1321 N 48TH Place, Phoenix, AZ 85008
MULTI_FAMILY - Phoenix, AZ
- Added:
- Feb 23, 2026
- Days on Market:
- 134
- Last Refresh:
- Jul 7 at 10:06 am
Property Features for 1321 N 48TH Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 8
- Rooms
- Bathroom 1, Bedroom 7, Bedroom 4, Bedroom 8, Bathroom 4, Bedroom 3, Bedroom 6, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 5
- Parking features
- Off Street
- Security features
- Security Lighting
- Appliances
- Free-Standing Range, Refrigerator, Free-Standing Electric Oven, Microwave, W/D Hookup
- 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, Central Air, Ceiling Fan(s), Electric
Building Details
- Year built
- 1960
- Number of units
- 4
- Flooring type
- Tile - Ceramic
- Building materials
- Painted, Block
- Roof type
- Composition
Listing agent Monica Coker (480) 307-1815
Listing office HomeSmart 8388 E Hartford Dr #100, Scottsdale, AZ (602) 230-7600
Listing date Feb 23, 2026
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.
HighLights
- Fourplex in Phoenix with four fully occupied 2‑bedroom, 1‑bath units
- 4‑unit block construction with ceramic tile flooring throughout
- Remodeled units 1 and 2; units 3 and 4 have long‑term tenants
- Roof replaced in 2017; water heaters newer (2021–2025)
- Each unit has a private patio plus washer/dryer hookups; off‑street parking
- Separate storage room outside unit 4; 6.4% CAP noted in remarks
Overview
The property is located on a quiet cul-de-sac just south of McDowell & 48th St, with convenient access to major freeways and nearby shopping, including supermarkets and stores. It is also positioned across from an elementary school.
From a practical standpoint, this is an income-producing, turnkey asset with all four units fully occupied. Each unit has its own private patio and washer/dryer hook-ups, and there is a separate storage room outside unit 4. The listing also cites a reported 6.4% cap rate, supporting investor interest in the current operating profile.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.977256
- Latitude
- 33.4628
