4401 N 21st Street, Phoenix, AZ 85016

Property Description

Turney Villas is a centrally located multifamily investment opportunity consisting of a 16-unit apartment made up of mostly two bedroom/one bath units, and two separate houses. All units, except the one bedroom/one bath have a fenced in back or front yard. Most of the units have coated cement floors. There is both covered and uncovered parking available to the tenants, with ample street parking in front of the complex. The building was completely remodeled when the current owner purchased it. The Kitchen is good sized which opens to the dining and living rooms. There is a washer/dryer in each unit. They are very nice units which gives the tenants a very comfortable feeling. This Listing consists of 4 separate parcels that all have to be purchased together. Turney Villas is a centrally located multifamily investment opportunity consisting of a 16-unit apartment made up of mostly two bedroom/one bath units, and two separate houses. All units, except the one bedroom/one bath have a fenced in back or front yard. Most of the units have coated cement floors. There is both covered and uncovered parking available to the tenants, with ample street parking in front of the complex. The building was completely remodeled when the current owner purchased it. The Kitchen is good sized which opens to the dining and living rooms. There is a washer/dryer in each unit. They are very nice units which gives the tenants a very comfortable feeling. The property was previously rezoned to R4A with prior approval for up to 54 multifamily units across a 4-story configuration, providing investors with future density and redevelopment optionality. Location Description: Located within the highly desirable Biltmore and Midtown Phoenix corridor, Turney Villas benefits from strong connectivity to major employment centers, retail, entertainment, and transportation corridors. The property is very close to the AZ-51, which connects you into the 101, 202 and 10 freeways. You are close to Arcadia, Scottsdale, and the Camelback Corridor. This area is experiencing population growth, employment expansion, and limited infill housing supplies which keep up strong multifamily demand. This also sets up exceptional opportunity for future development.

Listing Status:

Active

Date Added:

June 1, 2026

Data Last Updated:

June 16, 2026 at 1:06AM

Listing Office:

Coldwell Banker Commercial Realty : 630-674-1600

Listing Agent:

Terry J Kass : 602-703-5277

MLS ID:

7041244

Interior

• Flooring: VinylConcrete
• A/C: Heat Pump
• Heating: Heat Pump

Exterior

• Parking: Add'l Parking Avail>1 Space Per UnitParking spaces: 24

Construction

• Roofing: Composition
• General: PaintedBlock

Location

• Road/Access: Concrete
• Originating MLS: Arizona Regional Multiple Listing Service 2
• School District: Madison Elementary District
• County: Maricopa

Lot

• Zoning: R4-A16331012

Utilities

• Water: City Franchise
• Sewer: Public Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2