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About this home
Three on Heatherbrae is a high-demand, value-add 1963 triplex on a ±8,486 SF lot in Midtown Phoenix, ideal for 1031 exchange investors. INVESTMENT HIGHLIGHTS: THE ASSET: One 2B/1B and two 1B/1B single-story units with large private patios. UPSIDE: Direct rental growth via interior/exterior modernizations. UTILITIES/PARKING: Individually metered electric, gas ovens, and 4 parking spaces. LOCATION & TRANSIT: Prime 85015 corridor. Minutes to I-17, 1 mile to Light Rail, ~13 mins to Downtown, and ~14 mins to Sky Harbor Airport. Highly walkable urban hub.
Alhambra, located between Grand Canyon University and the I-17 corridor, is a residential and commercial Phoenix neighborhood with mid-century ranch streetscapes and a grid of palm-lined arterials. The neighborhood’s character concentrates around the 35th Avenue and Camelback Road intersection, where taquerias, panaderías, barbershops, and late-night eateries keep the sidewalks active. Grand Canyon University’s campus edges bring collegiate energy and newer mixed-use pockets. Alhambra’s housing stock leans toward brick ranch homes and low-rise garden apartments, with mature shade trees softening wide streets. Grand Canyon University Arena and the nearby GCU Golf Course act as local landmarks for events and open green views. Canal paths and neighborhood parks add space for walking and biking across the flat desert terrain.
Provided by Walk Score and Local Logic
Market insights
2134 W Heatherbrae Dr · $450,000
DAYS ON MARKET
6 days
The average home goes pending in 60 days.
SALE-TO-LIST
97.0%
Most homes are selling 3% below list price.
LIST PRICE
$450,000
Median list price in this area is $593,294. (32% higher than this home)
PRICE DROP
0 price drops
15% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Appliances: see remarks
Vinyl and concrete floors
Bedrooms
Unit configuration includes 2-bedroom units (listed rent shown as pro forma)
Bathrooms
Total of 3 bathrooms (property total)
Kitchen
Appliances referenced in remarks (details not provided)
Laundry & utility
Individual electric meters
Flooring
Vinyl flooring
Concrete flooring
Heating & cooling
Natural gas heating (see remarks)
Central air conditioning
Electric cooling
Individual units have their own cooling (2 or more units)
Exterior features
Asphalt road access
No pool
Home design
Fee simple ownership
One building on the lot
Parking
Total parking for 4 vehicles
2 covered spaces (carport)
2 open parking spaces
Additional parking available
On-street parking
Construction
Wood frame and painted construction with block and slump block elements
Foam roof
Utilities
Water served by master meter via city franchise
Electricity from APS with individual meters
Public sewer connection
HOA & community
Community indicates no pool
Financial info
Unit rent shown as pro forma: $1,300 for a 2-bedroom unit
Other
Lot dimensions approximately 65 ft x 131 ft
Electricity and solar
View estimated energy costs and solar savings for this home
Opportunity to own 9 Units In Central Phoenix Just off Indian School and 1 Block from I-17 with Seller or Residential Financing opportunity for 3 Triplex's. Nice Unit Mix of 7-2 Bedrooms (900+sqft) and 2-1 Bedrooms, Laundry Room. All Units have Large Private Backyards that could have Laundry Hookups. Huge Upside!!! Realistic Conservative Market Rents $1,000 to $1,200 for a Proforma Cap rate of 7.1 . 100% Occupied All On Month to Month leases. 2024 Roof on Building 2134 Seller will also entertain offers for Just 2140 &2144 (6 Units) or 2134 (3 Units) Currently Self Managed, All facts and figures are approximate, Buyer & Buyer agent to verify all facts and figures to their satisfaction.
ARMLS #6833418
Apr 17, 2025
Listing Removed
—
Mar 10, 2025
Listed
$465,000
ARMLS #6214332
Apr 26, 2021
Listing Removed
—
Apr 24, 2021
Price Changed
$397,000
Apr 11, 2021
Relisted
—
Apr 5, 2021
Pending
—
Apr 5, 2021
Listed
$407,000
Apr 3, 2021
Pending
—
Mar 29, 2021
Listed
$407,000
Public Records
Nov 5, 2004
Sold
$147,231
ARMLS #2001583
Aug 26, 2003
Listing Removed
—
Jun 30, 2003
Listed
$127,000
Public Records
May 14, 1973
Sold
$31,500
Year
Property tax
Land + Additions
Assessment*
2025
$1,353 (+10.1%)
2024
$1,229 (−0.5%)
2023
$1,235 (+1.6%)
2022
$1,216 (−0.9%)
$4,520 + $18,100
$22,620
2021
$1,227 (+4.0%)
$3,940 + $15,760
$19,700
2020
$1,180 (+1.2%)
$3,400 + $13,630
$17,030
2019
$1,165 (+8.3%)
$2,840 + $11,380
$14,220
2018
$1,076 (+1.3%)
$2,840 + $11,380
$14,220
2017
$1,062 (+4.5%)
$2,180 + $8,740
$10,920
2016
$1,017 (+5.6%)
$1,860 + $7,450
$9,310
2015
$963 (−4.6%)
$1,560 + $6,240
$7,800
2014
$1,010 (+25.2%)
$1,380 + $5,550
$6,930
2013
$807 (−11.9%)
$870 + $3,490
$4,360
2012
$916 (−13.4%)
$1,090 + $4,390
$5,480
2011
$1,057 (−7.1%)
$1,370 + $5,510
$6,880
2010
$1,138 (−38.3%)
$2,050 + $8,220
$10,270
2009
$1,844
$3,520 + $14,100
$17,620
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
8,486 Sq. Ft.
Year renovated
1963
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,069
Year built
1963
Style
Multi-Family (2-4 Unit)
County
Maricopa County
APN
15429029
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
Climate risks
3/10 Flood Factor
Estimated 14-20% chance 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
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Phoenix, AZ • 85015
Average low and high temperatures (°F)
69
42
78
49
85
55
86
59
95
68
106
77
106
82
108
84
102
77
92
63
77
50
74
45
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2134 W Heatherbrae Dr
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $370,000 and $539,900.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $370K to $540K.