Courtesy of HomeSmart, Monica Coker Listing Contact: 480-307-1815
8 Beds
4 Baths
$899,000
1321 N 48TH Place, Phoenix AZ, 85008
Built in1960
Property typeMulti-family
Overview
Active
Listed Feb 24, 2026
Updated Sep 7
This high-yield, well-maintained fourplex in Phoenix is perfectly situated in a quiet cul-de-sac, just south of McDowell & 48th St. Featuring four 2-bedroom, 1-bathroom units, this turnkey property boasts durable block construction and ceramic tile flooring, along with several recent updates. With convenient access to major freeways, supermarket, stores, and located just across from elementary school, these units are highly desirable and in great demand. 4 UNITS FULLY OCCUPIED; Units 1 and 2 have just been remodeled/upgraded. Units 3 and 4 have long-term tenants. Roofing replaced in 2017. All water heaters are newer (2021-2025). Each unit has its own private patio as well as washer/dryer hook-ups. Separate storage room outside unit 4. Amazing 6.4% CAP.
Additional information
- MLS® ID
- 6988566
Interior Features
- Bedrooms
- 8
- Bathrooms
- 4
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Other Property Details
- Taxes
- $1,184
- Tax Frequency
- Annually
- Municipality
- 1N
Courtesy of HomeSmart, Monica Coker
Listing Contact: 480-307-1815
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Data Last Updated: 3:15 AM UTC, 9/7/2026.
