4401 N 53RD Lane Phoenix, AZ $ 550,000
4401 N 53RD Lane
$ 550,000
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4401 N 53RD Lane

Phoenix, AZ, 85031
$ 550,000
Bedrooms9 Baths0.0

Monthly Estimate*

$ 3,473

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Multi-Family Home for sale in Phoenix, AZ

for $550,000 with 9 bedrooms. This home was built in 1973.

GREAT MULTI-UNIT INVESTMENT PROPERTY! 100% occupancy. Four units with private entrances, spacious floor plans, and ample parking. Updates include 3 updated showers, hot water heaters, & exterior paint. Unit 3 and 4 have a shared balcony. Unit 1 and 2 have spacious fenced patios. Each unit has a garage. Unit 1 has a two car garage. Regular maintenance performed. Property is walking distance to school, medical, shopping, Walmart, library, park, & more! Quick access to highway 17 and the 60!! Tenants' rights apply, do not disturb tenants.

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Multi-Family Active

Price

$ 550,000

Bedrooms

9

Property Type

Multi-Family

Taxes

$ 2,837

Style

Multiple Dwellings

Year Built

1973

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7071204

Features
General
Sewer Public Sewer
Heating Electric
Cooling Ceiling Fan(s) Electric
Roof Tile
Zoning MULTI
Security Features Security Light(s)
Construction Materials Wood Frame Painted Stucco
Year Built 1973
Electric SRP Individual Meter
Township 2N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 47328.0
Community Features No Pool
County Maricopa
Net Operating Income 27600.0
Operating Expense 13443.0
Insurance Expense 3778.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name PARKWAY VILLAGE
Garage Y/N Y
Status Active
Directions From Maryvale turn onto Turney. Turn right onto 53rd Lane. Corner property.
High School Maryvale High School
City Phoenix
Disclosures Seller Prop Disc Stm
High School District Phoenix Union High School District
Open Parking Spaces 0.0
Number Of Units Total 4
Carport Y/N N
Elementary School John F. Long
Tax Annual Amount 2837.0
Electric Expense 0.0
Fuel Expense 0.0
Middle/Junior High School Marc T. Atkinson Middle School & Gifted Academy
Trash Expense 0.0
Water Sewer Expense 2400.0
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 Cartwright Elementary District
Tax Lot 20
Cap Rate 5.02
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Exterior
Exterior Amenities Sidewalk(s)
Parking Features Paved Add'l Parking Avail On Street
Water Source Master Meter City Franchise
Total Parking 5.0
Number of Buildings 1
Spa N
Lot Dimensions 8371
Road Surface Type Asphalt
Covered Spaces 5.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Flooring Carpet Ceramic Tile Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Bedrooms 9
Total Baths 8
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Internal Only
Street Number 1 4401
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* Excluded Features
List By
Exp Realty

Broker

info@hobgoodhometeam.com

Email

Affordability Calculator

$3,709
Per Month
94%
6%
0%
Monthly Principal & Interest
$3,473
Monthly Property Taxes
$236
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
4337976 Elementary School
4897618 Middle School
Maryvale High School High School
Pricing History
DatePricePrice ChangeDescription
9/1/2026$550,000 Listed Price

Map


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4401 N 53RD Lane, Phoenix, AZ, 85031 is a Multi-Family Home for sale at $550,000. 4401 N 53RD Lane has 9 bedrooms, 0.0 baths, and was built in 1973. The property's zip code is 85031 which is in Phoenix, AZ