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Three-Unit Residential Income Property
For Sale
$649,990

2831 E MOBILE Lane, Phoenix, AZ 85040

Multiple Dwellings, Phoenix, AZ

Property SizeContact for details
Days on Market192

Property Features for 2831 E MOBILE Lane

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R3
Bedrooms 8
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 8, Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 7, Bathroom 5, Bedroom 6, Bedroom 1
Appliances Free-Standing Range, Free-Standing Electric Oven
Subdivision WIER ESTATES LOTS 11-32 53-74
Elementary school Percy L Julian School
Middle school Percy L Julian School
High school South Mountain High School
Elementary school district Roosevelt Elementary District
Middle school district Phoenix Union High School District
High school district Phoenix Union High School District
Directions 32nd St. south of Broadway Rd to Mobile lane, west to property.
Standard status Active
APN 122-61-060-A

Taxes and HOA fees

Tax Year 2025
Tax Description WIER ESTATES LOT 87 E2
Tax Annual Amount 973
Legal Description WIER ESTATES LOT 87 E2

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating), Forced Air
Cooling system Multi Units, Electric, Central Air

Building Details

Year built 1985
Number of units 3
Flooring type Carpet, Tile - Ceramic, Laminate, Tile
Building materials Wood Frame, Painted, Stucco
Roof type Composition
Listing Agency: RE/MAX Fine Properties · RE/MAX International
Listed By: Tim O'Buckley
Added: Feb 20 Changed: Aug 25 Last Checked: Aug 31 at 10:06AM
MLS# 6987508

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 1985 triplex includes three residential units: two three-bedroom, two-bath residences measuring 1,131 SF and 1,209 SF, along with a two-bedroom, one-bath unit measuring 698 SF. The upper three-bedroom residence has a city view. Construction features include wood framing, painted stucco, and a composition roof, with carpet, tile, ceramic tile, and laminate flooring across the property.

Mechanical improvements include two HVAC units replaced in 2025, while the water heaters were replaced within the past five years. Cooling is provided by central air with multiple electric units, and heating includes forced air and heat pump systems. The property has public sewer service and includes a free-standing range and free-standing electric oven. Located in Phoenix, Arizona, the triplex is designated R3.

Key Highlights

  • Three‑unit configuration with two 3 BR/2 BA residences and one 2 BR/1 BA unit
  • Unit sizes are 1,131 SF, 1,209 SF, and 698 SF
  • Upper 3 BR unit includes a city view

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Pharmacy Nail Salon Grocery & Convenience Store

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

Location Intelligence

Trade Area within ½ mile

636
Businesses Nearby

Demographics for 85040, AZ

33,993
Population
11,962
Households
2.8
Avg Household Size
30
Median Age
15%
College-Educated
69%
High-School Grad
10.1 sq mi
ZIP Area
3,366
Density / Sq Mi
$57,890
Median Household Income
$36,355
Median Earnings
$1,193
Median Rent
$294,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - R3-zoned triplex with two larger floor plans and one two-bedroom unit.
Where is this triplex located?
The property is located at 2831 E MOBILE Lane Phoenix, AZ.
What is the asking price?
The asking price for this property is $649,990.
What are key features of this property?
This property features: Three‑unit configuration with two 3 BR/2 BA residences and one 2 BR/1 BA unit; Unit sizes are 1,131 SF, 1,209 SF, and 698 SF; Upper 3 BR unit includes a city view
More about this property
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