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Phoenix Triplex: Strong Income Potential
For Sale
$845,000

4514 N 14TH Place, Phoenix, AZ 85014

MULTI_FAMILY - Phoenix, AZ

Days on Market96

Property Features for 4514 N 14TH Place

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R-3
Bedrooms 4
Full bathrooms 3
Rooms Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 2
Parking features Assigned, Carport
Security features Security Lighting
Exterior features Sidewalk(s)
Appliances Built-In Range, Disposal, Refrigerator, Microwave
Subdivision VICTOR PARK
Elementary school Madison Camelview Elementary
Middle school Madison Park School
High school North High School
Elementary school district Madison Elementary District
Middle school district Phoenix Union High School District
High school district Phoenix Union High School District
Directions South on 16th St to Campbell, right on Campbell to 14th Place, right on 14th Place to property on your left.
Standard status Active
APN 155-02-024

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1359

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Electric, Ceiling Fan(s)

Building Details

Year built 1968
Number of units 3
Flooring type Wood, Vinyl, Tile - Ceramic
Building materials Block
Roof type Composition
Listing Agency: My Home Group Real Estate
Listed By: William R Nager · License #SA632171000
Added: Apr 28 Changed: Jul 30 Last Checked: Aug 1 at 5:06AM
MLS# 7020424

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 triplex, located in Central Phoenix near the Biltmore Area and Downtown Phoenix, presents an investment opportunity. The gated property features two 1-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unit. The interiors have been updated while retaining mid-century character. A landscaped courtyard and semi-private patios provide a community-oriented living environment for tenants. The property includes covered parking for three vehicles and three uncovered spaces, multiple storage areas, and a shared laundry room with a washer and dryer. Each unit has separate gas and electric meters, its own HVAC system, and a water heater. The property is zoned R-3. The property offers stable cash flow and future flexibility. An owner-occupant opportunity may be available as early as July.

Key Highlights

  • Gated triplex built in 1968 with 2 one‑bedroom/one‑bath units and 1 two‑bedroom/one‑bath unit
  • Each unit is separately metered for gas and electric, with its own HVAC system and water heater
  • Covered parking for 3 vehicles plus 3 uncovered spaces, with assigned parking and carports

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Building Supply HVAC Service Food Market Electrical Service Nail Salon Grocery & Convenience Store

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
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,246
Businesses Nearby

Demographics for 85014, AZ

26,381
Population
14,778
Households
1.8
Avg Household Size
37
Median Age
43%
College-Educated
90%
High-School Grad
4.0 sq mi
ZIP Area
6,595
Density / Sq Mi
$69,995
Median Household Income
$48,465
Median Earnings
$1,339
Median Rent
$447,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Triplex - Gated triplex near Biltmore Area with modernized interiors and zero vacancy.
Where is this triplex located?
The property is located at 4514 N 14TH Place Phoenix, AZ.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Gated triplex built in 1968 with 2 one‑bedroom/one‑bath units and 1 two‑bedroom/one‑bath unit; Each unit is separately metered for gas and electric, with its own HVAC system and water heater; Covered parking for 3 vehicles plus 3 uncovered spaces, with assigned parking and carports
More about this property
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