Updated Four-Unit
For Sale
$899,000
1321 N 48TH Place, Phoenix, AZ 85008
Multiple Dwellings, Phoenix, AZ
Property SizeContact for details
Days on Market202
Property Features for 1321 N 48TH Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 8, Bathroom 1, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 3, Bathroom 4, Bedroom 1
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
Central Air, Varies by Unit, Heat Pump, Electric, Ceiling Fan(s)
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: Sep 13
Last Checked: Sep 13 at 7:06AM
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 four-unit quadplex in Phoenix contains four 2-bedroom, 1-bathroom residences with durable block construction and ceramic tile flooring. All units are fully occupied. Units 1 and 2 have been remodeled or upgraded, while Units 3 and 4 have long-term tenants. Each residence includes a private patio and washer/dryer hookups, and an exterior storage room serves Unit 4.
The property sits in a quiet cul-de-sac near McDowell Road and 48th Street, with access to major freeways, supermarkets, stores, and an elementary school across the street. Off-street parking, central air, electric heating, and a public sewer connection support the property’s operating configuration. The roof was replaced in 2017, and the water heaters were installed or replaced between 2021 and 2025. The reported cap rate is 6.4%.
The property sits in a quiet cul-de-sac near McDowell Road and 48th Street, with access to major freeways, supermarkets, stores, and an elementary school across the street. Off-street parking, central air, electric heating, and a public sewer connection support the property’s operating configuration. The roof was replaced in 2017, and the water heaters were installed or replaced between 2021 and 2025. The reported cap rate is 6.4%.
Key Highlights
- Four 2‑bedroom, 1‑bathroom units
- All 4 units fully occupied
- Units 1 and 2 recently remodeled or upgraded
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied multifamily property with private patios, ceramic tile flooring, and separate washer/dryer hookups for each residence.
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 $899,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bathroom units; All 4 units fully occupied; Units 1 and 2 recently remodeled or upgraded
