Multi Family homes for sale & real estate in South Mountain, AZ

16 homes

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ABOUT THIS HOME
Multi Family Home for sale in South Mountain, AZ:
11 individual homes sold in bulk built in 2024. Nice community with 2 pocket parks. All homes have 2 car garages. Located near the new light rail line extension on Central Ave. AS of now, 10 homes are leased, self-managed by the owner. Owner maintains the common areas and provides quarterly exterior pest control. Buyer to verify all information.

$5,000,000

37 beds20 baths— sq ft

141 W Latona Rd, Phoenix, AZ 85041

Common areas • 22 parking spots • Built 2025

ABOUT THIS HOME
Multi Family Home for sale in South Mountain, AZ:
An incredible investment opportunity in South Phoenix with rare flexibility and strong income potential. This property features casita style units that offer privacy and functionality, plus room for a fifth unit making it ideal for investors looking to expand their portfolio or create a multi generational living setup. The layout and lot design open the door to multiple possibilities, whether you're focused on long-term rentals, short-term opportunities, or value add improvements. Situated near major freeways, downtown Phoenix, and local amenities, this location continues to see growth and demand. A solid foundation for your next profitable project or creative vision.

$699,999

— beds— baths— sq ft

734 E Alta Vista Rd, Phoenix, AZ 85042

Long term rentals • Major freeways • Casita style units

ABOUT THIS HOME
Multi Family Home for sale in South Mountain, AZ:
Fantastic investment opportunity! This well-maintained triplex features three spacious 2-bedroom, 1-bath units. All units currently rented. All units have W/ D hookups for additional income potential. This property cashflows at today's rates. 1 unit has been updated, and each unit has kitchens equipped with essential appliances and open floorplan to living rooms. Exterior painting as well has been updated in the last 2 years. Conveniently located near freeways, shopping, and dining. Ample parking with a convenient layout. The area is growing. Don't miss out!!

$535,000

6 beds3 baths— sq ft

2903 E Wier Ave, Phoenix, AZ 85040

5 parking spots • Built 1984 • Listed 16 days

ABOUT THIS HOME
Multi Family Home for sale in South Mountain, AZ:
First unit is 3 bedroom 1 bath. Second unit is 3 bedroom 2 bath. Space to add units in the rear. Huge potential. Zoned R4. New Owned Solar. New Block Walls. New pavement. New Electrical + Panel. New Roof. See video.

$600,000

— beds— baths— sq ft

5436 S 7th St, Phoenix, AZ 85040

New owned solar • New pavement • Zoned r4

$525,000

2 beds2 baths— sq ft

6239 S 12th Pl, Phoenix, AZ 85042

0.56 acre lot • Built 1954 • Listed 12 days

Property at 6228 S 12th St, Phoenix, AZ 85042, 3 beds, 5 baths

$765,000

3 beds5 baths— sq ft

6228 S 12th St, Phoenix, AZ 85042

Property at 301 E Southern Ave E, Phoenix, AZ 85040, 9 beds, 7 baths

$899,990

9 beds7 baths— sq ft

301 E Southern Ave E, Phoenix, AZ 85040

Property at 2704 E Southgate Ave, Phoenix, AZ 85040, 6 beds, 4 baths

$625,000

6 beds4 baths— sq ft

2704 E Southgate Ave, Phoenix, AZ 85040

Property at 1618 E Wood St, Phoenix, AZ 85040

$500,000

— beds— baths— sq ft

1618 E Wood St, Phoenix, AZ 85040

Property at 5632 S Montezuma St, Phoenix, AZ 85041, 2 beds, 1 bath

$650,000

2 beds1 bath— sq ft

5632 S Montezuma St, Phoenix, AZ 85041

Property at Homes Available Soon Plan, Phoenix, AZ 85040

Unknown

— beds— baths— sq ft

Homes Available Soon Plan, Phoenix, AZ 85040

Listing provided by Zillow

Property at 5646 S Montezuma St, Phoenix, AZ 85041

$650,000

— beds— baths— sq ft

5646 S Montezuma St, Phoenix, AZ 85041

Property at 1831 E Pueblo Ave, Phoenix, AZ 85040

$475,000

— beds— baths— sq ft

1831 E Pueblo Ave, Phoenix, AZ 85040

Property at 5640 S Montezuma St, Phoenix, AZ 85041

$650,000

— beds— baths— sq ft

5640 S Montezuma St, Phoenix, AZ 85041

Property at 313 W Jones Ave, Phoenix, AZ 85041

$1,149,900

— beds— baths— sq ft

313 W Jones Ave, Phoenix, AZ 85041

Property at 3638 S 12th St, Phoenix, AZ 85040

$675,000

— beds— baths— sq ft

3638 S 12th St, Phoenix, AZ 85040

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ABOUT THIS HOME
Multi Family Home for sale in South Mountain, AZ:
Brand new triplex in the heart of phoenix, offering an exceptional opportunity for investors or owner-occupants. This newly constructed building features three separate units, 2 unit are 2 bedrooms, 1 bathroom andone unit is a 1 bedroom 1 bathroom , a private laundry room, an attached 2-car epoxy-coated garage, and a private balcony. Built with quality and efficiency in mind, the property includes spray foam insulation throughout, helping reduce energy costs and enhance comfort. All units are separately metered, making management simple and maximizing rental flexibility.

$849,000

5 beds3 baths— sq ft

1728 W Sherman St, Phoenix, AZ 85007

7,000 sq ft lot • Garage • Somewhat walkable

ABOUT THIS HOME
Multi Family Home for sale in South Mountain, AZ:
Brand new construction. All units are 2 bedroom 2 bath/ High end finishes throughout. This is a perfect turnkey property that is the first in a growing area with gentrification happening. Upside investment. The property is near the light rail into downtown, Bank One Ballpark, Roosevelt Row, and light rail to the airport. IECC efficient appliances and A/C

$1,525,000

— beds— baths— sq ft

1305 E Madison St, Phoenix, AZ 85034

Very walkable

ABOUT THIS HOME
Multi Family Home for sale in South Mountain, AZ:
Discover a rare new-construction duplex built in 2024—designed for space, comfort, and long-term durability. Located at 5022 S 35th Ave in Phoenix, this modern multi-family property offers two large units, ideal for owneroccupants, multi-generational living, or investors seeking strong rental performance. Unit 1 features 4 bedrooms and 3 bathrooms, while Unit 2 offers 3 bedrooms and 3 bathrooms—both with open layouts, premium finishes, and a contemporary two-story design. With a combined 4,590 sq. ft. of living space, each home feels bright, spacious, and highly functional. Parking is exceptional: the property includes 3 garages plus additional private parking, giving each house

$825,000

6 beds— baths— sq ft

5022 S 35th Ave, Phoenix, AZ 85041

8,280 sq ft lot • Garage • Car-dependent

ABOUT THIS HOME
Multi Family Home for sale in South Mountain, AZ:
Multi-Unit Investment Opportunity in Central Phoenix! Discover this rare opportunity to own two adjacent properties—1809 & 1813 W Sherman St—sold together as one package. The combined lots feature three separate buildings totaling three units, including two single-family homes and one studio. Each unit offers unique potential for rental income, multi-generational living, or redevelopment in a rapidly appreciating area near downtown Phoenix.

$499,999

7 beds4 baths— sq ft

1813 W Sherman St, Phoenix, AZ 85007

0.3 acre lot • Somewhat walkable

$380,000

— beds— baths— sq ft

807 E Cocopah St, Phoenix, AZ 85034

Car-dependent

ABOUT THIS HOME
Multi Family Home for sale in South Mountain, AZ:
10-Unit Multifamily Investment Opportunity! This renovated and cash-flowing property is in a strong central Phoenix rental market, consisting of 8 one-bedroom/one-bath units and 2 studio units, all renovated around 2022-2023, modern finishes and several updated systems. Each unit is separately metered for electricity, reducing ownership expenses and simplifying management. Very low property tax expense on this one ($1,167/yr). This sale includes two parcels, with the north parcel at 921 S 35th Ave, offering a big space to work with—a rare opportunity for value-add expansion. The additional land provides space to build storage units, install vending machines, add a laundry facility, or

$1,275,000

— beds— baths— sq ft

927 S 35th Ave, Phoenix, AZ 85009

0.42 acre lot • Car-dependent

Property at 1318 E Jefferson St, Phoenix, AZ 85034, 9 beds, 6 baths

$2,300,000

9 beds6 baths— sq ft

1318 E Jefferson St, Phoenix, AZ 85034

Property at 3543 W Grant St, Phoenix, AZ 85009, 8 beds, 4 baths

$579,000

8 beds4 baths— sq ft

3543 W Grant St, Phoenix, AZ 85009

Property at 1217 S 9th Ave Unit 1 & 2, Phoenix, AZ 85007, 4 beds, 2 baths

$499,900

4 beds2 baths— sq ft

1217 S 9th Ave Unit 1 & 2, Phoenix, AZ 85007

Property at 1802 W Sherman St, Phoenix, AZ 85007

$600,000

— beds— baths— sq ft

1802 W Sherman St, Phoenix, AZ 85007

Property at 538 W 13th St Unit A, Tempe, AZ 85281, 5 beds, 3 baths

$699,500

5 beds3 baths— sq ft

538 W 13th St Unit A, Tempe, AZ 85281

Property at 1229 S 13th Ave, Phoenix, AZ 85007, 3 beds, 3 baths

$429,000

3 beds3 baths— sq ft

1229 S 13th Ave, Phoenix, AZ 85007

Property at 2006 W Madison St, Phoenix, AZ 85009, 6 beds, 4 baths

$750,000

6 beds4 baths— sq ft

2006 W Madison St, Phoenix, AZ 85009

Property at 626 S Wilson St, Tempe, AZ 85281

$2,500,000

— beds— baths— sq ft

626 S Wilson St, Tempe, AZ 85281

Property at 2002 W Jefferson St, Phoenix, AZ 85009, 7 beds, 7 baths

$799,000

7 beds7 baths— sq ft

2002 W Jefferson St, Phoenix, AZ 85009

Property at 1702 W Yuma St, Phoenix, AZ 85007, 4 beds, 4 baths

$508,900

4 beds4 baths— sq ft

1702 W Yuma St, Phoenix, AZ 85007

Property at 3128 W Pima St #2, Phoenix, AZ 85009

$590,000

— beds— baths— sq ft

3128 W Pima St #2, Phoenix, AZ 85009

Property at 1815 W Tonto St, Phoenix, AZ 85007

$529,000

— beds— baths— sq ft

1815 W Tonto St, Phoenix, AZ 85007

Property at 522 W Howe St, Tempe, AZ 85281

$1,000,000

— beds— baths— sq ft

522 W Howe St, Tempe, AZ 85281

Multi Family Homes for Sale in South Mountain

There are currently 16 multi family homes for sale in South Mountain at a median listing price of $745K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in South Mountain stay on the market for 123 days. Popular neighborhoods include South Phoenix, Downtown Phoenix, Encanto, Estrella, Laveen Village, Ahwatukee, Laveen, Central Phoenix, Camelback East, and Ahwatukee Foothills. This map is refreshed with the newest listings in South Mountain every 15 minutes.

In the past month, 101 homes have been sold in South Mountain. In addition to houses in South Mountain, there were also 9 condos, 81 townhouses, and 6 multi-family units for sale in South Mountain last month. Find your dream home in South Mountain using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in South Mountain are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in South Mountain. If you're looking to sell your home in the South Mountain area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in South Mountain with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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