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Tenant-Occupied Triplex
For Sale
$480,000

1702 W Shangri La Rd, Phoenix, AZ 85029

Three separate residences feature eat-in kitchens, walk-in closets, and shared backyard access.

Property SizeContact for details
Days on Market29

Property Features for 1702 W Shangri La Rd

General Information

Standard status Active
Property subtype Multi-Family

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 3 x 2BR/1BA
Multifamily Units 3
Parking per Unit 2

Amenities

large backyard

Building Details

Year Built 2002
Listing Agency: Rosenbaum Realty Group
Listed By: Daniel Rosenbaum · License #BR636314000
Source: Searchlocalazhouses
Added: Aug 3 Changed: Aug 28 Last Checked: Aug 30 at 7:09PM

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 Rosenbaum Realty Group

Investment Insights

Based on property information with market context.

Built in 2002, this triplex contains three separate residences of approximately 700 square feet each. Every unit includes an eat-in kitchen, living room, two bedrooms with walk-in closets, and a full bathroom. Tile flooring is installed throughout high-traffic areas. Two residences are occupied, while the third is vacant and available for occupancy. Each unit has two assigned parking spaces, and residents share access to a large backyard.

The property is located at 1702 W Shangri La Rd in Phoenix, with a bus stop at the corner. Restaurants, shops, North Mountain and Shaw Butte Preserves, Peoria Ave, and Winifred Green Park are nearby. The location also provides access to the I-17 freeway.

Key Highlights

  • Three‑unit triplex with approximately 700 sq ft per residence
  • Built in 2002 with two occupied units and one vacant unit
  • Each residence includes two bedrooms, walk‑in closets, and a full bathroom

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Law Firm Cafe & Coffee Shop Parking Lot & Garage Locksmith Veterinary Clinic

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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

662
Businesses Nearby

Demographics for 85029, AZ

47,101
Population
19,723
Households
2.4
Avg Household Size
35
Median Age
22%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
5,011
Density / Sq Mi
$60,384
Median Household Income
$37,282
Median Earnings
$1,319
Median Rent
$307,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three separate residences feature eat-in kitchens, walk-in closets, and shared backyard access.
Where is this triplex located?
The property is located at 1702 W Shangri La Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Three‑unit triplex with approximately 700 sq ft per residence; Built in 2002 with two occupied units and one vacant unit; Each residence includes two bedrooms, walk‑in closets, and a full bathroom
More about this property
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