Phoenix Duplex with Rental
1331 E PUEBLO Avenue Phoenix, AZ 85040
For Sale
Under Contract
$489,000
MULTI_FAMILY - Phoenix, AZ
Property Size3,060 SF
Lot Size0.26 Acres
Price / SF$159.80
Days on Market140
Property Features for 1331 E PUEBLO Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Parking features
- Carport
- Appliances
- Free-Standing Range, W/D Hookup
- Standard status
- Active Under Contract
- APN
- 113-26-005-H
- Size
- 3,060 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CENTER GROVE TRACT MCR 18/7 LOT 19 N 147F OF W 110F EX N 25F & EX S 20F
- Tax Annual Amount
- 1031
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 2007
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Painted, Block
- Roof type
- Composition
Listing Agency:
United Southwest Realty
(480) 941-5114
Listed By:
Gregory P Johnson · License #BR008487000
(602) 717-5115
Added: Mar 5
Changed: Apr 19
Last Checked: Jul 23 at 2:06PM
MLS# 6993969
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 duplex, constructed in 2007, features a total of 3,060 square feet of living space on an 11,220 square foot lot. Each unit offers a spacious 4-bedroom, 2-bathroom layout, approximately 1,530 square feet, suitable for traditional rental, co-living arrangements, or room-by-room income strategies. Unit 2 has new flooring, ceiling fans, blinds and water heater. Each unit includes in-unit laundry hookups, central air conditioning, and heating. The property features single-level units, a large fenced yard with a patio, and covered parking for four cars, with two carports allocated to each unit, plus extra parking. The seller replaced the sewer line from Unit 2 to the city sewer in 2026.
Key Highlights
- Large 4 Bed / 2 Bath layout (~1,530 SF per unit) ideal for rental income.
- 4‑car covered parking (2 carports per unit) + extra parking.
- Each unit has in‑unit laundry hookups.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.6k | $19.80 |
| − Vacancy | −$3.3k | −$1.09 |
| EGI | $57.3k | $18.71 |
| − OpEx | −$17.2k | −$5.61 |
| NOI | $40.1k | $13.10 |
3,060 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$572.6K
$501.0K – $668.0K
NOI $40,079 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$509.9K
$446.1K – $594.8K
NOI $35,690 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$926.9K
$811.0K – $1.08M
NOI $64,883 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with large units, ideal for rental income.
Where is this duplex located?
The property is located at 1331 E PUEBLO Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Large 4 Bed / 2 Bath layout (~1,530 SF per unit) ideal for rental income.; 4‑car covered parking (2 carports per unit) + extra parking.; Each unit has in‑unit laundry hookups.
