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4421 N 53RD Lane Phoenix, AZ $ 614,500
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4421 N 53RD Lane
$ 614,500
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4421 N 53RD Lane

Phoenix, AZ, 85031
$ 614,500
Baths0.0

Monthly Estimate*

$ 3,784

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $614,500. This home was built in 1973.

Excellent value-add investment opportunity with immediate upside potential. All four units are currently tenant occupied at below-market rents, creating an opportunity to increase income through rental adjustments or unit renovations. The property features a desirable unit mix consisting of one 3BD/2BA, two 2BD/2BA units, and one 2BD/1BA unit. The ground-floor units each offer private yard space, adding desirable outdoor amenities for tenants. Each unit is individually metered for electricity, and the property includes a shared on-site laundry facility along with garage parking. Conveniently located near major local and regional employment centers, Grand Canyon University, the YMCA, Maryvale Park and pool facilities, schools, healthcare providers, and shopping centers.

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Multi-Family Active

Price

$ 614,500

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,884

Style

Multiple Dwellings

Year Built

1973

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7031584
Features
General
Sewer Public Sewer
Heating Other See Remarks
Cooling Other See Remarks
Roof Tile
Zoning R-4
Construction Materials Wood Frame Painted Stucco Block
Year Built 1973
Electric APS
Township 2N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 62157.6
Community Features No Pool
County Maricopa
Net Operating Income 45417.0
Operating Expense 16739.0
Insurance Expense 2000.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 3107.0
Subdivision Name PARKWAY VILLAGE
Garage Y/N Y
Status Active
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
Tax Annual Amount 2884.0
Water Sewer Expense 4320.0
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 Cartwright Elementary District
Tax Lot 16
Cap Rate 7.39
New Financing: Conventional True
Senior Community N
New Financing: FHA True
New Financing: Cash True
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Interior
Flooring Other
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Add'l Parking Avail >1 Space Per Unit
Water Source City Franchise
Total Parking 9.0
Number of Buildings 1
Spa N
Lot Dimensions 9769
Road Surface Type Asphalt
Covered Spaces 5.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 4421
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* Excluded Features
List By
Compass

Broker

zcoty@thecotygroup.com

Email

Affordability Calculator

$4,024
Per Month
94%
6%
0%
Monthly Principal & Interest
$3,784
Monthly Property Taxes
$240
Monthly 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
4327165 Elementary School
4327058 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/26/2026$614,500 Listed Price

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4421 N 53RD Lane, Phoenix, AZ, 85031 is a Multi-Family Home for sale at $614,500. 4421 N 53RD Lane is a studio with 0.0 baths and was built in 1973. The property's zip code is 85031 which is in Phoenix, AZ

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