Turnkey 3-Unit Multifamily
3020 E Yale St Phoenix, AZ 85008
For Sale
Contact for pricing
Fully renovated three-unit property with in-unit washer/dryer and updated interiors and exterior improvements throughout.
Property Size2,345 SF
Price / SF$362.05
Days on Market100
Property Features for 3020 E Yale St
General Information
Standard status
Active
Size
2,345 SF
Property subtype
Multifamily
Building Details
Year Built
1961
Listing Agency:
Matthews
Listed By:
Brad Skenderian · License #SA692958000 (AZ)
Source:
Crexi
Added: Apr 20
Changed: Jul 22
Last Checked: Jul 27 at 10:38AM
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 Matthews
Investment Insights
Based on property information with market context.
3020 E Yale St presents a fully renovated 3-unit multifamily community originally constructed in 1961. The property has undergone comprehensive interior and exterior upgrades and is currently vacant. Each unit includes modern finishes such as in-unit washer and dryer, quartz countertops, laminate wood-style flooring, new shaker-style cabinetry, and walk-in showers. Exterior improvements include fresh paint, new asphalt, updated landscaping, and the addition of perimeter fencing and turf.
The property is located in the East Phoenix submarket with convenient access to major transportation corridors including Loop 202 and State Route 51. The surrounding area includes retail, dining, and lifestyle amenities, with proximity to Arcadia, the Biltmore Corridor, and Downtown Phoenix. Nearby points of interest include Sky Harbor International Airport, Papago Park, Desert Botanical Garden, and Arizona State University.
This vacancy provides flexibility for immediate leasing upon ownership, including the option for an owner-occupant to reside in one unit while generating income from the remaining units.
The property is located in the East Phoenix submarket with convenient access to major transportation corridors including Loop 202 and State Route 51. The surrounding area includes retail, dining, and lifestyle amenities, with proximity to Arcadia, the Biltmore Corridor, and Downtown Phoenix. Nearby points of interest include Sky Harbor International Airport, Papago Park, Desert Botanical Garden, and Arizona State University.
This vacancy provides flexibility for immediate leasing upon ownership, including the option for an owner-occupant to reside in one unit while generating income from the remaining units.
Key Highlights
- Fully renovated 3‑unit multifamily community built in 1961
- Each unit features in‑unit washer/dryer, quartz countertops, laminate wood‑style flooring, new shaker‑style cabinetry, and walk‑in showers
- Exterior upgrades include fresh paint, new asphalt, updated landscaping, perimeter fencing, and turf
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 | $40.8k | $17.40 |
| − Vacancy | −$3.1k | −$1.31 |
| EGI | $37.7k | $16.10 |
| − OpEx | −$11.3k | −$4.83 |
| NOI | $26.4k | $11.27 |
2,345 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$377.4K
$330.3K – $440.3K
NOI $26,420 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$351.4K
$307.5K – $410.0K
NOI $24,601 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$724.7K
$634.1K – $845.5K
NOI $50,729 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Fully renovated three-unit property with in-unit washer/dryer and updated interiors and exterior improvements throughout.
Where is this triplex located?
The property is located at 3020 E Yale St Phoenix, AZ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Fully renovated 3‑unit multifamily community built in 1961; Each unit features in‑unit washer/dryer, quartz countertops, laminate wood‑style flooring, new shaker‑style cabinetry, and walk‑in showers; Exterior upgrades include fresh paint, new asphalt, updated landscaping, perimeter fencing, and turf
