Refine Search
Map
Sort by
$669,000
7034632 MLS
Great investment opportunity with this value add 4 plex consisting of 2 separate buildings on a large lot with a very open and spacious community courtyard perfect for gathering, BBQ's or visiting with your neighbors. All units are 2 bedrooms with 1 bathroom and come with a separate storage/laundry room. Conveniently located for easy commute to Grand Canyon University (2 miles), downtown Phoenix, mid town Phoenix and Steel Indian School Park. Perfect investment opportunity with all tenants on a month-to-month lease ready for updating and rental rate increases.

3849 N 23rd Drive, Phoenix
$615,000
7034582 MLS
Investment opportunity in the heart of Phoenix. This multi-unit property offers income potential with flexible living arrangements ideal for investors, owner-occupants, or multi-generational living. The property features multiple units with private entrances, functional floor plans, and ample parking. Conveniently located this property provides easy connectivity throughout the Valley. Whether you are looking to expand your rental portfolio, generate supplemental income, or occupy one unit while renting the others, this property presents endless possibilities. Tenants' rights apply, do not disturb tenants.

4429 N 53rd Lane, Phoenix
$725,000
7034464 MLS
Beautifully updated 3-unit triplex in the desirable Encanto neighborhood! This income-producing property at 2336 N 11th St offers excellent curb appeal with distinctive white block construction and mature palm trees. All units feature recent renovations including luxury vinyl plank flooring, white shaker cabinets, granite countertops, stainless steel appliances, ceiling fans, and updated bathrooms. Unit A: 3BD/2BA - Leased at $1,395/mo through March 2027 Unit B: 3BD/3BA - Vacant and move-in ready Unit C: 2BD/1BA - Leased at $1,250/mo through August 2026 Strong cash-flow potential with two stable tenants in place. Ideal for investors or multi-generational living. Great location near Coronado Historic District, parks, dining, and easy freeway access. Turnkey opportunity in central P

2336 N 11th Street, Phoenix
$945,000
7034315 MLS
Rare 2004 4-plex consisting of 3 bed 2 bath units. Room for rent increases. Very little competition for 3 bed family sized units in the area. In unit laundry, covered parking for tenants. These apartments command high rents for the area as well as high quality long term tenants. WATER, SEWER, TRASH, LANDSCAPING & COMMON AREA MAINT & ELECTRIC PAID BY HOA!! Active HOA which has been completing value add exterior projects in the community. All exterior maintenance handled by HOA, very low maintenance costs for owner. DRIVE BY ONLY! DO NOT DISTURB TENANTS!

16033 N 25th Street Unit 7, Phoenix
$959,000
7033472 MLS
Exceptional investment opportunity in the heart of Central Phoenix featuring six garden-style apartment units with an unbeatable location offering quick access to Downtown Phoenix, Arcadia, the SR-51, and Old Town Scottsdale. This well-positioned property consists of two spacious 3-bedroom/1-bath units, two 2-bedroom/1-bath units, and two studio apartments, providing a diverse unit mix ideal for attracting a wide range of tenants. Several units have been fully renovated with stylish finishes, while others have been thoughtfully updated and still offer additional value-add potential for future improvements and increased rents. Each unit offers a comfortable layout with charming garden-style appeal, creating a welcoming atmosphere for residents. Located near some of Phoenix's most Located near some of Phoenix's most popular dining, shopping, entertainment, and employment hubs, this property presents a rare opportunity for both seasoned investors and owner-users seeking strong upside potential in one of the Valley's most desirable rental corridors.

1812 N 31st Place, Phoenix
$659,000
7033471 MLS
An exceptional investment opportunity in the heart of Downtown Phoenix -- two 4-unit buildings offering a rare chance to own 8 total units with conventional financing eligibility. Ideally located within walking distance to Chase Field, the Footprint Center, ASU Downtown Campus, University of Arizona College of Medicine, Banner Health, and the vibrant restaurants, coffee shops, art galleries, and nightlife of Roosevelt Row. All units are currently occupied, providing immediate income potential, and have been nicely updated with additional upside for future improvements and increased rents. Each residence offers its own private patio or yard space, creating an attractive living experience for tenants, along with ample on-site parking. Positioned in one of Phoenix's fastest-growing Positioned in one of Phoenix's fastest-growing urban corridors, this property combines location, flexibility, and long-term investment potential. Whether you are looking to expand your portfolio or secure a prime multi-family asset in Downtown Phoenix, this is an opportunity not to miss

1533 E Adams Street, Phoenix
$659,000
7033470 MLS
An exceptional investment opportunity in the heart of Downtown Phoenix -- two 4-unit buildings offering a rare chance to own 8 total units with conventional financing eligibility. Ideally located within walking distance to Chase Field, the Footprint Center, ASU Downtown Campus, University of Arizona College of Medicine, Banner Health, and the vibrant restaurants, coffee shops, art galleries, and nightlife of Roosevelt Row. All units are currently occupied, providing immediate income potential, and have been nicely updated with additional upside for future improvements and increased rents. Each residence offers its own private patio or yard space, creating an attractive living experience for tenants, along with ample on-site parking. Positioned in one of Phoenix's fastest-growing urban corridors, this property combines location, flexibility, and long-term investment potential. Whether you are looking to expand your portfolio or secure a prime multi-family asset in Downtown Phoenix, this is an opportunity not to miss

1529 E Adams Street, Phoenix
$575,000
7033450 MLS
Rare Sunnyslope infill opportunity featuring a single-family residence plus duplex on a ±6,250 SF lot near Central Ave, Sunnyslope High School, the Arizona Canal, dining, shopping, and neighborhood amenities. The property offers three total units with updated interiors, wood-look tile flooring, refreshed kitchens and baths, neutral finishes, gated/private yard areas, and low-maintenance landscaping. Ideal for investors seeking rental income, house-hack potential, or long-term value-add upside in North Central Phoenix.

8838 N 2nd Street, Phoenix
$629,999
7032228 MLS
Check out this cash flowing low maintenance fourplex even at today's rates. Complex is located near mostly residential homes near elementary school and within 5 miles of downtown Phoenix. All units have white shaker cabinets, 2 units remodeled with quartz countertops, shaker cabinets and vinyl plank and wood tile flooring, & stainless-steel appliances. 1 unit partially upgraded unit with Quartz countertops, and shaker cabinets. 2 units have new A/C units & water heaters that have been replaced in the last 3 years. 1 A/C unit has a new motor. All of the units have ceiling fans throughout. Recently painted exterior. Units are individual metered for electricity. Units fully occupied, but 1 unit comes up for renewal in July if you want to occupy one or rehab for higher rent. Owner/ Agen

1001 N 32nd Avenue, Phoenix
$1,290,000
8 Beds ⋅ 8 Baths ⋅ 7031957 MLS
6.55 Cap Rate!!! Located in the heart of central Phoenix, 1001 North 9th Street presents an outstanding multifamily investment opportunity featuring eight well-positioned studio apartment units in one of the city's most rapidly evolving urban neighborhoods. This charming eightplex offers a strong blend of steady rental demand, functional unit layouts, and prime proximity to downtown Phoenix amenities. Each studio apartment is thoughtfully designed to maximize efficiency and comfort, appealing to tenants seeking affordable urban living with convenient access to employment centers, dining, entertainment, public transit, and nearby freeway connections. The property's classic character and practical configuration make it an attractive asset for both seasoned investors and owner-operators.

1001 N 9th Street, Phoenix
$3,180,000
7030971 MLS
Positioned at 16th St & Campbell Avenue, this portfolio presents a rare opportunity to acquire 12 well located 2-bedroom, 2-bathroom condominium units in the heart of Phoenix's prestigious Biltmore corridor. Located just a short walk from the AZ Biltmore and surrounded by premier shopping, dining, golf, and outdoor recreation, the property offers investors a highly desirable location w/enduring tenant appeal. *The offering consists of 11 units w/2-beds, 2-baths w/852 sf in the 85016 zip code, along w (1) additional 2-bed, 2-bath unit w/896 sf in the 85015 zip code. Residents benefit from a professionally managed HOA that handles the exterior maintenance, roof repairs, sewer service, trash collection and common area maintenance. Inquire within for the ''Offering Memorandum''. OWNER CARRY!

1718 E Campbell Avenue Unit Multi#, Phoenix
$3,400,000
7030825 MLS
Melrose on 5th is a 12-unit multifamily community located in the highly sought after Melrose District. Originally built in 1961, the asset went through extensive repositioning in 2016 and features a rare mix of (12) 3-bedroom, 2-bathroom floor plans measuring approximately 1,200 square feet each. Unit interiors are all upgraded and feature washer/dryers, fully equipped kitchens with dishwashers and built-in microwaves, stainless steel appliances, faux vinyl wood flooring, and modernized bathrooms. Exterior amenities include gated access entry ways, charcoal barbeque grills, resort-style swimming pool, covered parking, and low maintenance desert landscaping. Great opportunity opportunity to acquire a well-maintained, renovated asset within one of Phoenix's strongest urban infill corridors.

3611 N 5th Avenue, Phoenix
$625,000
7030749 MLS
Investor special with strong upside potential! This triplex was previously a 4-plex and could be converted back. Two of the units are in need of repairs and some updating, but offers an excellent opportunity for investors, flippers, or buyers looking to add value. The property is on a corner lot with a 4 bedroom/2 bath unit which has been remodeled and updated with stainless steel appliances, updated countertops and laminate wood floor. Two additional units with 2 bedrooms/1 bath. Tons of room for parking and enormous back yard.with a shed. Security cameras are included on each unit. Also includes leased solar panels. Some deferred maintenance throughout -- being sold as-is. Great chance to rehab and increase rents. No HOA! Seller willing to payoff solar panels with the right offer!

10226 N 15th Avenue, Phoenix
$1,199,500
7030100 MLS
Discover modern living in this stunning newly built two-story duplex located in the desirable Camelback East neighborhood. This exceptional duplex home features three spacious bedrooms with expansive walk-in closets and two and a half elegant bathrooms showcasing high-end finishes on each unit. The open-concept layout seamlessly connects the gourmet kitchen to the living areas, perfect for entertaining guests or family gatherings. Step outside to a large backyard ready for your personal design, offering endless possibilities for landscaping and outdoor enjoyment. Built with top-tier materials and meticulous craftsmanship, this duplex also includes a convenient garage per unit for added accessibility and security. Don't miss the chance to make this beautiful space your own!

920 E Pasadena Avenue, Phoenix
$575,000
7030068 MLS
Established rent by room tri-plex with over 6 years of history. Strong income track record with $75,000-$79,000 annual rents. Financials available upon request. Recent capital improvements include 1 new AC unit & new 400 Amp electric panel. Unit 102 had new kitchen cabinets installed in 2020, new hall bath tub and tile. Unit 101 configured as a 3 bedroom 1 bathroom, unit 102 4 bedroom 2 bathroom, unit 201 - 3 bedroom 2 bathroom. 2025 Financials are attached in the documents tab

2755 E Atlanta Avenue, Phoenix
$575,000
7029468 MLS
Discover this rare gem--a fully remodeled duplex with 2 detached homes, offering both comfort and exceptional investment potential! Conveniently located along the SR 51 corridor, this property is just 6 minutes from the airport and 10 minutes from Downtown Phoenix, nestled in the reviving east Coronado neighborhood. With a combined 2,285 square feet, this property includes: A spacious 4-bedroom, 2-bathroom main house (1,570 sqft). A 2-bedroom, 1-bathroom guest house (715 sqft) featuring its own kitchen, laundry hook ups, and private entryway--perfect for Airbnb or long-term rental.

1934 E Monte Vista Road, Phoenix
$719,000
7029061 MLS
Turnkey Furnished Phoenix Duplex | Proven Income-Producing Investment | No HOA Opportunity meets flexibility at 4201 E Almeria Rd, a fully furnished duplex already operating as a successful short-term rental with an impressive 4.79-star guest rating and 94.4% five-star reviews. Whether you're expanding your investment portfolio, looking for a house-hack opportunity, or seeking a property that can generate income from day one, this one is ready to perform. The property features two separate residences, including a 2-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit, currently configured for room-by-room rentals to maximize income potential. Continue the existing short-term rental model or adapt it for Airbnb, VRBO, corporate housing, traveling medical professionals, seasonal visitors, mid-term rentals, or traditional long-term tenants. Sold fully furnished, the property includes all furniture, appliances, refrigerators, washers, dryers, and household essentials, making for a seamless transition with minimal startup costs. Major capital improvements provide additional peace of mind, including Unit 1 HVAC (2021), Unit 2 HVAC (2022), Unit 1 water heater (2023), Unit 2 water heater (2021), along with additional interior updates and light remodeling throughout. Location is another standout feature. Situated just minutes from Phoenix Sky Harbor International Airport, Downtown Phoenix, Old Town Scottsdale, Tempe, Arizona State University, major hospitals, business corridors, Cactus League Spring Training, entertainment, shopping, dining, golf, and convenient freeway access, this property consistently appeals to both business and leisure travelers. With no HOA, proven rental history, flexible income strategies, and a location that remains in demand year-round, this is a rare opportunity for investors, owner-occupants, or multi-generational living. Continue operating as a successful furnished rental or tailor it to your investment goals--the choice is yours.

4201 E Almeria Road Unit 1, Phoenix
$519,999
7026854 MLS
Back and better than ever with a brand-new roof and major upgrades throughout! Welcome to 2828 E Chipman Rd in Phoenix -- a rare duplex opportunity offering updated living space and excellent investment potential. The front unit spans approximately 1,700 square feet and has been recently remodeled with 3 bedrooms, 2 bathrooms, a stunning new kitchen with modern finishes, fresh carpet throughout, and a spacious, move-in-ready layout. The AC unit was replaced in 2021 for added peace of mind. The back unit offers approximately 1,000 square feet with 2 bedrooms and 1 bathroom, making it ideal for rental income, multigenerational living, or additional flexibility. Whether you are looking to live in one unit while leasing the other or searching for a turnkey investment property, this duplex offers exceptional versatility and value. Located in Phoenix's desirable South Mountain area, the property provides easy access to I-10 and Loop 202, making commuting throughout the Valley simple and convenient. Just minutes from Downtown Phoenix, residents can enjoy nearby dining, entertainment, and cultural attractions, including Papago Park, the Phoenix Zoo, Desert Botanical Garden, Heritage Square, the Rosson House Museum, and the Arizona Science Center.

2828 E Chipman Road, Phoenix
$529,000
7026645 MLS
MOTIVATED SELLER Nice 4-plex with great upside income potential. Mix of 2 1 bed and 2 2bed units each with separate backyard area for privacy. All 4 units currently rented with long term tenants and each are on month to month leases. Storage room partially converted to studio unit and may be able to provide additional income producing unit. Tenant occupied property, Drive by only, PLEASE DO NOT CONTACT OR DISTURB THE TENANTS REGARDING SALE OF THE PROPERTY.

11231 N 18th Drive, Phoenix
$1,109,999
7025359 MLS
Discover a prime investment opportunity in strong central Phoenix with this fully occupied 8-unit multifamily complex generating consistent cash flow from day one. This exceptional property comprises three spacious 1-bedroom, 1-bathroom units and five efficient studio units, perfectly positioned to capitalize on the area's high demand for affordable rentals where vacancies remain rare. Each unit features its own electrical sub-panel for independent metering and billing. While all three 1-bedroom units boast in-unit washer/dryers for premium tenant appeal, and studios share a convenient on-site laundry facility. The property is fully fenced with one dedicated parking spot per unit, creating a secure and organized community. Major systems including plumbing, electrical, and HVAC were professionally upgraded in 2021, ensuring reliability and minimal maintenance concerns for years to come. The property is well-maintained with regular upkeep including fresh paint and timely repairs. With its R-5 zoning allowing for maximum density in multifamily development, this property presents significant future redevelopment possibilities for investors seeking long-term upside potential. Located strategically near Downtown Phoenix, the Central Avenue light rail extension, and with easy access to I-10 and I-17, residents enjoy quick commutes to key employment corridors and major transit routes. Beyond the stable current income, this is a true value-add opportunity--the large lot provides room for expansion, and there's strong potential to increase returns by replacing flooring and installing washer/dryers in the remaining studio units, or utilizing the huge courtyard for income-producing amenities like vending machines. This combines built-in stability with substantial upside for an investor ready to maximize returns. DRIVE-BY ONLY; please do not disturb tenants. Walkthroughs available only with accepted offers. Buyer to verify all information.

909 S 35th Avenue, Phoenix
$481,000
7025341 MLS
Welcome to an outstanding investment opportunity in desirable South Phoenix! This beautifully renovated duplex offers the perfect blend of strong cash flow, modern finishes, and strategic location--plus the flexibility to build equity while living rent-free. With two identical side-by-side units currently generating $3,520 in gross monthly rent, this turnkey property delivers immediate returns with minimal landlord involvement, or pursue a smart owner-occupancy strategy by living in one unit while rental income from the other covers your mortgage. Each spacious 2-bed, 1-bath unit features elegant, high-quality finishes throughout with updated kitchens showcasing white Shaker cabinetry, granite countertops, stainless steel appliances, and recessed lighting that creates a bright, modern aesthetic. Full bathrooms impress with new tiled showers, updated vanities, and contemporary fixtures. Open-concept living areas flow seamlessly, complemented by abundant natural light and new dual-pane windows that let in Arizona's beautiful weather year-round. This property is essentially brand new inside and out with a brand-new roof, new HVAC systems, and freshly updated plumbing and electrical throughout--completed in 2019-2021. The combination of structural integrity and modern efficiency means minimal maintenance concerns for years to come. Each unit boasts private front and backyards--a rare find in the duplex market. The huge fenced back area with convenient gates offers ample space for RV or boat storage, entertaining, or simply enjoying Arizona's stunning sunsets. Separately metered electric and water (yes for water as well) for each unit mean transparent billing and simplified tenant management, while low-maintenance front landscaping keeps curb appeal high without the headache. Current leases expire 12/31/2026 and 11/30/2026, providing excellent timing to implement your desired strategy--whether that's maintaining strong investor cash flow or transitioning to owner-occupancy with flexible rental options. Just minutes from Sky Harbor International Airport and downtown Phoenix, this neighborhood offers unbeatable convenience and is experiencing significant growth with new construction and exciting development projects nearby, positioning this as a strong value play. This is true turnkey real estate--fully occupied, fully renovated, fully metered with an attractive cap rate and low vacancy risk. Property is strictly drive-by; please do not disturb tenants. Walkthroughs available after contract acceptance. Don't miss this rare opportunity to acquire a premium duplex investment with immediate cash flow, modern finishes, location advantages, and the flexibility to customize your ownership strategy. Buyer to verify all facts and figures.

5206 S 11th Avenue, Phoenix
$650,000
7025032 MLS
Duplex featuring two units, each with 2 bedrooms and 1 bathroom. Both units are occupied.

3601 W Maricopa Street, Phoenix
$649,000
7024741 MLS
Exceptional investment opportunity in the desirable Arcadia/Osborn corridor! This beautifully renovated duplex features two separate 2 bed / 1 bath units, each currently operating as STR and offering excellent flexibility for short-term, long-term, or owner-occupant use. Both units are move-in ready with updated finishes, stainless steel appliances, open-concept living spaces, and wood-look LVP flooring throughout. Each residence includes its own private yard space, dedicated carport parking, and access to a shared laundry room--rare amenities that enhance tenant and guest appeal. A turnkey income-producing property in one of Phoenix's most sought-after central locations.

1809 N 42nd Street, Phoenix
$625,000
7023723 MLS
Amazing investment fourplex in North Phoenix! Premium corner building with no shared walls, and easy access to covered parking for tenants. Units consist of: four 2bed/2bath units. All units have a large square footage and modern layouts and all include washer/dryer hookups. Great rents that make it a no brainer for any investor. Monthly HOA dues INCLUDE: common area maintenance, landscaping, community pool, parking enforcement, and gated access.

2826 E Marconi Avenue, Phoenix
$949,000
7022517 MLS
Very charming and quiet mid-century apartment community in midtown Phoenix situated just north of the Phoenix country club features a garden style four-unit building and a beautiful two-bedroom home (separate listing) surrounding a lush green community courtyard! The apartment units have been meticulously upgraded with beautiful flooring, tiling, paint, appliances, ceiling fans and lighting. An array of improvements and enhancements on this stunning property have created an environment where tenants typically remain for a long time! Ideal set-up for someone who wants to reside in the mid-century home while renting the units out. Or perfect AirBnB! This one's truly a gem in a fantastic location near light rail, Biltmore and downtown!

3515 N 12th Street, Phoenix
$749,000
7022329 MLS
Experience modern living in this innovative 2024 duplex, crafted from high-quality shipping containers. This home is currently a short-term rental. Income docs are available. Its sleek industrial charm merges with contemporary aesthetics, boasting 3 bedrooms, 2.5 bathrooms, and 1442 sq ft per unit. Enjoy engineered wood floors, fully spray-insulated walls, and a spacious layout spread over two stories. The open-plan first floor seamlessly integrates the living area and kitchen, while upstairs, three generously sized bedrooms and two bathrooms are flooded with natural light. Outside, landscaped grounds offer ample space for Arizona outdoor living. This eco-friendly property pioneers sustainable design, offering a unique opportunity to embrace the future of residential living.

9624 N 16th Avenue, Phoenix
$625,000
7021967 MLS
Amazing investment fourplex in North Phoenix! Premium corner building with no shared walls, and easy access to covered parking for tenants. Units consist of: one 1bed/1bath unit, two 2bed/2bath units, and a 3bed/3bath unit. All units have a large square footage and modern layouts and all include washer/dryer hookups. Three units have ground level patios that open onto a large common area and three units also feature upper level balconies. Great rents that make it a no brainer for any investor. Monthly HOA dues INCLUDE: common area maintenance, landscaping, community pool, parking enforcement, and gated access.

2833 E Le Marche Avenue, Phoenix
$2,900,000
7021704 MLS
5 Casitas plus smaller laundry room. All recently updated and show great all 1 Bedroom, 1 Bath with Kitchenette SQ.FT. is 450-590 per unit. This sale includes adjoining lot with 2500 SQ FT main house MLS # 7021665 Almost 1 full acre between both lots. 4 Car Garage and another 1 car garage and 5 parking spots.

11 W Pasadena Avenue, Phoenix
$560,000
7021122 MLS
Great opportunity in Phoenix! This well-maintained 3-plex offers solid rental potential with a functional layout and ample on-site parking. Each unit features a comfortable floor plan with updated interiors, making it an attractive option for both tenants and investors. Units have been refreshed with modern finishes including wood-look flooring, neutral paint tones, updated kitchens with shaker cabinetry, and renovated bathrooms featuring stylish tile work and contemporary fixtures.

1215 E Mission Lane, Phoenix
$974,999
7020709 MLS
Huge opportunity to own a 4-plex investment property in a prime location! Situated in the rapidly growing and highly desirable central Phoenix area near the Downtown, Midtown, and Encanto Corridors, this is an exceptional opportunity for long-term wealth creation and strong rental demand. With no HOA fees, operating costs stay lower and returns stronger. The property features four well-maintained units, each offering 974 sq ft with 2 bedrooms and 2 bathrooms. One unit has been recently remodeled, with another currently undergoing renovations. Two units are currently leased below market rents, while two units are vacant during the remodel process, creating immediate upside potential. Strong value-add opportunity with projected rents of $1,450-$1,700 per month based on nearby comparable properties. Centrally located property just minutes from downtown phoenix with convenient freeway access and strong rental potential. Situated in an established neighborhood with a mix of resident and investment properties.

3422 N 12th Place, Phoenix

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.