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2230 W Morten Avenue, Phoenix
$355,000
3 Beds ⋅ 2 Baths ⋅ 7092105 MLS
EXCEPTIONAL REDEVELOPMENT & INVESTMENT OPPORTUNITY IN PHOENIX! Unlock the potential of this unique property featuring a main residence, separate cottage, and swimming pool! Situated in a growing Phoenix area with strong rental demand, this property presents an exciting opportunity for investors, developers, or those looking to expand their real estate portfolio. With R-3 multifamily zoning, the possibilities are worth exploring! Surrounding properties include multifamily developments with up to six units, highlighting the area's investment potential. Whether you're considering additional rental units, redevelopment, or maximizing the existing improvements, this property offers plenty of possibilities. Buyers are encouraged to consult with the City of Phoenix Planning and Development Department to verify zoning, density allowances, and development requirements. Prime investment potential, multiple existing structures, and room to envision something more -- don't miss this opportunity to capitalize on Phoenix's continued growth!

2230 W Morten Avenue, Phoenix

1801 N 10th Street, Phoenix
$750,000
3 Beds ⋅ 3 Baths ⋅ 7091525 MLS
Trendy and in high demand, A stunning red-brick triplex (front bungalow duplex w/ detached rear home) located in Coronado Historic District! Live in the vacant rear home while collecting income from two rented front units, or rent all three for a Downtown Phoenix multifamily investment located close to major attractions/employers. This 3-unit income property offers house hacking potential and long-term rental flexibility. Each residence features 1BR/1BA with significantly updated systems. Front units showcase original wood floors, brick fireplaces and elevated porches. Fenced backyards, dedicated private storage, separate electric/gas meters and shared driveway/covered parking. Rear unit newly renovated in 9/2026. Historic charm meets income potential in rapidly-developing Central Phoenix!

1801 N 10th Street, Phoenix

806 W Turney Avenue, Phoenix
$2,220,000
14 Beds ⋅ 14 Baths ⋅ 7090003 MLS
Melrose Flats is a 12-unit garden-style multifamily property built in 1956 with durable block construction, featuring a unit mix of (10) 1-bedroom / 1-bathroom units and (2) 2-bedroom / 2-bathroom units. Updated interiors showcase quartz countertops, modern cabinetry, stainless-steel appliances, and stained concrete flooring. Each unit is equipped with an in-unit washer and dryer and is individually metered for electricity. Community amenities include a spacious landscaped courtyard, covered on-site parking spaces, and additional storage units. Ideally situated along 7th Avenue in the heart of the Melrose District, the property offers residents convenient walkability to a variety of shopping, dining, and entertainment options.

806 W Turney Avenue, Phoenix

1515 W Tonto Street, Phoenix
$619,000
7087258 MLS
Fully renovated and fully furnished, this turnkey 3-unit short-term rental in Downtown Phoenix offers strong, documented cash flow and an impressive 4.8+ star Airbnb rating. The asset generated $119,442 in gross revenue in 2024 and $103,198 in 2025, with a two-year average revenue of approximately $111,320, producing operating income of $62,272 in 2024 and $53,719 in 2025, for a two-year average NOI of roughly $57,996--reflecting strong operating margins of about 52%. This is a stabilized, high-margin hospitality investment ideal for investors seeking immediate cash flow, experienced short-term rental operators expanding their portfolio, or buyers looking for a prime-location income property in one of Arizona's fastest-growing urban markets. The property located in a high-demand area of Downtown Phoenix, minutes to Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, Van Buren. The property features one 2-bed/1-bath unit, one 1-bed/1-bath unit, and a private studio--each with its own kitchen, full bath, and separate entrance - providing three independent income streams under one roof. A separate laundry room and storage shed support efficient operations for guests and cleaning staff, while the fenced common courtyard with grill, fire pit, lounge seating, and hammock enhances guest experience and occupancy appeal.

1515 W Tonto Street, Phoenix

322 N 11th Place, Phoenix
$745,000
7086654 MLS
RENOVATED 4 UNITS Short-Term Rental in PRIME Phoenix LOCATION on R-5 zoning. Cap rate 10.6%. 2026 average occupancy rate 72%, Airbnb rating 4.85 out of 5! Comes with confirmed future bookings totaling over $6,000 through Nov 1, 2026 and the established hosting accounts on main short term rentals platforms!!! UNITS: One 2 BD-1BA and Three Studios. Every unit has its OWN kitchen, bathroom and a separate PRIVATE ACCESS. 2 BD unit has it's own Laundry with washer and dryer. The backyard is a common space for all guests with a Grill, Fire pit, Hammock and a separate Laundry shed. Cleaning and maintenance crews use another outside shed for supplies. Each unit uniquely renovated and staged, designed to appeal to a broad range of tenants-perfect for maximizing occupancy & income! The property located in a high-demand area of Downtown Phoenix, minutes to Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, Van Buren.

322 N 11th Place, Phoenix

510 E Hatcher Road Unit OFC, Phoenix
$3,200,000
36 Beds ⋅ 24 Baths ⋅ 7086417 MLS
Hatcher Heights is a 24-unit, three-story garden-style apartment community in North Phoenix's Sunnyslope area, across from HonorHealth John C. Lincoln Medical Center and walking distance to Sunnyslope High School and the Arizona Canal Trail. Built in 1985 and renovated in 2022, the property offers 12 one-bed/one-bath and 12 two-bed/one-bath units averaging 599 SF. Capital improvements include a new permitted gate, parking lot and block wall, new windows, and replaced plumbing and drain lines. All units have been renovated or turned, and the community laundry room was fully renovated. Units are individually metered for electricity; two units have in-suite washer/dryers, with panels in place to add them to the rest. Near I-17, SR-51 and North Mountain.

510 E Hatcher Road Unit OFC, Phoenix

10845 N 15th Avenue, Phoenix
$478,000
5 Beds ⋅ 3 Baths ⋅ 7086337 MLS
Renovated duplex with mountain views in Phoenix's North Mountain area! Live in one unit and rent the other or add a versatile income property to your portfolio. Vacant Unit 1 offers 3BD/2BA, updated kitchen with quartz counters and stainless appliances, large laundry room, spacious front yard, and private backyard with covered patio, storage shed and 3+ off-street parking spots. Unit 2 offers 2BD/1BA plus a large bonus room, private outdoor space, in-unit laundry, and 4-car garage. Long-term tenant generates $1,830/month including rent, pet rent and fees. 6.69% cap rate. Updates include a 2023 roof, dual-pane windows, flooring, plumbing, electrical and central AC. Large lot with alley access and potential for additional parking or ADU. Near hiking, dining, schools and I-17.

10845 N 15th Avenue, Phoenix

1923 E Yale Street, Phoenix
$585,000
5 Beds ⋅ 4 Baths ⋅ 7084803 MLS
Live in 1, let the back 2 pay your mortgage. Prime location right next to Phoenix Children's Hospital. Income-producing triplex offering 3 separate units on one property. The front residence is a standalone 3-bedroom, 1-bath home, while the rear building features 2 additional 1-bedroom, 1-bath units. The property offers a versatile configuration for investors seeking multiple rental units in a single location. Features include updated flooring, interior paint, landscaping, and air-conditioning systems. Conveniently located near Downtown with access to major freeways, providing connectivity to employment, dining, entertainment, shopping, and surrounding areas. A unique opportunity to own a three-unit property with a combination of a single-family residence and duplex configuration.

1923 E Yale Street, Phoenix

1201 E Griswold Road, Phoenix
$680,000
7 Beds ⋅ 4 Baths ⋅ 7084198 MLS
TWO HOMES ON ONE PROPERTY - GREAT INCOME-PRODUCING OPPORTUNITY! Discover the possibilities this unique property has to offer! Featuring two homes on one lot, this property is ideal for multi-generational living, an owner-occupant looking for additional rental income, or an investor seeking an income-producing opportunity. The main home features 3 bedrooms and 1.75 bathrooms, along with a recently remodeled kitchen featuring quartz countertops, stainless steel appliances; refrigerator, washer and dryer are included, adding extra convenience. At the base of Phoenix Mountain Preserve for active outdoor living hiking/biking and close to SR51 freeway, 10 miles from downtown and 15 miles from the airport makes this ideal location for recreation and commute The permitted back house offers 3 bedrooms and 2 full bathrooms, providing a comfortable and functional second living space. Live in one and rent the other, accommodate extended family, or explore the many possibilities this versatile property has to offer. Enjoy a low-maintenance backyard and a storage shed for additional storage. The property is serviced by one electric meter and one water meter. With a total of 6 bedrooms and 3.75 bathrooms between both homes, this is a unique opportunity with flexibility, functionality, and excellent income-producing potential. Two homes, one property, and so many possibilities!

1201 E Griswold Road, Phoenix

9511 N 12th Street, Phoenix
$600,000
8 Beds ⋅ 5 Baths ⋅ 7083496 MLS
9511 - 9517 N 12th Street is a rare opportunity for an operator to step into a true value-add asset with the financing flexibility, resale optionality, and scale that are hard to find in this price point. The in-place rents sit well below what the submarket is currently achieving, which leaves a clear runway for an incoming owner to renovate, reposition, and capture the spread without needing to bet on the market to do the work for them. The land and improvements are made up of four separate buildings and a duplex and triplex on separate lots arranged to give tenants a warm, secluded feel while still holding strong visibility off 12th St. That layout is a real operational advantage. It creates a courtyard-style environment that tenants stay in longer.

9511 N 12th Street, Phoenix

1702 W Tuckey Lane, Phoenix
$900,000
11 Beds ⋅ 6 Baths ⋅ 7082385 MLS
TUCKEY 6 at 1702 W Tuckey Ln, Phoenix is a 6-unit value-add condo package in North Central Phoenix. Built in 1968 with classic mid-century block construction, this asset provides instant cash flow and immense upside near the thriving 19the Avenue & Glendale corridors. THE ASSET: 6 individually parceled units (five 2BR, one 1BR). EXIT: Separate parcels support a portfolio sale or high-margin retail sales. VALUE-ADD: Modernize original interiors to maximize premium rental rates. LOCATION: Walkable to dining, light rail and schools. AMENITIES/HOA: Gated courtyard, pool, covered parking. HOA covers exterior, roofs, water, sewer, trash and electric* (*most units). HIGHER EDUCATION HUB: Grand Canyon University, DeVry University and Phoenix College within 7-10 minutes drive.

1702 W Tuckey Lane, Phoenix

2444 E Willetta Street Unit 3, Phoenix
$695,000
6 Beds ⋅ 6 Baths ⋅ 7082358 MLS
Four at Willetta is a stabilized, garden-style four-unit multifamily asset located in the highly desirable Biltmore/Arcadia corridor of Phoenix, Arizona. Constructed in the 1980s, the property offers a functional unit mix of two two-bedroom/one-bath units and two one-bedroom/one-bath units, catering to a broad tenant base in a high-demand rental submarket. The property has maintained 100% occupancy for nearly a decade, supported by long-term tenancy and consistent rental demand. Current in-place rents range from $1,100 to $1,350, presenting a clear value-add opportunity as market rents in the immediate area range from approximately $1,200 to $1,450. A new owner has the ability to implement a measured rental repositioning strategy to capture upside while maintaining occupancy stability. Each unit is equipped with central air conditioning, tile flooring, or laminate and white cabinetry, stainless steal appliances, and all units feature private backyard spaces--an amenity that differentiates the asset from competing properties and supports tenant retention. The property has undergone recent exterior capital improvements, including new paint, upgraded fencing and gates, modernized entry doors, enhanced lighting, and refreshed landscaping. All facts and figures are approximate buyer verify MLS info Owner Broker

2444 E Willetta Street Unit 3, Phoenix

1033 N 25th Street, Phoenix
$444,900
4 Beds ⋅ 2 Baths ⋅ 7082250 MLS
Income-producing duplex opportunity in Phoenix! This well-maintained property has been remodeled inside and offers two separate units with flexibility for investors or an owner-occupant looking to offset monthly expenses with rental income. One unit is currently tenant-occupied, providing immediate rental income, while the second offers additional rental or owner-occupancy potential. The property has seen extensive infrastructure improvements, including electrical redone in 2018 and replaced sewer, gas, and water lines. Approximately 12-14 inches of blown insulation has been added in the attic, and the city replaced the gas lines approximately two years ago. The property also features three separate electrical and gas meters serving Unit 1, Unit 2, and the ADU, which includes the laundr room for Unit 1. Conveniently located near Downtown Phoenix with easy access to major freeways, shopping, dining, and entertainment. A unique opportunity to own a remodeled and well-maintained multifamily property with existing income and additional potential.

1033 N 25th Street, Phoenix

1538 W Mckinley Street, Phoenix
$624,900
4 Beds ⋅ 3 Baths ⋅ 7081271 MLS
Turnkey triplex opportunity near the Roosevelt Arts District! This updated multifamily property offers an attractive combination of modern interiors, private outdoor space and features designed for strong tenant appeal. Currently generating $3,700/month in gross rents. The property consists of three individually accessed residences, including a 2-bedroom/1-bath unit and two 1-bedroom/1-bath units. Interiors have been extensively updated with wood-look tile flooring, white shaker cabinetry, quartz countertops, stainless-steel appliances and beautifully finished walk-in tile showers. Each residence also offers the convenience of an IN UNIT WASHER / DRYER and dishwasher features that help set these units apart from many competing rentals. Outside, residents enjoy private fenced yard/patio areas, low-maintenance desert landscaping and off-street parking, including two covered parking spaces at the rear. Two of the three units received newer HVAC systems as part of the prior renovation. With three separate residences, updated finishes and a central Phoenix location near Downtown, Roosevelt Row and major employment, dining and entertainment destinations, this property offers an excellent opportunity for an investor looking to add a renovated multifamily asset to their portfolio.

1538 W Mckinley Street, Phoenix

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