Central City South | Phoenix, AZ Real Estate Search

Newest Central City South | Phoenix, AZ Listings

$710,000
5 Beds 3 Baths 7064669 MLS
Exceptional investment opportunity in the heart of Phoenix! This unique portfolio includes three separate single-family homes being offered together at one price: 830 S 15th Ave (2 bed/1 bath), leased through 10/31/2026 at $1,838.55 per month; 820 S 15th Ave (1 bed/1 bath), leased through 8/31/2027 at $1,553.07 per month; and 1501 W Hadley St (2 bed/1 bath), leased through 11/30/2026 at $1,636.00 per month. Generating approximately $5,027.62 in monthly gross rental income, this portfolio provides immediate cash flow, built-in stability, and long-term investment potential. Whether you're looking to expand your rental portfolio, or take advantage of a unique house-hacking opportunity - live in one home while collecting income from the other two, this property offers exceptional flexibility and a rare opportunity to own multiple income-producing homes in a rapidly growing area. All three homes have separate electric and gas meters, simplifying utility management. All major remodeling was completed in 2021, with updated finishes throughout, making this a true turnkey investment. Each home features a private fenced yard for added privacy and outdoor enjoyment and includes essential appliances such as a stove, refrigerator, and washer/dryer to support tenant satisfaction and minimize ownership expenses. Perfectly positioned for flexible ownership, multigenerational living, or long-term portfolio growth, these properties are conveniently located near Downtown Phoenix, major freeways, public transportation, employment centers, shopping, dining, and entertainment, benefiting from strong rental demand and excellent accessibility. DRIVE-BY ONLY -- please do not disturb tenants. Walkthroughs available with accepted offers only. Act quickly--opportunities like this do not come around often. Buyer to verify all facts and figures.

830 S 15th Avenue, Phoenix

Courtesy of Fathom Realty. 877-661-1977

$299,900
11 Beds 60 Baths 7037076 MLS
Excellent value-add multifamily investment opportunity located in the growing Central Phoenix market. This unique 4-unit property offers strong income potential with major renovation work already completed, making it an ideal opportunity for investors looking to finish the final touches and maximize returns. The property consists of: Front Unit: Spacious 3 Bedroom / 2 Full Bathroom unit with in-unit laundry room Rear Unit 1: 1 Bedroom / 1 Bathroom Rear Unit 2: 2 Bedroom / 1 Bathroom Rear Unit 3: Studio unit Each rear unit has its own private entrance, creating privacy and flexibility for tenants. The majority of the interior renovation work has already been completed. Additional planned upgrades include: Brand new electrical system installation New HVAC systems New ap New hot water heaters Seller plans to complete the remaining improvements prior to closing for an additional negotiated price, providing buyers flexibility to either purchase as-is or receive a near turn-key finished product. The property includes parking for approximately 3 vehicles onsite, along with additional street parking availability. This is a great opportunity for an investor or owner-operator to take over a nearly completed project and add the final cosmetic and operational touches. Estimated total rental income is projected to exceed $4,000 per month once fully stabilized. Conveniently located near Downtown Phoenix, major freeways, employment centers, dining, shopping, and public transportation, this property benefits from strong rental demand and continued area growth. Priced to sell quickly. Excellent opportunity for investors seeking cash flow, appreciation potential, and value-add upside. Buyer to verify all facts, figures, measurements, zoning, permits, and projected rental income.

1220 S 10th Avenue, Phoenix

Courtesy of Kosh Realty. 602-550-4842

$389,000
7025380 MLS
No vacancies in 5 years! Two Homes on One Lot. Rent out one unit and live for free! Welcome to a rare and elegant dual-home opportunity in the rapidly growing Central City area of Phoenix. This exceptional property features two complete, fully renovated homes on one spacious lot, generating $3,767 in gross monthly rent and offering unmatched versatility for investors, multi-generational families, or owner-occupiers seeking rental income potential. Current leases expire 7/31/2026 and 1/31/2027, providing excellent timing to implement your desired strategy. Nestled on a spacious newly steel-fenced and gated lot, this rare offering combines modern comforts, excellent income potential, and walkable access to downtown dining, culture, and sports venues. The front home is a gorgeously remodeled 2-bed, 1-bath residence with abundant living space, featuring a spacious living room with French doors for elegant privacy, a large open kitchen with full-sized stainless steel gas stove, microwave, dishwasher, French-door refrigerator, and butcher block countertops complemented by beautiful tile work. The home boasts an updated tiled shower, luxury vinyl plank flooring, and modern lighting fixtures throughout. A separate laundry room includes an individual full-sized front-loading washer and dryer, while the exterior offers a 2-car covered carport, 2-car driveway, and extended covered back patio with built-in BBQ. The rear home is an equally stunning 2-bed, 1-bath remodeled residence with beautiful kitchen features including butcher block countertops, digital range, built-in microwave, refrigerator, Shaker cabinets, and modern shelving. The bathroom showcases a lovely tiled shower surround with basin sink and high-arc spray faucet, while the living room features an elegant chandelier. Newer windows throughout provide excellent energy efficiency, low-profile light fixtures grace the bedrooms, and a full-size washer and dryer are included. The private fenced backyard is perfect for pets, with off-street private parking for two vehicles. Both homes were renovated in 2021 and are separately metered and fully self-sufficient with independent utilities. With quick access to I-10 and I-17 freeways and Sky Harbor Airport less than 15 minutes away, commuting is effortless. This prime location in one of Phoenix's most strategic neighborhoods offers no HOA restrictions, giving you complete freedom for how you use the space. Whether you're a savvy investor capitalizing on Phoenix's hot rental market or a homeowner seeking flexibility and rental income, this rare dual-home property on one lot represents an exceptional value with huge upside potential. DRIVE-BY ONLY; please do not disturb tenants. Walkthroughs available only with accepted offers. Buyer to verify all information.

1716 W Hadley Street, Phoenix

Courtesy of Fathom Realty. 877-661-1977 Selling Office: Apex Residential.

$650,000
7 Beds 4 Baths 6900104 MLS
Two Homes on One Lot. Welcome to 1018 S 4th Avenue, an Elegant, Rare opportunity. A Dual Home Oasis in the rapidly growing Central City South area of Phoenix. This unique R3 zoned property features two full-sized homes on one spacious lot, offering versatility, income potential, and proximity to everything the downtown core has to offer. As you step onto the property, you'll immediately appreciate the ample space, fresh renovations, and thoughtful interior and exterior layout that makes this dual residence ideal for owner-occupiers with rental income potential, multi-generational living, or investment purposes. The remodeled front home features a bright, open layout with four beds and two baths, while the two story rear house offers three separate bedrooms and a second ful Nestled on a spacious newly steel fenced & gated lot in the Flossmore neighborhood, this rare offering combines modern comforts, excellent rental income potential, and walkable access to Phoenix's top dining, culture, and sports venues. Perfect for investors, extended families, or savvy buyers seeking versatility. The Front House (Single-Story | ±1,829 SF) Beautifully remodeled with a clean, contemporary finish, this 4-bedroom, 2-bathroom home is move-in ready. The open-concept living area flows effortlessly into a modern kitchen featuring updated cabinetry, sleek countertops, and a large central island perfect for entertaining or family meals. The bedrooms are generously sized with plenty of natural light and closet space, while both bathrooms have been updated with modern fixtures and finishes. New flooring and fresh paint throughout create a light, airy ambiance. New package rooftop AC unit. Laundry hookups are located conveniently inside, and the front entrance has private fencing for added security and charm. The Rear House (Two-Story | ±1,800 SF) Tucked away in the back, the two-story home provides an ideal setup for a second family, long-term tenants, or even short-term rental guests. With 3 spacious bedrooms and 2 bathrooms, plus an upstairs loft area, this home offers flexibility for office space, a kids' play area, or an extended lounge. A full kitchen, separate laundry hookups, new package rooftop AC unit and private access make this a fully independent residencerarely found in central Phoenix. Just minutes from Downtown Phoenix, this property is in a high-demand urban neighborhood poised for growth. Walk or bike to ASU Downtown, Chase Field, Footprint Center, and the Roosevelt Row arts district. Quick access to the I-10 and I-17 freeways makes commuting easy, and Sky Harbor Airport is less than 15 minutes away. Whether you're an investor looking to capitalize on Phoenix's hot rental market or a homeowner wanting to live in one unit while renting the other, this is a prime location with unbeatable upside. Why 1018 S 4th Ave? " Two complete homes on one lot - separately metered and self-sufficient " Updated interiors with modern finishes " No HOA - complete freedom for how you use the space " Projected income potential: Live in one, rent the other for ~$2,200-$2,500/ month " Future flexibility: Airbnb, long-term rental, or multi-generational use " Zoned R-3 - Multifamily opportunity Nearby Amenities " 2 minutes to Downtown Phoenix " 3 blocks to public transportation " 5 minutes to ASU, Valley Metro Rail " Close to coffee shops, grocery stores, and schools The Bottom Line This is a rare finda multi-unit property in one of Phoenix's most strategic and fastest-developing areas. Whether you're a savvy investor or a homeowner who wants flexibility and rental income, 1018 S 4th Ave is a must-see.

1018 S 4th Avenue, Phoenix

Courtesy of Best Homes Real Estate. 602-396-5660 Selling Office: RE/MAX Signature.

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Central City South | Phoenix, AZ Homes for Sale

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