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Updated Triplex with Private Yards
For Sale
$624,900

1538 W MCKINLEY Street, Phoenix, AZ 85007

Multiple Dwellings, Phoenix, AZ

Property SizeContact for details
Days on Market10

Property Features for 1538 W MCKINLEY Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R5
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Parking features Carport
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Subdivision HOMESTEAD PLACE
Elementary school Capitol Elementary School
Middle school Capitol Elementary School
High school Central High School
Elementary school district Phoenix Elementary District
Middle school district Phoenix Union High School District
High school district Phoenix Union High School District
Standard status Active
APN 111-25-032-A

Taxes and HOA fees

Tax Year 2025
Tax Description PT OF SW4 SEC 6-T1N-3E & PT OF LTS 7 & 8 BLK 3 OF HOMESTEAD PL MCR 1-26 REFERRED TO AS LT 8 BLK 8 OF
Tax Annual Amount 3311
Legal Description PT OF SW4 SEC 6-T1N-3E & PT OF LTS 7 & 8 BLK 3 OF HOMESTEAD PL MCR 1-26 REFERRED TO AS LT 8 BLK 8 OF

Utilities

Heating system Electric (Heating)
Cooling system Ceiling Fan(s), Electric

Amenities

in-unit washer/dryer
dishwasher
private fenced yard/patio areas
low-maintenance desert landscaping

Building Details

Year built 1931
Number of units 3
Flooring type Tile - Ceramic
Building materials Wood Frame, Painted, Stucco
Roof type Composition
Listing Agency: Realty Executives Arizona Territory · Realty Executives International
Listed By: Jorge Munoz
Added: Sep 8 Changed: Sep 17 Last Checked: Sep 17 at 3:06PM
MLS# 7081271

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 R5-zoned triplex at 1538 W McKinley Street includes three separately accessed residences: one 2-bedroom/1-bath unit and two 1-bedroom/1-bath units. The 1931 property features updated interiors with ceramic tile flooring, shaker cabinetry, quartz countertops, stainless-steel appliances, dishwashers, and in-unit washer/dryer setups. Private fenced yard or patio areas accompany each residence, while rear parking includes two covered spaces. Two units received newer HVAC systems during a prior renovation.

The property is located in Phoenix near Downtown, Roosevelt Row, employment centers, dining, and entertainment destinations. Construction includes a wood-frame structure with painted stucco, a composition roof, electric heating and cooling, and ceiling fans. Off-street parking and separate residential access support the existing multifamily configuration.

Key Highlights

  • Three residences: one 2‑bedroom/1‑bath unit and two 1‑bedroom/1‑bath units
  • R5 zoning at 1538 W McKinley Street, Phoenix, AZ 85007
  • Private fenced yard or patio areas for each residence

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Barber Shop Daycare Center Nail Salon Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,222
Businesses Nearby

Demographics for 85007, AZ

14,442
Population
5,981
Households
2.4
Avg Household Size
36
Median Age
27%
College-Educated
81%
High-School Grad
4.6 sq mi
ZIP Area
3,140
Density / Sq Mi
$55,833
Median Household Income
$43,375
Median Earnings
$1,079
Median Rent
$447,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three separately entered residences combine renovated interiors with fenced outdoor areas and off-street parking.
Where is this triplex located?
The property is located at 1538 W MCKINLEY Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Three residences: one 2‑bedroom/1‑bath unit and two 1‑bedroom/1‑bath units; R5 zoning at 1538 W McKinley Street, Phoenix, AZ 85007; Private fenced yard or patio areas for each residence
More about this property
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