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Individually Metered Fourplex

1001 North 32nd Avenue, Phoenix, AZ 85009

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For Sale

$640,000

Four fully occupied units with individual electric meters and multiple recent upgrades for manageable ongoing operations.

Type:Multiple Dwellings

Listing Contact

Nefertari Thomas

Real Estate License ID: SA626672000

HighLights

4‑unit fourplex built in 1984 with 4 fully occupied units
Individual electric metering for each unit (individually metered for electricity)
2 units remodeled with quartz countertops, shaker cabinets, and vinyl plank and wood tile flooring
Multiple recent utility upgrades: 2 units have new A/C units and replaced water heaters (last 3 years); 1 A/C unit has a new motor
All units include ceiling fans throughout and updated interior comfort with central air and electric heating
Recently painted exterior; sidewalk access and composition roof; cement siding and block construction

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For Sale

$640,000

Four fully occupied units with individual electric meters and multiple recent upgrades for manageable ongoing operations.

Type:Multiple Dwellings

Added:: May 13, 2026
Days on Market:: 30
Last Refresh:: Jun 6 at 5:52 am

Property Features for 1001 North 32nd Avenue

General Information

Standard status: Active
Property subtype: Multiple Dwellings

Building Details

Year Built: 1984

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Listing Contact

Nefertari Thomas

Listing agent Nefertari Thomas License #SA626672000

Listing office My Home Group Real Estate

Listing date May 13, 2026

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All listing content including descriptions, pricing, images are the copyrighted material of My Home Group Real Estate

HighLights

4‑unit fourplex built in 1984 with 4 fully occupied units
Individual electric metering for each unit (individually metered for electricity)
2 units remodeled with quartz countertops, shaker cabinets, and vinyl plank and wood tile flooring
Multiple recent utility upgrades: 2 units have new A/C units and replaced water heaters (last 3 years); 1 A/C unit has a new motor
All units include ceiling fans throughout and updated interior comfort with central air and electric heating
Recently painted exterior; sidewalk access and composition roof; cement siding and block construction

Overview

This for-sale fourplex offers four individually metered units for electricity. The units feature white shaker cabinets, ceiling fans throughout, and stainless-steel appliances. Two units have been remodeled with quartz countertops, shaker cabinets, and vinyl plank and wood tile flooring, while one partially upgraded unit includes quartz countertops and shaker cabinets. Several building systems have been addressed in recent years, including two newer A/C units and water heaters replaced within the last three years, plus a new A/C motor on one unit. The exterior has also been recently painted.

The property is located near mostly residential homes and an elementary school, with downtown Phoenix within 5 miles. The complex is fully occupied, with one unit scheduled to come up for renewal in July, providing an opportunity for an owner-occupant to take possession or for a new operator to consider rehabilitation based on their goals.

For investors and owner-operators seeking a low-maintenance, turn-key residential income asset, this fourplex combines interior updates with refreshed mechanicals and individual utility metering. With all units currently leased and upgrades spread across multiple units and key systems, it supports a practical, hands-on operating approach while maintaining flexibility around the upcoming renewal.

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City: Phoenix
County: Maricopa
State: Arizona
Longitude: -112.12699
Latitude: 33.4589264

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For sale
Quadplexes
AZ
Phoenix
85009
1001 North 32nd Avenue

What type of property is this?

Quadplex - Four fully occupied units with individual electric meters and multiple recent upgrades for manageable ongoing operations.

Where is this quadplex located?

The property is located at 1001 North 32nd Avenue Phoenix, AZ.

What is the asking price?

The asking price for this property is $640,000.

What are key features of this property?

This property features: 4‑unit fourplex built in 1984 with 4 fully occupied units; Individual electric metering for each unit (individually metered for electricity); 2 units remodeled with quartz countertops, shaker cabinets, and vinyl plank and wood tile flooring