$475,000
$25K PRICE DROP

2140 W Heatherbrae Dr Phoenix, AZ 85015

Alhambra Neighborhood

Estimated payment $2,902/month

Total Views 2,384
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Popular Property
  • Cooling Available
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring

About This Home

Six on Heatherbrae presents a compelling value-add multifamily investment consisting of spacious two-bedroom, one-bath units, each featuring central air conditioning and private, generously sized backyards--an increasingly rare amenity in this asset class. The property is fully gated, offering enhanced security and tenant appeal. Current rents are significantly below market at approximately $995 per unit, all on month-to-month leases, providing immediate upside. With strategic renovations, rents are projected to achieve $1,300 to $1,450 per unit, creating a clear path to increased cash flow and asset appreciation. An on-site laundry facility offers additional income potential and operational efficiency. The offering includes two triplex buildings combined purchase price: $999,900. * 2140 W Heatherbrae - $499,900 must be purchased together
* 2144 W Heatherbrae - $499,900 must be purchased together Additionally, the adjacent property at 2134 W Heatherbrae will be coming to market at $499,900, presenting a rare opportunity to acquire all three triplexes (9 total units) for a combined price of $1,499,000. The property is centrally located with strong rental demand drivers and accessibility. Financing options include conventional and commercial loan structures. All facts and figures are approximate. Buyer to verify all information. Seller is Holds an active real estate Brokers license in AZ and FL

Listing Agent

Sophia Baron

Get Multifamily License #BR648866000 Listed on: 04/07/2026

Co-Listing Agent

Garrett Pedicini

Get Multifamily License #SA687268000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,604

Year Built

  • Built in 1963

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Foam Roof
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 9 Parking Spaces
  • Carport
  • Additional Parking

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

Listing and Financial Details

  • The owner pays for water, sewer, trash collection, landscaping
  • Tax Lot 10
  • Assessor Parcel Number 154-29-028

Community Details

Overview

  • 3 Units
  • Building Dimensions are 373' X 196'
  • Puccinelli Place Subdivision

Building Details

  • Operating Expense $13,564
  • Gross Income $46,800
  • Net Operating Income $33,236

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,604

Year Built

Built in 1963

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Indian School & 23rd Ave
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2160.0
  • Co List Office Mls Id: gemu001
  • Co List Office Phone: 480-795-7938
  • Subdivision Name: PUCCINELLI PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Refrigerator, Free-Standing Gas Oven

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Stucco
  • Roof: Composition, Foam

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Carport
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 9.0

Utilities

  • Electric: APS
  • Cooling: Electric, Varies by Unit
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: See Remarks

Fee Information

  • Trash Expense: 800.0
  • Annual Water Sewer Expense: 1500.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 373' X 196'
  • Additional Parcels: Yes
  • Parcel #: 154-29-028

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity, Gas
  • Number Of Units Total: 3
  • Annual Gross Income: 46800.0
  • Insurance Expense: 2400.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 33236.0
  • Annual Operating Expense: 13564.0

Tax Info

  • Tax Annual Amount: 4604.0
  • Tax Book Number: 154.0
  • Tax Lot: 10

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,627 $10,292 -- --
2024 $1,485 $9,802 -- --
2023 $1,485 $36,120 $7,220 $28,900
2022 $1,463 $27,230 $5,440 $21,790
2021 $1,476 $23,510 $4,700 $18,810
2020 $1,419 $20,380 $4,070 $16,310
2019 $1,402 $17,250 $3,450 $13,800
2018 $1,294 $14,810 $2,960 $11,850
2017 $1,278 $13,220 $2,640 $10,580
2016 $1,224 $11,280 $2,250 $9,030
2015 $1,158 $9,530 $1,900 $7,630
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2026 04/29/26 Price Changed $475,000 -50.0% --
04/29/2026 04/29/26 Price Changed $950,000 -5.0% --
04/07/2026 04/07/26 For Sale $999,900 +100.0% --
04/07/2026 04/07/26 For Sale $499,900 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $350,000 American Title Service Agency
Special Warranty Deed $137,750 None Available
Warranty Deed $137,750 Lawyers Title Of Arizona Inc
Warranty Deed $125,000 Nations Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,570 Construction
Previous Owner $110,200 New Conventional
Previous Owner $100,000 Assumption
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7010114

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-29-028

Your Personal Tour Guide

Ask me questions while you tour the home.