Modern Income-Producing
For Sale
$489,900
1732 E WOOD Street, Phoenix, AZ 85040
Multiple Dwellings, Phoenix, AZ
Property SizeContact for details
Days on Market90
Property Features for 1732 E WOOD Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3
Parking features
Carport
Appliances
Built-In Range, Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave, W/D Hookup
Subdivision
BELMONT PARK
Elementary school
Percy L Julian School
Middle school
Percy L Julian School
High school
South Mountain High School
Elementary school district
Roosevelt Elementary District
Middle school district
Phoenix Union High School District
High school district
Phoenix Union High School District
Standard status
Active
APN
122-19-046
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4284
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Heat Pump, Central Air, Ceiling Fan(s)
Building Details
Year built
2023
Number of units
2
Flooring type
Carpet, Tile
Building materials
Wood Frame, Stucco
Roof type
Composition
Listing Agency:
RE/MAX Excalibur · RE/MAX International
(480) 355-3500
Listed By:
Dean Selvey · License #SA020464000
(480) 254-6444
Added: Jun 10
Changed: Aug 31
Last Checked: Sep 7 at 7:06PM
MLS# 7039988
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 Phoenix duplex contains two residential units and is fully leased. Each side includes wood-look tile flooring, Samsung stainless appliances, 42-inch espresso cabinetry, 2-inch wood blinds, and updated interior finishes. The building is wood-frame construction with stucco, composition roofing, electric heating, central air, heat pumps, and ceiling fans. Each unit also has washer and dryer hookups, while carport parking serves the property.
Tenants pay their own electric service, and the landlord covers water and sewer through the public sewer system. The property is zoned R3 and includes built-in kitchen appliances, refrigerators, microwaves, dishwashers, disposals, and electric ovens. A 7% cap rate is reported, with current occupancy reflected by the fully leased configuration.
Tenants pay their own electric service, and the landlord covers water and sewer through the public sewer system. The property is zoned R3 and includes built-in kitchen appliances, refrigerators, microwaves, dishwashers, disposals, and electric ovens. A 7% cap rate is reported, with current occupancy reflected by the fully leased configuration.
Key Highlights
- Fully leased duplex with two residential units
- 7% cap rate
- R3 zoning in Phoenix
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Explore this area
Business Placement
Demographics for 85040, AZ
33,993
Population
11,962
Households
2.8
Avg Household Size
30
Median Age
15%
College-Educated
69%
High-School Grad
10.1 sq mi
ZIP Area
3,366
Density / Sq Mi
$57,890
Median Household Income
$36,355
Median Earnings
$1,193
Median Rent
$294,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully leased two-unit property with contemporary finishes, separate electric responsibility, and R3 zoning in Phoenix.
Where is this duplex located?
The property is located at 1732 E WOOD Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Fully leased duplex with two residential units; 7% cap rate; R3 zoning in Phoenix
