1024 S 4th Ave, Phoenix, AZ 85003
Newer construction duplexes near Downtown Phoenix and Sky Harbor Airport.
- Added:
- Feb 27, 2026
- Days on Market:
- 129
- Last Refresh:
- Jul 2 at 8:39 am
Property Features for 1024 S 4th Ave
General Information
- Standard status
- Active
- Size
- 3,598 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2021
Listing office LevRose Commercial Real Estate
Listing date Feb 27, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of LevRose Commercial Real Estate
HighLights
- Newer construction (2021) duplex portfolio in Downtown Phoenix.
- Six total units, each with 3 bedrooms and 2.5 bathrooms.
- Attached one‑car garages and private patios for each unit.
- Strategically located near Downtown Phoenix and Sky Harbor Airport.
- Designed for strong rental demand with single‑family‑style living.
- Low‑maintenance construction.
Overview
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 | $71.2k | $19.80 |
| − Vacancy | −$3.9k | −$1.09 |
| EGI | $67.3k | $18.71 |
| − OpEx | −$20.2k | −$5.61 |
| NOI | $47.1k | $13.10 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.0797279
- Latitude
- 33.4372625
