2522 W Palo Verde Drive Phoenix, AZ ^$ 424,900

2522 W Palo Verde Drive

^$ 424,900

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2522 W Palo Verde Drive

Phoenix, AZ, 85017

^$ 424,900

Studio Baths0.0

Monthly Estimate*

^$ 2,651

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $424,900. This home was built in 1959.

4-Plex Investment Opportunity! Discover this incredible value-add multifamily property featuring four 2-bed, 1-bath units across two duplex buildings at 2522 & 2528 W Palo Verde Dr, Phoenix, AZ 85017. Two units (2522 B & 2528 B) are currently rented at $840 and $780 per month, providing immediate income. The remaining two units are vacant and ready for renovation, offering great upside potential for increased rents or resale value. Located near GCU and major transportation routes, this property is perfect for investors seeking strong cash-flow potential in a high-demand rental area. With a little vision and improvement, this 4-plex can become a top performer in your portfolio!

Multi-Family Contingent

Price

^$ 424,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,873

Style

Multiple Dwellings

Year Built

1959

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6946557

Features

General

Sewer Public Sewer

Heating Electric

Cooling Electric

Roof Rolled/Hot Mop

Zoning R3

Construction Materials Painted Block

Year Built 1959

Electric SRP

Township 2N

Tax Year 2024

Ownership Fee Simple Fee Simple

Gross Income 0.0

Community Features No Pool

County Maricopa

Net Operating Income 20837.0

Operating Expense 1873.0

Insurance Expense 0.0

Property Type Multiple Dwellings

Attached Garage N

MaintenanceExpense 0.0

Subdivision Name Bethany Main

Garage Y/N N

Status UCB (Under Contract-Backups)

High School Alhambra High School

City Phoenix

Disclosures None

High School District Phoenix Union High School District

Open Parking Spaces 4.0

Number Of Units Total 4

Carport Y/N N

Elementary School Alhambra Preschool Academy

Tax Annual Amount 1873.0

Electric Expense 0.0

Fuel Expense 0.0

Middle/Junior High School Alhambra Traditional School

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active Under Contract

Elementary School District Alhambra Elementary District

Tax Lot 25

Cap Rate 4.9

New Financing: Conventional True

Senior Community N

Interior

Flooring Carpet Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Add'l Parking Avail Carport

Water Source City Franchise

Total Parking 8.0

Number of Buildings 2

Spa N

Lot Dimensions 14600

Covered Spaces 4.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 2522

* Excluded Features

List By

Homesmart

Broker

timestebanrealtor@gmail.com

Affordability Calculator

$2,807

Per Month

Monthly Principal & Interest: $2,651
Monthly Property Taxes: $156
Monthly Home Insurance: --

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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 ^$1,164,455

Percent of Sale Price 174%

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.

4925457 Elementary School

4327402 Middle School

Alhambra High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/13/2025	$424,900		Listed Price

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2522 W Palo Verde Drive, Phoenix, AZ, 85017 is a Multi-Family Home for sale at $424,900. 2522 W Palo Verde Drive is a studio with 0.0 baths and was built in 1959. The property's zip code is 85017 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 12/8/2025.

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2522 W Palo Verde Drive

Multi-Family Home for sale in Phoenix, AZ

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