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$1,850,000
6 Beds ⋅ 5 Baths ⋅ 7045805 MLS
Set behind mature trees on a flood-irrigated half-acre in Historic Medlock Place, this is one of the most unique opportunities currently available in Central Phoenix. Combining vintage character, multiple residences, income potential, and an extraordinary collection of mature fruit trees. Originally built in 1948, the primary residence embraces its mid-century roots with stained concrete floors, a gas fireplace, updated bathrooms, and thoughtful improvements that preserve the home's character. Three separate HVAC systems provide zoned climate control, while the private primary suite includes a kitchenette, creating additional flexibility for guests, extended stays, or multi-generational living. The grounds are something truly special. Flood irrigation supports a thriving orchard featuring citrus, grapefruit, mango, pomegranate, fig, jackfruit, mulberry, kumquat, lemon, lime, and numerous other mature fruit-producing trees. Combined with flowering desert landscaping, shade trees, a resurfaced swimming pool, outdoor shower, and expansive patios, this in-town estate feels like a private retreat. Adding to its appeal are two additional structures that create exceptional flexibility for investors, owner-occupants, entrepreneurs, or those seeking multi-generational living arrangements. A detached apartment building offers approximately 1,752 square feet and was originally designed with duplex potential, while a separate guest house provides approximately 952 square feet of additional living space complete with its own kitchen and amenities. A dedicated laundry facility and three-car garage further enhance the property's functionality. Zoned R-3, the possibilities are extensive. Whether envisioned as an owner-occupied compound, income-producing rental property, boutique hospitality concept, assisted living opportunity, creative live-work environment, or a long-term investment in one of Phoenix's most desirable historic neighborhoods, this property offers a combination of land, improvements, and flexibility. Located steps from Uptown Plaza, local restaurants, coffee shops, light rail access, and Downtown Phoenix, this is a rare chance to own a landmark property in Historic Medlock Place.

37 W Pasadena Avenue, Phoenix

Courtesy of Compass. (602) 376-1341

$849,900
6 Beds ⋅ 50 Baths ⋅ 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

Courtesy of ABI Multifamily. 602-714-1400

$999,000
4 Beds ⋅ 4 Baths ⋅ 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

Courtesy of AH Properties. 602-863-1500

$799,000
5 Beds ⋅ 3 Baths ⋅ 7043196 MLS
Step into a century of character ! A Live -Work -Play opportunity in Midtown Phoenix with proven income stream. 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! 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. A generous adjacent storage room is already primed for conversion to a 1-car garage -- just add the door. Multigen or rental investment income-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 Historic Idylwild Park and prestigious Historic 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. Vacancy is rarely a concern here. Hurry this one is a gem!

1058 E Whitton Avenue, Phoenix

Courtesy of Brokers Hub Realty, LLC. 602-291-3015

$714,800
7 Beds ⋅ 4 Baths ⋅ 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

Courtesy of West USA Realty. 602-942-4200

$650,000
10 Beds ⋅ 6 Baths ⋅ 7041327 MLS
Excellent investment opportunity! This fully occupied, well-maintained fourplex in the rapidly growing Eloy and Casa Grande area offers immediate cash flow with tenants already in place. The property features a diverse unit mix: two 3-bed/2-bath units (950 sq. ft.) and two 2-bed/1-bath units (800 sq. ft.). Three of the four units have been beautifully upgraded with fresh paint, modern fixtures, and new carpet. Built for longevity and low maintenance, the exterior boasts a durable tile roof, convenient covered parking for residents, and a fully brick-fenced perimeter for added privacy. Perfectly positioned for long-term appreciation, this property is close to major economic drivers, including a soon-to-be-built data center that ensures continued high rental demand.

3940 N Kioha Drive, Eloy

Courtesy of Real Broker. 602-755-3415

$610,000
8 Beds ⋅ 8 Baths ⋅ 7040397 MLS
Exceptional fully occupied 4-plex in North Central Phoenix offering a highly desirable unit mix of four 2-bedroom, 2-bath units. Designed for tenant appeal, each residence features spacious modern layouts, private outdoor living areas, full-size kitchen appliances, and in-unit laundry. Three units have been recently renovated with updated flooring, fresh paint, and upgraded bathroom fixtures. Operating expenses are streamlined, with tenants paying their own electricity, water, and cable, while HOA dues cover sewer, trash, landscaping, security services, common area maintenance, and pool amenities. Recent capital improvements--including exterior painting, newer HVAC units, and new water heaters--help minimize future maintenance costs. Ample parking includes four covered spaces per building.

2832 E Le Marche Avenue, Phoenix

Courtesy of My Home Group Real Estate. 480-685-2760

$489,900
5 Beds ⋅ 3 Baths ⋅ 7039988 MLS
Down Payment Assistance programs are available for this duplex, with qualifying. Live in one side and use the other to offset your monthly payment! Eligible for FHA, VA, conventional, cash, or 1031 exchange buyers. Outstanding opportunity for both investors and owner-occupants! Built in 2022, this well-maintained duplex is fully leased with reliable, on-time tenants who pay their own electric. Landlord pays water and sewer. Current income is approximately $34,000 annually with an attractive 7% CAP rate, providing immediate cash flow from day one. Each unit features wood-look tile flooring, Samsung stainless appliances, 42'' espresso cabinetry, 2'' wood blinds, and modern finishes throughout.

1732 E Wood Street, Phoenix

Courtesy of RE/MAX Excalibur. 480-355-3500

$980,000
6 Beds ⋅ 6 Baths ⋅ 7039794 MLS
Turnkey income today with exceptional upside for tomorrow. This unique multifamily opportunity features 2 detached single-family homes, each leased at $2,800/mo. and designed with modern finishes that drive strong tenant demand. Tenants pay water, sewer, and electric, keeping operating expenses low while maximizing cash flow. Each residence offers 3 bed, 2.5 bath, attached 2-car garage, open living spaces, quartz countertops, stainless steel appliances, and contemporary design. Future appreciation and income potential are enhanced by the opportunity to add an ADU to each home (buyer to verify). Prime location near the Biltmore Corridor, SR-51, major employers, shopping, and dining. A rare combination of stable income, low expenses, and long-term value-add potential. Drive by only.

2324 E Oak Street, Phoenix

Courtesy of Compass. 480-776-1555

$719,900
6 Beds ⋅ 50 Baths ⋅ 7039557 MLS
Outstanding turnkey investment opportunity! One of two side-by-side duplexes built in 2025, this well-designed property features two-story 3-bedroom, 2.5-bath residences, each with a tandem 2-car garage. Fully leased and stabilized with excellent tenants paying $2,300 per month per unit. Produces approximately $43,000 in annual NOI based on trailing 12-month expenses, reflecting an attractive 6% CAP rate. FHA, VA, conventional, cash, and 1031 buyers are welcome. Investors will love the cash flow, but don't overlook the opportunity for an owner-occupant. Owner pays water only. Upgraded finishes include wood-look plank tile, Samsung stainless appliances, 42'' cabinetry, tiled shower surrounds, and dual-pane windows.

2431 E Pueblo Avenue, Phoenix

Courtesy of RE/MAX Excalibur. 480-355-3500

$539,000
6 Beds ⋅ 3 Baths ⋅ 7039047 MLS
Exceptional investment opportunity featuring a total of seven units, including a single-family residence & eligible for residential financing. Located near GCU, the freeway, shopping, and other amenities, this property offers strong tenant appeal. Estimated CAP Rate: 6%. The single-family residence features a full-size laundry room. All units were renovated between 2019 and 2020. Improvements include new sewer and water lines, upgraded electrical service, interior and exterior paint, roofs replaced on both triplexes in 2024, and a new roof on the single-family residence in 2020. Well-maintained property with numerous updates throughout. See Documents tab for details. Buyer to verify all information.

2620 W Pierson Street, Phoenix

Courtesy of West USA Realty. 602-942-4200

$749,000
7 Beds ⋅ 5 Baths ⋅ 7039046 MLS
Exceptional investment opportunity featuring a total of seven units, including a single-family residence & eligible for residential financing. Located near GCU, the freeway, shopping, and other amenities, this property offers strong tenant appeal. Estimated CAP Rate: 6%. The single-family residence features a full-size laundry room. All units were renovated between 2019 and 2020. Improvements include new sewer and water lines, upgraded electrical service, interior and exterior paint, roofs replaced on both triplexes in 2024, and a new roof on the single-family residence in 2020. Well-maintained property with numerous updates throughout. See Documents tab for details. Buyer to verify all information.

2616 W Pierson Street, Phoenix

Courtesy of West USA Realty. 602-942-4200

$700,000
7 Beds ⋅ 6 Baths ⋅ 7038723 MLS
Welcome to Three at Bumbalow - A Rare Triplex Investment in the Heart of Central Phoenix! Three at Bumbalow presents a unique opportunity to own a recently upgraded triplex in one of Phoenix's most sought-after and rapidly developing neighborhoods. Ideally located near downtown, major freeways, and light rail access, this property is perfect for investors seeking strong rental income or owner-occupants looking to live in one unit while renting out the others. This well-maintained property was renovated in 2023 and features three individual units: Two units with 2 bedrooms and 1 bathroom each, and One larger unit with 3 bedrooms and 2 bathrooms. Each unit has its own private entrance and offers a functional floor plan designed for comfortable living. A nice side yard adds outdoor space and potential for further enhancements, such as communal gathering areas or added amenities. Each unit is equipped with washer and dryer hookups. All the washers, dryers, and refrigerators are included in the sale and convey. The property is currently self-managed, which keeps operating costs low. This triplex is perfect for both seasoned investors and first-time multifamily buyers looking to enter the market with a well-located, income-producing asset. The units are currently rented at $2,863, $1,550, and $1,985 per month, respectively. Whether you're looking to expand your real estate portfolio, complete a 1031 exchange, or live in one unit while earning passive income from the others, Three at Bumbalow offers flexibility, stability, and upside in a prime Central Phoenix location.

2223 E Roosevelt Street, Phoenix

Courtesy of West USA Realty. 602-942-4200

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