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Brick Triplex with Assigned Parking
For Sale
$900,000

1232 East Virginia Avenue, Phoenix, AZ 85006

Three-unit property with central air, natural gas heating, and paved parking.

Property SizeContact for details
Days on Market208

Property Features for 1232 East Virginia Avenue

General Information

Standard status Active
Property subtype Multiple Dwellings
Zoning R3
Net Operating Income $39,620

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $1,037

Amenities

central air conditioning
natural gas heating
concrete flooring
standard appliances
Central Air
Natural Gas
Concrete
Yes
0.0
Composition
No Pool
1
3
Brick

Building Details

Year Built 1945
Construction brick
Listing Agency: HomeSmart
Listed By: Luis Espinoza · License #SA663217000
Source: Compass
Added: Feb 4 Changed: Aug 29 Last Checked: Aug 30 at 11:40PM

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 HomeSmart

Investment Insights

Based on property information with market context.

Built in 1945, this brick triplex contains three residential units on a generous lot in Phoenix’s 85006 area. The property includes paved assigned parking, central air conditioning, natural gas heating, concrete flooring, and standard appliances. Tenants are responsible for electricity, gas, and cable services.

The property is located at 1232 East Virginia Avenue, near local amenities, transportation, and key urban corridors. R3 zoning supports the existing triplex configuration.

Key Highlights

  • Three‑unit brick building constructed in 1945
  • R3 zoning
  • Paved assigned parking on a generous lot

Property Analytics

Current Use

Jenkins Brothers Electricians Electrical Service

Suggested Use

Top Pick Locksmith Catering Service (Bike/Boat/Book/etc) Store Veterinary Clinic Carpet & Flooring Store Butcher

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

Location Intelligence

Trade Area within ½ mile

981
Businesses Nearby

Demographics for 85006, AZ

23,797
Population
10,607
Households
2.2
Avg Household Size
34
Median Age
27%
College-Educated
78%
High-School Grad
4.0 sq mi
ZIP Area
5,949
Density / Sq Mi
$60,742
Median Household Income
$39,899
Median Earnings
$1,168
Median Rent
$376,600
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
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit property with central air, natural gas heating, and paved parking.
Where is this triplex located?
The property is located at 1232 East Virginia Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Three‑unit brick building constructed in 1945; R3 zoning; Paved assigned parking on a generous lot
More about this property
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