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$569,000
7050097 MLS
Turn-Key Investment opportunity in the heart of Mesa! This well-maintained 3-Plex sits in the established Ko Ko Palms neighborhood, built in 1971 and cash-flowing for decades, the kind of long-held, low-turnover asset that's hard to find on the market. Two of the three units carry long-term tenants who've called this property home for over a decade, and the third unit is now vacant, giving a new owner the rare chance to step in and set a fresh, market-rate lease from day one. All three units are 2 bedroom, 1 bath with separate meters for electricity, gas, and trash. Tenants cover their own utilities, keeping operating costs lean for ownership. Unit A (the largest of the three) is home to a 14-year tenant at $1,200/mo, with two covered parking spots side by side in the rear, a private front yard and a large storage unit with washer/dryer hookups. Unit B has been home to a 10-year tenant at $1,100/mo, with one covered parking spot in the rear and two storage units, one with washer/dryer hookups. Unit C is now vacant and move-in ready. Covered parking in the rear ,two storage units, one with washer/dryer hookups, positioned for a new owner to bring in a tenant at today's market rent and boost the property's overall return right out of the gate. Ownership responsibilities are refreshingly simple: landlord covers water only (approx. $150/mo) and a monthly landscaper ($100/mo). Everything else is on the tenants. With two proven, long-term income streams already in place and one unit primed for upside, this is a rare combination of stability and immediate value-add potential in a proven Mesa location. Don't miss it!

536 N Hall --, Mesa
$389,900
7050052 MLS
Excellent investment opportunity for an investor or owner occupant/house hacker! Well maintained block duplex featuring two 2 bed/1 bath units with instant cash flow from reliable long-term tenants. Current leases are both month-to-month, offering flexibility for a new owner, while both tenants want to stay and are willing to sign longer term leases. Great value-add opportunity with Unit 1 fully remodeled in 2023 and Unit 2 offering upside through future renovation. Major updates include roof (2018), upgraded dual-pane windows (2023), underground plumbing/main sewer line replaced (2025), updated landscaping (2025), and Unit 1 interior remodel (2023). Both units have central HVAC & washer dryer hookups. Minutes from Downtown Phoenix, Sky Harbor, Biltmore, Arcadia Lite, and major freeways.

2730 E Willetta Street, Phoenix
$653,900
7048918 MLS
Live in the middle of everything while enjoying the character and charm that make Central Phoenix so special. Located in the highly sought-after Pierson Place Historic District, this unique property offers a rare combination of timeless architecture, modern updates, and flexible living space. The main home features original hardwood flooring, a newer roof, newer HVAC system, and the distinctive character that historic home enthusiasts appreciate. Outside, the irrigated lot provides mature landscaping and a private backyard retreat complete with a diving pool. A detached casita with approximately 318 square feet on the main level plus a finished upper level creates endless possibilities for rental guests, a home office, creative studio, fitness space, AIR BNB, or multi-generational living. A partial basement adds even more flexibility and storage rarely found in Phoenix homes. Just minutes from Uptown Plaza, the Melrose District, Downtown Phoenix, the Camelback Corridor, local restaurants, coffee shops, and entertainment, this is an opportunity to own a piece of Phoenix history in one of the city's most desirable central neighborhoods.

539 W Mariposa Street, Phoenix
$4,000,000
7048772 MLS
20% PRICE REDUCTION. Originally developed in 1960, the property's unit mix features a desirable blend of one studio (±4%) and spacious one-bedroom (±35%) and two-bedroom (±61%) floorplans covering an average of ±728 square feet. Future ownership will have the opportunity to implement an interior renovation program to upgrade the remaining classic units and capitalize on the associated interior renovation premium already proven in the immediate area.

1412 N 35th Street, Phoenix
$1,395,000
7048694 MLS
1144 E Yuma St is a 14-unit multifamily property in Phoenix's Central City South neighborhood, built in 1942 and positioned as a value-add opportunity with substantial lease-up potential due to its current low occupancy. The unit mix of studios, one-bedroom units, and a single two-bedroom unit is well suited to the area's workforce renter base, and the property benefits from individually metered utilities. Its location near Downtown Phoenix, Sky Harbor Airport, major freeways, light rail access, and ongoing transit-oriented development supports its appeal to tenants seeking convenience and access to major employment centers.

1144 E Yuma Street E Unit 1-14, Phoenix
$600,000
7048471 MLS
Exceptional value-add opportunity in the heart of Phoenix. Situated on an expansive 14,000 SF lot, this 5-unit multifamily property offers tremendous potential for investors, developers, and owner-operators seeking their next repositioning project. The property requires substantial renovation, creating a true blank canvas for value-add improvements, redevelopment, or adaptive reuse potential. Whether your strategy is long-term hold, multifamily investment, workforce housing, or reimagining the site for its highest and best use, this asset offers exceptional flexibility. Ideally located just minutes from Downtown Phoenix and the Arizona State Capitol, with convenient access to I-10, I-17, Sky Harbor International Airport, the Phoenix Bioscience Core, ASU's Downtown Campus, and the city's major sports and entertainment venues. Positioned within an evolving urban corridor experiencing continued public and private investment, this rare large-lot property combines location, density, and long-term upside. Investment opportunities with this combination of size, proximity to the urban core, and repositioning potential are becoming increasingly difficult to find. Bring your vision and unlock the possibilities.

2021 W Washington Street, Phoenix
$463,000
7047873 MLS
Conveniently located across from the newly renovated Mesa Temple, this duplex has one bedroom/one bath in front and back each with their own fenced private yard. Ample parking with a drive way, carport and street parking. Well established tenants for three years would like to stay. *Drive by only. Do not disturb tenants! No viewing until accepted contract. All facts and figures are approximate and must be verified by buyer.

216 S Hobson --, Mesa
$995,950
7047702 MLS
Investor alert in the heart of Chandler! Well-maintained single-level 4-plex offering a strong opportunity to live in one unit and rent the others, or add a fully leased income property to your portfolio. Each unit is approx. 750 sq ft, unfurnished, with month-to-month tenants and deposits around $1,000. Current rents: Unit 1 $1,485, Unit 2 $1,485, Unit 3 $1,488, Unit 4 $1,475. Each unit includes private storage, plus an additional utility/storage room with laundry setup not currently in use. Owner pays water, sewer, trash and utility/storage room electric; tenants pay their own electric. Close to Alma School dining, shopping and easy access to the 202 and 60 freeways. Photos shown are of Unit 4. Floor plan and virtual tour available online to preview without disturbing tenants. Rare find

1415 N Pleasant Drive, Chandler
$425,000
7047471 MLS
DUPLEX property on MF zoned quarter acres of land. Great investment for income or multigenerational living in private apartment. GREAT potential for first time investor to live in one unit and rent out the other to cover your mortgage. FHA financing appears to be available (subject to verification / approval). You can also utilize local/state down payment and closing cost assistance programs. Owner is installing new cabinets, new flooring, new electrical panel, new paint, new bath fixtures, new plumbing fixtures for worry free rental property or your new home with income potential or family living next door. HUD FMR rents for Section 8 are per unit. Owner is general contractor and can customize or add additional units to make it two 3/2 units for additional cost.

14301 N 4th Avenue, El Mirage
$384,999
7047080 MLS
Turnkey duplex with strong cash-flow potential! Whether you're looking for a long-term rental, short-term rental, or house-hack opportunity, this fully renovated duplex is ready to generate income from day one. Ideally located in the heart of Phoenix with convenient access to Downtown, major freeways, restaurants, shopping, parks, and entertainment, this property offers excellent rental appeal. Extensive upgrades include a newer roof with Low-E thermal insulation, less than one-year-old A/C units, and blown-in R-30 fiberglass insulation. Situated on a large lot, the property may offer future expansion potential, including the opportunity to explore adding two additional units, subject to zoning, permits, and City approval. This move-in-ready duplex is a low-maintenance investment.

2314 E Garfield Street, Phoenix
$1,900,000
7046624 MLS
Fully occupied! All single level units inside a gated community, mix of one bedroom units (9) and two bedroom units (2). Newly updated kitchen with stainless appliances, double-door refrigerators, granite countertops. Full-size washer and dryer inside each unit! Concrete floors, double-pane windows, ceiling fans in each room, enough covered and uncovered parking. Incredible central location, 15 minutes in any direction to Scottsdale, Tempe, or Downtown Phoenix. Each unit has separate electrical meter, water/sewer is paid under one account. Two trailers along with tools inside are included in the sale as bonus!

2302 N 36th Street Unit OFC, Phoenix
$750,000
7046255 MLS
Great opportunity to own within a community that very rarely has a building available! 4 Studio units with wall unit AC, Refrigerators and Stoves. Well cared for and maintained by this owner. This building is the southern most on the east side of the street, offering privacy for the occupants and ease of parking access from both the north and south side of the alleyway. Very low vacancy rate with such close access to ASU, downtown Tempe and the light rail.

1033 S Mariana Street, Tempe
$1,150,000
7046030 MLS
Opportunity to own a fully attached fourplex in South Scottsdale, minutes from Old Town Scottsdale, Scottsdale Fashion Square, dining, entertainment, golf, and major employment centers. Located in a mixed-use corridor surrounded by established commercial, retail, restaurants, and services, offering strong visibility and long-term growth. All units share the same floor plan and square footage. Current owner combined two units to create a personal studio space and uses remaining units for personal use. Seller is willing to reinstall the separating wall prior to closing, restoring the property to its original four-unit configuration. Near Loop 101, this property offers strong rental income potential and long-term appreciation in one of Scottsdale's most desirable locations.

6722 E Avalon Drive, Scottsdale
$3,340,000
7045894 MLS
Built in 1967 and renovated in 2019, Villa Siena is entirely comprised of two-bedroom, one-bathroom floorplans. The clean, modernized interiors have been renovated with stainless steel appliances, quartz countertops, new shaker cabinets, wood-style vinyl flooring, and in-suite individual washers and dryers. Each unit also features a spacious private backyard and two tandem covered parking spots offering each resident direct access to their adjacent unit. Future ownership has the opportunity of capitalizing on the ability to acquire a turn-key asset in a top-tier location at a basis significantly lower than the relevant comp-set. 14-units | All include private back yards, in-suite laundry and direct access tandem covered carports.

3141 N 37th St Street, Phoenix
$370,000
7045588 MLS
A unique investment opportunity in the heart of Mesa! This versatile property features two separate homes on one lot, offering a total of 6 bedrooms, 2 bathrooms, and approximately 1,784 square feet of living space. Ideal for investors, multi-generational living, or owner-occupants seeking rental income, this property combines flexibility and value. Front house occupied at $1300/mo . Back House occupied at $1000/mo. Buyer to verify all listing information, including schools.

630 S Grand Street, Mesa
$749,999
7045584 MLS
Investment Opportunity! Turnkey 4-plex generating strong rental income in a highly desirable Mesa location. This fully occupied multifamily property features four 2-bedroom, 1-bath units, each approximately 867 square feet. Current rents provide immediate cash flow with additional upside potential through future rent growth and value-add improvements. Two units have been updated, while the remaining units offer opportunities to increase returns. Property features individually metered units, granite countertops in select units, and a newer A/C unit. Conveniently located near shopping, dining, schools, and major freeways, this asset is ideal for investors seeking stable income and long-term appreciation. Add this cash-flowing property to your portfolio today!

1861 N Spring --, Mesa
$999,000
7045461 MLS
Mountain View 8 Units consists of six one-bedroom/one-bathroom units and two studio units, offering investors a strong cash-flowing multifamily opportunity in North Central Phoenix. Built in 1987, the property features two-story wood-frame construction with a flat roof. Recent capital improvements include new mini-split HVAC systems in all units and various interior upgrades. The property is 100% occupied and generates $8,325 per month ($99,900 annually) in gross rental income. Investors can benefit from immediate cash flow with additional upside through light cosmetic improvements and rental growth. The parcel located directly in front of the property is also included in the sale, providing added value and future potential.

9648 N 12th Avenue, Phoenix
$850,000
7045330 MLS
204 E Hatcher Road presents a rare opportunity to acquire a well-maintained duplex in a strong North Central Phoenix location. Built in 2006, the property features two spacious 3-bed/2.5-bath units averaging approximately 1,788 square feet each, offering the feel of a single-family home with the convenience of rental living. Currently occupied by strong government-subsidized tenants paying $2,772 per month, each unit includes an attached two-car garage, private backyard, in-unit washer & dryer, and individually metered utilities, including water. Located in a desirable pocket of Sunnyslope near North Mountain Park & Preserve, HonorHealth John C. Lincoln Medical Center, shopping, dining, & major employment corridors, the property offers strong appeal for both investors and owner-occupants.

204 E Hatcher Road, Phoenix
$2,020,000
7044366 MLS
Rare opportunity to acquire a 4-unit portfolio within a boutique 7-unit townhome community in a highly desirable Central Phoenix location. Built in 2016, these well-maintained 3-bedroom, 3-bathroom townhomes feature open-concept floor plans, attached two-car garages, and private outdoor living spaces. The property offers stable cash flow, low-maintenance ownership, and future flexibility through individual unit sales. Recent improvements include new roofing, exterior paint, landscaping, and other select upgrades, creating a turnkey investment opportunity with strong rental performance and minimal deferred maintenance.

3010 N 37th St Street, Phoenix
$999,000
7044182 MLS
Excellent four-unit multifamily investment property in the Phoenix metro area, minutes from Downtown Phoenix and the Sports Center. Updated in 2022, this well-maintained complex offers strong cash-flow potential with estimated annual income of approximately $50,000. Features include four spacious units with separate bedrooms (no studios), tile flooring throughout, in-unit laundry, and all appliances included, including refrigerators, washers, and dryers. Each unit has dedicated storage and assigned parking. Additional highlights include security doors and windows, privacy fencing, no HOA, Phoenix city tax municipality, and eligibility for subsidized housing programs. A low-maintenance, turnkey investment opportunity in a desirable location.

1438 E Adams Street, Phoenix
$410,000
7043483 MLS
Two units. One long-term tenant already in place. One vacant. Move in or rent it out. Block construction. LVL throughout. This isn't a traditional duplex where you hear your tenant sneeze. It lives like two houses on one lot. Mirror-image floor plans. One bed, one bath, kitchen, nook, oversized private backyard. Covered parking plus extra spots per unit. Separate entrances, separate fenced yards, separate meters. Tenant covers electric and landscape. The setup does the work. The location seals it. Downtown Mesa, light rail, ASU.

449 N Drew Street E, Mesa
$837,500
7043382 MLS
An outstanding 4-PLEX in a fantastic location. All units are remodeled with high-end finishes, all new stainless steel appliances, new kitchens with granite counter tops, new bath with granite counter, new flooring, new roofs and new exterior paint. New parking slab with 4 tenant spots.

6544 N 59th Drive, Glendale
$799,000
7043196 MLS
Step into a century of character ! A Live -Work -Play opportunity in Midtown Phoenix with proven income stream. 2 homes on 1 lot! Multi Generational Living or Student off campus housing - so many options! Built in 1920, this rare International Modern-style residence is one of Phoenix's most compelling live-work-invest opportunities. Nestled in the historic Longview neighborhood adjacent to the storied Idylwild Historic District and the Historic Phoenix Country Club Golf Course. The property is currently operating as a successful short-term and corporate rental, consistently booked by convention-goers and business travelers drawn to Downtown Phoenix year-round. The main house offers 3-bedrooms and 2-bathrooms with a loft (loft is only room on 2nd level) and has been thoughtfully updated while honoring its historic roots. Soaring vaulted ceilings in the great room draw the eye to dramatic skylights that flood the space with natural light, while a striking spiral iron staircase ascends to an open loft - the kind of feature guests photograph and rave about in reviews. The upgraded kitchen leans fully into the industrial aesthetic with an oversized island and breakfast bar. Updated SS appliances, vent hood and modern tile design embellish the walls with open shelving to display your prized serve ware! down the hall, the primary suite features a spanish inspired tiled bathroom with dual vanity, custom tiled shower with glass enclosure and a custom closet organizer. Pay attention to the details- wood panel trim, fun lighting, ceiling fans and an electric wall fireplace to set the ambiance and warm the room! The casita is a game changer! The former 5-car garage was reimagined in 2023 into a polished 2-bedroom, 1-bath casita complete with a spacious living area, oversized kitchenette with island, and in-unit laundry- everything a corporate guest needs for an extended stay. Its private entrance and front patio make it completely independent from the main house. A generous adjacent storage room is already primed for conversion to a 1-car garage -- just add the door. You could live in the casita and rent the main house or rent the casita as side income- or maybe you have extended family, in laws quarters, student housing- the possibilities are endless! The backyard delivers the kind of wow factor that earns five-star reviews. A versatile bonus structure -- game room, she-shed, or private lounge -- features barn-door windows, a built-in bar, true indoor/ outdoor feel, dedicated A/C wall unit, and full electrical. Open it up for a festive indoor-outdoor flow or close it down for a private retreat. The covered patio ties it all together for seamless alfresco entertaining that guests will not forget. The outdoor pergola is complete with fan misting system and party lighting. Are you looking for that urban walkability? This property is walkable to public transit , restaurants and more! Surrounded by some of Phoenix's best dining, this address scores a 10 for urban living. Minutes to Downtown Phoenix's convention center and major corporate destinations, the property draws a consistent stream of professionals, event attendees, and extended-stay guests who return again and again. The adjacent Idylwild and prestigious Phoenix Country Club neighborhood and Crystal Towers Executive Condo complex adds to the area's historic prestige and curb appeal. This property practically runs itself. Its location is a short-term rental operator's dream -walkable to public transit, minutes from Downtown Phoenix's convention center, restaurants, and corporate hubs, and surrounded by the kind of historic charm that commands premium nightly rates. The main house and casita function as completely independent units, offering maximum scheduling flexibility: rent both simultaneously, live in one while renting the other, or continue the turnkey operation as-is. Vacancy is rarely a concern here. Hurry this one is a gem!

1058 E Whitton Avenue, Phoenix
$1,385,000
7043158 MLS
Extensively renovated 8-unit multifamily community located along the I-17 corridor in Central Phoenix. Originally constructed in 1958, the property recently underwent a comprehensive renovation program totaling more than $400,000 in capital improvements. Upgrades include replacement of all plumbing and the main sewer line, new electrical systems, a new roof, repaved asphalt, and fully renovated unit interiors, providing investors with a truly turnkey asset requiring minimal ongoing maintenance or near-term capital expenditures. The property features an attractive mix of studio, one-bedroom, and two-bedroom floorplans currently generating nearly $10,600 in gross monthly rental income, offering stable day-one cash flow with strong long-term upside. 7.82% cap rate on current financials.

2719 W Maryland Avenue, Phoenix
$714,800
7042693 MLS
Fantastic investment opportunity in the heart of Phoenix! This unique property features two detached homes on one oversized 10,000+ square foot lot, offering immediate cash flow and future upside. The front home offers 5 bedrooms and 2 bathrooms (rented for $3,200 per month), while the second home features 3 bedrooms and 2 bathrooms (rented for $2,161 per month). Both residences have been updated with modern finishes including upgraded kitchens, remodeled bathrooms, updated flooring, and contemporary fixtures. Currently generating strong rental income with both units occupied, this property is ideal for investors seeking a turnkey addition to their portfolio. Zoned R-2 with ample land remaining, the property offers potential for additional units or future redevelopment opportunities, subject to buyer verification. Additional highlights include block construction, covered parking, multiple uncovered parking spaces, separate living areas, and a central Phoenix location with convenient access to I-10, Sky Harbor Airport, Downtown Phoenix, employment centers, shopping, dining, and entertainment. Whether you're looking to expand your rental portfolio, house hack, or capitalize on future development potential, this income producing property offers exceptional flexibility and value.

1301 E Durango Street, Phoenix
$1,225,000
7042105 MLS
Built in 1986 of wood-frame and stucco construction, the property offers a unit mix of six (6) two-bedroom/one-bath units and one (1) two-bedroom/two-bath unit. Each unit is individually metered for electricity and features washer and dryer hookups, with select units offering private patios and additional storage space. The property also provides ample parking with nine (9) covered spaces and six (6) guest parking spaces. Major employers in close proximity include the Downtown Mesa ASU Campus, Banner Health, Mesa Riverview, Casino Arizona, Mesa Community College, and the East Valley Institute of Technology.

416 N Roca --, Mesa
$689,000
7042041 MLS
Cochise Drive fourplex consists of ALL 2 Bed/1 Bath units approximately 700 SF Each with washer/dryers, carport, and private yards. Most of the tenants have been their for 3+ years. Current rents: ALL at $1,400. Sewer line down to city line was completely redone. Drive-by only until accepted contract or LOI.

1328 W Cochise Drive, Phoenix
$495,000
7040737 MLS
Tri-Plex in Phoenix with three rented units! There are two one bedroom one bathroomn units and a two bedroom one bathroom. Each unit has their own gated yards, living rooms, kitchens, and a paved parking area. AC units have been replaced in the last two years.

24 W Fulton Street, Phoenix
$649,900
7040399 MLS
Seller carry is available. Shovel ready, fully approved project awaiting a developer to pull permits. Plan set conveys with sale. This 2 story, 20 unit multi-family project is zoned as R-5 High Density Multi-Family located within the Hatcher District Overlay that allows restaurants, office, and retail within new developments. There are 10 garages, 20 additional surface parking spaces, 4 three bed/two bath, 6 two bed/two bath, 2 one bed/one bath, and 8 studios. The development consists of 16,396 square feet.

320 E Hatcher Road, Phoenix
$685,000
7040102 MLS
Fantastic investment opportunity in Central Mesa. This 4plex features all 2 bed 1 bath units with long term tenants already in place. Current rents are below market but all 4 tenants are on month to month leases, so increasing rents is possible with 30 day notices. All facts and figures approximate, buyer to verify to their satisfaction.

2216 E Broadway Road, Mesa

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.