$930,000

1321 N 48TH Place, Phoenix, AZ 85008

Multi-Family Home
Built in 1960
—— sqft lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

This high-yield, well-maintained fourplex in Phoenix is perfectly situated in a quiet cul-de-sac, just south of McDowell & 48th St. Featuring four 2-bedroom, 1-bathroom units, this turnkey property boasts durable block construction and ceramic tile flooring, along with several recent updates. With convenient access to major freeways, supermarket, stores, and located just across from elementary school, these units are highly desirable and in great demand. Units 1 and 2 have just been remodeled/ upgraded. Units 3 and 4 have long-term tenants. Roofing replaced in 2017. All water heaters are newer (2021-2025). Each unit has its own private patio as well as washer/dryer hook-ups. Separate storage room outside unit 4. Amazing 6.5% CAP (Pro forma)

Listing Status:: Active
Date Added:: February 24, 2026
Data Last Updated:: April 16, 2026 at 6:07AM
Listing Office:: HomeSmart : 602-230-7600
Listing Agent:: Monica Coker : 480-307-1815
MLS ID:: 6988566

Flooring: Ceramic Tile
A/C: Central AirCeiling Fan(s)ElectricHeat PumpIndividual
Heating: Electric

Parking: Off Street>1 Space Per UnitParking spaces: 5

Roofing: Composition
General: PaintedBlock

Road/Access: Asphalt
Originating MLS: Arizona Regional Multiple Listing Service 2
School District: Balsz Elementary District
County: Maricopa

Zoning: Multi-Family12513092A

Water: City Franchise
Sewer: Public Sewer

Source: Arizona Regional Multiple Listing Service 2

This listing courtesy of Monica Coker , HomeSmart

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Brunson - Lee Elementary School

1350 N 48th St, Phoenix, AZ, 85008

Grades KG-5

0.13 miles away

Pat Tillman Middle School

4309 E Belleview St, Phoenix, AZ, 85008

Grades 6-8

0.70 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.