4701 N 23rd Dr Phoenix, AZ 85015
Alhambra NeighborhoodEstimated payment $3,801/month
Highlights
- Ceramic Tile Flooring
- Central Air
- 4-minute walk to Kid Street Park
- Phoenix Coding Academy Rated A
- Heat Pump System
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,728
Year Built
- Built in 1985
Home Design
- Block Exterior
- Stucco
Flooring
- Ceramic Tile Flooring
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Schools
- Westwood Elementary School
- Alhambra Traditional Middle School
- Alhambra High School
Utilities
- Central Air
- Heat Pump System
Listing and Financial Details
- Tax Lot 8
- Assessor Parcel Number 154-03-008-A
Community Details
Overview
- 3 Units
- Building Dimensions are 11,378
- Nicely Place Subdivision
Building Details
- Operating Expense $4,728
- Gross Income $36,000
- Net Operating Income $3,000
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,902 | $12,032 | -- | -- |
| 2024 | $1,737 | $11,459 | -- | -- |
| 2023 | $1,737 | $40,170 | $8,030 | $32,140 |
| 2022 | $1,710 | $30,060 | $6,010 | $24,050 |
| 2021 | $1,726 | $26,030 | $5,200 | $20,830 |
| 2020 | $1,659 | $23,060 | $4,610 | $18,450 |
| 2019 | $1,639 | $19,470 | $3,890 | $15,580 |
| 2018 | $1,513 | $16,710 | $3,340 | $13,370 |
| 2017 | $1,494 | $14,880 | $2,970 | $11,910 |
| 2016 | $1,431 | $13,020 | $2,600 | $10,420 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/01/2026 01/01/26 | Price Changed | $700,000 | -2.8% | -- |
| 10/07/2025 10/07/25 | Price Changed | $719,900 | 0.0% | -- |
| 09/18/2025 09/18/25 | Price Changed | $720,000 | 0.0% | -- |
| 07/11/2025 07/11/25 | Price Changed | $719,900 | 0.0% | -- |
| 04/24/2025 04/24/25 | Price Changed | $720,000 | -4.0% | -- |
| 04/02/2025 04/02/25 | Price Changed | $749,900 | 0.0% | -- |
| 02/07/2025 02/07/25 | For Sale | $750,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | None Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6816622
APN: 154-03-008A
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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