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    4701 N 23Rd Dr Phoenix, AZ 85015

    For Sale
    $719,900

    MULTI_FAMILY - Phoenix, AZ

    Days on Market:
    38
    Last Refresh:
    Dec 6 at 7:06 pm

    Property Features for 4701 N 23Rd Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-3
    Rooms
    Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 5, Bathroom 6, Bedroom 3, Bedroom 6, Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 5
    Bedrooms
    6
    APN
    154-03-008-A
    Appliances
    Free-Standing Range, Refrigerator

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1985
    Number of units
    3
    Flooring type
    Tile - Ceramic
    Building materials
    Painted, Stucco, Block
    Roof type
    Rolled Hot Mop

    RE/MAX Desert Showcase (623) 979-8888 [email protected]

    Listing agent Edward D Caro (602) 296-0100

    Listing date Oct 30, 2025

    MLS# 6816622 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 Triplex Investment Opportunity

    Located in the heart of Central Phoenix, this well-maintained triplex at 4701 N 23rd Dr, Phoenix AZ 85015, presents an excellent investment opportunity. Constructed in 1985, the property features three units, each with 2 bedrooms and 2 bathrooms, and approximately 996 square feet. The property is fully occupied with reliable long-term tenants, providing steady cash flow. Each unit is individually metered, allowing tenants to pay their own utilities. Zoned R-3, this multi-unit rental is positioned for continued growth in the desirable 85015 area. The property is situated near I-17, major employers, dining, and shopping, making it a smart choice for investors seeking income potential in the Phoenix rental market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -112.109185
    Latitude
    33.506106

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    FAQs

    What type of property is this?
    Triplex - Well-maintained triplex in Central Phoenix with long-term tenants.
    Where is this triplex located?
    The property is located at 4701 N 23Rd Dr Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $719,900.
    What are key features of this property?
    This property features: - Fully occupied triplex ensuring steady cash flow with reliable long-term tenants.; - Each unit is individually metered, tenants responsible for utilities.; - Located in the heart of Central Phoenix (85015) near I-17, major employers, dining, and shopping.
    (602) 296-0100
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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
    4701 N 23Rd Dr Phoenix, AZ 85015
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