Well-Maintained
1321 N 48TH Place Phoenix, AZ 85008
For Sale
$929,900
MULTI_FAMILY - Phoenix, AZ
Days on Market155
Property Features for 1321 N 48TH Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
8
Rooms
Bathroom 2, Bedroom 7, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 8, Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 3, Bedroom 3
Parking features
Off Street
Security features
Security Lighting
Appliances
Free-Standing Range, Refrigerator, Free-Standing Electric Oven, Microwave, W/D Hookup
Standard status
Active
APN
125-13-092-A
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1184
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric, Ceiling Fan(s), Heat Pump, Central Air
Building Details
Year built
1960
Number of units
4
Flooring type
Tile - Ceramic
Building materials
Painted, Block
Roof type
Composition
Listing Agency:
HomeSmart
(602) 230-7600
Listed By:
Monica Coker · License #SA641419000
(480) 307-1815
Added: Feb 23
Changed: Jul 28
Last Checked: Jul 28 at 8:06AM
MLS# 6988566
Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained fourplex offers four separate 2-bedroom, 1-bathroom units in durable block construction. Interior finishes include ceramic tile flooring, and several recent updates have been completed. Units 1 and 2 have been remodeled/upgraded, while units 3 and 4 are occupied by long-term tenants. Roofing was replaced in 2017, and all water heaters are newer, dated between 2021 and 2025.
The property is located on a quiet cul-de-sac just south of McDowell & 48th St, with convenient access to major freeways and nearby shopping, including supermarkets and stores. It is also positioned across from an elementary school.
From a practical standpoint, this is an income-producing, turnkey asset with all four units fully occupied. Each unit has its own private patio and washer/dryer hook-ups, and there is a separate storage room outside unit 4. The listing also cites a reported 6.4% cap rate, supporting investor interest in the current operating profile.
The property is located on a quiet cul-de-sac just south of McDowell & 48th St, with convenient access to major freeways and nearby shopping, including supermarkets and stores. It is also positioned across from an elementary school.
From a practical standpoint, this is an income-producing, turnkey asset with all four units fully occupied. Each unit has its own private patio and washer/dryer hook-ups, and there is a separate storage room outside unit 4. The listing also cites a reported 6.4% cap rate, supporting investor interest in the current operating profile.
Key Highlights
- Fourplex in Phoenix with 4 fully occupied 2‑bedroom, 1‑bath units
- Block construction with ceramic tile flooring throughout and off‑street parking
- Roof replaced in 2017; water heaters newer (2021‑2025)
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Turnkey fourplex with four 2-bedroom units, private patios, and recent upgrades, fully occupied and ready for ownership.
Where is this quadplex located?
The property is located at 1321 N 48TH Place Phoenix, AZ.
What is the asking price?
The asking price for this property is $929,900.
What are key features of this property?
This property features: Fourplex in Phoenix with 4 fully occupied 2‑bedroom, 1‑bath units; Block construction with ceramic tile flooring throughout and off‑street parking; Roof replaced in 2017; water heaters newer (2021‑2025)
