3823 N 23RD Drive Phoenix, AZ ^$ 899,900

3823 N 23RD Drive

^$ 899,900

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3823 N 23RD Drive

Phoenix, AZ, 85015

^$ 899,900

Studio Baths0.0

Monthly Estimate*

^$ 5,541

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $899,900. This home was built in 1985.

Words can't fully capture the value of this impeccably maintained four-plex, where pride of ownership is evident throughout. Ideally situated in a highly desirable rental community, this property offers both stability and long-term upside for any investor. Each of the four units features a 2-bedroom, 1-bath layout with 926 square feet, providing comfortable and functional living spaces that remain in high demand. Three units are currently occupied, delivering immediate cash flow, while Unit #4 is vacant and available to show. Each unit includes French doors leading to a spacious front deck or patio area, creating a welcoming indoor-outdoor feel. The downstairs units enjoy private fenced yards, a rare amenity that enhances tenant appeal.

Multi-Family Active

Price

^$ 899,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,322

Style

Multiple Dwellings

Year Built

1985

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6986773

Features

General

Sewer Public Sewer

Heating Heat Pump Electric

Cooling Electric Heat Pump

Roof Composition

Zoning Multi

Security Features Security Light(s) Fire Sprinklers

Construction Materials Wood Frame Stucco

Year Built 1985

Electric SRP

Township 2N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 39656.8

Community Features No Pool

County Maricopa

Net Operating Income 36201.0

Operating Expense 7865.0

Insurance Expense 1643.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

MaintenanceExpense 0.0

Subdivision Name GERARDO PARK LOTS 1-10

Garage Y/N N

Status Active

City Phoenix

Disclosures None

High School District Phoenix Union High School District

Open Parking Spaces 10.0

Number Of Units Total 4

Carport Y/N N

Tax Annual Amount 2322.0

Electric Expense 420.0

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 2280.0

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 Alhambra Elementary District

Tax Lot 31

Cap Rate 4.02

New Financing: Conventional True

Senior Community N

New Financing: Cash True

New Financing: VA True

Exterior

Exterior Amenities Sidewalk(s)

Parking Features Paved Free >1 Space Per Unit

Water Source City Franchise

Total Parking 10.0

Number of Buildings 1

Spa N

Lot Dimensions IRR

Road Surface Type Asphalt

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Interior

Flooring Ceramic Tile

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Internal Only

Street Number 1 3823

* Excluded Features

List By

Exp Realty

Broker

JOSH@JOSHZUNIGA.COM

Affordability Calculator

$5,734

Per Month

Monthly Principal & Interest: $5,541
Monthly Property Taxes: $194
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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 ^$1,285,462

Percent of Sale Price 43%

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
2/19/2026	$899,900		Listed Price

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3823 N 23RD Drive, Phoenix, AZ, 85015 is a Multi-Family Home for sale at $899,900. 3823 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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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 2/20/2026.

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3823 N 23RD Drive

Multi-Family Home for sale in Phoenix, AZ

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