398 N 20TH Drive Phoenix, AZ ^$ 560,000

398 N 20TH Drive

^$ 560,000

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Recently Listed

398 N 20TH Drive

Phoenix, AZ, 85009

^$ 560,000

Studio Baths0.0

Monthly Estimate*

^$ 3,494

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $560,000. This home was built in 1984.

*Seller Must Close Prior to the End of the Year* 398 North 20th Drive is a 4-unit, garden-style property, originally constructed in 1984. This clean and well-kept fourplex features 100% two-bedroom/one-bathroom units, each individually metered for electricity. While fully occupied and positioned for immediate cash flow, the asset also presents a lighter value-add opportunity through continued interior and exterior upgrades, supported by ample on-site parking and a desirable west Phoenix location. Situated in close proximity to downtown, the Arizona Capitol Museum, and major freeway access, the property offers both convenience and attractive upside for future ownership.

Multi-Family Active

Price

^$ 560,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 954

Style

Multiple Dwellings

Year Built

1984

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6953330

Features

General

Sewer Public Sewer

Heating Electric

Cooling Central Air Electric

Roof Composition

Zoning R-3

Construction Materials Wood Frame Stucco

Year Built 1984

Electric Individual Meter

Township 1N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 58767.0

Community Features See Remarks

County Maricopa

Net Operating Income 43184.0

Operating Expense 15583.0

Insurance Expense 2156.0

Property Type Multiple Dwellings

Attached Garage N

MaintenanceExpense 3117.0

Subdivision Name CHRISTY CROFT

Garage Y/N N

Status Active

City Phoenix

Disclosures None

High School District Phoenix Union High School District

Open Parking Spaces 6.0

Number Of Units Total 4

Carport Y/N N

Tax Annual Amount 954.0

Electric Expense 0.0

Fuel Expense 0.0

Trash Expense 1946.0

Water Sewer Expense 1285.0

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 Phoenix Elementary District

Tax Lot 22

Cap Rate 7.71

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 Paved >1 Space Per Unit

Water Source City Franchise

Total Parking 6.0

Number of Buildings 2

Spa N

Lot Dimensions 7647 sqft

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 398

* Excluded Features

List By

Abi Multifamily

Broker

bryce.neagle@abimultifamily.com

Affordability Calculator

$3,573

Per Month

Monthly Principal & Interest: $3,494
Monthly Property Taxes: $80
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 ^$1,164,455

Percent of Sale Price 108%

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.

4327165 Elementary School

4327058 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/2/2025	$560,000		Listed Price

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398 N 20TH Drive, Phoenix, AZ, 85009 is a Multi-Family Home for sale at $560,000. 398 N 20TH Drive is a studio with 0.0 baths and was built in 1984. The property's zip code is 85009 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 12/6/2025.

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398 N 20TH Drive

Multi-Family Home for sale in Phoenix, AZ

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