Quadplex with Private
For Sale
$929,900
1321 N 48TH Place, Phoenix, AZ 85008
MULTI_FAMILY - Phoenix, AZ
Property SizeContact for details
Days on Market180
Property Features for 1321 N 48TH Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
8
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 7, Bedroom 8, Bathroom 1, Bedroom 2, Bedroom 5, Bedroom 4, Bedroom 1, Bedroom 6
Parking features
Off Street
Security features
Security Lighting
Appliances
Free-Standing Range, Refrigerator, Free-Standing Electric Oven, Microwave, W/D Hookup
Subdivision
PALOMINO ESTATES
Elementary school
Brunson-Lee Elementary School
Middle school
Pat Tillman Middle School
High school
Buckeye Union High School
Elementary school district
Balsz Elementary District
Middle school district
Buckeye Union High School District
High school district
Buckeye Union High School District
Directions
Head East on McDowell, South on 48th St, East on Culver, North on 48th Place.
Standard status
Active
APN
125-13-092-A
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1184
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Heat Pump, Ceiling Fan(s), Central Air, Electric
Amenities
private patio
washer/dryer hook-ups
storage room
Building Details
Year built
1960
Number of units
4
Flooring type
Tile - Ceramic
Building materials
Painted, Block
Roof type
Composition
Listing Agency:
HomeSmart
(602) 230-7600
Listed By:
Monica Coker · License #SA641419000
(480) 307-1815
Added: Feb 23
Changed: Aug 5
Last Checked: Aug 22 at 1:06PM
MLS# 6988566
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 quadplex is a four-unit, residential income property built with durable block construction and finished with ceramic tile flooring. The offering includes four 2-bedroom, 1-bath units, with all four units fully occupied. Units 1 and 2 have recently been remodeled or upgraded, while Units 3 and 4 are described as having long-term tenants.
The property includes a private patio for each unit and washer/dryer hook-ups. There is also a separate storage room outside unit 4. Additional property features include composition roofing, off-street parking, and electric heating and cooling with central air and ceiling fans.
Recent updates cited include roof replacement in 2017 and newer water heaters (2021-2025). The property is zoned Multi-Family and served by public sewer. Cooling and heating are electric, with heat pump equipment listed. The reported cap rate is 6.4%.
The property includes a private patio for each unit and washer/dryer hook-ups. There is also a separate storage room outside unit 4. Additional property features include composition roofing, off-street parking, and electric heating and cooling with central air and ceiling fans.
Recent updates cited include roof replacement in 2017 and newer water heaters (2021-2025). The property is zoned Multi-Family and served by public sewer. Cooling and heating are electric, with heat pump equipment listed. The reported cap rate is 6.4%.
Key Highlights
- Four 2‑bedroom, 1‑bath units with all four units fully occupied
- Private patio for each unit plus washer/dryer hook‑ups
- Units 1 and 2 remodeled or upgraded
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
Explore this area
Business Placement
Demographics for 85008, AZ
59,047
Population
24,508
Households
2.4
Avg Household Size
30
Median Age
24%
College-Educated
75%
High-School Grad
10.2 sq mi
ZIP Area
5,789
Density / Sq Mi
$61,369
Median Household Income
$36,969
Median Earnings
$1,300
Median Rent
$323,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained fourplex with private patios and washer/dryer hook-ups for each unit in a quiet cul-de-sac setting.
Where is this quadplex located?
The property is located at 1321 N 48TH Place Phoenix, AZ.
What is the asking price?
The asking price for this property is $929,900.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units with all four units fully occupied; Private patio for each unit plus washer/dryer hook‑ups; Units 1 and 2 remodeled or upgraded
