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    Phoenix Triplex Investment Opportunity

    9027 N 11TH Street Phoenix, AZ 85020

    9027 N 11TH Street, Phoenix, AZ, 85020
    $599,900
    For Sale
    Claim this Listing
    $599,900

    MULTI_FAMILY - Phoenix, AZ

    Property Size2,700 SF
    Price / SF$222.19
    AddedMar 10
    Days on Market128
    Last RefreshJul 15 at 10:06 am

    Property Features for 9027 N 11TH Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-4
    Appliances
    Refrigerator, Washer/Dryer
    Standard status
    Active
    APN
    159-35-113-A
    Size
    2,700 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    WALTMORE PT LOT 31 & 32 DAF BEG AT PT 46F N OF SW COR LOT 32 TH E 70F TH N 80F TH W 70F TH S 80F TPO
    Tax Annual Amount
    2095

    Utilities

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

    Building Details

    Year built
    1973
    Number of units
    3
    Flooring type
    Laminate, Tile
    Building materials
    Stucco, Block
    Roof type
    Composition

    Listing agent Miguel Angel Perez License #SA668164000

    Listing office HomeSmart 7121 W Bell Road, Scottsdale, AZ

    Listing date Mar 10, 2026

    MLS# 6996997 Listing URL

    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 well-maintained triplex is located minutes from Downtown Phoenix, Arizona. Each of the three units features approximately 900 sq ft, 2 bedrooms and 1 bathroom, high ceilings, and recently remodeled interiors. The updated interiors create a bright, modern feel. Residents can enjoy mountain views along with the convenience of two dedicated parking spaces per unit. The property offers easy access to major freeways, shopping, dining, and employment centers. The zoning is R-4. This triplex is ideal for investors looking to grow their portfolio in one of Arizona's most in-demand rental markets.

    Key Highlights

    • Prime location minutes from Downtown Phoenix, offering easy access to employment, shopping, and dining.
    • Strong rental potential in a high‑demand Arizona market, ideal for investment portfolio growth.
    • Three well‑maintained units, each with 2 bedrooms, 1 bathroom, and approximately 900 sq ft.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $53.5k $19.80
    − Vacancy −$2.9k −$1.09
    EGI $50.5k $18.71
    − OpEx −$15.2k −$5.61
    NOI $35.4k $13.10
    2,700 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $505.2K
    $442.1K – $589.4K (±1% cap)
    NOI $35,364 @ 7.0% cap · market cap 5.89%
    Second Best
    Apartment 5plus
    $449.9K
    $393.7K – $524.9K (±1% cap)
    NOI $31,492 @ 7.0% cap · market cap 5.25%
    Theoretical Best
    Office A
    $817.9K
    $715.6K – $954.2K (±1% cap)
    NOI $57,250 @ 7.0% cap · market cap 9.54%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Aparments Apartment Building

    Suggested Use

    Real Estate Agency Law Firm Daycare Center Computer & Electronic Repair (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store Hair Salon Wine and Liquor Store

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

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    FAQs

    What type of property is this?
    Triplex - Well-maintained triplex near Downtown Phoenix with strong rental potential.
    Where is this triplex located?
    The property is located at 9027 N 11TH Street Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: Prime location minutes from Downtown Phoenix, offering easy access to employment, shopping, and dining.; Strong rental potential in a high‑demand Arizona market, ideal for investment portfolio growth.; Three well‑maintained units, each with 2 bedrooms, 1 bathroom, and approximately 900 sq ft.
    Contact an agent
    (623) 806-5376
    We can help!
    Contact an agent
    Miguel Angel Perez
    Real Estate License ID: SA668164000
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