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    2134 W Heatherbrae Dr Phoenix, AZ 85015

    New
    For Sale
    $1,250,000

    MULTI_FAMILY - Phoenix, AZ

    Days on Market:
    5
    Last Refresh:
    Dec 5 at 3:06 pm

    Property Features for 2134 W Heatherbrae Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-3
    Rooms
    Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2
    Bedrooms
    3
    APN
    154-29-029
    Parking features
    Carport
    Appliances
    Refrigerator, Free-Standing Gas Oven

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    1963
    Number of units
    9
    Flooring type
    Tile - Ceramic, Vinyl
    Building materials
    Wood Frame, Stucco
    Roof type
    Composition, Foam

    Real Living SJ Fowler Real Estate (480) 649-3536 [email protected]

    Listing agent Eric P Hegarty (480) 329-6083

    Listing date Dec 1, 2025

    MLS# 6937991 Listing URL

    Copyright © 2025 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.

    Overview

    Phoenix Multifamily Investment Opportunity

    This is an opportunity to own a nine-unit multifamily property in central Phoenix, located just off Indian School Road and one block from I-17. The property consists of three triplexes, with potential seller or residential financing available. The unit mix includes seven two-bedroom units (900+ sqft) and two one-bedroom units, along with a laundry room. Each unit features a large private backyard, with the potential for laundry hookups. The property is 100% occupied with month-to-month leases. A new roof was installed on Building 2134 in 2024. The seller is open to offers for just 2140 & 2144 (6 Units) or 2134 (3 Units). Currently self-managed, this property offers significant upside potential. Realistic conservative market rents are estimated at $1,000 to $1,200, projecting a proforma cap rate of 7.1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.105615
    Latitude
    33.497996

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    FAQs

    What type of property is this?
    Apartment building - Nine units near I-17 with residential financing options.
    Where is this apartment building located?
    The property is located at 2134 W Heatherbrae Dr Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Opportunity for Seller or Residential Financing for 3 Triplexes.; - 9 Units in Central Phoenix, close to Indian School and I-17.; - Large Private Backyards for all units, with potential for laundry hookups.
    (480) 329-6083
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2134 W Heatherbrae Dr Phoenix, AZ 85015
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