4201 E ALMERIA Road # 1
Phoenix, AZ, 85008 $ 719,000
Baths0.0 Monthly Estimate*
$ 4,540
Studio for $719,000. This home was built in 1969.
Turnkey furnished duplex investment opportunity in the heart of Phoenix! Located at 4201 E Almeria Rd, this income-producing multi-family property is currently operating as a successful short-term rental with a strong 4.79-star guest rating and 94.4% five-star reviews. With no HOA, recent major system updates, and all furnishings included, this property is ready to continue generating income from day one. The duplex offers two separate living spaces, including a 2-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit. Currently configured for room-by-room short-term rentals, the property provides multiple income strategies including Airbnb, corporate housing, mid-term rentals, traveling professionals, seasonal visitors, or traditional long-term tenants. The sale includes all existing furnishings, appliances, refrigerators, washers, and dryers, creating a true turnkey investment opportunity. Recent improvements include HVAC replacement in Unit 1 (2021) and Unit 2 (2022), water heater replacement in Unit 1 (2023) and Unit 2 (2021), plus additional interior updates and light remodeling throughout the property. Ideally situated near Phoenix Sky Harbor International Airport, Old Town Scottsdale, Downtown Phoenix, Tempe, Arizona State University, major employment corridors, and Cactus League Spring Training facilities, this location attracts both business and leisure travelers year-round. Residents and guests enjoy convenient access to shopping, dining, entertainment, golf, freeways, and some of the Valley's most popular destinations. Whether you're seeking a cash-flowing investment property, furnished duplex, house-hacking opportunity, short-term rental portfolio addition, or multi-generational living solution, this Phoenix duplex offers flexibility, location, and proven rental performance in one of the Valley's most desirable rental markets.
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FeaturesGeneralSewer Public Sewer
Heating Electric
Cooling Ceiling Fan(s) Electric 2 or More Units
Roof Composition
Zoning R-3
Security Features Security Light(s)
Construction Materials Painted Block
Year Built 1969
Electric SRP
Township 2N
Unit Number 1
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 56250.0
Community Features Barbecue Exercise Room Heated Spa(s)
County Maricopa
Net Operating Income 49374.0
Operating Expense 21405.0
Insurance Expense 3576.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 4800.0
Subdivision Name ELLA LEE
Garage Y/N N
Status Active
Directions McDowell Rd to 41st Place North on 41st Pl to Almeria Rd Right on Almeria Rd to 5th property on the right.
High School Camelback High School
City Phoenix
Disclosures Seller Prop Disc Stm
High School District Phoenix Union High School District
Open Parking Spaces 2.0
Number Of Units Total 2
Carport Y/N N
Elementary School Brunson-Lee Elementary School
Tax Annual Amount 1137.0
Electric Expense 4176.0
Fuel Expense 0.0
Middle/Junior High School Pat Tillman Middle School
Trash Expense 0.0
Water Sewer Expense 2016.0
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 Interim Occupant
Elementary School District Balsz Elementary District
Tax Lot 1
Cap Rate 6.87
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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InteriorFlooring Tile
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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ExteriorParking Features Detached Garage Add'l Parking Avail 1 Space/Unit Carport
Water Source City Franchise
Total Parking 4.0
Number of Buildings 1
Spa N
Lot Dimensions 7780
Road Surface Type Asphalt Dirt
Covered Spaces 2.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList Bykpattersonhomesaz@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,540
- Monthly Property Taxes
- $95
- 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.
Learn more about how to save NearbyMulti-family listings in Phoenix, AZ
Average List Price $1,089,909
Percent of Sale Price 52%
About Phoenix, AZ 1,596,463 Population
20% Since 2002
$ 51,132 Median Income
34.66 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
4327400 Elementary School
4327362 Middle School
Camelback High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/15/2026 | $719,000 | | Listed Price |