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$1,185,000
10 Beds ⋅ 5 Baths ⋅ 7063520 MLS
Excellent Central Phoenix investment opportunity! Updated 5-unit multifamily property featuring spacious 2BD/1BA units. Units offer updated kitchens, bathrooms, flooring and appliances. Property includes covered parking, private outdoor areas and low-maintenance landscaping. Additional value-add opportunity with existing bonus space that could potentially be converted into an on-site laundry facility, creating an additional revenue stream while providing a desirable tenant amenity and supporting future rent growth. Alternatively, the space could be utilized as tenant storage for additional monthly rental income. Convenient Central Phoenix location near 15th Ave & Indian School Rd with easy access to Downtown Phoenix, freeways, shopping, dining and public transportation.

4012 N 15th Avenue, Phoenix
$725,000
4 Beds ⋅ 4 Baths ⋅ 7061053 MLS
Rare investment opportunity in the heart of Central Avondale! This fourplex features four 1-bedroom, 1-bathroom units, each offering just over 500 square feet of living space. Situated on a generous lot, the property presents exceptional potential for investors, developers, or owner-occupants looking to build equity. Constructed with a combination of wood frame and finished with classic stucco, this income-producing property is conveniently located near Central Avenue with easy access to shopping, dining, schools, and major commuter routes. Whether you're looking to renovate, reposition, or expand your investment portfolio, this centrally located fourplex offers endless possibilities in a rapidly growing area.

338 N 1st Street, Avondale
$649,000
5 Beds ⋅ 10 Baths ⋅ 7060765 MLS
FANTASTIC FOUR-PLEX FOR SALE! CENTRALLY LOCATED IN THE CITY OF GLENDALE, CLOSE TO WESTGATE, SHOPPING CENTERS AND DINING AREAS. GREAT INVESTMENT OPPORTUNITY OR FOR A FIRST TIME BUYERS YOU CAN OCCUPY ONE UNIT AND RENT THE OTHERS. EACH UNIT HAS ITS ASSIGNED PARKING, PLEASE DO NOT DISTURB TENANTS APPOINTMENTS TO VIEW THE INTERIOR WILL BE UPON ACCEPTED CONTRACT.

6033 W Oregon Avenue, Glendale
$522,500
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
$370,000
3 Beds ⋅ 2 Baths ⋅ 7058315 MLS
Investor special in the desirable 55+ community of Dreamland Villas! This duplex offers excellent potential for investors, contractors, or buyers looking to renovate and build equity. One unit features 2 bedrooms & 1 bath, while the second offers 1 bedroom & 1 bath. Both units are in need of repairs and updating and are being sold As-Is. Each unit includes its own covered carport. Residents have the option to join the Dreamland Villas HOA for access to amenities including a pool, pickleball, shuffleboard, clubs, and year-round activities. Convenient Mesa location close to shopping, dining, golf, medical facilities, and freeway access. Great opportunity for long term investment potential in desirable community.

5220 E Boise Street, Mesa
$399,999
7057120 MLS
Charming remodeled duplex in the heart of Glendale! This 1,286 sq ft property offers two separate units 🏡 Unit 1: 2 beds/1 bath at 647 sq ft. Unit 2: 1 bed/1 bath at 639 sq ft. Both feature updated finishes, tile/vinyl plank flooring, and dual pane windows. Thoughtfully renovated with a modern kitchen, fresh paint, and stylish bathrooms. Appraised above list price, giving buyers instant equity 💰 Enjoy 2 driveway spaces and a low-maintenance gravel yard. Perfect for investors or owner-occupants seeking rental income potential. Close to shopping, dining, and easy freeway access.

5959 W Gardenia Avenue, Glendale
$709,000
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
$550,000
7052993 MLS
Amazing opportunity! 4 Plex!! Amazing location! Each Unit is a 2 bed, 2 bath, with laundry hookups. HOA includes water/sewer/trash, community pool and landscaping. Units are individually metered for electric.

2802 E Marconi Avenue, Phoenix
$550,000
7052991 MLS
Amazing opportunity! 4 Plex!! Amazing location! Each Unit is a 2 bed, 2 bath, with laundry hookups. HOA includes water/sewer/trash, community pool and landscaping. Units are individually metered for electric.

2801 E Paradise Lane, Phoenix
$925,000
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
$549,000
7051471 MLS
FANTASTIC LOCATION! Cash cow with long term tenants. Located within walking distance to Historic Glendale shopping and restaurant fare. Minutes on Grand Ave puts you in downtown Phoenix. Close to all Westgate amenities and spring training venues. Studio units sustainably developed with tile counter tops, tiled showers, tiled floors, with very little to replace. Each unit features a private courtyard patio. Units separately metered for APS. Some deferred maintenance is necessary which is reflected in the price. Property is eligible for 1031 exchange. Includes 111-10-074 & 111-10-077

5911 W Lamar Road Unit 1, Glendale
$550,000
7051345 MLS
Amazing opportunity! 4 Plex!! Amazing location! Each Unit is a 2 bed, 2 bath, with laundry hookups. HOA includes water/sewer/trash, community pool and landscaping. Units are individually metered for electric.

2833 E Paradise Lane, Phoenix
$950,000
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
$600,000
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
$463,000
7047873 MLS
Conveniently located across from the newly renovated Mesa Temple, this duplex has one bedroom/one bath in front and back each with their own fenced private yard. Ample parking with a drive way, carport and street parking. Well established tenants for three years would like to stay. *Drive by only. Do not disturb tenants! No viewing until accepted contract. All facts and figures are approximate and must be verified by buyer.

216 S Hobson --, Mesa
$995,950
7047702 MLS
Investor alert in the heart of Chandler! Well-maintained single-level 4-plex offering a strong opportunity to live in one unit and rent the others, or add a fully leased income property to your portfolio. Each unit is approx. 750 sq ft, unfurnished, with month-to-month tenants and deposits around $1,000. Current rents: Unit 1 $1,485, Unit 2 $1,485, Unit 3 $1,488, Unit 4 $1,475. Each unit includes private storage, plus an additional utility/storage room with laundry setup not currently in use. Owner pays water, sewer, trash and utility/storage room electric; tenants pay their own electric. Close to Alma School dining, shopping and easy access to the 202 and 60 freeways. Photos shown are of Unit 4. Floor plan and virtual tour available online to preview without disturbing tenants. Rare find

1415 N Pleasant Drive, Chandler
$750,000
7046255 MLS
Great opportunity to own within a community that very rarely has a building available! 4 Studio units with wall unit AC, Refrigerators and Stoves. Well cared for and maintained by this owner. This building is the southern most on the east side of the street, offering privacy for the occupants and ease of parking access from both the north and south side of the alleyway. Very low vacancy rate with such close access to ASU, downtown Tempe and the light rail.

1033 S Mariana Street, Tempe
$370,000
7045588 MLS
A unique investment opportunity in the heart of Mesa! This versatile property features two separate homes on one lot, offering a total of 6 bedrooms, 2 bathrooms, and approximately 1,784 square feet of living space. Ideal for investors, multi-generational living, or owner-occupants seeking rental income, this property combines flexibility and value. Front house occupied at $1300/mo . Back House occupied at $1000/mo. Buyer to verify all listing information, including schools.

630 S Grand Street, Mesa
$749,999
7045584 MLS
Investment Opportunity! Turnkey 4-plex generating strong rental income in a highly desirable Mesa location. This fully occupied multifamily property features four 2-bedroom, 1-bath units, each approximately 867 square feet. Current rents provide immediate cash flow with additional upside potential through future rent growth and value-add improvements. Two units have been updated, while the remaining units offer opportunities to increase returns. Property features individually metered units, granite countertops in select units, and a newer A/C unit. Conveniently located near shopping, dining, schools, and major freeways, this asset is ideal for investors seeking stable income and long-term appreciation. Add this cash-flowing property to your portfolio today!

1861 N Spring --, Mesa
$525,000
7044313 MLS
Calling all investors!! BRAND NEW ROOF February 2026 & NEWER Exterior Paint in 2025. This Triplex is fully leased out with gross rents totaling $3,194 a month. Triplex has some upgrades over the years with flooring, bathrooms, and PEX plumbing. One unit upstairs and two units downstairs. Downstairs units have private backyards and BASEMENTS, huge attraction for tenants!! Also, plenty of parking in parking lot designated for the three triplex's in this private area tucked back off of Mesa Drive. Owner pays water/sewer/trash and Tenants pay electric. Please do not disturb tenants - drive by only.

532 S Mesa Drive Unit B, Mesa
$999,000
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
$1,385,000
7043158 MLS
Extensively renovated 8-unit multifamily community located along the I-17 corridor in Central Phoenix. Originally constructed in 1958, the property recently underwent a comprehensive renovation program totaling more than $400,000 in capital improvements. Upgrades include replacement of all plumbing and the main sewer line, new electrical systems, a new roof, repaved asphalt, and fully renovated unit interiors, providing investors with a truly turnkey asset requiring minimal ongoing maintenance or near-term capital expenditures. The property features an attractive mix of studio, one-bedroom, and two-bedroom floorplans currently generating nearly $10,600 in gross monthly rental income, offering stable day-one cash flow with strong long-term upside. 7.82% cap rate on current financials.

2719 W Maryland Avenue, Phoenix
$685,000
7040102 MLS
Fantastic investment opportunity in Central Mesa. This 4plex features all 2 bed 1 bath units with long term tenants already in place. Current rents are below market but all 4 tenants are on month to month leases, so increasing rents is possible with 30 day notices. All facts and figures approximate, buyer to verify to their satisfaction.

2216 E Broadway Road, Mesa
$879,900
7039257 MLS
Very rare offering in 85016 ZIP CODE. Clean property in a great east Phoenix/Biltmore location. Established rental community with strong historic occupancy and significant rental upside. Tenants enjoy covered parking, gated access and private courtyard. Brand new Xeroscaped landscaping. Units are tiled and have separate meters for gas & electricity. On-site laundry includes owned machines for additional revenue. Property has upgraded electrical and copper plumbing. Each tenant has a reserved covered parking spot in the carport. 4 minutes to Town & Country shopping district and Camelback Road/Biltmore area. Perfect location, well-maintained property and upside in rents.

2101 E Osborn Road, Phoenix
$662,500
7039047 MLS
Exceptional investment opportunity featuring a total of seven units, including a single-family residence & eligible for residential financing. This triplex must be sold with the adjacent fourplex (MLS # 7039046), creating a seven-unit investment portfolio. Located near GCU, the freeway, shopping, and other amenities, this property offers strong tenant appeal. The single-family residence features a full-size laundry room. All units were renovated between 2019 and 2020. Improvements include new sewer and water lines, upgraded electrical service, interior and exterior paint, roofs replaced on both triplexes in 2024, and a new roof on the single-family residence in 2020. Well-maintained property with numerous updates throughout. See Documents tab for details. Buyer to verify all information.

2620 W Pierson Street, Phoenix
$662,500
7039046 MLS
Exceptional investment opportunity featuring a total of seven units, including a single-family residence & eligible for residential financing. This fourplex must be sold with the adjacent triplex (MLS #7039047), creating a seven-unit investment portfolio. Located near GCU, the freeway, shopping, and other amenities, this property offers strong tenant appeal. The single-family residence features a full-size laundry room. All units were renovated between 2019 and 2020. Improvements include new sewer and water lines, upgraded electrical service, interior and exterior paint, roofs replaced on both triplexes in 2024, and a new roof on the single-family residence in 2020. Well-maintained property with numerous updates throughout. See Documents tab for details. Buyer to verify all information.

2616 W Pierson Street, Phoenix
$595,000
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
$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
$1,395,000
7036697 MLS
The property consists of seven units, across two buildings. The front building is a single story triplex, while the rear building is a two story loft style fourplex. The property is extremely well located, being just west of ASU's Tempe Campus. The unit mix is unknown, however two tenants are long term and five are short term.

1214 S Farmer Avenue, Tempe
$274,900
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

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.