Refine Search
Sort by
$1,998,000
7060274 MLS
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

$650,000
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. 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

$435,000
4 Beds 3 Baths 7058755 MLS
hree at Taylor Located in the heart of the rapidly revitalizing Phoenix, this well-positioned triplex offers an exceptional opportunity for both investors and owner-occupants seeking strong rental demand and long-term appreciation. Situated in the desirable Garfield Historic District area, the property benefits from its proximity to downtown employment hubs, dining, arts, and entertainment. The property features one 2 bedroom and two 1 bedroom units , providing diversified income potential in one of Phoenix's most active rental corridors. Tenants enjoy convenient access to Arizona State University's downtown campus, major medical centers including Banner - University Medical Center Phoenix, and cultural attractions such as the Phoenix Art Museum. Commuting is seamless with nearby acces to the Valley Metro Light Rail, connecting residents throughout the metro area. Currently rented below markets at $925, $950 & one vacant unit Market rents are $1,050 to $1,250 Each unit offers functional layouts with comfortable living spaces, remodeled making the property attractive for long-term tenants or potential short-term rental strategies where permitted. The central location places residents minutes from downtown Phoenix restaurants, nightlife, and employment centers while maintaining the neighborhood charm of one of the city's most established districts. Whether you're expanding a rental portfolio or seeking a property with strong income potential in a high-growth urban market, this triplex presents a compelling opportunity in one of Phoenix's most desirable investment corridors. All facts and figures are approximate buyer verify MLS information

2142 E Taylor Street Unit 1, Phoenix

$715,000
9 Beds 3 Baths 7058179 MLS
Fully remodeled three-unit Phoenix investment property configured for nine individually rentable rooms and operated using the PadSplit shared-housing model. Improvements include remodeled kitchens and baths, shaker cabinetry, stone-look countertops, stainless steel appliances, wood-look flooring, recessed lighting and updated fixtures. Each unit has a separate entrance and full-size washer and dryer. At approximately $205 per room per week, gross potential income is approximately $95,202 annually. Applying a 7% vacancy allowance, projected NOI is approximately $56,185, representing a projected 7.86% cap rate at the $715,000 offering price. Located approximately one block from Valley Metro Rail. Buyer to verify all facts, figures, expenses, occupancy assumptions and PadSplit requirements. PROPERTY OVERVIEW 5038 N 18th Avenue presents an opportunity to acquire a fully remodeled three-unit Phoenix investment property configured for nine individually rentable rooms and currently operated using the PadSplit shared-housing model. The property combines the underlying value of a triplex with the potential income diversification provided by nine separate room-rental streams. The property consists of three residential units located across two buildings. Each unit has three bedrooms, a separate entrance and its own full-size washer and dryer. The room-by-room configuration allows the property to generate income from up to nine individually rentable rooms rather than depending solely upon three traditional unit leases. RENOVATIONS AND PROPERTY FEATURES The property has undergone extensive renovations designed to improve durability, functionality and overall condition. Interior improvements include remodeled kitchens with white shaker-style cabinetry, stone-look countertops, stainless steel appliances, updated hardware and modern finishes. Bathrooms have been updated with contemporary vanities, fixtures and attractive tile tub-and-shower surrounds. Additional improvements include wood-look flooring, modern baseboards, updated windows, recessed lighting, ceiling fans, updated plumbing fixtures, interior paint and neutral finishes throughout the residential spaces. Each unit offers functional common areas, updated kitchens and individual bedrooms designed to support room-by-room occupancy. Full-size washers and dryers are provided within each unit, eliminating the need for residents to share a central laundry facility. Exterior improvements include updated paint and finishes, distinctive red entry doors, separate unit access, updated windows, exterior repairs and low-maintenance desert landscaping. The combination of separate entrances and multiple residential units supports efficient property operations while maintaining separation between the three living areas. PADSplit SHARED-HOUSING CONFIGURATION The property is currently operated using the PadSplit shared-housing model. PadSplit is a technology-based housing platform that facilitates room-by-room leasing, resident screening, payment processing and other operating functions. The nine-room configuration provides more diversified revenue than a conventional triplex relying on only three rental streams. The property includes furniture and personal property associated with the room-rental operation. Prospective purchasers should review the separate Schedule of Personal Property for a complete list of items intended to convey. PROJECTED FINANCIAL PERFORMANCE Current room pricing is approximately $205 per room per week. Using an average of 4.3 weeks per month and nine rentable rooms, the property's gross potential income is approximately $7,934 per month or $95,202 annually. A conservative 7% vacancy allowance of approximately $6,664 produces projected adjusted annual revenue of approximately $88,538. Based upon owner-provided operating expenses, projected annual operating expenses at 7% vacancy are approximately $32,353. These expenses include utilities, water, sewer, trash collection, internet service, insurance, property taxes, property management and the PadSplit technology fee calculated on occupied revenue. Projected financial performance using the 7% vacancy allowance is as follows: Offering Price: $715,000 Gross Potential Annual Income: $95,202 7% Vacancy Allowance: approximately $6,664 Projected Adjusted Annual Revenue: approximately $88,538 Projected Annual Operating Expenses: approximately $32,353 Projected Net Operating Income: approximately $56,185 Projected Cap Rate: approximately 7.86% At 100% occupancy, projected annual operating expenses increase to approximately $32,886 because the PadSplit technology fee is calculated on occupied revenue. Projected NOI at 100% occupancy is approximately $62,316, representing an estimated 8.72% cap rate at the $715,000 offering price. The financial information is provided for evaluation purposes and is based upon owner-provided expenses, current room pricing and stated occupancy assumptions. Projected rents, occupancy, expenses, NOI and cap rates are estimates and are not guaranteed. LOCATION 5038 N 18th Avenue is centrally located in Phoenix's established Alhambra neighborhood, immediately north of Camelback Road. The property offers convenient access to the Camelback Road and 19th Avenue commercial corridors, Central Phoenix, Midtown, Downtown Phoenix, Grand Canyon University and Interstate 17. One of the property's primary location advantages is its proximity to the 19th Avenue/Camelback Valley Metro Rail station and park-and-ride facility, located approximately 0.2 miles away. The station is within walking distance and is served by Valley Metro's B Line. The B Line provides direct service to North Phoenix, Midtown, Downtown Phoenix and South Phoenix. Riders can transfer at the Downtown Phoenix Hub to the A Line for connections to Phoenix Sky Harbor International Airport, Tempe and Mesa. Bus service is also available along 19th Avenue and Camelback Road, providing additional transportation options throughout Central Phoenix. Interstate 17 is approximately one mile west of the property and provides regional connectivity to Downtown Phoenix, Interstate 10, Loop 101, the West Valley and North Phoenix. AREA AMENITIES The surrounding neighborhood provides access to grocery stores, restaurants, coffee shops, pharmacies, banks, fitness centers, medical services and other daily necessities. The Camelback Road, Bethany Home Road, 19th Avenue and Central Avenue corridors offer a combination of national retailers, locally owned businesses and neighborhood services. Nearby recreational, educational and cultural destinations include Uptown Plaza, the Central Avenue dining corridor, the Melrose District, Steele Indian School Park, Encanto Park, Encanto Golf Course, Phoenix College, Grand Canyon University, Phoenix Art Museum, Heard Museum and Roosevelt Row Arts District. Entertainment and sporting destinations accessible by vehicle or light rail include GCU Arena, Mortgage Matchup Center, Chase Field, Arizona Financial Theatre, The Van Buren, Phoenix Convention Center and Downtown Phoenix's restaurants, entertainment venues and cultural attractions. EMPLOYMENT CENTERS The property is positioned near several of Central Phoenix's major employment centers. Grand Canyon University is located approximately two miles west of the property. Banner Health's corporate offices, Banner-University Medical Center Phoenix, Phoenix College and numerous government, financial, healthcare, hospitality and professional-service employers are located throughout Midtown and Downtown Phoenix. Other significant employment centers include the City of Phoenix, State of Arizona, Maricopa County, Phoenix Union High School District, the Maricopa County Community College District and Phoenix Sky Harbor International Airport and its supporting employers. The combination of walkable light-rail access, nearby bus routes, major arterial streets and convenient freeway connectivity supports access to employment, education, healthcare, shopping and entertainment destinations throughout the Phoenix metropolitan area. BUYER VERIFICATION Buyer shall independently verify all information considered material to the purchase, including but not limited to rents, room rates, occupancy, operating expenses, utility responsibilities, property management costs, PadSplit fees and requirements, zoning, permitted uses, licenses, building measurements, bedroom count, square footage, condition, personal property, financial projections, NOI and cap rates. Seller and listing broker make no representation or warranty regarding future income, occupancy, operating results or continued eligibility for any third-party housing platform.

5038 N 18th Avenue, Phoenix

$749,999
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

$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

$4,495,000
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

$799,900
8 Beds 4 Baths 7056928 MLS
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

$379,700
5 Beds 3 Baths 7055964 MLS
Income producing Duplex built in 1926 on a 8,700 square foot lot (0.2 acres) in the Oakland subdivision. One 2 bed 1 bath unit and one 1 bed 1 bath unit. Construction is masonry and reinforced concrete tilt up frame. Both units are currently leased and produce rental income. Zoning is R-5 (multiple family residential), and the lot sits directly beside 324 N 18th Ave, single family home, that is also rented, producing income and is also for sale, see MLS 7055892. Together, the two parcels total 0.4 acres of R-5 land, positioned for redevelopment into multiple rental units. 324 N 18th Ave and 326 N 18th Ave sit side by side, share R-5 zoning, and total 0.4 acres. Both properties generate income under current use, which lets a buyer hold and collect rent while pursuing entitlements. Buyer to confirm current development standards, parking requirements, and permitted density with the City of Phoenix Planning and Development Department. Buyer to perform all due diligence.

326 N 18th Avenue, Phoenix

$750,000
8 Beds 4 Baths 7055078 MLS
Seller financing available! This well-maintained four-unit property features four 2-bedroom, 1-bathroom units, each with its own in-unit laundry. The property has been extensively renovated, with updates completed throughout all four units, exterior improvements, and numerous upgrades across the property. With a strong history of proactive maintenance and no known deferred maintenance items, this is a truly turnkey investment. Tenants enjoy a shared outdoor space with BBQs and picnic tables, and the property is occupied by well-vetted tenants, providing stable income. Conveniently located with easy access to I-17 and just 2 miles from Grand Canyon University, this property offers an excellent location for both tenants and investors. Seller financing info upon request

2210 W Devonshire Avenue, Phoenix

$699,900
6 Beds 4 Baths 7053495 MLS
This is not your average duplex! Built in 2025, with more than $70K in additional improvements and enhancements. This turnkey property features two spacious 3-bedroom, 2-bathroom units with upgraded finishes, tile flooring throughout, spray foam insulation, large laundry rooms, and all appliances included. Additional improvements include a fenced front yard, covered pergola with ceiling fans, artificial turf, and ficus trees for added privacy. Unit 2 features renovated bathrooms. Each unit has its own private RV gate. Strong rental potential with separate electric meters and tenants responsible for water, sewer, and electricity. With multiple rental strategies, including long-term, furnished, and short-term rentals. This property offers flexibility for investors or owner-occupants.

1724 S 1st Street, Phoenix

$499,000
4 Beds 3 Baths 7051935 MLS
This 3-unit, garden-style historic property, originally constructed in 1916 and completely restored in 2022, offers a unique blend of character and modern upgrades. The property consists of a fully renovated 2-bed/1-bath single-family home, along with a newly constructed duplex featuring (2) 1-bed/1-bath units. The single-family home was extensively updated in 2022 with brand new HVAC, electrical, and plumbing, as well as in-unit laundry and modernized interiors throughout. The duplex was rebuilt from the ground up in 2022, providing turnkey living spaces for tenants. All units are individually metered for electricity, adding convenience and efficiency. Ideally located in the Oakland Historic District with close proximity to Grand Avenue Arts District, Downtown Phoenix, and major freeways.

1522 W Polk Street, Phoenix

$925,000
8 Beds 8 Baths 7051475 MLS
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

$639,900
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

$600,000
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

$384,999
3 Beds 2 Baths 7047080 MLS
Turnkey duplex with strong cash-flow potential! Whether you're looking for a long-term rental, short-term rental, or house-hack opportunity, this fully renovated duplex is ready to generate income from day one. Ideally located in the heart of Phoenix with convenient access to Downtown, major freeways, restaurants, shopping, parks, and entertainment, this property offers excellent rental appeal. Extensive upgrades include a newer roof with Low-E thermal insulation, less than one-year-old A/C units, and blown-in R-30 fiberglass insulation. Situated on a large lot, the property may offer future expansion potential, including the opportunity to explore adding two additional units, subject to zoning, permits, and City approval. This move-in-ready duplex is a low-maintenance investment.

2314 E Garfield Street, Phoenix

$3,340,000
28 Beds 196 Baths 7045894 MLS
Built in 1967 and renovated in 2019, Villa Siena is entirely comprised of two-bedroom, one-bathroom floorplans. The clean, modernized interiors have been renovated with stainless steel appliances, quartz countertops, new shaker cabinets, wood-style vinyl flooring, and in-suite individual washers and dryers. Each unit also features a spacious private backyard and two tandem covered parking spots offering each resident direct access to their adjacent unit. Future ownership has the opportunity of capitalizing on the ability to acquire a turn-key asset in a top-tier location at a basis significantly lower than the relevant comp-set. 14-units | All include private back yards, in-suite laundry and direct access tandem covered carports.

3141 N 37th St Street, Phoenix

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.