3823 N 23RD Drive Phoenix, AZ $ 799,900
3823 N 23RD Drive
$ 799,900
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3823 N 23RD Drive

Phoenix, AZ, 85015
$ 799,900
Baths0.0

Monthly Estimate*

$ 5,051

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $799,900. 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.

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Multi-Family Active

Price

$ 799,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,322

Style

Multiple Dwellings

Year Built

1985

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7056928

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 45600.0
Community Features No Pool
County Maricopa
Net Operating Income 39096.0
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 11-39
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 4.89
New Financing: Conventional True
Senior Community N
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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
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Interior
Flooring Ceramic Tile
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Internal Only
Street Number 1 3823
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* Excluded Features
List By
Exp Realty

Broker

JOSH@JOSHZUNIGA.COM

Email

Affordability Calculator

$5,244
Per Month
96%
4%
0%
Monthly Principal & Interest
$5,051
Monthly Property Taxes
$194
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
4327165 Elementary School
4327058 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/22/2026$799,900 Listed Price

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3823 N 23RD Drive, Phoenix, AZ, 85015 is a Multi-Family Home for sale at $799,900. 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