$719,000

Estimated payment $3,911/month

Total Views 2,658
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Fitness Center
  • Heated Spa
  • 4 Car Detached Garage
  • Phoenix Coding Academy Rated A
  • Furnished
  • Patio

About This Home

Turnkey furnished duplex investment opportunity in the heart of Phoenix! Located at 4201 E Almeria Rd, this income-producing multi-family property is currently operating as a successful short-term rental with a strong 4.79-star guest rating and 94.4% five-star reviews. With no HOA, recent major system updates, and all furnishings included, this property is ready to continue generating income from day one. The duplex offers two separate living spaces, including a 2-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit. Currently configured for room-by-room short-term rentals, the property provides multiple income strategies including Airbnb, corporate housing, mid-term rentals, traveling professionals, seasonal visitors, or traditional long-term tenants. The sale includes all existing furnishings, appliances, refrigerators, washers, and dryers, creating a true turnkey investment opportunity. Recent improvements include HVAC replacement in Unit 1 (2021) and Unit 2 (2022), water heater replacement in Unit 1 (2023) and Unit 2 (2021), plus additional interior updates and light remodeling throughout the property. Ideally situated near Phoenix Sky Harbor International Airport, Old Town Scottsdale, Downtown Phoenix, Tempe, Arizona State University, major employment corridors, and Cactus League Spring Training facilities, this location attracts both business and leisure travelers year-round. Residents and guests enjoy convenient access to shopping, dining, entertainment, golf, freeways, and some of the Valley's most popular destinations. Whether you're seeking a cash-flowing investment property, furnished duplex, house-hacking opportunity, short-term rental portfolio addition, or multi-generational living solution, this Phoenix duplex offers flexibility, location, and proven rental performance in one of the Valley's most desirable rental markets.

Listing Agent

Kathaleen Patterson

Realty ONE Group License #BR664009000 Listed on: 05/15/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,137

Year Built

  • Built in 1969

Lot Details

  • Dirt Road
  • Fenced
  • Desert Landscape

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Furnished
  • Ceiling Fan
  • Blinds

Home Security

  • Security Lights
  • Fire and Smoke Detector

Parking

  • 4 Car Detached Garage
  • Carport
  • Parking Available
  • Additional Parking

Outdoor Features

  • Heated Spa
  • Patio
  • Outdoor Storage

Schools

  • Brunson-Lee Elementary School
  • Pat Tillman Middle School
  • Camelback High School

Utilities

  • Two cooling system units
  • Heating Available
  • Natural Gas Not Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 126-07-066

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7780
  • Ella Lee Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Fitness Center

Building Details

  • Operating Expense $21,405
  • Gross Income $56,250
  • Net Operating Income $49,374

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,137

Year Built

Built in 1969

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 40th St & McDowell
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1969
  • Tax Year: 2025
  • Road Surface Type: Asphalt, Dirt
  • Subdivision Name: ELLA LEE
  • Const - Finish:Const - Finish: Painted
  • Cooling:Cooling: Electric, 2 or More Units, Ceiling Fan(s)
  • Road Surface Type:Road Surface Type: Asphalt, Dirt
  • Electric:Electric: SRP
  • Sale Includes:Sale Includes: Land & Building, Personal Property
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, Disposal, Microwave, Washer/Dryer
  • Interior Features:Interior Features: Furnished, Fire/Smoke Alarm(s), Mini Blinds

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block, Painted
  • Roof: Composition
  • Exterior Amenities: Landscape Water System, Desert Landscaping, Fenced, Cable TV Available, Patio/Balcony, Separate Storage, Security Light(s)

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: 1 Space/Unit, Carport, Detached Garage
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • Parking Features:Parking Features: 1 Space/Unit, Carport, Add'l Parking Avail, Detached Garage

Utilities

  • Electric: SRP
  • Cooling: Electric, 2 or More Units, Ceiling Fan(s)
  • Heating: Electric
  • Security: Security Light(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: None

Condo/Co-op/Association

  • Community Features: Heated Spa(s), Exercise Room, Barbecue

Fee Information

  • Annual Water Sewer Expense: 2016.0

Schools

  • Elementary School: Brunson-Lee Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Pat Tillman Middle School

Lot Info

  • Lot Size: 7780
  • Additional Parcels: No
  • Parcel #: 126-07-066

Multi Family

  • Owner Pays: Water, Sewer, Electricity, Trash Collection, Landscaping
  • Tenant Pays: None
  • Number Of Units Total: 2
  • Electric Expense: 4176.0
  • Annual Gross Income: 56250.0
  • Insurance Expense: 3576.0
  • Maintenance Expense: 4800.0
  • Property Net Operating Income: 49374.0
  • Annual Operating Expense: 21405.0
  • Vacancy Allowance Rate: 0.25

Tax Info

  • Tax Annual Amount: 1137.0
  • Tax Book Number: 126.0
  • Tax Lot: 1

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,137 $8,907 -- --
2024 $1,060 $8,483 -- --
2023 $1,060 $32,170 $6,430 $25,740
2022 $1,021 $23,480 $4,690 $18,790
2021 $1,039 $22,710 $4,540 $18,170
2020 $1,019 $19,500 $3,900 $15,600
2019 $1,015 $18,350 $3,670 $14,680
2018 $956 $16,350 $3,270 $13,080
2017 $916 $15,150 $3,030 $12,120
2016 $896 $14,470 $2,890 $11,580
2015 $841 $9,520 $1,900 $7,620
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/15/2026 05/15/26 For Sale $719,000 +212.6% --
03/15/2019 03/15/19 Sold $230,000 -4.2% $117 / Sq Ft View Prior Sale
03/02/2019 03/02/19 Pending -- -- --
02/28/2019 02/28/19 For Sale $240,000 0.0% $122 / Sq Ft
02/19/2019 02/19/19 Pending -- -- --
02/13/2019 02/13/19 For Sale $240,000 -- $122 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $230,000 First American Title Ins Co
Warranty Deed -- None Available
Cash Sale Deed $160,000 Empire West Title Agency
Interfamily Deed Transfer -- --
Cash Sale Deed $99,500 Security Title Agency
Quit Claim Deed -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Closed $195,000 Commercial
Closed $227,000 Commercial
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7029061

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-07-066

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