Fantastic investment opportunity! This well-maintained single-story fourplex features two 2-bedroom, 1-bath units renting for $1,950/month each and two 1-bedroom, 1-bath units renting for $1,650/month each. Several units have been updated, while others offer value-add potential for increased rental income. This property is a true cash-flow opportunity with strong current returns. The adjacent lot is also available for purchase, creating a rare package deal. The neighboring parcel is zoned C-2, offering excellent potential for future commercial development or expansion (buyer to verify zoning and permitted uses). Don't miss this outstanding investment!
Welcome! This 4-plex is situated between downtowns of Tempe and Phoenix, with easy access to I-10, and will capitalize on the I-10 Broadway Curve Improvement Project upon completion in 2025. Offering two 2-bedrooms and two 1-bedrooms, three of the 4 tenants are month-to-month. Three of the rental units have newer HVAC units (A & B were installed in 2023). Unit C also has a 2023 in-wall mini-split A/C unit. All-new roof across entire buliding in 2018. Exterior and fence painting in 2022.
Public Records
May 12, 1994
Sold
$40,000
Year
Property tax
Land + Additions
Assessment*
2025
$2,549 (+2.6%)
2024
$2,483 (+2.9%)
2023
$2,412 (+2.0%)
2022
$2,364 (−2.0%)
$3,080 + $18,690
$21,770
2021
$2,412 (+1.2%)
$3,080 + $12,340
$15,420
2020
$2,382 (+315.1%)
$2,050 + $16,870
$18,920
2019
$574 (+2.8%)
$2,220 + $8,900
$11,120
2018
$558 (+4.9%)
$2,220 + $8,900
$11,120
2017
$532 (+5.2%)
$1,340 + $5,360
$6,700
2016
$506 (+6.2%)
$1,210 + $4,840
$6,050
2015
$476 (−0.5%)
$940 + $3,770
$4,710
2014
$479 (+32.5%)
$630 + $2,520
$3,150
2013
$362 (−8.6%)
$440 + $1,790
$2,230
2012
$396 (−57.7%)
$500 + $2,020
$2,520
2011
$935 (−2.3%)
$1,340 + $5,390
$6,730
2010
$958 (−35.4%)
$1,870 + $7,490
$9,360
2009
$1,483
$3,080 + $12,350
$15,430
Public record
Public record
Zoning
Permits
Beds
—
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
7,178 Sq. Ft.
Year renovated
1989
Sq. Ft.
2,402
Year built
1946
Style
Multi-Family (2-4 Unit)
County
Maricopa County
APN
12236043
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 24, 2026.
C-2
RSIO
Commercial Intermediate District
The C-2, Commercial Intermediate District, is a district of commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district.
Zone overlays
Rio Salado Interim Overlay District
Permitted uses
Include but are not limited to:
Gas station
General retail
Restaurant
Housing-Group
Housing-Senior
Manufacturing
Hotel / motel
Office
Research & development
Public service
Mar 3, 2025 • Final
Building permits
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Total: 1
Open Parking Spaces: 1
Parking Features: Other, <1 Space Per Unit, On Street
High School District: Phoenix Union High School District
Elementary School: Percy L Julian School
Elementary School District: Roosevelt Elementary District
Location Information
Directions: Head east on E Broadway Road (0.5 mi). Property is just after S 20th Street on North side of road.
Community Information
Security Light(s)
Community Features: No Pool
Utility Information
Electric: SRP
Sewer: Public Sewer
Public facts
Beds: —
Baths: 2.0
Sq. Ft.: 2,402
Stories: 1.0
Lot Size: 7,178 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1946
Year Renovated: 1989
County: Maricopa County
APN: 12236043
Home facts updated by county records on Aug 24, 2026
Other
Listing Information
Water Source: Master Meter, City Franchise
Around this home
Schools
Martin Luther King Junior Elementary School
Public PreK-3 • Assigned • 0.3mi
Percy L Julian School
Public K-8 • Assigned • 0.3mi
5/10
South Mountain High School
Public 9-12 • Assigned • 1.5mi
2/10
Provided by GreatSchools
Local insights from Redfin agents
The Biltmore area is where Phoenix goes to dress up a little—palm-lined streets, beautiful homes, great restaurants, upscale shopping, and just enough golf carts to remind you that leisure is taken seriously here. It’s sophisticated without being...
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 112° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Phoenix, AZ • 85040
Average low and high temperatures (°F)
70
47
79
54
86
60
88
63
95
71
106
80
106
85
108
87
103
80
93
68
77
55
74
50
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 25% for direct sun exposure in Phoenix. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
11.5 hrs
7.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$519,000 – $628,000
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