1321 N 48TH Place Phoenix, AZ ^$ 930,000

1321 N 48TH Place

^$ 930,000

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1321 N 48TH Place

Phoenix, AZ, 85008

^$ 930,000

Studio Baths0.0

Monthly Estimate*

^$ 5,726

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $930,000. This home was built in 1960.

This high-yield, well-maintained fourplex in Phoenix is perfectly situated in a quiet cul-de-sac, just south of McDowell & 48th St. Featuring four 2-bedroom, 1-bathroom units, this turnkey property boasts durable block construction and ceramic tile flooring, along with several recent updates. With convenient access to major freeways, supermarket, stores, and located just across from elementary school, these units are highly desirable and in great demand. Units 1 and 2 have just been remodeled/ upgraded. Units 3 and 4 have long-term tenants. Roofing replaced in 2017. All water heaters are newer (2021-2025). Each unit has its own private patio as well as washer/dryer hook-ups. Separate storage room outside unit 4. Amazing 6.5% CAP (Pro forma)

Multi-Family Active

Price

^$ 930,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,184

Style

Multiple Dwellings

Year Built

1960

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6988566

Features

General

Sewer Public Sewer

Heating Electric

Cooling Central Air Ceiling Fan(s) Electric Heat Pump Individual

Roof Composition

Zoning Multi-Family

Security Features Security Light(s)

Construction Materials Painted Block

Year Built 1960

Electric SRP

Township 1N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 0.0

Community Features No Pool

County Maricopa

Net Operating Income 0.0

Operating Expense 7384.0

Insurance Expense 1600.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

MaintenanceExpense 0.0

Subdivision Name PALOMINO ESTATES

Garage Y/N N

Status Active

Directions Head East on McDowell South on 48th St East on Culver North on 48th Place.

High School Buckeye Union High School

City Phoenix

Disclosures Seller Prop Disc Stm

High School District Buckeye Union High School District

Open Parking Spaces 5.0

Number Of Units Total 4

Carport Y/N N

Elementary School Brunson-Lee Elementary School

Tax Annual Amount 1184.0

Electric Expense 0.0

Fuel Expense 0.0

Middle/Junior High School Pat Tillman Middle School

Trash Expense 0.0

Water Sewer Expense 4100.0

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 47

New Financing: Conventional True

Senior Community N

New Financing: FHA True

New Financing: Cash True

Interior

Flooring Ceramic Tile

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Off Street >1 Space Per Unit

Water Source City Franchise

Total Parking 5.0

Number of Buildings 1

Spa N

Lot Dimensions 8640

Road Surface Type Asphalt

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1321

* Excluded Features

List By

Homesmart

Broker

Info@monicacoker.com

Affordability Calculator

$5,825

Per Month

Monthly Principal & Interest: $5,726
Monthly Property Taxes: $99
Monthly Home Insurance: --

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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 ^$1,233,064

Percent of Sale Price 33%

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.

5398891 Elementary School

5398890 Middle School

Buckeye Union High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/6/2026	$930,000		Listed Price

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1321 N 48TH Place, Phoenix, AZ, 85008 is a Multi-Family Home for sale at $930,000. 1321 N 48TH Place 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 6.25% 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 4/17/2026.

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1321 N 48TH Place

Multi-Family Home for sale in Phoenix, AZ

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