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    2522 W Palo Verde Dr Phoenix, AZ 85017

    New
    Under Contract
    For Sale
    $424,900

    MULTI_FAMILY - Phoenix, AZ

    Days on Market:
    3
    Last Refresh:
    Dec 7 at 5:06 pm

    Property Features for 2522 W Palo Verde Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    R3
    APN
    153-05-054-A
    Parking features
    Carport
    Appliances
    Free-Standing Range, Dishwasher, Refrigerator, Microwave

    Utilities

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

    Building Details

    Year built
    1959
    Number of units
    4
    Flooring type
    Vinyl, Carpet
    Building materials
    Painted, Block
    Roof type
    Rolled Hot Mop

    HomeSmart (602) 230-7600 [email protected]

    Listing agent Tim Esteban (480) 468-7779

    Listing date Dec 5, 2025

    MLS# 6946557 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 multifamily property presents an investment opportunity with four units, each featuring 2 bedrooms and 1 bathroom. The property consists of two duplex buildings. Two of the units are currently rented, generating immediate income at $840 and $780 per month respectively. The remaining two units are vacant and available for renovation, offering the potential for increased rents or resale value. The property is located near Grand Canyon University (GCU) and major transportation routes, making it suitable for investors seeking cash-flow potential in a high-demand rental area. This 4-plex is located in Phoenix, AZ 85017.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.113539
    Latitude
    33.522951

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property with income and renovation upside near GCU.
    Where is this quadplex located?
    The property is located at 2522 W Palo Verde Dr Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $424,900.
    What are key features of this property?
    This property features: - Four 2-bed, 1-bath units offer immediate income potential.; - Two units are currently rented, providing existing cash flow.; - Two vacant units present a value-add opportunity through renovation.
    (480) 468-7779
    Request Owner's contact information
    2522 W Palo Verde Dr Phoenix, AZ 85017
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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
    2522 W Palo Verde Dr Phoenix, AZ 85017
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