Arizona Investment Properties-5 Units to 24 Units 

Multi Family Properties for Sale

Multi Family Investment Props

$950,000
6555185 MLS
TENANT OCCUPIED - DO NOT DISTURB TENANTS. Excellent opportunity to get this Property with over 15,000 Sq Ft of High Density Residential in Central Downtown Phoenix, Close to ASU Downtown, Light Rail, Downtown City Living. Currently has (3) Duplexes on Property. Rents are below market. All tenants are on a month to month.

1245 E Adams Street, Phoenix
$2,190,000
6561501 MLS
Rare investment opportunity to own 3 duplexes and 2 single-family homes near Downtown Mesa. All single-story slump block construction, individually metered for electricity and gas. All 3 duplexes consist of 2 bedroom, 1 bath units w/ private front/back yards, washer/dryer hookups. Each of the two houses are 3 bedrooms, 2 bath layouts w/attached garage, private front and back yards. Sale includes two parcels 138-09-060E and 138-09-059A (one single-family home on its own parcel). Substantial upgrades made throughout the property in recent years: 5 of the 6 duplex units have new A/Cs, 1 of the single family homes has a new A/C all w/transferrable warranties. 1 of the 2 single family homes has a new roof, replaced in 2022 w/ transferrable warranty.

1402 E Dana Avenue, Mesa
$2,400,000
6559290 MLS
Introducing an unparalleled opportunity to invest in a prime commercial real estate property located at the heart of vibrant Phoenix, Arizona. 120 W McDowell Rd offers an exceptional blend of accessibility, versatility, and dynamic potential for businesses looking to establish or expand their presence. The property's strategic location at the bustling heart of Phoenix gives it incomparable visibility and high footfall, crucial for businesses across sectors. It is conveniently positioned near the intersection of McDowell Rd and N Central Ave, making it easily accessible via major thoroughfares and public transit.In addition to its prime location, the property is surrounded by a diverse array of businesses, eateries, and retail establishments, enhancing its appeal for both employees and clients. The vibrant and bustling urban environment, combined with the iconic Phoenix backdrop, adds to the property's charm. Take advantage of Phoenix's growing economy and stake your claim at 120 W McDowell Rd. This location provides unparalleled potential for the discerning investor or savvy business owner. Make your mark in Phoenix's dynamic commercial landscape with this standout property! Please note that all interested buyers should conduct their due diligence regarding zoning, utilities, and all other aspects of this property.

120 W Mcdowell Road, Phoenix
$3,550,000
6560076 MLS
Palmaire is a Mid-Century Modern complex along the Camelback Corridor with spectacular landscaping. This 1960's complex has a total of 18 units spread out to perfection, a gorgeous community pool/ramada, large green areas, and covered parking. The package of 10 condos for sale have been remodeled. The open floor plans allow for great space to entertain or relax. There are three extremely large (Approx 905 SQ FT) 1 bed, 1 bath units, five 2 bed, 2 bath units and two 3 bed, 2 bath units. 2 units are currently furnished. All units feature stainless steel appliances with quartz/granite countertops, shaker-style cabinets, and beautiful flooring ranging from stained concrete to bamboo. Beautiful city park across the street at the end of the cul-de-sac (Walking distance). Easy access to the 51

1630 E Georgia Avenue, Phoenix
$2,399,000
6559486 MLS
INCREIDIBLE INVESTMENT OPPORTUNITY!!!!Located close to the Heart of Downtown, the value resides in the land and it's Potential!!!Zoned R2 Minimum Extremely desirable location, walking distance to many shops and Restaurants, this property includes 5 structures addresses # 5421,5423 and 5427Parcels # ,113-45-051 ,113-45-047 and 113-45-048 land together is 79,197 sqt almost 2 acres, everything is sold together, the price lies in the land joining the 3 parcels not on the houses, !!!Bring your development and building plans to this site., Property is equipped for any Developer with multiple investment opportunities ..

5421 S 4th Street S, Phoenix
$1,699,000
6558936 MLS
Seven at Fillmore is a seven unit apartment complex built in the early 1900s to late 1999. Has been updated been updated and remodeled in recent years. The property just had new electrical panels with permits and will be completed before close of escrow. Several of units are currently furnished and being used as short term rentals. Unit mix (2 )two bedroom (1 )bath units three one bedroom ( 1) bath units and (2) studios. On site laundry that is seller owned. With short term rentals proforma can be close to a 7% cap. Currently rent roll Unit #1 2500 short term furnished 2 bed #2 3200 furnished lease July 2023 1 bed #3 2500 furnished short term 1 bed #4 900 month to month studio

1527 W Fillmore 1-7 Street, Phoenix
$1,325,000
6556886 MLS
Built in 1949, this recently renovated 6 unit apartment community presents a unique opportunity to acquire a stabilized asset located in one of Phoenix's strongest performing submarkets. Consisting of (6) 2 bedroom, 1 bathroom floor plans, this property features updated interiors and exterior, new appliances, and modern finishes throughout, which will reduce the need for immediate capital expenditures and minimize ongoing maintenance costs. Future ownership will also be able to capitalize on strong in-place rents averaging$1,661 per unit per month. Located near the I-17 and I-10 freeways, this centralized location provides tenants easy access to many upscale shopping, dining, and entertainment options, including vibrant hubs such as Downtown Phoenix, Encanto Park, and the Melrose District

1402-1406 W Whitton Avenue, Phoenix
$549,900
6556196 MLS
Fully renovated and leased duplex on an R-5 lot that grosses $36,000 per year in rental income. Both units are two bedroom and one bath. There are 2 separate buildings each with wood fenced yards and laundry. Each unit has new HVAC, vinyl wood floors, Spanish tile showers, new plumbing/electric, new water heaters, new roofing, R-38 insulation, new windows, quartz counters, stainless steel appliances, and fresh paint inside and out. Professionally managed with one year leases and deposits on file. Tenants pay their own electric. Seller is also selling property next door MLS 6556185.

8842 N 2nd Way, Phoenix
$2,750,000
6555854 MLS
Upgraded Newer construction townhomes in a convenient Central Phoenix location! High end finishes throughout this wonderful open floorplan !Large kitchen with quartz countertops, stainless steel appliances and lots of cabinets! Large sliding door leads to the backyard patio area! Huge primary bedroom with sitting area and balcony. Gorgeous primary bath with large shower & quartz counters counters. The additional bedrooms are good sized and feature a large hall bath . Upgraded wood tile throughout plus an extra half bath! Nice size two car garage!

4422 N 14th Street Unit #9, Phoenix
$2,000,000
6555656 MLS
The vintage 1950's architecture, and mature palm trees give the exterior of this amazing investment opportunity a mid-century vibe. This 11-unit apartment complex provides one, two bedroom; six, one bedroom; and four studio units perfectly located in the heart of Wickenburg!!. No stairs! All units are conveniently ground level and some units have their own private and fenced backyards. Common areas include a laundry room, covered patio with seating, large palo verde shade trees, and lawn space. Currently used as long term rentals but add some furniture and you now have excellent short-term vacation rentals with a potential for even bigger returns. The expansive, 16-space parking lot provides plenty of parking for tenants and visitors alike. Don't miss out! Schedule a showing today!!

741 W Wickenburg Way, Wickenburg
$680,000
6552702 MLS
Are you seeking an investment opportunity that generates passive income? Look no further than this exceptional Behavioral Health Facility. With a current cap rate of 6.8%, this property is licensed for up to five residents, and represents a rare opportunity for savvy investors.The owner pays all HOA fees, property taxes, and home insurance, Additionally, this property is currently leased for 5 years, with an annual rental increase of $200 per month, providing a steady stream of income.If you're looking for a smart, low-maintenance investment with significant upside potential, this Behavioral Health Facility is a must-see. Don't miss out on this rare chance to generate passive income

7137 S 68th Glen, Laveen
$3,500,000
6551991 MLS
314 W Roosevelt Street is incredibly charming, originally built in 1913 and undergoing a modernization in the late 90's that included all new plumbing/sewer lines, electrical (inc. in-unit sub panels), all new roof trusses and more. A/C units have been replaced as necessary with roof and exterior stucco replaced in 2011. It features (12) 1-Bed / 1-Bath units with (3) different floor plans averaging ~635 sf per unit. The community features an on-site laundry facility, plenty of parking, a community terrace and a variety of additional storage space. This is a rare opportunity that features a double lot, the property sits on half an acre and has the ability to build additional units. The interior finishes are in clean value-add condition. PLEASE DO NOT DISTURB TENANTS, DRIVE BY ONLY!

314 W Roosevelt Street, Phoenix
$399,000
6551602 MLS
A UNIQUE OPPORTUNITY FOR MULTIFAMILY BUILDERS AND INVESTORS. Lot is located in a growing area of Phoenix, directly across the street from Gateway Elementary School, Rezoned to R-4 and ready to apply for building permits. Zoning approved for 8-unit apartment building, or you can file a condo plat to build 8 condominiums. This is a rare opportunity to jump on a project that is small enough for a beginner and large enough for a seasoned builder. To learn more about the project and see further details please visit www.1234n35th.com

1234 N 35th Street, Phoenix
$2,560,000
6551334 MLS
16-unit apartment community located at 1703 West Mountain View Road in Phoenix, AZ. Situated in the sought-after Mountain View Acres subdivision of Phoenix. Constructed in 1982, the building features (8) 1-bedroom / 1-bathroom and (8) 2-bedroom / 1-bathroom units. The asset includes (3) fully renovated units and (13) classic units with potential for upgrades. The apartment community provides parking for each unit and on-site laundry facilities. The location is minutes away from North Mountain, known for its numerous hiking trails, and within walking distance of the Arizona Canal Trail. Moreover, Mountain View Apartments is also conveniently located close to the I-17 Highway and is within biking distance to the 19th Avenue and Dunlap light rail station.

1703 W Mountain View Road, Phoenix
$1,750,000
6551016 MLS
Every interior has been renovated with all new appliances and section 8 tenants in place. Shared laundry with new washer/dryers by tenants. RUBS in place per unit for power costs. Gas is onsite and there are six shared water heaters. Units 1-4 share the green space and every unit has a patio and/or yard space. Owner has onsite storage for maintenance items. Proforma rents for the last three while one is being completed and the others are being filled with section 8 tenants. All facts and figures are approximate buyer verify MLS information. Drive by only.

1802 W Vogel Avenue, Phoenix
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