Phoenix AZ Multi-Family Real Estate, Homes for Sale - Brandy Aguirre Real Estate Advisor

Desert Jewel is an 11-unit, garden-style apartment community built in 1960 and renovated in 2017, located in the highly desirable Arcadia-Lite submarket of Phoenix. The property is individually metered for electricity and offers ample resident parking, including a covered carport. The unit mix consists of (2) 1-bed/1-bath, (2) 2-bed/1-bath, and (7) 2-bed/2-bath units averaging 823 SF. Current interior renovations feature stainless steel appliances, kitchen islands, updated light fixtures, and in-suite washer & dryer. A light value-add opportunity remains through exterior renovations. Ideally positioned just minutes from Biltmore Fashion Park, Camelback Mountain hiking trails, Biltmore Golf Club, and Downtown Phoenix. Seller recently replaced underground sewer line.

2947 N 39th Street, Phoenix

$495,000

4 Beds ⋅ 2 Baths ⋅ 7059979 MLS

Fantastic Brick Duplex in great phoenix location! Both sides are 2 bedroom and 1 bathroom units with one unit completely remodeled! Huge lot with awesome RV gate and ample storage for all your needs. Live in one side and use the other as a great income generating home or make this a great rental property with tons of upside!! All new appliances on one side with complete bathroom remodel as well. Great value here, Make this one yours!!

3608 N 13th Avenue, Phoenix

$650,000

5 Beds ⋅ 4 Baths ⋅ 7059467 MLS

Fantastic investment opportunity! This well-maintained 4-plex features three spacious 1-bedroom, 1-bath units and one generous 2-bedroom, 1-bath unit. Conveniently located near shopping, dining, parks, and major commuter routes, it offers the perfect blend of comfort and accessibility. Enjoy off-street parking and stunning mountain views. A great option for both investors and owner-occupiers seeking rental income in a desirable location.

10648 N 15th Avenue, Phoenix

$639,900

6 Beds ⋅ 4 Baths ⋅ 7059177 MLS

Great opportunity! Embrace the perfect blend of modern style and everyday comfort in this beautiful single-story duplex! Discover a desirable open floor plan filled with abundant natural light, enhanced by wood-look flooring and fresh neutral paint throughout. Upscale kitchen is designed to impress, featuring stainless steel appliances, ample white cabinetry, quartz counters, recessed & pendant lighting, and a peninsula with a breakfast bar that's ideal for casual dining or entertaining. Large main retreat provides a walk-in closet and a private bathroom with a shower & tub combo. Each unit offers 3 bedrooms and 2 bathrooms. Approx. 2,340 total sq ft. Excellent location, close to restaurants, entertainment, and more. What are you waiting for? Make it yours before it's gone!

3753 E Polk Street, Phoenix

$749,999

7 Beds ⋅ 4 Baths ⋅ 7057876 MLS

PRICE IMPROVEMENT Motivated Seller Great investment opportunity! This fully renovated triplex features two 2-bedroom, 1-bath units and one 3-bedroom, 2-bath unit. All units were updated in 2025 with new flooring, cabinets, countertops, white appliances, bathrooms, and lighting fixtures. All three units are tenant occupied and producing income, making this a turnkey investment. One of the tenants are Section 8 tenants, providing reliable rental income. The property features low-maintenance landscaping, ample private parking, and separately metered electric for each unit. Located on R-5 zoning and registered as a multifamily parcel, this property is separately parceled as a triplex, allowing for residential financing. An excellent opportunity for investors seeking a renovated, cash-flowing property in Phoenix

1101 E Roosevelt Street, Phoenix

$949,900

10 Beds ⋅ 7057590 MLS

BRAND NEW and Turn Key completely rebuilt 5 unit apartments. New wiring, plumbing, AC, appliances, New Tile flooring, New cabinets, with granite countertops, new window trimming, new windows. This is a turnkey property. Kitchen with Newly added 14 car parking lot. New fencing and backyard. This is a rare find. Dedicated laundry room, which can be used for added income. Done with the idea of lasting excellence and durability. Even the parking lot has brand new asphalt Ready for New tenants at $1650 per month

11230 N 17th Avenue, Phoenix

$2,800,000

32 Beds ⋅ 128 Baths ⋅ 7057176 MLS

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.

3027 E Grandview Road Unit 1, Phoenix

$3,495,000

21 Beds ⋅ 21 Baths ⋅ 7057128 MLS

Seven-unit townhome portfolio in Encanto Village, one of Midtown Phoenix's most sought-after neighborhoods. Within 10 minutes of major employers, dining, nightlife, professional sports, I-10, SR-51, and SR-202, five major hospitals, and 20 minutes from Sky Harbor. Built in 2021, each 1,779 SF townhome offers 3 bedrooms and 2.5 baths over two levels, with private courtyards, high-end finishes, and two flex areas for work/play. Currently operated as rentals with in-place rents below market, offering meaningful upside in one of the nation's strongest job markets. Each home is individually parceled, allowing an investor to hold the portfolio for income today and later sell units individually at retail. A rare central-Phoenix asset pairing for-sale-quality product with two distinct value paths.

4020 N 12th Street, Phoenix

$699,000

8 Beds ⋅ 4 Baths ⋅ 7057074 MLS

3801 N 23rd Drive, Phoenix

$699,900

8 Beds ⋅ 4 Baths ⋅ 7056928 MLS

SELLER FINANCING AVAILABLE! Words can't fully capture the value of this impeccably maintained four-plex, where pride of ownership is evident throughout. Ideally situated in a highly desirable rental community, this property offers both stability and long-term upside for any investor. Each of the four units features a 2-bedroom, 1-bath layout with 926 square feet, providing comfortable and functional living spaces that remain in high demand. Three units are currently occupied, delivering immediate cash flow, while Unit #4 is vacant and available to show. Each unit includes French doors leading to a spacious front deck or patio area, creating a welcoming indoor-outdoor feel. The downstairs units enjoy private fenced yards, a rare amenity that enhances tenant appeal.

3823 N 23rd Drive, Phoenix

$709,000

8 Beds ⋅ 4 Baths ⋅ 7053664 MLS

Rare investment opportunity in Phoenix. This is a four-unit, two-story multifamily dwelling is designed for rental income with three of the four units currently occupied. The layout features four 2-bedroom, 1-bathroom units. Having one unit vacant gives you the opportunity to view the rental space without disturbing residents.

1321 W Vogel Avenue, Phoenix

$6,500,000

42 Beds ⋅ 570 Baths ⋅ 7052542 MLS

Row 31 is a newly constructed boutique style 31-unit community located at 1435 E Taylor St. in the desirable Garfield District just minutes from Downtown Phoenix. The asset offers investors a rare opportunity to acquire a fully modern, institutional quality infill property in one of Phoenix's most urban and transit-connected neighborhoods. Row 31 consists of a well-balanced unit mix of (2) studios, (18) one-bedroom, and (11) two-bedroom, two-bathroom residences, each featuring in-suite washer/dryer, stainless steel appliances, LVP flooring, quartz countertops, custom cabinetry, and smart home features. Construction finished earlier this year and the property is now nearing full occupancy.

1435 E Taylor Street, Phoenix

$415,000

4 Beds ⋅ 2 Baths ⋅ 7052276 MLS

Excellent multifamily investment opportunity on an R-5 zoned multifamily parcel. This fully remodeled duplex features two 2-bedroom, 1-bath units, updated in 2023 with modern kitchens, updated bathrooms, and tile flooring throughout. Situated on a 6,350 sq. ft. lot, the existing duplex leaves additional open space that may offer future expansion or redevelopment potential, subject to buyer verification and City of Phoenix requirements. Ideal for investors seeking immediate rental income, owner-occupants, or those looking for a value-add opportunity. Conveniently located just minutes from Downtown Phoenix, Roosevelt Row, Grand Avenue, the Arizona State Capitol, and I-10 and I-17.

1647 W Garfield Street, Phoenix

$619,000

7 Beds ⋅ 4 Baths ⋅ 7052170 MLS

Excellent investment opportunity in the heart of Phoenix! This well-maintained duplex offers immediate cash flow with two spacious units already occupied. Unit 1 features 3 bedrooms and 2 bathrooms and is currently rented for $2,000/month. Unit 2 offers an expansive 5-bedroom, 3-bathroom floor plan and is currently rented for $2,325/month, generating a combined monthly income of $4,400. Conveniently located near Downtown Phoenix, I-17, I-10, schools, parks, shopping, and dining, this property is ideal for investors looking to expand their portfolio or owner-occupants seeking supplemental rental income. Don't miss this versatile, income-producing property with strong upside potential!

3326 W Maricopa Street, Phoenix

$899,000

8 Beds ⋅ 8 Baths ⋅ 7051475 MLS

Price Reduced! This turnkey fourplex is located in North Phoenix & features large 915sqft units which are all 2 bed/2 bath. The unit interiors were fully remodeled in 2022 which included: new flooring; new kitchen cabinets & countertops; all new kitchen appliances; new bathroom vanities, plumbing fixtures, & more. The in-suite washers & dryers will also convey. The lower units have private patios & the upper units have private balconies. The lot size is very large and parking is plentiful. Lookout Mountain is nearby as well as the 51 freeway for easy access. Major employers nearby include Paradise Valley Unified School District, North Mountain Medical Center & Walmart Supercenter. The property is not governed by an HOA. Drive by only...please do not disturb tenants.

2726 E Beck Lane, Phoenix

$725,000

6 Beds ⋅ 4 Baths ⋅ 7050837 MLS

721 E Carol Avenue, Phoenix

$950,000

1 Beds ⋅ 1 Baths ⋅ 7050686 MLS

Great Potential. Heavy Industrial Zoning or can also be used as a Multi-Dwelling Unit. Home has a apartment for secondary living. Large covered Carport and Spacious Lot size. Potential is endless with Commercial Zoning in place. This can also be used as a Group Home or Senior Housing.

4221 E Magnolia Street, Phoenix

$584,900

3 Beds ⋅ 2 Baths ⋅ 7048918 MLS

Live in the middle of everything while enjoying the character and charm that make Central Phoenix so special. Located in the highly sought-after Pierson Place Historic District, this unique property offers a rare combination of timeless architecture, modern updates, and flexible living space. The main home features original hardwood flooring, a newer roof, newer HVAC system, and the distinctive character that historic home enthusiasts appreciate. Outside, the irrigated lot provides mature landscaping and a private backyard retreat complete with a diving pool. A detached casita with approximately 318 square feet on the main level plus a finished upper level creates endless possibilities for rental guests, a home office, creative studio, fitness space, AIR BNB, or multi-generational living. A partial basement adds even more flexibility and storage rarely found in Phoenix homes. Just minutes from Uptown Plaza, the Melrose District, Downtown Phoenix, the Camelback Corridor, local restaurants, coffee shops, and entertainment, this is an opportunity to own a piece of Phoenix history in one of the city's most desirable central neighborhoods.

539 W Mariposa Street, Phoenix

$1,295,000

15 Beds ⋅ 14 Baths ⋅ 7048694 MLS

1144 E Yuma St is a 14-unit multifamily property in Phoenix's Central City South neighborhood, built in 1942 and positioned as a value-add opportunity with substantial lease-up potential due to its current low occupancy. The unit mix of studios, one-bedroom units, and a single two-bedroom unit is well suited to the area's workforce renter base, and the property benefits from individually metered utilities. Its location near Downtown Phoenix, Sky Harbor Airport, major freeways, light rail access, and ongoing transit-oriented development supports its appeal to tenants seeking convenience and access to major employment centers.

1144 E Yuma Street E Unit 1-14, Phoenix

$500,000

14 Beds ⋅ 7 Baths ⋅ 7048471 MLS

Exceptional value-add opportunity in the heart of Phoenix. Situated on an expansive 14,000 SF lot, this 5-unit multifamily property offers tremendous potential for investors, developers, and owner-operators seeking their next repositioning project. The property requires substantial renovation, creating a true blank canvas for value-add improvements, redevelopment, or adaptive reuse potential. Whether your strategy is long-term hold, multifamily investment, workforce housing, or reimagining the site for its highest and best use, this asset offers exceptional flexibility. Ideally located just minutes from Downtown Phoenix and the Arizona State Capitol, with convenient access to I-10, I-17, Sky Harbor International Airport, the Phoenix Bioscience Core, ASU's Downtown Campus, and the city's major sports and entertainment venues. Positioned within an evolving urban corridor experiencing continued public and private investment, this rare large-lot property combines location, density, and long-term upside. Investment opportunities with this combination of size, proximity to the urban core, and repositioning potential are becoming increasingly difficult to find. Bring your vision and unlock the possibilities.

2021 W Washington Street, Phoenix

$1,750,000

13 Beds ⋅ 11 Baths ⋅ 7046624 MLS

Fully occupied! All single level units inside a gated community, mix of one bedroom units (9) and two bedroom units (2). Newly updated kitchen with stainless appliances, double-door refrigerators, granite countertops. Full-size washer and dryer inside each unit! Concrete floors, double-pane windows, ceiling fans in each room, enough covered and uncovered parking. Incredible central location, 15 minutes in any direction to Scottsdale, Tempe, or Downtown Phoenix. Each unit has separate electrical meter, water/sewer is paid under one account. Two trailers along with tools inside are included in the sale as bonus!

2302 N 36th Street Unit OFC, Phoenix

$1,850,000

6 Beds ⋅ 5 Baths ⋅ 7045805 MLS

Set behind mature trees on a flood-irrigated half-acre in Historic Medlock Place, this is one of the most unique opportunities currently available in Central Phoenix. Combining vintage character, multiple residences, income potential, and an extraordinary collection of mature fruit trees. Originally built in 1948, the primary residence embraces its mid-century roots with stained concrete floors, a gas fireplace, updated bathrooms, and thoughtful improvements that preserve the home's character. Three separate HVAC systems provide zoned climate control, while the private primary suite includes a kitchenette, creating additional flexibility for guests, extended stays, or multi-generational living. The grounds are something truly special. Flood irrigation supports a thriving orchard featuring citrus, grapefruit, mango, pomegranate, fig, jackfruit, mulberry, kumquat, lemon, lime, and numerous other mature fruit-producing trees. Combined with flowering desert landscaping, shade trees, a resurfaced swimming pool, outdoor shower, and expansive patios, this in-town estate feels like a private retreat. Adding to its appeal are two additional structures that create exceptional flexibility for investors, owner-occupants, entrepreneurs, or those seeking multi-generational living arrangements. A detached apartment building offers approximately 1,752 square feet and was originally designed with duplex potential, while a separate guest house provides approximately 952 square feet of additional living space complete with its own kitchen and amenities. A dedicated laundry facility and three-car garage further enhance the property's functionality. Zoned R-3, the possibilities are extensive. Whether envisioned as an owner-occupied compound, income-producing rental property, boutique hospitality concept, assisted living opportunity, creative live-work environment, or a long-term investment in one of Phoenix's most desirable historic neighborhoods, this property offers a combination of land, improvements, and flexibility. Located steps from Uptown Plaza, local restaurants, coffee shops, light rail access, and Downtown Phoenix, this is a rare chance to own a landmark property in Historic Medlock Place.

37 W Pasadena Avenue, Phoenix

$899,000

8 Beds ⋅ 8 Baths ⋅ 7045461 MLS

Mountain View 8 Units consists of six one-bedroom/one-bathroom units and two studio units, offering investors a strong cash-flowing multifamily opportunity in North Central Phoenix. Built in 1987, the property features two-story wood-frame construction with a flat roof. Recent capital improvements include new mini-split HVAC systems in all units and various interior upgrades. The property is 100% occupied and generates $8,325 per month ($99,900 annually) in gross rental income. Investors can benefit from immediate cash flow with additional upside through light cosmetic improvements and rental growth. The parcel located directly in front of the property is also included in the sale, providing added value and future potential.

9648 N 12th Avenue, Phoenix

$849,900

6 Beds ⋅ 50 Baths ⋅ 7045330 MLS

204 E Hatcher Road presents a rare opportunity to acquire a well-maintained duplex in a strong North Central Phoenix location. Built in 2006, the property features two spacious 3-bed/2.5-bath units averaging approximately 1,788 square feet each, offering the feel of a single-family home with the convenience of rental living. Currently occupied by strong government-subsidized tenants paying $2,772 per month, each unit includes an attached two-car garage, private backyard, in-unit washer & dryer, and individually metered utilities, including water. Located in a desirable pocket of Sunnyslope near North Mountain Park & Preserve, HonorHealth John C. Lincoln Medical Center, shopping, dining, & major employment corridors, the property offers strong appeal for both investors and owner-occupants.

204 E Hatcher Road, Phoenix

$2,970,000

18 Beds ⋅ 18 Baths ⋅ 7044366 MLS

Rare opportunity to acquire a 6-unit portfolio within a boutique 7-unit townhome community in a highly desirable Central Phoenix location. Built in 2016, these well-maintained 3-bedroom, 3-bathroom townhomes feature open-concept floor plans, attached two-car garages, and private outdoor living spaces. The property offers stable cash flow, low-maintenance ownership, and future flexibility through individual unit sales. Recent improvements include new roofing, exterior paint, landscaping, and other select upgrades, creating a turnkey investment opportunity with strong rental performance and minimal deferred maintenance.

3010 N 37th St Street, Phoenix

$999,000

4 Beds ⋅ 4 Baths ⋅ 7044182 MLS

Excellent four-unit multifamily investment property in the Phoenix metro area, minutes from Downtown Phoenix and the Sports Center. Updated in 2022, this well-maintained complex offers strong cash-flow potential with estimated annual income of approximately $50,000. Features include four spacious units with separate bedrooms (no studios), tile flooring throughout, in-unit laundry, and all appliances included, including refrigerators, washers, and dryers. Each unit has dedicated storage and assigned parking. Additional highlights include security doors and windows, privacy fencing, no HOA, Phoenix city tax municipality, and eligibility for subsidized housing programs. A low-maintenance, turnkey investment opportunity in a desirable location.

1438 E Adams Street, Phoenix

$799,000

5 Beds ⋅ 3 Baths ⋅ 7043196 MLS

Over 2700 sq ft of livable space: A Live -Work -Play opportunity in Midtown Phoenix with proven income stream. Multi Generational Living or Student off campus housing - so many options! Built in 1920, this rare International Modern-style residence is one of Phoenix's most compelling live-work-invest opportunities. ONly $292 sq ft over 3 buildings! Nestled in the historic Longview neighborhood adjacent to the storied Idylwild Historic District and the Historic Phoenix Country Club Golf Course. The property is currently operating as a successful short-term and corporate rental, consistently booked by convention-goers and business travelers drawn to Downtown Phoenix year-round. The main house offers 3-bedrooms and 2-bathrooms with a loft (loft is only room on 2nd level) and has been thoughtfully updated while honoring its historic roots. Soaring vaulted ceilings in the great room draw the eye to dramatic skylights that flood the space with natural light, while a striking spiral iron staircase ascends to an open loft - the kind of feature guests photograph and rave about in reviews. The upgraded kitchen leans fully into the industrial aesthetic with an oversized island and breakfast bar. Updated SS appliances, vent hood and modern tile design embellish the walls with open shelving to display your prized serve ware! down the hall, the primary suite features a spanish inspired tiled bathroom with dual vanity, custom tiled shower with glass enclosure and a custom closet organizer. Pay attention to the details- wood panel trim, fun lighting, ceiling fans and an electric wall fireplace to set the ambiance and warm the room! The casita is a game changer! 2-bedroom, 1-bath casita complete with a spacious living area, oversized kitchenette with island, and in-unit laundry- everything a corporate guest needs for an extended stay. Its private entrance and front patio. A generous adjacent storage room is already primed for conversion to a 1-car garage -- just add the door. Multigen or rental investment income-the possibilities are endless! The backyard delivers the kind of wow factor that earns five-star reviews. A versatile bonus structure -- game room, she-shed, or private lounge -- features barn-door windows, a built-in bar, true indoor/ outdoor feel, dedicated A/C wall unit, and full electrical. Open it up for a festive indoor-outdoor flow or close it down for a private retreat. The covered patio ties it all together for seamless alfresco entertaining that guests will not forget. The outdoor pergola is complete with fan misting system and party lighting. Are you looking for that urban walkability? This property is walkable to public transit , restaurants and more! Surrounded by some of Phoenix's best dining, this address scores a 10 for urban living. Minutes to Downtown Phoenix's convention center and major corporate destinations, the property draws a consistent stream of professionals, event attendees, and extended-stay guests who return again and again. The adjacent Historic Idylwild Park and prestigious Historic Phoenix Country Club neighborhood and Crystal Towers Executive Condo complex adds to the area's historic prestige and curb appeal. This property practically runs itself. Its location is a short-term rental operator's dream -walkable to public transit, minutes from Downtown Phoenix's convention center, restaurants, and corporate hubs, and surrounded by the kind of historic charm that commands premium nightly rates. Vacancy is rarely a concern here. Hurry this one is a gem!

1058 E Whitton Avenue, Phoenix

$714,800

7 Beds ⋅ 4 Baths ⋅ 7042693 MLS

Fantastic investment opportunity in the heart of Phoenix! This unique property features two detached homes on one oversized 10,000+ square foot lot, offering immediate cash flow and future upside. The front home offers 5 bedrooms and 2 bathrooms (rented for $3,200 per month), while the second home features 3 bedrooms and 2 bathrooms (rented for $2,161 per month). Both residences have been updated with modern finishes including upgraded kitchens, remodeled bathrooms, updated flooring, and contemporary fixtures. Currently generating strong rental income with both units occupied, this property is ideal for investors seeking a turnkey addition to their portfolio. Zoned R-2 with ample land remaining, the property offers potential for additional units or future redevelopment opportunities, subject to buyer verification. Additional highlights include block construction, covered parking, multiple uncovered parking spaces, separate living areas, and a central Phoenix location with convenient access to I-10, Sky Harbor Airport, Downtown Phoenix, employment centers, shopping, dining, and entertainment. Whether you're looking to expand your rental portfolio, house hack, or capitalize on future development potential, this income producing property offers exceptional flexibility and value.

1301 E Durango Street, Phoenix

$549,999

6 Beds ⋅ 3 Baths ⋅ 7042432 MLS

Great opportunity to buy three units, all the same size with 2 bed and 1 bath, middle unit vacant and fully remodeled including vinyl flooring, two units occupied and have tile flooring with updated kitchen and fresh paint interior and exterior. New roof and one new Ac unit. storage unit for each tenant and laundry room not in use. fence on both sides for tenants' privacy. All units have newer fixtures, and new windows. cover parking access through the alley. All units Vacant.

1132 W North Lane, Phoenix

$495,000

4 Beds ⋅ 3 Baths ⋅ 7040737 MLS

Tri-Plex in Phoenix with three rented units! There are two one bedroom one bathroomn units and a two bedroom one bathroom. Each unit has their own gated yards, living rooms, kitchens, and a paved parking area. AC units have been replaced in the last two years.

24 W Fulton Street, Phoenix

$610,000

8 Beds ⋅ 8 Baths ⋅ 7040397 MLS

Exceptional fully occupied 4-plex in North Central Phoenix offering a highly desirable unit mix of four 2-bedroom, 2-bath units. Designed for tenant appeal, each residence features spacious modern layouts, private outdoor living areas, full-size kitchen appliances, and in-unit laundry. Three units have been recently renovated with updated flooring, fresh paint, and upgraded bathroom fixtures. Operating expenses are streamlined, with tenants paying their own electricity, water, and cable, while HOA dues cover sewer, trash, landscaping, security services, common area maintenance, and pool amenities. Recent capital improvements--including exterior painting, newer HVAC units, and new water heaters--help minimize future maintenance costs. Ample parking includes four covered spaces per building.

2832 E Le Marche Avenue, Phoenix

$499,900

5 Beds ⋅ 3 Baths ⋅ 7040009 MLS

LIVE FOR LESS THAN HALF PRICE! Why rent when your tenant can help pay for your home? This outstanding 2025-built duplex offers the opportunity to live in one unit while approximately $2100/month rent from the other can offset more than half your housing payment. Well-maintained and in excellent condition, each unit features wood-look tile, Samsung stainless appliances, 42'' espresso cabinetry, 2'' wood blinds, and modern finishes. Reliable tenants pay their own electric. Ample on-site parking. Also an excellent investor opportunity with approximately $34,000 annual income and an attractive 7% CAP rate. FHA, VA, conventional, cash, or 1031 buyers welcome.

1905 E Illini Street, Phoenix

$499,900

5 Beds ⋅ 3 Baths ⋅ 7040008 MLS

LIVE FOR LESS THAN HALF PRICE! Why rent when your tenant can help pay for your home? This outstanding 2025-built duplex offers the opportunity to live in one unit while approximately $2100/month rent from the other can offset more than half your housing payment. Well-maintained and in excellent condition, each unit features wood-look tile, Samsung stainless appliances, 42'' espresso cabinetry, 2'' wood blinds, and modern finishes. Reliable tenants pay their own electric. Ample on-site parking. Also an excellent investor opportunity with approximately $34,000 annual income and an attractive 7% CAP rate. FHA, VA, conventional, cash, or 1031 buyers welcome.

1845 E Illini Street, Phoenix

$489,900

5 Beds ⋅ 3 Baths ⋅ 7039988 MLS

OWN A DUPLEX WITH LITTLE OR NO MONEY DOWN! Qualified buyers may be eligible for Down Payment Assistance programs offering ZERO DOWN PAYMENT! Live in one unit and rent the other to offset your mortgage payment. FHA, VA and conventional financing available, making this an exceptional opportunity for owner-occupants and investors! Built in 2022, this well-maintained duplex is fully leased with dependable, on-time tenants. Annual income of approximately $34,000 with an attractive 7% CAP rate. Tenants pay electric; owner pays water and sewer. Both units feature wood-look tile flooring, Samsung stainless appliances, 42'' espresso cabinetry, 2'' wood blinds and contemporary finishes. Ideal for affordable homeownership or investors seeking immediate rental income. Cash and 1031 exchange buyers too

1732 E Wood Street, Phoenix

$980,000

6 Beds ⋅ 6 Baths ⋅ 7039794 MLS

Turnkey income today with exceptional upside for tomorrow. This unique multifamily opportunity features 2 detached single-family homes, each leased at $2,800/mo. and designed with modern finishes that drive strong tenant demand. Tenants pay water, sewer, and electric, keeping operating expenses low while maximizing cash flow. Each residence offers 3 bed, 2.5 bath, attached 2-car garage, open living spaces, quartz countertops, stainless steel appliances, and contemporary design. Future appreciation and income potential are enhanced by the opportunity to add an ADU to each home (buyer to verify). Prime location near the Biltmore Corridor, SR-51, major employers, shopping, and dining. A rare combination of stable income, low expenses, and long-term value-add potential. Drive by only.

2324 E Oak Street, Phoenix

$719,900

6 Beds ⋅ 50 Baths ⋅ 7039557 MLS

Outstanding turnkey investment opportunity! One of two side-by-side duplexes built in 2025, this well-designed property features two-story 3-bedroom, 2.5-bath residences, each with a tandem 2-car garage. Fully leased and stabilized with excellent tenants paying $2,300 per month per unit. Produces approximately $43,000 in annual NOI based on trailing 12-month expenses, reflecting an attractive 6% CAP rate. FHA, VA, conventional, cash, and 1031 buyers are welcome. Investors will love the cash flow, but don't overlook the opportunity for an owner-occupant. Owner pays water only. Upgraded finishes include wood-look plank tile, Samsung stainless appliances, 42'' cabinetry, tiled shower surrounds, and dual-pane windows.

2431 E Pueblo Avenue, Phoenix

$719,900

6 Beds ⋅ 50 Baths ⋅ 7039540 MLS

1 of 2 side-by-side duplexes built in 2025; 2-story; 2-car tandem garage; 3-bedrooms, 2.5 baths. currently rented at $2300 per unit; Fully occupied and stabilized. Excellent tenants. 6% Cap rate; generates $43,600 per year based on trailing 12 month expenses. Owner pays water. Surprisingly high-end finishes including plank tile, stainless appliances, 42'' cabinets, dual pane windows, tiled shower surrounds. This is available by itself, or as part of a package of 8 duplexes built and owned by this seller, all occupied.. Excellent condition.

2421 E Pueblo Avenue, Phoenix

$530,000

6 Beds ⋅ 3 Baths ⋅ 7039047 MLS

Renovated triplex at 2620 W Pierson: 3 units (one 1-bed, one 2-bed, one 3-bed), offered at $530,000. Also available with neighboring 2616 W Pierson (MLS# 7039046) as a 7-unit package at $1,199,000. Near GCU, the freeway, shopping and other amenities; eligible for residential financing. Units renovated 2019-2020 with new sewer and water lines, upgraded electrical service, interior and exterior paint, and roof replaced in 2024. Estimated CAP rate approx. 6%. Current rent roll and T12 in the Documents tab. Buyer to verify all information.

2620 W Pierson Street, Phoenix

$669,000

7 Beds ⋅ 5 Baths ⋅ 7039046 MLS

Four units in two buildings at 2616 W Pierson, a single-family residence plus a triplex, offered at $669,000. Also available with neighboring 2620 W Pierson (MLS# 7039047) as a 7-unit package at $1,199,000. Near GCU, the freeway, shopping and other amenities; eligible for residential financing. The single-family residence features a full-size laundry room. Units renovated 2019-2020 with new sewer and water lines, upgraded electrical service, interior and exterior paint; triplex roof replaced 2024, house roof new in 2020. Estimated CAP rate approx. 6%. Current rent roll and T12 in the Documents tab. Buyer to verify all information.

2616 W Pierson Street, Phoenix

$2,795,087

16 Beds ⋅ 16 Baths ⋅ 7038917 MLS

Turnkey 8-unit multifamily investment in the heart of the Biltmore area. This gated community features eight large 2-bedroom, 2-bath units with vaulted ceilings, private backyards, in-unit laundry, and exterior storage. Renovated in 2020 with modern finishes including stainless steel appliances, updated cabinetry, vinyl flooring, and contemporary bathrooms. Community amenities include a dog run, picnic area, BBQ space, and desert landscaping. Prime central Phoenix location with convenient access to shopping, dining, employment centers, and major freeways. Strong long-term investment opportunity in a high-demand rental market.

4229 N 17th Street, Phoenix

$700,000

7 Beds ⋅ 6 Baths ⋅ 7038723 MLS

Welcome to Three at Bumbalow - A Rare Triplex Investment in the Heart of Central Phoenix! Three at Bumbalow presents a unique opportunity to own a recently upgraded triplex in one of Phoenix's most sought-after and rapidly developing neighborhoods. Ideally located near downtown, major freeways, and light rail access, this property is perfect for investors seeking strong rental income or owner-occupants looking to live in one unit while renting out the others. This well-maintained property was renovated in 2023 and features three individual units: Two units with 2 bedrooms and 1 bathroom each, and One larger unit with 3 bedrooms and 2 bathrooms. Each unit has its own private entrance and offers a functional floor plan designed for comfortable living. A nice side yard adds outdoor space and potential for further enhancements, such as communal gathering areas or added amenities. Each unit is equipped with washer and dryer hookups. All the washers, dryers, and refrigerators are included in the sale and convey. The property is currently self-managed, which keeps operating costs low. This triplex is perfect for both seasoned investors and first-time multifamily buyers looking to enter the market with a well-located, income-producing asset. The units are currently rented at $2,863, $1,550, and $1,985 per month, respectively. Whether you're looking to expand your real estate portfolio, complete a 1031 exchange, or live in one unit while earning passive income from the others, Three at Bumbalow offers flexibility, stability, and upside in a prime Central Phoenix location.

2223 E Roosevelt Street, Phoenix

$805,000

8 Beds ⋅ 8 Baths ⋅ 7038283 MLS

Seize this fantastic opportunity to own a well-located duplex close to schools, dining, highway access, and sports fields! Each unit features 3 spacious bedrooms, 2 bathrooms, neutral tones, tile flooring throughout, a laundry area, and a clean, modern kitchen with granite countertops, stainless steel appliances, and an island perfect for casual meals. Enjoy tandem covered parking for added convenience and no HOA restrictions. This property is a great option for investors or owner-occupants--live in one unit and rent the other, or explore short-term rental. One unit Airbnb-ready. Opportunities like this don't come around often. Come see it before it's gone!

1908 W Lawrence Road Unit 1&2, Phoenix

$995,000

10 Beds ⋅ 6 Baths ⋅ 7037733 MLS

An amazing investment opportunity in a fantastic central Phoenix location. This 4-plex offers updated units and plenty of off-street parking (4 covered/6 uncovered). All units have been renovated and feature updated counters, flooring, etc. The main house offers 3 beds & 2 bathrooms. The other units are one 3/1 and two 2/1. Some have private W&D; others share a laundry facility. All units have private back yards. Close to everything, you can't go wrong. Phoenix Children's Hospital is just a 10-minute walk. Hop in the car for a 10-minute ride to Sky Harbor, or a 15-minute jaunt into downtown Phoenix. Live in one, rent the others!

1936 E Yale Street, Phoenix

$765,000

7 Beds ⋅ 4 Baths ⋅ 7037654 MLS

Opportunities like this are genuinely rare in central Phoenix. Situated on a nearly 8,000 square foot lot in the heart of the Encanto neighborhood, this property offers two fully separate homes, a 3-bedroom, 2-bath main house and a 4-bedroom, 2-bath guest house, each with its own living space, garden, kitchen, and entrance. Live in one and let the other help carry the mortgage. House extended family. Or lease both. The lot gives you options that most properties simply cannot. Current tenants are month to month and interested in signing year long leases. Both houses have private fenced yards with their own private grassy outdoor spaces. The front house carries the charm of its 1940 bones while delivering the comfort of a fully updated home, with granite counters, in-unit laundry, and a layout that lives larger than the square footage suggests. The back house 4 bed 2 bath is newly built in 2022 and ready for occupancy with master suite, granite counters, large bedrooms and an open floor family room and kitchen. Two homes. One address. An income stream built in from day one. The location makes both homes remarkably easy to rent and even easier to love. Downtown Phoenix is minutes away, putting Chase Field, Footprint Center, the arts district, and the city's best restaurants within a short drive or rideshare. Phoenix Children's Hospital is right around the corner, making this address a natural fit for traveling medical staff or a generational family home. There are so many options to make this property work for you!

1911 E Harvard Street, Phoenix

$570,000

8 Beds ⋅ 4 Baths ⋅ 7037205 MLS

Investor Special! This duplex offers 4 bedrooms, 2 bathrooms, and a 2 car garage, conveniently located near the downtown area with easy access to I-17. The property has been recently updated and sits in a high-demand location experiencing significant growth. Enjoy proximity to all that downtown Phoenix has to offer, including top restaurants, shopping, entertainment, and stadiums. An added bonus includes RV parking with a separate electrical meter, creating potential for extra rental income. This is an excellent opportunity to add to your rental portfolio, flip, or buy and hold for long-term appreciation. Please note, the property is tenant occupied--do not disturb years at no cost to the buyer or seller.

1802 W Sherman Street, Phoenix

$299,900

11 Beds ⋅ 60 Baths ⋅ 7037076 MLS

**HOT INVESTMENT OPPORTUNITY! CURRENTLY VACANT - 4 UNITS | ~$4,800+ POTENTIAL MONTHLY RENT | MAJOR RENOVATIONS ALREADY COMPLETED!** **Investors, don't miss this Central Phoenix opportunity!** This value-add 4-unit multifamily property offers incredible income potential with most interior renovations already completed. Finish the final improvements and unlock the property's full earning potential! The owner began extensive renovations but had to relocate overseas due to family and work commitments, creating an opportunity for the next investor to complete the project. **FOUR INCOME-PRODUCING UNITS:** - **3 Bed / 2 Bath:** Spacious front unit with beautifully renovated bathrooms and private laundry room. Market rent $1,900 - **2 Bed / 1 Bath:** Rear unit with renovated kitchen (shared laundry) Market rent $1,200 - **1 Bed / 1 Bath:** Rear unit with renovated kitchen (shared laundry)Market rent $999 - **Studio:** Additional rental income opportunity. Market rent $699 All three rear units feature private entrances for added tenant privacy. **WHY INVESTORS WILL LOVE IT:** - **$4,800+ projected monthly rental income** once completed and stabilized. - Approximately **$30K-$35K in remaining improvements**, including new electrical panel, HVAC for all four units, appliances, and water heaters. - Separate electrical meters planned for individual utility billing. - Large rear storage room with additional rental income potential. - Approximately 3 onsite parking spaces plus street parking. - **Flexible purchase options!** Buy as-is or negotiate with the seller to complete improvements before closing. **PRIME CENTRAL PHOENIX LOCATION!** Convenient access to Downtown Phoenix, major freeways, employment centers, restaurants, shopping, and public transportation. **FOUR UNITS. MULTIPLE INCOME STREAMS. SIGNIFICANT UPSIDE.** Whether you're a seasoned investor or expanding your rental portfolio, this property offers an exciting combination of cash-flow potential, value appreciation, and long-term wealth building. **PRICED TO SELL -- BRING YOUR OFFER!** *Buyer to independently verify zoning, permits, unit configurations, measurements, renovation costs, rental projections, and all property information. Rental income is projected, not guaranteed.*

1220 S 10th Avenue, Phoenix

$559,000

14 Beds ⋅ 14 Baths ⋅ 7037040 MLS

Great investment opportunity in the highly desirable gated community of Palomino Point! This 4-plex is situated in a single building and features an excellent unit mix consisting of a 3 bed/3 bath, a 2 bed/2 bath, a two-story 2 bed/1.5 bath, and a spacious 1 bed/1 bath. All units have received full to partial remodels, including new flooring and newer appliances. The HOA covers water, sewer, trash, and landscaping, while electricity is individually metered to each unit. Additional features include a private patio with a second-floor balcony. Residents enjoy access to the community pool, heated spa, and playground. Ideally located across the street from a school and just minutes from shopping and public transportation. Buyer to verify all information.

2837 E Marconi Avenue, Phoenix

2709 E Willetta Street Unit FRNT, Phoenix

$889,000

5 Beds ⋅ 5 Baths ⋅ 7036877 MLS

4-unit apartment community. The front house was originally constructed in 1905, while the triplex was built in 1984 using block masonry. The property was extensively renovated in 2023, with approx $62,500 per door in capex per unit. Each unit is equipped with new in-suite washer and dryer. Upgrades include new roof, flooring, cabinets, countertops, ac units and hot water heaters for triplex, stainless steel appliances, and more. The community features a desirable mix of (1) 2-bed, 2-bath single-family home and (3) 1-bed, 1-bath units, all thoughtfully updated with modern finishes. Each unit is equipped with its own exterior storage space, private backyards and in-unit washer and dryers, and residents enjoy dedicated parking for added convenience. Each unit indiv. metered for electricity.

2709 E Willetta Street Unit FRNT, Phoenix

$229,900

6 Beds ⋅ 3 Baths ⋅ 7036189 MLS

Unique multi-unit opportunity featuring three separate residences on one lot! Front home offers 3 bedrooms and 1 bathroom with spacious living areas, tile flooring and covered front patio. Second unit includes 2 bedrooms and 1 bathroom with functional kitchen and living space. Third unit features 1 bedroom and 1 bathroom, providing flexibility for rental income, extended family or multi-generational living. Convenient location near shopping, dining, schools and freeway access. Great opportunity for investors, multi-generational living or buyers seeking flexible use options with three separate residences situated on one parcel. Buyer to verify all facts, figures, square footage and zoning/use information.

1522 W Taylor Street, Phoenix

$350,000

4 Beds ⋅ 4 Baths ⋅ 7036021 MLS

Excellent investment opportunity! This 4-plex is ideally located near major freeways, shopping, dining, schools, and everyday conveniences, offering strong appeal for both tenants and investors. The property features four units with significant income-producing potential. While the property needs TLC, it presents an excellent value-add opportunity for investors looking to renovate, increase rents, and build equity. Whether you're expanding your portfolio or seeking a multifamily property in a highly accessible location, this property offers tremendous upside and long-term potential.

2509 E Willetta Street, Phoenix

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