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2140 W HEATHERBRAE Drive Phoenix, AZ $ 1,380,000
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2140 W HEATHERBRAE Drive
$ 1,380,000
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2140 W HEATHERBRAE Drive

Phoenix, AZ, 85015
$ 1,380,000
Bedrooms16 Baths0.0

Monthly Estimate*

$ 8,713

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Multi-Family Home for sale in Phoenix, AZ

for $1,380,000 with 16 bedrooms. This home was built in 1963.

The Heatherbrae 9 Portfolio is a prime, cash-flowing nine-unit multifamily property in Midtown Phoenix (85015). Featuring seven 2-bed/1-bath and two 1-bed/1-bath units across three single-story triplexes on a ±25,356 SF corner lot, it offers immediate rental upside and value-add potential. PROPERTY HIGHLIGHTS: - UNIT MIX: Seven 2-bed/1-bath, two 1-bed/1-bath (1963 build). - LAYOUT: Three detached single-story triplexes with private patios. - PARKING: 14 spaces (2 covered) plus on-site laundry. - UTILITIES: Individually metered electricity. LOCATION & TRANSIT: - COMMUTE: 5.5 miles to Downtown Phoenix; 9.4 miles to Sky Harbor Airport. - TRANSIT: Under 1 mile to the Valley Metro Light Rail; instant I-17 access. - NEIGHBORHOOD: Walkable Midtown corridor near arts, dining, and histor

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Multi-Family Active

Price

$ 1,380,000

Bedrooms

16

Property Type

Multi-Family

Taxes

$ 4,604

Style

Multiple Dwellings

Year Built

1963

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7066520
Features
General
Sewer Sewer-In & Connected Public Sewer
Heating Natural Gas
Cooling Central Air Electric Individual 2 or More Units
Roof Foam Shake
Zoning R-3 Phoenix
Construction Materials Wood Frame Painted Block Slump Block
Year Built 1963
Electric APS
Township 2N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 128820.0
Community Features No Pool
County Maricopa
Net Operating Income 94672.0
Operating Expense 31448.0
Insurance Expense 7200.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 4500.0
Subdivision Name PUCCINELLI PLACE
Garage Y/N N
Status Active
Directions From 19th Avenue & Camelback west to 23rd Avenue. Turn left and head south to Glenrosa. Turn left and head east to 22nd Avenue. Turn right and head south to Heatherbrae. Property on NWC of 22nd Avenu
High School Central High School
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 12.0
Number Of Units Total 9
Carport Y/N N
Elementary School Westwood Elementary School
Tax Annual Amount 4604.0
Electric Expense 0.0
Fuel Expense 0.0
Middle/Junior High School Choice Learning Academy
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Elementary School District Alhambra Elementary District
Tax Lot 9
Cap Rate 6.86
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Vinyl Concrete
Air Conditioning Y/N Y
Heating Y/N Y
Total Bedrooms 16
Total Baths 9
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Exterior
Parking Features >1 Space Per Unit
Water Source City Franchise
Total Parking 14.0
Number of Buildings 3
Spa N
Lot Dimensions 196 ft x 65 ft
Road Surface Type Asphalt
Covered Spaces 2.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2140
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* Excluded Features
List By
Abi Multifamily

Broker

natan@natanjacobs.com

Email

Affordability Calculator

$9,097
Per Month
96%
4%
0%
Monthly Principal & Interest
$8,713
Monthly Property Taxes
$384
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
4902895 Elementary School
4904138 Middle School
Central High School High School
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Pricing History
DatePricePrice ChangeDescription
8/14/2026$1,380,000 Listed Price

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2140 W HEATHERBRAE Drive, Phoenix, AZ, 85015 is a Multi-Family Home for sale at $1,380,000. 2140 W HEATHERBRAE Drive has 16 bedrooms, 0.0 baths, and was built in 1963. The property's zip code is 85015 which is in Phoenix, AZ

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