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Four-Unit Quadplex with Renovated Units
For Sale
$660,000

377 North 15th Street, Phoenix, AZ 85006

Four residential units share a consistent two-bedroom, one-bath layout with central cooling and electric service.

Property SizeContact for details
Days on Market14

Property Features for 377 North 15th Street

General Information

Standard status Active
Property subtype Multiple Dwellings
Zoning R-4
Net Operating Income $38,874

Financials

Gross Income $53,160
Average Monthly Rent $1,107

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $1,803

Amenities

Electric
Central
Laminate, Carpet
Yes
8
4
Composition
No Pool
1
Stucco, Block, Slump Block

Building Details

Year Built 1983
Buildings 1
Listing Agency: Compass
Listed By: Zachary Coty · License #SA697361000
Source: Compass
Added: Jul 30 Changed: Aug 11 Last Checked: Aug 11 at 12:34PM

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 Compass

Investment Insights

Based on property information with market context.

Built in 1983, this R-4-zoned quadplex contains four two-bedroom, one-bath residences, each approximately 650 square feet. Three units have undergone renovation, and two HVAC systems were replaced within the last 2-4 years. Interior finishes include laminate and carpet, while the exterior combines stucco, block, and slump block construction with a composition roof. The property also includes four separate units and no pool.

Located at 377 North 15th Street in Phoenix, the property sits within the Garfield Historic District, with stated proximity to Roosevelt Row and walkable access to surrounding neighborhood amenities. Its four-unit configuration and consistent floor plans provide a straightforward multifamily layout for continued residential use.

Key Highlights

  • Four 2‑bedroom, 1‑bath units, each approximately 650 square feet
  • Three of four units have been renovated
  • Two HVAC systems replaced within the last 2‑4 years

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Bakery (Bike/Boat/Book/etc) Store Catering Service Florist

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

2,758
Businesses Nearby

Demographics for 85006, AZ

23,797
Population
10,607
Households
2.2
Avg Household Size
34
Median Age
27%
College-Educated
78%
High-School Grad
4.0 sq mi
ZIP Area
5,949
Density / Sq Mi
$60,742
Median Household Income
$39,899
Median Earnings
$1,168
Median Rent
$376,600
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?
Quadplex - Four residential units share a consistent two-bedroom, one-bath layout with central cooling and electric service.
Where is this quadplex located?
The property is located at 377 North 15th Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units, each approximately 650 square feet; Three of four units have been renovated; Two HVAC systems replaced within the last 2‑4 years
More about this property
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