$1,550,000
Phoenix, AZ 85013
MLS# 6975915

1 / 42
Property Description
Turnkey four-unit multifamily investment in the heart of Phoenix, positioned at Indian School Road and Central Avenue in highly sought-after Midtown. This rare opportunity consists of two separate duplex buildings with two legal addresses and two APNs, totaling four fully furnished 2-bedroom, 1-bath units. The property must be sold together and operates as a cohesive fourplex-style investment with a shared private interior courtyard.Each unit has been extensively remodeled and is currently operated as a mid-term rental, catering to traveling professionals and medical tenants on three-month leases. The location is ideal for this demand profile, just minutes from St. Joseph's Hospital, Phoenix Children's Hospital, Downtown Phoenix, major employment hubs, and quick access to the 51 and I-10
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,550,000
List Price: $1,550,000
Status: Active
List Date: 2026-01-27
Location, Tax & Legal
Assessor's Map #: 32
Legal Description (Abbrev): LOT 55 INDIAN PARK MCR 003937
Assessor's Parcel #: 55
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 117100
Taxes: 2437.04
Legal: LOT 55 INDIAN PARK MCR 003937
Marketing Name: N/A
House Number: 4132
Compass: N
Street Name: 3RD
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Zip4: 5007
County Code: Maricopa
Subdivision: INDIAN PARK
Assessor Number: 155-32-055
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 0
Lot Size Dimensions: Unknown
Total # of Units: 4
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Elementary School: Longview Elementary School
Jr. High School: Osborn Middle School
High School: Central High School
Year Built: 1950
Zoning: R4
Legal Info
Range: 3E
Section: 20
Township: 2N
Lot Number: 55
Project Type
Four Plex: 1
Other Type
Packaged Offering: 1
Construction
Brick: 1
Const - Finish
Brick Veneer: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2437.04
Other Income: 0
Vacancy Allowance: 0.08
Adjusted Gross Inc: 105984
Pmt & Rate Info
Cap Rate: 6.19
Equity: 1550000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Cooling
Central Air: 1
Exterior Amenities
Landscape Water System: 1
Interior Features
Furnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Gas: 1
Water: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
>1 Space Per Unit: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 2300
Avg SqFt: 1000
# Baths: 4
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Central Ave & Indian School Rd
Directions: Head south on Central Ave towards Indian School Rd. Turn right onto Indian School Rd & right on 3rd Ave. Property is on the left.
Geo Lat: 33.496114
Geo Lon: -112.078448
Income Expenses
Gross Annual Sch Inc: 115200
Net Operating Income: 96000
Property Features
Project Type: Four Plex
Other Type: Packaged Offering
Construction: Brick
Const - Finish: Brick Veneer
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Landscape Water System
Interior Features: Furnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer
Heating: Individual
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Carport; >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Landscaping
Tenant Pays: Water; Electricity; Gas; Trash Collection; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Supplements
freeways. Phoenix Sky Harbor International Airport is also nearby, enhancing appeal for short-term and furnished rental use.All four units are fully furnished and include in-unit washer and dryers, wood-look tile flooring, updated kitchens with shaker cabinetry, granite countertops, and stainless-steel appliances. Each unit is individually metered and features newer Low-E windows, updated doors, and newer water heaters, supporting efficient long-term ownership. Built in 1950, the property has been significantly modernized while retaining its solid multifamily footprint.Zoned R4, the property allows for continued medium-term rental use, short-term/Airbnb operation, or a hybrid strategy. There is no HOA, and the asset is truly turnkey. For investors seeking upside, the shared courtyard presents a compelling value-add opportunity, including the potential to create a resort-style community amenity such as a pool or enhanced outdoor gathering space, subject to buyer verification.This property is best suited for a cash buyer or 1031 exchange investor seeking a stabilized, income-producing multifamily asset in a high-demand central Phoenix corridor, great return with conventional financing as well. A house-hacker scenario also works well, allowing an owner-occupant to live in one unit while offsetting expenses with the remaining rentals. A rare chance to acquire a remodeled, furnished, four-unit property in Midtown Phoenix with flexible rental strategies, strong tenant demand, and long-term growth potential.
Listing Office: Real Broker
Last Updated: February - 05 - 2026
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