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4-Unit Apartment Building
For Sale
$699,900

3823 N 23RD Drive, Phoenix, AZ 85015

Multiple Dwellings, Phoenix, AZ

Property SizeContact for details
Days on Market101

Property Features for 3823 N 23RD Drive

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Multi
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 8, Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 4, Bedroom 6, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 7
Security features Security Lighting
Exterior features Sidewalk(s)
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator
Subdivision GERARDO PARK LOTS 11-39
Elementary school district Alhambra Elementary District
Middle school district Phoenix Union High School District
High school district Phoenix Union High School District
Standard status Active
APN 110-04-021

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 31 GERARDO PARK LOTS 11-39 MCR 004023
Tax Annual Amount 2322
Legal Description LOT 31 GERARDO PARK LOTS 11-39 MCR 004023

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating), Electric (Heating)
Cooling system Heat Pump, Electric

Amenities

French doors
spacious front deck or patio area
private fenced yards

Building Details

Year built 1985
Number of units 4
Flooring type Tile - Ceramic
Building materials Wood Frame, Stucco
Roof type Composition
Listing Agency: eXp Realty
Listed By: Joshua Zuniga
Added: Jul 21 Changed: Oct 28 Last Checked: Oct 29 at 3:06AM
MLS# 7056928

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.

Rey
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Investment Insights

Based on property information with market context.

This 4-unit apartment property was built in 1985. Each residence has 2 bedrooms, 1 bathroom, and 926 square feet. Three units are occupied; the fourth is vacant. French doors open to a deck or patio at each unit, and the lower-level residences have fenced yards.

The building has wood-frame and stucco construction, ceramic tile flooring, and a composition roof. Heating and cooling are provided by electric heat-pump systems. Kitchens include a range, disposal, dishwasher, and refrigerator. The property is served by public sewer and is zoned Multi.

Key Highlights

  • Four residences, each with 2 bedrooms, 1 bathroom, and 926 square feet
  • Three units occupied; Unit 4 is vacant and available for viewing
  • French doors connect each residence to a deck or patio

Property Analytics

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Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

909
Businesses Nearby

Demographics for 85015, AZ

41,436
Population
17,889
Households
2.3
Avg Household Size
33
Median Age
25%
College-Educated
78%
High-School Grad
4.9 sq mi
ZIP Area
8,456
Density / Sq Mi
$52,585
Median Household Income
$36,456
Median Earnings
$1,227
Median Rent
$312,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Three residences are occupied, while the fourth is vacant and available for viewing.
Where is this quadplex located?
The property is located at 3823 N 23RD Drive Phoenix, AZ.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Four residences, each with 2 bedrooms, 1 bathroom, and 926 square feet; Three units occupied; Unit 4 is vacant and available for viewing; French doors connect each residence to a deck or patio
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