1538 W MCKINLEY Street Phoenix, AZ $ 624,900
1538 W MCKINLEY Street
$ 624,900
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1538 W MCKINLEY Street

Phoenix, AZ, 85007
$ 624,900
Bedrooms4 Baths0.0

Monthly Estimate*

$ 3,946

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Multi-Family Home for sale in Phoenix, AZ

for $624,900 with 4 bedrooms. This home was built in 1931.

Turnkey triplex opportunity near the Roosevelt Arts District! This updated multifamily property offers an attractive combination of modern interiors, private outdoor space and features designed for strong tenant appeal. Currently generating $3,700/month in gross rents. The property consists of three individually accessed residences, including a 2-bedroom/1-bath unit and two 1-bedroom/1-bath units. Interiors have been extensively updated with wood-look tile flooring, white shaker cabinetry, quartz countertops, stainless-steel appliances and beautifully finished walk-in tile showers. Each residence also offers the convenience of an IN UNIT WASHER / DRYER and dishwasher features that help set these units apart from many competing rentals. Outside, residents enjoy private fenced yard/patio areas, low-maintenance desert landscaping and off-street parking, including two covered parking spaces at the rear. Two of the three units received newer HVAC systems as part of the prior renovation. With three separate residences, updated finishes and a central Phoenix location near Downtown, Roosevelt Row and major employment, dining and entertainment destinations, this property offers an excellent opportunity for an investor looking to add a renovated multifamily asset to their portfolio.

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Multi-Family Active

Price

$ 624,900

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 3,311

Style

Multiple Dwellings

Year Built

1931

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7081271

Features
General
Sewer Sewer - Public
Heating Electric
Cooling Ceiling Fan(s) Electric
Roof Composition
Zoning R5
Construction Materials Wood Frame Painted Stucco
Year Built 1931
Electric APS
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 44400.0
Community Features No Pool
County Maricopa
Net Operating Income 38000.0
Operating Expense 8811.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name HOMESTEAD PLACE
Garage Y/N N
Status Active
High School Central High School
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 3.0
Number Of Units Total 3
Carport Y/N N
Elementary School Capitol Elementary School
Tax Annual Amount 3311.0
Electric Expense 5500.0
Middle/Junior High School Capitol Elementary School
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 Phoenix Elementary District
Tax Lot 7 8
Cap Rate 6.08
New Financing: Conventional True
Senior Community N
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Interior
Flooring Ceramic Tile
Air Conditioning Y/N Y
Heating Y/N Y
Total Bedrooms 4
Total Baths 3
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Exterior
Parking Features Carport
Water Source Master Meter
Total Parking 5.0
Number of Buildings 1
Spa N
Lot Dimensions 52' X 121'
Road Surface Type Concrete
Covered Spaces 2.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1538
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* Excluded Features
List By
Realty Executives Arizona Territory

Broker

realtor.jorge@outlook.com

Email

Affordability Calculator

$4,222
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,946
Monthly Property Taxes
$276
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
4327863 Elementary School
4327863 Middle School
Central High School High School
Pricing History
DatePricePrice ChangeDescription
9/17/2026$624,900 Listed Price

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1538 W MCKINLEY Street, Phoenix, AZ, 85007 is a Multi-Family Home for sale at $624,900. 1538 W MCKINLEY Street has 4 bedrooms, 0.0 baths, and was built in 1931. The property's zip code is 85007 which is in Phoenix, AZ