1723 N 42ND Street Phoenix, AZ ^$ 559,000

1723 N 42ND Street

^$ 559,000

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1723 N 42ND Street

Phoenix, AZ, 85008

^$ 559,000

Studio Baths0.0

Monthly Estimate*

^$ 3,487

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $559,000. This home was built in 1960.

Investors! Do not pass up this opportunity to own a cash flowing duplex with tenants in place. Leases run through August 1st and August 15th, 2026. This property was renovated in late 2022, which included brand new A/C units for both apartments. Other renovations include new interior and exterior paint, baseboards, countertops, appliances and exterior security gate. A new, custom gate was installed in the back unit along with a new fence for any tenants with animals. A new roof was installed in August of 2025. Both units pay $1395/month. Listed for sale by owner/agent.

Multi-Family Active

Price

^$ 559,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 918

Style

Multiple Dwellings

Year Built

1960

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6916491

Features

General

Sewer Public Sewer

Heating Electric

Cooling Ceiling Fan(s) Electric

Roof Composition

Zoning R-3

Construction Materials Wood Frame Painted Block

Year Built 1960

Electric APS

Township 2N

Tax Year 2024

Ownership Fee Simple Fee Simple

Gross Income 33480.0

Community Features No Pool

County Maricopa

Net Operating Income 30925.0

Operating Expense 2555.0

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name ELLA LEE

Garage Y/N N

Status Active

Directions 44th street and Palm Directions: West on Palm and south on 42nd street.

High School Camelback High School

City Phoenix

Disclosures None

High School District Phoenix Union High School District

Open Parking Spaces 4.0

Number Of Units Total 2

Lot Size Square Feet 0.0

Carport Y/N N

Elementary School Griffith Elementary School

Tax Annual Amount 918.0

Middle/Junior High School Pat Tillman Middle School

Water Sewer Expense 1637.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Tenant

Elementary School District Balsz Elementary District

Tax Lot 7

Cap Rate 5.43

New Financing: Conventional True

Senior Community N

New Financing: FHA True

New Financing: Cash True

New Financing: VA True

Interior

Flooring Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Free >1 Space Per Unit On Street

Water Source City Franchise

Total Parking 4.0

Lot Size Area 0.0

Number of Buildings 1

Spa N

Lot Dimensions 67.26 x 100.93 x 67.26 x 101.09

Lot Size Acres 0.0

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1723

* Excluded Features

List By

Homesmart

Broker

down1905@gmail.com

Affordability Calculator

$3,564

Per Month

Monthly Principal & Interest: $3,487
Monthly Property Taxes: $77
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Phoenix, AZ

Average List Price ^$1,206,219

Percent of Sale Price 116%

About Phoenix, AZ

1,596,463 Population

20% Since 2002

^$51,132 Median Income

34.66 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327783 Elementary School

4327362 Middle School

Camelback High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/15/2025	$559,000	-1.76%	Price Down
9/9/2025	$569,000		Listed Price

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1723 N 42ND Street, Phoenix, AZ, 85008 is a Multi-Family Home for sale at $559,000. 1723 N 42ND Street is a studio with 0.0 baths and was built in 1960. The property's zip code is 85008 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/9/2025.

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1723 N 42ND Street

Multi-Family Home for sale in Phoenix, AZ

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