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Central City Multifamily Homes & Duplexes for Sale

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  • /50

    $1,200,000

    2223 E Roosevelt St, Phoenix, AZ 85006

    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

    Agent Photo

    Josiah Miller

    West USA Realty

    (855) 770-6608

    2223 E Roosevelt St, Phoenix, AZ 85006
  • /25

    $675,000

    1509 W Pierce St, Phoenix, AZ 85007

    4-Plex investment opportunity in the heart of the Oakland Historic District of Downtown Phoenix. Property consists of two 2 story buildings set to the back of the property with parking lot right off the street. All 4 units are identical 2 bed, 1 bath, 642 sq ft with washer and dryer's. 1 of the 4 units just went through a full renovation in 2023. All units have sub metered water and is billed

    Todd Morris RETSY

    1509 W Pierce St, Phoenix, AZ 85007
  • /6

    $859,000

    2440 E Monroe St, Phoenix, AZ 85034

    Fantastic location within walking distance to the light rail, close to the airport and downtown Phoenix. Exterior recently painted, new roofs, laundry in 4 of the 5 units, 4 new a/c units and all units have tankless hot water heaters. Each of the units have had improvements upon vacancy such as: tiled flooring, tiled showers, backsplash and interior paint. Property is individually metered for

    Emily Weaver Open House Realty

    2440 E Monroe St, Phoenix, AZ 85034
  • /24

    $450,000

    1229 S 13th Ave, Phoenix, AZ 85007

    These centrally-located Downtown Phoenix units, built in 2018, are comprised of three 1 bedroom, 1 bath detached units. As of Sept 2025, this cash flowing investment property grosses around $3,550/mo or $42,600/yr. One unit is rented as a short-term rental while two are long-term rentals. The 3 buildings are also individually metered for electric. All units enjoy vaulted ceilings, laminate wood

    Daniel Wang My Home Group Real Estate

    1229 S 13th Ave, Phoenix, AZ 85007
  • /24

    $749,900

    1330 W Fillmore St, Phoenix, AZ 85007

    Discover an exceptional investment opportunity at 1330 W Fillmore St, a fully renovated 4-unit garden-style property located in the rapidly improving Oakland Historic District. Originally built in 1959 & 1983, the property is comprised of (2) 1-Bedroom / 1-Bath Units and (2) 2-Bedroom / 1-Bath Units.In 2023, the entire community underwent a complete interior and exterior renovation

    Joseph Mahoney JM Realty

    1330 W Fillmore St, Phoenix, AZ 85007
  • /17

    $345,000

    2230 E Taylor St, Phoenix, AZ 85006

    GREAT opportunity to invest !

    Fabiola Aboyte HomeSmart

    2230 E Taylor St, Phoenix, AZ 85006
  • /36

    $839,900

    2006 W Madison St, Phoenix, AZ 85009

    This gorgeous custom Duplex designed by Kirsten Snyder has incredible attention to detail offers 1,435 SF, 3 bedrooms and 2.5 baths each. Find impressive 9' ceilings, polished concrete floors downstairs, wood look LVP floors upstairs. Thoughtful floor plan has large open great room and powder room downstairs. Upstairs find the primary suite + large bedrooms. Primary features dual vanities and

    Renee Epple HomeSmart

    2006 W Madison St, Phoenix, AZ 85009
  • /43

    $624,900

    1724 S 1st St Unit 1 & 2, Phoenix, AZ 85004

    Brand new duplex built by GardnerDavila Development. Both units have 3 beds and 2 baths, personal RV gates, large laundry rooms, tile throughout, spray in foam insulation and upgraded finishes. All appliances are included for this turn key rental.Property is located in a designated opportunity zone for extra tax savings. Completed August 2025.

    Kyle Gardner Evergreen Realty LLC

    1724 S 1st St Unit 1 & 2, Phoenix, AZ 85004
  • /16

    $675,000

    1110 S Montezuma Ave, Phoenix, AZ 85003

    2 new construction units located in the Central City submarket of Phoenix, Arizona. Built in 2021, the asset consists of (2) 2-bedroom, 1-bathroom units each with 2 car garages. Each unit measures approximately 550 square feet, and tenants are also responsible for their own utilities. The property sits just outside of Downtown Phoenix and near many dining and entertainment options, making this an

    Brad Skenderian Matthews Real Estate Investment Services

    1110 S Montezuma Ave, Phoenix, AZ 85003
  • /15

    $675,000

    1106 S Montezuma Ave, Phoenix, AZ 85003

    2 new construction units located in the Central City submarket of Phoenix, Arizona. Built in 2021, the asset consists of (2) 2-bedroom, 1-bathroom units each with 2 car garages. Each unit measures approximately 550 square feet, and tenants are also responsible for their own utilities. The property sits just outside of Downtown Phoenix and near many dining and entertainment options, making this an

    Brad Skenderian Matthews Real Estate Investment Services

    1106 S Montezuma Ave, Phoenix, AZ 85003
  • /19

    $979,500

    2002 W Jefferson St, Phoenix, AZ 85009

    Prime Downtown Phoenix 7-Units7.5% Cap Rate. Offered at $139,928 per unit, this investment generates an estimated annual gross income of $99,600. Tenants are all month to month. Strong in-place returns in a high-demand rental market. Seller may carry the note with half down, IO Payments for 5 years.

    Zachary Coty Compass

    2002 W Jefferson St, Phoenix, AZ 85009
  • /50

    $523,900

    1702 W Yuma St, Phoenix, AZ 85007

    ''FHA ASSUMABLE LOAN AT 4.25%'' Don't miss this prime multi-family investment opportunity in a centrally located area near 19th Ave and Buckeye. This fully leased 4-plex features four 1-bedroom, 1-bathroom unit each equipped with a stove and refrigerator, included with all leases. Tenants pay a 1⁄4 share of the City of Phoenix water, sewer, and trash bill, while electricity is individually

    Jason Jones Coldwell Banker Realty

    1702 W Yuma St, Phoenix, AZ 85007
  • /55

    $1,450,000

    525 N 32nd St Unit 1-13, Phoenix, AZ 85008

    Thirteen on 32nd Street Apartments, a prime 13-unit multifamily investment opportunity located in the heart of Phoenix, Arizona. This high-demand asset is positioned directly across from the Celebrity Theatre and just minutes from Phoenix Sky Harbor International Airport, with immediate access to the 202, SR-51, and I-10 freeways. Residents benefit from quick commutes to Downtown Phoenix and

    Sophia Baron Grace CRE

    525 N 32nd St Unit 1-13, Phoenix, AZ 85008
  • /54

    $545,000

    1014 S 2nd St, Phoenix, AZ 85004

    This property features two separate homes, each with its own private ingress and egress, making it ideal for rental income or living in one and renting out the other. Both homes are enclosed with block wall privacy. The front home offers 2 bedrooms and 2 bath. While cozy, it has been updated with tile flooring, a fully tiled tub surround, and an all-tile shower in the second bath. Dual-pane

    Ryan Buckley Coldwell Banker Realty

    1014 S 2nd St, Phoenix, AZ 85004
  • /49

    $875,000

    411 N 32nd Place, Phoenix, AZ 85008

    Brand new triplex in the heart of phoenix, offeringan exceptional opportunity for investors or owner-occupants. This newly constructed building features three separate units, each with 2 bedrooms, 1 bathroom, a private laundry room, an attached 2-car epoxy-coated garage, and a private balcony. Built with quality and efficiency in mind, the property includes spray foam insulation throughout,

    Maria Guerrero Realty ONE Group

    411 N 32nd Place, Phoenix, AZ 85008
  • /39

    $474,000

    1009 S 17th Ave, Phoenix, AZ 85007

    Don't miss this brand new duplex. Both units are 2 bed and 1 bath and have tile throughout, open floorplan and upgraded finishes to get top dollar on rents. Built in 2025 with energy efficient windows, spray in foam insulation and all brand new appliances included for a turnkey rental. Completed July 2025.

    Kyle Gardner Evergreen Realty LLC

    1009 S 17th Ave, Phoenix, AZ 85007
  • /15

    $459,000

    2213 W Adams St, Phoenix, AZ 85009

    Complete sewer line replacement in late 2023. All cast iron pipes have been removed and replaced with ABS. All new water heaters at the same time. Washer and dryer connections were added so each unit has private laundry. All new tubs and surrounds, new bathroom floors, vanity cabinets and paint. This well-kept Tri-plex property has a very low expense ratio and long term tenants. Each unit

    Andrew Thruston P.J. Hussey & Associates, Inc

    2213 W Adams St, Phoenix, AZ 85009
  • /33

    $870,000

    1917 E Monroe St, Phoenix, AZ 85034

    EXCELLENT OPPORTUNITY TO OWN A MULTIFAMILY UNIT NEAR DOWNTOWN, FREEWAYS, AIRPORT. 2 BUIDLLINGS, HOUSE WAS BUILT 2024 AND DUPLEX HAS BEEN REMODELED, DUPLEX IS TENANT OCCUPIED, HOUSE IS VACANT (RENT IS APPROXIMATED AMOUNT) YOUR NEW HOME AWAITS WITH RENTAL INCOME AWAITS.

    Alejandra Mena HomeSmart

    1917 E Monroe St, Phoenix, AZ 85034
  • /10

    $529,000

    1815 W Tonto St, Phoenix, AZ 85007

    Property has 3 units, all have been beautifully updated, from the plumbing & electrical to roof in the last 4 years. Excellent mix of 3bed, 1 bed & studio apartment. Excellent tenants in place that would like to stay. Rents are as follows: 3 bed/1 bath $1350/Month 1 bedroom/ 1 bath - $1000/ month Studio Apt/ 1 bath $800/Month. Rents are low do to long term tenants but can be raised to market

    Michelle Hoogendoorn Better Homes & Gardens Real Estate SJ Fowler

    1815 W Tonto St, Phoenix, AZ 85007
  • /16

    $650,000

    2206 E Taylor St, Phoenix, AZ 85006

    Excellent investment property. Low maintenance desertscape too! Great cash flow ! Good location. Close to L-Rail too! Please do not walk the property or disturb tenants as they are unaware of the sale. Buyer to verify measurements, zoning, financials & any item of concern prior to close of escrow.

    Michelle Hoogendoorn Better Homes & Gardens Real Estate SJ Fowler

    2206 E Taylor St, Phoenix, AZ 85006
  • /22

    $1,295,000

    1945 W Van Buren St, Phoenix, AZ 85009

    EXCEPTIONAL INVESTMENT OPPORTUNITY IN PRIME LOCATION! This 17-21 unit, two-story property, built in 1952, offers an outstanding value-add opportunity for savvy investors. The unit mix includes 17 studio apartments, a manager's quarters, and a front office. With interiors currently vacant and ready for renovation, this property is a blank canvas awaiting your vision. PRIME LOCATION ADVANTAGES:

    Joseph Mahoney JM Realty

    1945 W Van Buren St, Phoenix, AZ 85009
  • /60

    $619,999

    1120 S 4th Ave Unit 2, Phoenix, AZ 85003

    Discover this stunning new construction duplex in the heart of downtown Phoenix, offering the perfect blend of modern design and convenience. Each thoughtfully designed unit includes 2 spacious bedrooms, 1 sleek bathroom, and an in-unit laundry area equipped with a stackable washer and dryer. Step into the beautifully appointed kitchens featuring quartz countertops, stainless steel appliances,

    Maria Guerrero Realty ONE Group

    1120 S 4th Ave Unit 2, Phoenix, AZ 85003
  • /5

    $999,999

    2916 E Monroe St, Phoenix, AZ 85034

    Multi-Unit property in Central Downtown location. Potential for a great value-add! Property includes a total of 9 units within 6 buildings. Offers mix of (3)studio apartments, (3) one bedroom, (2) two bedroom units and (1) Three bedroom unit. SF of units is 220, 244, 247, 343, 442, 523, 556, 674 and 1,060SF.Great tenant base.

    Tiffany McGill MCG Realty

    2916 E Monroe St, Phoenix, AZ 85034
  • /22

    $1,590,000

    1825 E Adams St, Phoenix, AZ 85034

    To much to mention see listing #6626952 under residential listings for info and over 300 photos. Owner/listing agent/architect/ builder, currently resides in the dwelling. Owner/seller is an active az lic realtor..7,700 sf of usable space. new waymo station under construction at the nw corner of 18th st and washington. 1 block away.

    Pablo Acosta Colonial Realty, LLC

    1825 E Adams St, Phoenix, AZ 85034
  • /2

    $975,000

    822 S 4th Ave, Phoenix, AZ 85003

    New development in Downtown Phoenix featuring 3 units with 2 bedroom, 2 bathrooms, and 3 garages. Construction will be completed by August 2025. The exterior finish includes , synthetic stucco, balconies, covered porches, each unit has a single car garage, and the electric is individually metered. The interior features stainless steel GE appliances, washer/dryer included, quartz counters, shaker

    Keith Grayson Grayson Real Estate

    822 S 4th Ave, Phoenix, AZ 85003

Why Live in Central City

Central City in Phoenix serves as the cultural heart of the region, blending a mix of dining, housing, and popular attractions. The neighborhood features a variety of living options, including midcentury and Mediterranean-style ranchers, as well as contemporary homes and condominiums. Residents enjoy a vibrant dining scene with notable spots like Sonora Taco Shop and Lo-Lo’s Chicken & Waffles. The area is also home to major event venues such as the Arizona Financial Theatre, The Van Buren, and the historic Orpheum Theatre, which host live music and performances. Sports fans can easily access Chase Field, home to the Arizona Diamondbacks, and the Footprint Center, where the Phoenix Suns play. Central City offers several parks for outdoor activities and is well-connected via Interstate 10 and nearby highways, facilitating easy travel to other parts of Greater Phoenix. The Phoenix Sky Harbor International Airport is conveniently located to the east, enhancing travel options. Along East Buckeye Road, residents find a mix of restaurants, bars, small businesses, and essential services like the United States Postal Service and Circle K. The Phoenix Convention Center hosts a variety of events, including Phoenix Fan Fusion and Franchise Expo West. Civic Space Park, just north of the neighborhood, is known for its modern sculptures and proximity to Arizona State University’s downtown campus. Additionally, the Rosson House Museum at Heritage Square offers a historical perspective with its preserved Victorian home and other artifacts, complemented by the onsite coffee shop, Stemistry.

Home Trends in Central City, AZ

Housing Trends

Median Sale Price
$334,500
Median Single Family Sale Price
$330,000
Median Townhouse Sale Price
$599,950
Average Price Per Sq Ft
$270
Number of Homes for Sale
28
Last 12 months Home Sales
79
Months of Supply
4.30
Median List Price
$357,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
1%
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