This fully occupied four-plex delivers strong, reliable performance with a current cap rate above 7 percent. It is a rare opportunity to secure a stabilized multifamily asset in a high-demand Phoenix corridor, offering immediate cash flow from day one. Each unit is tenant-occupied with consistent rental history, making this a smart addition to any investment portfolio. Buyers seeking to owner-occupy can also utilize FHA financing, allowing one unit to serve as a primary residence while the remaining three generate income to offset monthly expenses. The property offers straightforward, low-drama operations and sits near major freeways, employment centers, and everyday conveniences. This building excels where it counts: dependable returns, strong occupancy, and long-term investment potential. Opportunities at this price point with proven performance are increasingly hard to find. This is a solid, income-producing asset ready for its next owner!
Multi-familyProperty Type
1963Year Built
4 spacesParking
Listed by John Galaviz• eXp Realty
Bought with Kevin McGowin• Go Win Property Management
This fourplex is part of a 12 individually owned 4-plex complex. Four 2 bedroom, 1 bathroom units . Large bedrooms. Units are single level with open floor plans. All units have tile through out. Water, sewer, trash service is included in the monthly rental rate. Community laundry. No HOA. 3 out of 4 units rented with tenants month to month...Vacant unit rent ready.
Public Records
Apr 7, 2017
Sold
$225,000
Public Records
Sep 30, 2009
Sold
$104,000
ARMLS #4077451
Feb 26, 2009
Sold
$112,500
Feb 10, 2009
Listing Removed
—
Nov 25, 2008
Listed
$112,500
GREAT INVESTMENT FOR PROPERTY MANAGER, OR NEW BUSINESS. CONVENIENTLY LOCATED NEAR FREEWAYS, SCHOOLS, AND SHOPPING CENTERS. ALL FOUR UNITS INLUDED IN SALE. LENDER OWNED PROPERTY. SOLD AS IS, SELLER TO PROVIDE ADDENDUMS UPON CONTRACT APPROVAL. SELLER MAKES NO GUARANTIES/WARRANTIES REGARDING THE PROPERTY. BUYER TO VERIFY ALL FACTS, FIGURES AND MEASUREMENTS. COPY OF LSR/PROOF OF FUNDS LETTER AND EARNEST MONEY CHECK LETTER TO ACCOMPANY EACH OFFER FOR CONSIDERATION. NO SPDS.
ARMLS #2982116
Aug 12, 2008
Listing Removed
—
Apr 25, 2008
Listed
$290,000
Public Records
Jun 22, 2006
Sold
$379,900
ARMLS #2445227
Mar 31, 2006
Sold
$375,000
Jan 24, 2006
Listing Removed
—
Jan 7, 2006
Listed
$376,900
ARMLS #2245723
Mar 8, 2005
Sold
$320,000
Feb 23, 2005
Listing Removed
—
Jan 1, 2005
Listed
$329,000
Public Records
Aug 24, 2004
Sold
$265,000
ARMLS #2149474
Jul 7, 2004
Sold
$265,000
Jun 1, 2004
Listing Removed
—
May 22, 2004
Listed
$262,500
Public Records
Jan 30, 2004
Sold
$212,250
Public Records
Oct 30, 2001
Sold
$1,740,000
Public Records
Oct 30, 2001
Sold
$186,000
Public Records
Nov 7, 1997
Sold
$1,400,000
Public Records
Jun 5, 1987
Sold
$1,100,000
Public Records
Sep 17, 1984
Sold
$905,000
Year
Property tax
Land + Additions
Assessment*
2025
$1,825 (+3.9%)
2024
$1,757 (+1.8%)
2023
$1,725 (+3.4%)
2022
$1,668 (−1.3%)
$5,290 + $21,170
$26,460
2021
$1,690 (+2.6%)
$4,960 + $19,850
$24,810
2020
$1,648 (+1.9%)
$4,560 + $18,250
$22,810
2019
$1,618 (+2.7%)
$3,980 + $15,950
$19,930
2018
$1,575 (+0.5%)
$3,980 + $15,950
$19,930
2017
$1,567 (+1.9%)
$3,050 + $12,220
$15,270
2016
$1,538 (+7.9%)
$2,950 + $11,810
$14,760
2015
$1,425 (−6.1%)
$2,890 + $11,560
$14,450
2014
$1,517 (+26.0%)
$2,290 + $9,190
$11,480
2013
$1,204 (+0.3%)
$1,470 + $5,900
$7,370
2012
$1,201 (+4.1%)
$1,680 + $6,730
$8,410
2011
$1,153 (−37.1%)
$1,720 + $6,900
$8,620
2010
$1,832 (−19.6%)
$3,410 + $13,670
$17,080
2009
$2,280
$5,670 + $22,680
$28,350
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
9,583 Sq. Ft.
Year renovated
1963
Sq. Ft.
3,600
Year built
1963
Style
Multi-Family (2-4 Unit)
County
Maricopa County
APN
14904015
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 8, 2026.
R-3
Multifamily Residence District
The purpose of the multifamily residence districts is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes.; The density ranges offered are intended to allow for a greater interaction of residents with at least the opportunity for less individual maintenance, unit cost, and size as compared with a conventional single-family residence.; The design options of average lot subdivision, planned residential and single-family attached development are intended to provide flexibility as to unit placement, variable yard requirements, more reasonable and practical use of open spaces, staggered height limits up to three and four stories and more standardized parking and street improvement requirements. Bonus provisions are intended to facilitate and enhance the utilization of smaller infill parcels as well as unusual and irregular parcels throughout the City.; Along with the freedom that the multifamily district offers are certain responsibilities which must be met for project residents, but more importantly for the overall adjacent neighborhood. These are expressed in terms of standards and performance criteria. The standards internal to a project are intended to increase livability with amenities including landscaping, recreational facilities and project design. On the other hand the exterior standards provide a better fit, [and] better the project and the neighborhood environs. Criteria relating to setbacks, screening and landscaping are intended to reduce noise, maintain privacy and minimize psychological feelings to a change in development character and avoid any adverse effect on property values.
Permitted uses
Include but are not limited to:
Religious facility
Public service
Educational/school
Property details
Parking
Parking Information
Parking Total: 4
Open Parking Spaces: 4
Parking Features: Assigned, 1 Space/Unit
Interior
Heating & Cooling
Has Heating
Cooling: Electric, Individual
Has Cooling
Heating: Individual, Heat Pump, Electric
Interior Features
Appliances: Free-Standing Range, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer
Flooring: Tile
Unit Information
Unit Type Actual Rent: $1,100
Unit Type Baths Total: $1
Unit Type Beds Total: 2
Unfurnished
Exterior
Exterior Features
Construction Materials: Painted, Block
Roof: Built-Up
Property Information
Ownership: Fee Simple
Road Surface Type: Gravel
Lot Information
Lot Size Dimensions: 94.1x101.92x92.61x101.96
Building Information
Number Of Buildings: 1
Financial
Tax Information
Tax Annual Amount: $1,825
Tax Year: 2025
Location
School Information
High School: Glendale High School
High School District: Glendale Union High School District
Elementary School: Washington Elementary School
Elementary School District: Washington Elementary School District
Location Information
Directions: Use GPS
Community Information
Community Features: No Pool
Utility Information
Electric: APS
Sewer: Public Sewer
Public facts
Beds: —
Baths: —
Sq. Ft.: 3,600
Stories: 1.0
Lot Size: 9,583 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1963
Year Renovated: 1963
County: Maricopa County
APN: 14904015
Home facts updated by county records on Jul 8, 2026
Other
Listing Information
Water Source: City Franchise
Around this home
Schools
Shaw Butte School
Public PreK-6 • Assigned • 0.2mi
5/10
Mountain Sky Middle School
Public 7-8 • Assigned • 2.7mi
5/10
Thunderbird High School
Public 9-12 • Assigned • 1.1mi
9/10
Provided by GreatSchools
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