Two-Unit Residential
For Sale
$639,900
3753 E POLK Street, Phoenix, AZ 85008
Multiple Dwellings, Phoenix, AZ
Property Size2,340 SF
Price / SF$273.46
Days on Market100
Property Features for 3753 E POLK Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 3, Bedroom 5, Bedroom 3, Bathroom 1, Bathroom 4, Bedroom 4, Bathroom 2, Bedroom 6, Bedroom 1
Parking features
Carport
Exterior features
Rain Gutters
Appliances
Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Subdivision
GATEWAY PARK
Elementary school district
Balsz Elementary District
Middle school district
Phoenix Union High School District
High school district
Phoenix Union High School District
Directions
Head toward Washington St. Turn left onto N 40th St. Turn left onto E Van Buren St. Turn right onto N 38th St. Turn left onto E Polk St. Home will be on the left.
Standard status
Active
APN
121-14-005
Taxes and HOA fees
Tax Year
2025
Tax Description
GATEWAY PARK
Tax Annual Amount
3580
Legal Description
GATEWAY PARK
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
2022
Number of units
2
Flooring type
Vinyl
Building materials
Wood Frame, Painted, Stucco
Roof type
Built-Up
Buildings
1
Listing Agency:
My Home Group Real Estate
(480) 685-2760
Listed By:
Belinda W Li · License #SA670656000
(602) 391-7534
Added: Jul 27
Changed: Nov 2
Last Checked: Nov 3 at 1:06AM
MLS# 7059177
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.
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Investment Insights
Based on property information with market context.
Built in 2022, this R-3-zoned duplex contains two residences with approximately 2,340 total square feet. Each home has three bedrooms and two bathrooms, with an open living plan and a kitchen appointed with quartz counters, white cabinetry, stainless steel appliances, and a peninsula breakfast bar. Vinyl flooring, recessed and pendant lighting, central air, and ceiling fans are among the interior features. The primary bedroom in each residence includes a walk-in closet and a private bathroom with a tub-and-shower combination.
The property also includes carport parking, rain gutters, and public sewer service. Construction materials include wood frame and stucco, with a built-up roof.
The property also includes carport parking, rain gutters, and public sewer service. Construction materials include wood frame and stucco, with a built-up roof.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Approx. 2,340 total sq ft
- Built in 2022; zoned R‑3
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,364
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,280
$527.3K
Cap Rate 7%
$376,629
$376.6K
Cap Rate 9%
$292,933
$292.9K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$40.7K $17.40/SF
− Vacancy
−$3.1K −$1.31/SF
EGI
$37.7K $16.10/SF
− OpEx
−$11.3K −$4.83/SF
NOI
$26.4K $11.27/SF
Area
ZIP 85008
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,280
Cap Rate 7%
$376,629
Cap Rate 9%
$292,933
Alternative Uses
Best Use
Multifamily LT 5
$376.6K
$329.6K – $439.4K
NOI $26,364 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$350.7K
$306.9K – $409.1K
NOI $24,548 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$723.2K
$632.8K – $843.7K
NOI $50,621 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both homes feature open living areas, three bedrooms, two bathrooms, and kitchens with quartz counters and breakfast bars.
Where is this duplex located?
The property is located at 3753 E POLK Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Approx. 2,340 total sq ft; Built in 2022; zoned R‑3
