Multi Family homes for sale & real estate in Alhambra, AZ

Multi Family Home for sale in Alhambra, AZ:

Investor or Owner-Occupant Opportunity! This updated, low-maintenance duplex features two two-bedroom, one-bath units—both vacant and ready to rent. Each unit offers a private back patio, newer A/C and water heater, and energy-efficient sliding glass doors. The property also includes a gated courtyard with xeriscape landscaping, two parking spaces, and water sub-metering. Conveniently located near the highway and within a short distance of the future light rail station. A clean, turnkey investment in a highly desirable area—ready to start generating income immediately!

Multi Family Home for sale in Alhambra, AZ:

Historic Medlock Place - R-3 Zoned Half Acre Oasis Rare offering in the Medlock Historic District! This 1958 mid-century ranch sits on a flood-irrigated ½ acre with a lush food forest of citrus, pomegranate, fig, mango, jackfruit & more. Zoned R-3, the property is perfect for short-term rentals, bed & breakfast, assisted living, multi-rental income, or as a private retreat. The main home features updated baths (2023), original stained concrete floors, split-zone AC, kitchenette in primary, and gas fireplace. Enjoy a resurfaced pool, outdoor shower, covered patio, and full perimeter security. Additional improvements include a 1,752 sq ft apartment building (duplex-ready),

Multi Family Home for sale in Alhambra, AZ:

Newly remodeled investment property right next to Grand Canyon University. Built in 1981 and meticulously remodeled in 2025, this 19,297 sqft lot features six spacious 2BD/1BA units with in-unit washer/dryer and modern kitchens. Individually metered for electricity, the property offers tenant convenience and expense control. Only one unit is currently occupied, a great investment opportunity for behavioral health facilities or sober living communities.

Multi Family Home for sale in Alhambra, AZ:

Amazing investment opportunity. Located near the light rail and the I-17 freeway, also close to many points of interest including bus lines and lots of restaurants and grocery stores. Consist of 3 units 1 4/2, 1 2/1, and 1/1/1.All units equipped with kitchen and appliances with a separate laundry building. Lots of parking upfront and plenty of room to build additional units in the back since it has one of the biggest lots in the subdivision, lots of trees that give you lots of shades in the summer months and also pecan tress, irrigated lot. The property has been recently updated with new flooring, new dual pane windows, new paint outside and recetly installed AC units.