable, and another is being remodeled currently.
Courtesy: Marcus & Millichap
602-687-6700
Courtesy: Marcus & Millichap
602-687-6700
Uniquely located immediately behind Phoenix Children's Hospital just west of the SR-51 Freeway, Cambridge II presents a unique value-add duplex offering. Built in 1986 and consisting of 2 x 2-bed, 1-bath floorplans averaging 672 SF, future ownership will have the opportunity to complete a renovation program to capture rent premiums already achieved in the the market. Alternatively, the property is positioned well for short-term renting for traveling nurses (given it's proximity to Phoenix Children's Hospital) and/or an owner-occupied investment approach. ***PROPERTY IS CURRENTLY VACANT. LEASING WILL COMMENCE BY MID-SEPTEMBER.
Courtesy: Marcus & Millichap
602-687-6700
Extremely rare newer vintage duplex on over 0.5 acre parcel with the opportunity of adding additional units, McKinley II presents a unique value-add multifamily offering. Built in 2004 and consisting of 2 oversized 3-bed, 1-bath floorplans averaging 1,100 SF, future ownership will have the opportunity to complete a renovation program to capture rent premiums already achieved in the the market and build additional unit(s) on the parcel. Alternatively, the property is well positioned for an owner-occupied investment approach. ***PROPERTY IS CURRENTLY VACANT. LEASING WILL COMMENCE BY MID-SEPTEMBER.
Courtesy: HomeSmart Realty
602-230-7600
Excellent opportunity to own a 4-unit income-producing property with renovations completed approximately 4-5 years ago. The property offers four separate units, providing multiple income streams and strong potential for long-term investment. The renovations add appeal for investors looking for a property with improvements already completed, while still offering potential for future rental growth and appreciation. Conveniently located near shopping, dining, transportation, schools, and everyday amenities, making it an attractive option for tenants. Whether you're an experienced investor looking to expand your portfolio or a buyer seeking a multi-unit property with income potential, this fourplex is an opportunity worth considering.
Courtesy: Better Homes & Gardens Real Estate SJ Fowler
480-649-3536
Excellent multifamily opportunity in the Oakland Historic District near Downtown Phoenix. This duplex features two 1 bedroom / 1 bathroom units, each offering 525 square feet with hardwood floors and functional living space. Both units include their own washer and dryer on separate sides of the building, providing added convenience for residents. The property is fully fenced with parking inside the fencing and sits on a generous 6,375 square foot lot with a large backyard. Additional property features include individually metered electricity, concrete tilt-up frame construction, and R-5 zoning with county multifamily high-density zoning. Conveniently located near Downtown Phoenix, ASU Downtown, light rail, and area amenities, this property offers strong rental appeal and excellent long term investment potential.
Courtesy: Paramount Management & Realty, LLC
623-688-5844
Exceptional multi-family investment opportunity in a high-demand Phoenix rental corridor! This offering includes two well-maintained 4-plex buildings for a total of 8 income-producing units, each designed for functional living and long-term tenant stability. The property location in near major freeways, employers,, shopping, and schools--ideal for consistent occupancy and strong rental performance. With Phoenix's continued demand for affordable multi-family housing, this asset provides an excellent opportunity for investors seeking steady cash flow, value-add potential, or portfolio expansion in one of the fastest-growing metro areas in the country. All units are 2 bedroom 2 baths. Good occupancy and good rent income.
Courtesy: ABI Multifamily
602-714-1400
1625 W Fillmore St is a 4-unit property being sold together with the parcel next door at 1629 W Fillmore St, for a combined 8-unit transaction. All units are 1-bed/1-bath, individually metered for electric, and 100% occupied. 1625 was rebuilt in 2023 with permits, including new roof, HVACs, electrical panels, and sewer line. 1629 features three units with updated kitchens and appliances plus two new HVAC systems. Value-add opportunity to increase rents to market rate on the next turn of leases. Laundry facility on-site & covered parking for each unit. Centrally located near Downtown Phoenix, ASU's Downtown campus, and the Roosevelt Row Arts District, with easy access to I-10 and I-17 and minutes from Sky Harbor Airport.
Courtesy: ABI Multifamily
602-714-1400
1629 W Fillmore St is a 4-unit property being sold together with the parcel next door at 1625 W Fillmore St, for a combined 8-unit transaction. All units are 1-bed/1-bath, individually metered for electric, and 100% occupied. 1625 was rebuilt in 2023 with permits, including new roof, HVACs, electrical panels, and sewer line. 1629 features three units with updated kitchens and appliances plus two new HVAC systems. Value-add opportunity to increase rents to market rate on the next turn of leases. Laundry facility on-site & covered parking for each unit. Centrally located near Downtown Phoenix, ASU's Downtown campus, and the Roosevelt Row Arts District, with easy access to I-10 and I-17 and minutes from Sky Harbor Airport.
Courtesy: eXp Realty
888-897-7821
Rare opportunity to own a well-positioned highly updated duplex in Phoenix's established Taylor Park neighborhood. This versatile property features two separate 1-bedroom, 1-bath units, offering flexibility for rental income, multi-generational living, or an owner-occupied strategy. The units offer approximately 817 and 660 sq ft. of living space and parking. No HOA. Conveniently located near 7th St & Dunlap Ave. Don't miss this exceptional investment opportunity--visit us today!
Phoenix is located in Arizona. Phoenix, Arizona has a population of 1,591,119. Phoenix is more family-centric than the surrounding county with 31.58% of the households containing married families with children. The county average for households married with children is 31.17%.
The median household income in Phoenix, Arizona is $64,927. The median household income for the surrounding county is $72,944 compared to the national median of $69,021. The median age of people living in Phoenix is 34.1 years.
The average high temperature in July is 104.5 degrees, with an average low temperature in January of 43.2 degrees. The average rainfall is approximately 9.2 inches per year, with 0 inches of snow per year.
