Phoenix Duplex with
1523 W HADLEY Street Phoenix, AZ 85007
1523 W HADLEY Street, Phoenix, AZ, 85007
$715,000
Pending
For Sale
$715,000
Pending
MULTI_FAMILY - Phoenix, AZ
Property Size2,437 SF
Days on Market374
Property Features for 1523 W HADLEY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- R3
- Parking features
- On Street
- Appliances
- Built-In Range, Disposal, Dishwasher, Microwave, W/D Hookup
- Standard status
- Pending
- APN
- 112-14-092
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- STEVE RAYBURN SUB
- Tax Annual Amount
- 311
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric
Building Details
- Year built
- 2025
- Number of units
- 2
- Flooring type
- Tile - Ceramic
- Building materials
- Wood Frame, Painted, Stucco
- Roof type
- Composition
Listing agency
eXp Realty
(888) 897-7821
Listed by
Ivan Dominguez
(602) 516-6268
Added: Jul 13, 2025 Updated: Jul 18 at 12:31PM Checked: Jul 21 at 1:06PM
MLS# 6892141
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 Phoenix duplex features a total of 2,437 square feet under roof, with each unit offering 1,870 square feet of livable space. Each unit includes 3 bedrooms, 3 bathrooms, and a 1-car carport. The kitchens are equipped with quartz countertops and stainless steel appliances. Each unit also has an in-home laundry room. The property offers flexible living options, suitable for owner-occupancy with rental income potential or full rental property use. The property is not subject to HOA fees. The zoning is R3.
Key Highlights
- Dual income potential: live in one unit and rent the other.
- Spacious units: each unit boasts 1,870 livable SQFT with 3 bedrooms and 3 bathrooms.
- Modern kitchens with quartz countertops and stainless steel appliances in each unit.
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 | $48.3k | $19.80 |
| − Vacancy | −$2.7k | −$1.09 |
| EGI | $45.6k | $18.71 |
| − OpEx | −$13.7k | −$5.61 |
| NOI | $31.9k | $13.10 |
2,437 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$456.0K
$399.0K – $532.0K
NOI $31,919 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$406.1K
$355.3K – $473.7K
NOI $28,424 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$738.2K
$645.9K – $861.2K
NOI $51,673 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Spacious duplex in Phoenix with modern amenities and carports.
Where is this duplex located?
The property is located at 1523 W HADLEY Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Dual income potential: live in one unit and rent the other.; Spacious units: each unit boasts 1,870 livable SQFT with 3 bedrooms and 3 bathrooms.; **Modern kitchens** with quartz countertops and stainless steel appliances in each unit.
