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4701 N 23RD Drive Phoenix, AZ $ 719,900
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$ 719,900 Get more info
4701 N 23RD Drive
$ 719,900
Back to search
Share Save

4701 N 23RD Drive

Phoenix, AZ, 85015
$ 719,900
Baths0.0

Monthly Estimate*

$ 4,491

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $719,900. This home was built in 1985.

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.

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Multi-Family Active

Price

$ 719,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,728

Style

Multiple Dwellings

Year Built

1985

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6816622
Features
General
Sewer Public Sewer
Heating Heat Pump Electric
Cooling Central Air
Roof Rolled/Hot Mop
Zoning R-3
Construction Materials Painted Stucco Block
Year Built 1985
Electric SRP
Township 2N
Tax Year 2024
Ownership Fee Simple Fee Simple
Gross Income 36000.0
Community Features No Pool
County Maricopa
Net Operating Income 3000.0
Operating Expense 4728.0
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name NICELY PLACE
Garage Y/N N
Status Active
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.
High School Alhambra High School
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 6.0
Number Of Units Total 3
Lot Size Square Feet 0.0
Carport Y/N N
Elementary School Westwood Elementary School
Tax Annual Amount 1728.0
Middle/Junior High School Alhambra Traditional School
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Elementary School District Alhambra Elementary District
Tax Lot 8
Cap Rate 0.42
New Financing: Conventional True
Senior Community N
New Financing: Cash True
New Financing: VA True
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Interior
Flooring Ceramic Tile
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features 1 Space/Unit
Water Source City Franchise
Total Parking 6.0
Lot Size Area 0.0
Number of Buildings 1
Spa N
Lot Dimensions 11 378
Lot Size Acres 0.0
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 4701
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* Excluded Features
List By
Re/Max Desert Showcase

Broker

edcaro1968@gmail.com

Email

Affordability Calculator

$4,635
Per Month
97%
3%
0%
Monthly Principal & Interest
$4,491
Monthly Property Taxes
$144
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4902895 Elementary School
4327402 Middle School
Alhambra High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/11/2025$719,900 -0.01% Price Down
4/24/2025$720,000 -3.99% Price Down
4/2/2025$749,900 -0.01% Price Down
2/7/2025$750,000 Listed Price

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4701 N 23RD Drive, Phoenix, AZ, 85015 is a Multi-Family Home for sale at $719,900. 4701 N 23RD Drive is a studio with 0.0 baths and was built in 1985. The property's zip code is 85015 which is in Phoenix, AZ

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