Courtesy: Grigg's Group Powered by The Altman Brothers
480-788-0929
Discover an unparalleled opportunity in the heart of Midtown Phoenix's Melrose District with this extraordinary 2.43-acre parcel of land, presenting a prime multifamily builder opportunity. Boasting approved plans for a 39-unit condominium/apartment building, this property is poised for immediate development. Special financing terms make this venture even more enticing, and with a remarkable 83 Walk Score, future residents will enjoy convenient access to a plethora of amenities. Don't miss out on this chance to shape the landscape of the vibrant Melrose District. Inquire about special seller financing! This is a rare and promising investment opportunity that awaits your vision and creativity.
Courtesy: RHP Real Estate
Rare opportunity to own a beautifully updated duplex. This property features two modern, well-maintained units, each offering 2 bedrooms and 1 bathroom, ideal for attracting quality tenants. Enjoy the convenience of separate private laundry rooms for each unit, two covered parking spaces, and a low-maintenance landscape. The interior has been fully remodeled with a new kitchen, bathroom, fresh interior and exterior paint, new ceiling fans, and light fixtures. It also includes a new connection to the city sewer from septic, one new AC, and another in excellent condition. Watch the sunrise and sunset from your backyard, which backs onto a small mountain with stunning mountain views all around. There are no neighbors to the south or behind the property. Both units are occupied at $1,500 each
Courtesy: Better Homes & Gardens Real Estate SJ Fowler
480-649-3536
''Charming Historic Woodland District'' Step into timeless character and modern ease at this beautifully restored 1908 Carriage‑House/Duplex. Two Bedrooms 2 1/2 Bath Downstairs Unit with Large North Facing Deck. 1 Bed 1 Bath Upstairs. Owners or Tenants will enjoy historic details like Original hardwood floors, colorful tile, ,updated kitchen and Charming Baths/Tubs, Detached Garage That Backs to Gated Alley. Enjoy morning coffee in a lush communal courtyard or stroll to downtown Phoenix hot spots—Grand Avenue galleries, First Fridays, sports venues, ASU campus, and a thriving food & arts scene. Perfect as an Owner/Occupied With Income or Pure investment. In Ideal Central City location. Buyers to verify all facts and figures to their own satisfaction.
Courtesy: ABI Multifamily
602-714-1400
The Grandview Portfolio is a 16-unit, garden-style community built in 1984 with solid block construction. Comprised of four fully condo-mapped, single-story buildings on individual parcels, the property offers flexible exit strategies. Each spacious 2-bed/1-bath unit (approx. 900 SF) features private fenced patios, full-size appliances, large picture windows, washer/dryer hookups, and covered entries. The site includes 24 covered parking spaces, pitched roofs, mature landscaping, copper plumbing, individual electric metering, and recently installed sewer clean-outs. Ideally located near 32nd Street and Bell Road, the property offers excellent access to SR-51, Loop 101, and nearby retail, dining, and employment hubs—making it a strong investment in a high-demand North Phoenix submarket.
Courtesy: Better Homes & Gardens Real Estate SJ Fowler
480-649-3536
Polished 5 unit with all good-sized 1 bedroom units. Prime location in the heart of Phoenix. Only 3 Blocks to the Biltmore Corridor edge. 1.7 miles to Uptown Plaza. 2 miles to Biltmore Fashion Park. 2.2 miles to PCH. Blocks to the ''7's'', the 51 & LRT. All newer electrical, plumbing, HVACs & roofs. The units have upgraded interiors as well, including a washer/dryer combo, quartz countertops, white shaker cabinets, & many more amenities. High concentration of professional jobs within 3 miles. As centrally located in the valley as you can get. Excellent rental market for 1 bed units. 6 CAP based on actual/proforma. Owner expenses may vary. 5 Units all bigger 1BR/1BA (565 SF Ave) 2,824 SF total Interior SF. 12,305 SF Lot. Built 1961/1975. R-3,
Courtesy: ABI Multifamily
602-714-1400
a fully renovated, turn-key 12-unit multifamily asset located in the heart of vibrant Central Phoenix. This rare investment opportunity delivers immediate cash flow and substantial long-term upside in one of the city's most dynamic and accessible submarkets. Lamego Palms features spacious, thoughtfully updated 2-bedroom, 1-bathroom units, each spanning approximately 900 square feet. Every residence is outfitted with modern finishes, upgraded kitchens and bathrooms, and in-unit washer and dryers—premium amenities that elevate tenant satisfaction and support strong retention. Residents enjoy the comfort of large, open floor plans, private in-home laundry, and contemporary interiors that feel like home from day one.
Courtesy: Real Broker
623-223-1663
Be the proud owner of a unique multi-unit investment property in Phoenix! Ideally situated near shopping, dining & major freeway access, this opportunity offers exceptional income potential with 3 separate parcels & a total of 4 thoughtfully remodeled units. The first parcel features a 2-bedroom, 1.5-bath unit with stylish updates & practical layout. The second parcel includes a well-appointed 2-bedroom, 2-bath unit, while the third parcel boasts two spacious 2-bedroom, 2-bath units—each designed with comfort & functionality in mind. All units are move-in ready with modern finishes, updated flooring, essential appliances & inviting living spaces that feel like home. 3 units are currently occupied by long-term, month-to-month family tenants, with room to increase to current market rents Each unit includes its own dedicated parking, generous bedrooms, and bright, open living areas perfect for relaxing or entertaining. Whether you're looking for a strong cash-flow asset or future development flexibility, this property delivers. Don't miss out on this rare investment opportunity!
Courtesy: ROI Asset Management Solutions
602-770-8063
Fourplex for sale in the heart of North Phoenix just minutes from the Desert Ridge Marketplace, SR 51, local schools and parks, shopping, and many other attractions. VA ASSUMABLE loan, see private remarks. The unit mix is: one 1bed/1bath unit, one 2bed/2bath unit, one 2bed/1.5 bath TH style unit, and one 3bed/3bath unit. All units have generous square footage along with W/D hookups. Each unit has outdoor space with either a ground level patio or a balcony. . Monthly HOA dues INCLUDE: common area maintenance, landscaping, community pool, parking enforcement, and gated access with fob entry. Fully occupied with good paying tenants. DO NOT Disturb Tenants. Drive By ONLY. See documents tab, rents in attachment and listed in MLS are actual.
Courtesy: 1912 Realty
480-516-0555
A fantastic investment opportunity! Duplex built in 2006, split-face block construction, concrete driveway & parking pad, 4 vehicle steel carport provides a 2 covered parking spaces for each unit, 6.13% CAP rate providing an attractive return of investment. Each unit feature a 3 bedrooms, 2 bathrooms, separate electric meters. Recent updates in 2023 include new roof, fully remodeled bathrooms with walk-in showers & frameless glass, tile flooring throughout, new kitchen appliances, granite countertops, indoor laundry room-features sure to attract tenants. Additionally, the duplex boasts private front & backyard, which is a huge plus. Its prime location, just minutes to sky harbor airport & downtown phoenix makes it highly desirable for tenants seeking, convenience. Don't miss this one!!
Courtesy: Best Homes Real Estate
602-396-5660
Courtesy: JM Realty
480-785-5612
Incredible Investment Opportunity! This property offers a prime value-add opportunity in a high-demand location just south of Downtown Phoenix. With easy access to I-10 & I-17, it ensures quick commutes to key areas, making it an ideal investment with significant upside potential. Located near Downtown Phoenix, I-17, and the Central Ave light rail extension, this is an excellent value-add opportunity for an investor ready to maximize returns. Act fast—won't last!
Courtesy: Marcus & Millichap
602-687-6700
Centrally located East of the I-17 Freeway immediately north of Central Phoenix's largest major employment corridor is Rose Vista, a, 11-unit apartment community, just south of the 19th Avenue and Northern Avenue intersection in a desirable residential neighborhood, surrounded by the growing lifestyle opportunities of a gentrifying area and the natural beauty of the North Mountain Preserve. The adjacent city-endorsed North Mountain Redevelopment Area, a defined area within the Phoenix MSA currently undergoing transformative gentrification efforts, provides assistance to residents and business owners in taking advantage of funding mechanisms designed to improve the region through advancement of underutilized properties, expanded infrastructure, and the creation of additional employment opportunities with current capital investment of $179M, and lead by a revitalization of the iconic Metrocenter Mall. Ample employment opportunities are found through the nearby I-17 Employment Corridor, boasting more than 43,000 employees across ±1,200 businesses, featuring employers such as BlueCross BlueShield, Wells Fargo, Waste Management. Completed in 1961 and 2011 , Rose Vista is comprised of 4 one-bedroom (36%) and 7 two-bedroom (64%) floorplans, offering an average of ±859 square feet. All units include direct access car-ports, private back patios and in-suite (2011 Built) or back-patio washer/ dryers. Future ownership will have the opportunity to renovate the 9 classic units and capitalize on the rent premium based on the current market and achieved rents by similar properties in the immediate surrounding area.
Courtesy: American Realty Brokers
602-955-6606
Great investment opportunity or Live in separate house and rent the triplex. Free standing 2 bedroom 1 bath home with a triplex behind home. Each apartment is 1 bedroom and 1 bath.
Courtesy: RE/MAX Desert Showcase
623-979-8888
Prime investment property in central Phoenix! Located at 6713 N 27th Ave, Phoenix AZ 85017, this triplex includes three 2-bedroom, 1-bath units (approx. 621 sq ft each) built for strong rental demand near Grand Canyon University. Constructed in 1985 and well-maintained, each unit features individual electric meters, allowing tenants to pay their own utilities and minimizing owner expenses. The property is fully occupied, producing steady cash flow with room for rent growth. Zoned R-3 and close to I-17, shopping, dining, and downtown, this multi-unit rental is a turnkey income opportunity in a thriving 85017 corridor.
Courtesy: RE/MAX Desert Showcase
623-979-8888
Excellent investment property in the heart of Central Phoenix! Located at 4701 N 23rd Dr, Phoenix AZ 85015, this well-maintained triplex features three 2-bedroom, 2-bath units (approx. 996 sq ft each), each individually metered so tenants pay their own utilities. Built in 1985, the property is turnkey and fully occupied with reliable long-term tenants, offering steady cash flow and low owner expenses. Situated near I-17, major employers, dining, and shopping, this multi-unit rental is zoned R-3 and positioned for continued growth in the desirable 85015 area. A smart choice for any investor seeking income potential in the Phoenix rental market.
Courtesy: AZREAPM
602-712-9500
Welcome to this beautifully remodeled 4-plex located in the heart of vibrant Midtown Phoenix, currently operating as a successful CASH FLOWING Airbnb! Each unit has been thoughtfully updated with modern finishes while maintaining the charm of the original architecture. The spacious and well-maintained grounds offer ample parking and a community courtyard for relaxation. The location is ideal for short-term rentals, with close proximity to downtown Phoenix, popular local eateries, art galleries, and public transit. Whether for long-term tenants or vacationers, this 4-plex provides high rental demand in one of the city's most desirable areas.Currently being utilized as a successful Airbnb, this property generates consistent income with a strong track record of bookings, making it a perfect investment opportunity. Gross Profits for 2024 were $121,606, additional opportunity to potentially add additional units, single level, No HOA, LOW TAXES of $1490 for 2024. Biltmore/Arcadia Adjacent! ALL FURNITURE IS INCLUDED! Don't miss out on this exceptional property in one of Phoenix's most sought-after neighborhoods!
Courtesy: Realty ONE Group
623-552-3773
Unique investment opportunity to own an exceptional chance to acquire a prime multi-family parcel in the heart of the Historic Garfield District. Located just moments from downtown Phoenix, with easy access to public transportation, local shops, and dining, this property is perfect for investors seeking long-term growth in a thriving, revitalized area. The parcel (116-33-111) offers abundant potential for redevelopment or income-generating opportunities. Rehab project/units not occupied.
Courtesy: Axen Realty, LLC
623-846-7700
Remodeled 5-unit multifamily property on a rare 0.57-acre R-3 lot with room for growth. Unit mix includes (3) 2-bed/1-bath and (2) 1-bed/1-bath units, each with a private, fenced-in yard, in-unit washer/dryer, and dishwasher. Renovated in 2021 with new HVACs, main sewer line, windows, doors, and covered parking. Interiors feature wood-look tile flooring, quartz countertops, stainless steel appliances, and remodeled bathrooms. Located in an Arizona Opportunity Zone near Grand Canyon University with easy access to I-17. Strong value-add potential in a transitioning area.
Courtesy: My Home Group Real Estate
480-685-2760
Prime location for development! This large lot is located in the Phoenix Opportunity Zone and is near the light rail expansion in South Phoenix. It currently includes residential buildings and is zoned for high-density, multi-family. Approved site plans for seven to fourteen townhomes are included for 3-story townhomes and common area. Each unit features 2 bedrooms, 2.5 baths, a tandem 2 car garage and balcony. Conveniently situated close to both the I-10 and I-17, the property lies between South Mountain Park and downtown Phoenix, offering easy access to outdoor activities, events, shopping, dining, and effortless commuting throughout the valley.
Courtesy: JM Realty
480-785-5612
EXCEPTIONAL INVESTMENT OPPORTUNITY IN PRIME LOCATION! This 17-21 unit, two-story property, built in 1952, offers an outstanding value-add opportunity for savvy investors. The unit mix includes 17 studio apartments, a manager's quarters, and a front office. With interiors currently vacant and ready for renovation, this property is a blank canvas awaiting your vision. PRIME LOCATION ADVANTAGES: Strategic Access: Situated near US 60/Grand Avenue with easy connections to I-10, I-17, and Loop 202 for seamless commutes across the city. FUTURE GROWTH POTENTIAL: A planned light rail extension along Van Buren will place this property in a key transit-oriented area, enhancing accessibility and desirability. CONVENIENT PROXIMITY:Located just one mile west of downtown Phoenix and minutes from Phoenix Sky Harbor Airport, this property is ideally positioned for tenants seeking urban convenience. While the property requires a full remodel to address deferred maintenance, its competitive list price reflects its incredible upside potential. This is your chance to reimagine and revitalize a property in a thriving area with high rental demand. Visualize the Potential: To help showcase the property's possibilities, the listing may include virtually renovated photos, giving you a glimpse into how this space can be transformed into a modern, income-generating asset. Don't let this rare investment opportunity slip awayact quickly, as it won't last long!
Courtesy: Coldwell Banker Realty
928-282-4666
This exclusive property package is perfect for both seasoned investors looking to expand their portfolio and newcomers wanting to start their investment journey. The selection of 5 fully renovated 2 bed (1 bedroom+den) units offers a great opportunity for investors of all levels to enter the real estate market or diversify their existing portfolio. With a strong history of occupancy and the potential to increase rental income, these units provide a stable and reliable income stream. The convenient location and amenities make these units highly desirable for tenants, ensuring a steady flow of rental income for investors. Whether you're just starting out or looking to grow your investment portfolio, this property package offers a smart and lucrative opportunity for investors of all levels.
Courtesy: Coldwell Banker Realty
928-282-4666
This property presents a compelling investment opportunity with its attractive unit mix, desirable location, and potential for additional income through owner-operated facilities. It is a well-positioned, income-generating asset. There are opportunities to even increase current rental income for further value. This property is a prudent choice for investors looking to expand, diversify or start their portfolio. It offers a stable and reliable income stream. The property is 100% occupied and all units were remodeled. There are five-2 beds/1-bath, one-3 beds/1 bath, and eleven-3 beds /2 bath units. All are equipped with their own washer/dryer. The property is located in a Prime location with nearby amenities and great transportation access. Some bedroom counts includes a den (2 beds = 1 bedroom + den and 3 beds = 2 bedrooms + den). The den can function as a bedroom but doesn't have a window.
Courtesy: Howe Realty
602-909-6513
Huge opportunity to own a 4-plex investment property in a prime location! This is an incredible opportunity for future wealth creation, with rapid growth and development in the area - right near the Biltmore! Each of the four units in this well-maintained building offers 2 bed/ 2 baths, providing affordable living space across 974 sf per unit. All units come with appliances, making it move-in ready for tenants—no need for any added expenses. Best of all, there are no HOA fees—a major bonus that keeps your operating costs lower. Currently 3 units are occupied for instant income potential. Great proximity to downtown Phoenix, shopping, dining, and public transport. Whether you're looking to expand your portfolio or dive into your first multi-family investment, this might be a fantastic opportunity. Don't miss out!
Courtesy: JM Realty
480-785-5612
Excellent investment opportunity! This 14-unit, garden-style property, built in 1946, offers a promising investment opportunity. The unit mix includes (9) Studio, (5) 1-bed/1-bath units The property presents a significant value-add opportunity, vacant interiors that are ready for renovation. The location is advantageous right on US 60/Grand with easy access to I-10, I-17, and Loop 202, it ensures quick commutes to key areas. Situated west of downtown Phoenix, it's just minutes from Phoenix Sky Harbor Airport. The property presents a significant value-add opportunity. Don't miss this chance to invest in a promising location with significant upside potential. The property has deferred maintenance and needs a full remodel but a great value at this list price. Hurry won't last! To help visualize this home's floor-plan and to highlight its potential, virtually renovated photos may have been added to this listing.
Courtesy: Axen Realty, LLC
623-846-7700
Find your prime investment opportunity today! This is an 8-unit low-rise complex. Built in 1980, but was extensively upgraded in 2023, making it a turnkey investment with significant potential for income growth. Offering a mix of two standalone 2-bedroom, 2-bathroom units and six 2-bedroom, 1-bathroom units, with modern amenities and high-quality finishes. Each unit features spacious living areas, updated kitchens and bathrooms, and individual storage units. The complex also boasts ample parking with 24 spaces and a well-maintained exterior. The proximity to major employers, shopping centers, hiking trails, and parks puts it in a highly desirable location, this property is perfect for long term tenants!
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.
