3702 E Polk Street Phoenix, AZ $ 575,000
3702 E Polk Street
$ 575,000
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3702 E Polk Street

Phoenix, AZ, 85008
$ 575,000
Baths0.0

Monthly Estimate*

$ 3,631

3702 E Polk Street, Phoenix, AZ 85008 - Image 1
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3702 E Polk Street, Phoenix, AZ 85008 - Image 3
3702 E Polk Street, Phoenix, AZ 85008 - Image 4
3702 E Polk Street, Phoenix, AZ 85008 - Image 5
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3702 E Polk Street, Phoenix, AZ 85008 - Image 8
Studio

Multi-Family Home for sale in Phoenix, AZ

for $575,000. This home was built in 1983.

Exceptional investment opportunity to acquire a well-located four-unit apartment Ideally situated just minutes from Downtown Phoenix, Phoenix Sky Harbor International Airport, and major freeways, this property offers strong rental demand and outstanding value-add potential. The property features four 2-bedroom, 1-bathroom units, providing an attractive unit mix for tenants. Investors will appreciate the significant upside in rental income, with below-market rents offering the opportunity to increase cash flow over time. Recent capital improvements include a roof replaced approximately two years ago and two HVAC units replaced approximately two years ago, helping to minimize near-term maintenance costs. Each unit is individually metered for electricity, while low City of Phoenix water, sewer, Trash and taxes contribute to an efficient operating expense ratio. All facts and figures are approximate, buyer to verify to their own satisfaction.

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Multi-Family Active

Price

$ 575,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,080

Style

Multiple Dwellings

Year Built

1983

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7055439

Features
General
Sewer Public Sewer
Heating Individual Electric
Cooling Heat Pump Individual
Roof Composition
Zoning R-3
Construction Materials Stucco Block
Year Built 1983
Electric APS Individual Meter
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 35100.0
Community Features Other
County Maricopa
Net Operating Income 29400.0
Operating Expense 5700.0
Insurance Expense 1860.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 0.0
Garage Y/N N
Status Active
Directions From Van Buren & 37th St. North to Polk Property is on the Northeast Corner.
City Phoenix
Disclosures None
Open Parking Spaces 8.0
Number Of Units Total 4
Carport Y/N N
Tax Annual Amount 1080.0
Electric Expense 0.0
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 2760.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Lot UK
Cap Rate 5.11
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Tile Carpet Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features >1 Space Per Unit
Water Source City Franchise
Total Parking 8.0
Number of Buildings 2
Spa N
Lot Dimensions 108 X 52
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 3702
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* Excluded Features
List By
Levrose Real Estate

Broker

ehegarty@levrose.com

Email

Affordability Calculator

$3,721
Per Month
98%
2%
0%
Monthly Principal & Interest
$3,631
Monthly Property Taxes
$90
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
260072 Elementary School
263420 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/17/2026$575,000 Listed Price

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3702 E Polk Street, Phoenix, AZ, 85008 is a Multi-Family Home for sale at $575,000. 3702 E Polk Street is a studio with 0.0 baths and was built in 1983. The property's zip code is 85008 which is in Phoenix, AZ