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4701 N 23rd Dr, Phoenix, AZ 85015

  • $700,000

  • 12

    bed

  • 8

    bath

Multi-family for sale 518 days
$19.9K price drop
80 homes bought nearby with Movoto recently

About 4701 N 23rd Dr

Property type Multi-family
Neighborhood
Year built 1985
HOA fee $0/month
Property description
Excellent investment property in the heart of Central Phoenix! Located at 4701 N 23rd Dr, Phoenix AZ 85015, this well-maintained triplex features three 2-bedroom, 2-bath units (approx. 996 sq ft each), each individually metered so tenants pay their own utilities. Built in 1985, the property is turnkey and fully occupied with reliable long-term tenants, offering steady cash flow and low owner expenses. Situated near I-17, major employers, dining, and shopping, this multi-unit rental is zoned R-3 and positioned for continued growth in the desirable 85015 area. A smart choice for any investor seeking income potential in the Phoenix rental market.
Listed by
Listing Agent - Edward D Caro
Listing Office - RE/MAX Desert Showcase
Source: ARMLS mls logo
MLS#6816622 • last updated 6 months ago
Movoto checked ARMLS for data 7 minutes ago
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Overview
Cooling/AC Central Air
Heating Heat Pump, Electric
MLS # 6816622
Type Multiple Dwellings
Status Active
Property Tax 1728
Year Built 1985
Interior
Flooring Ceramic Tile
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Rolled/Hot Mop
Construction Painted, Stucco, Block
Parking 1 Space/Unit
# of Open Parking Spaces 6
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision NICELY PLACE
Community Features No Pool
Elementary School Westwood Elementary School
Elementary School District Alhambra Elementary District
Middle School Alhambra Traditional School
High School District Phoenix Union High School District
High School Alhambra High School
APN 154-03-008-A
Zoning R-3
Directions Located North Of Indian School Rd, South Of Camelback Rd. From 23rd Ave, Head West On Highland Ave. The Property Is On The Northeast Corner Of 23rd Dr And Highland Ave.
Multifamily Details
Total # of Units 3
Expense: Operating 4728
Financial Data Source Owner
Net Operating Income 3000
Gross Income 36000
Expense: Other 3000
Gross Scheduled Income 36000
Lot/ Land Details
Road Surface Asphalt
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1/10
Westwood Primary School
public Grades K-5
Alhambra Elementary District
2/10
Choice Learning Academy
public Grades 6-8
Alhambra Elementary District
3/10
Central High School
public Grades 9-12
Phoenix Union High School District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Alhambra

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62/100
Walk
95/100
Family
92/100
Dining
98/100
Pet
  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85015
  • Alhambra
  • 4701 N 23rd Dr

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