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Four-Unit Property with Courtyard
For Sale
$669,000

3849 N 23RD Drive, Phoenix, AZ 85015

Multiple Dwellings, Phoenix, AZ

Property SizeContact for details
Days on Market104

Property Features for 3849 N 23RD Drive

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R-3
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 8, Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 7, Bedroom 6, Bedroom 1
Parking features On Street
Exterior features Sidewalk(s)
Appliances Disposal, Refrigerator, Built-In Electric Oven, Microwave
Subdivision GERARDO PARK LOTS 1-10
Elementary school Westwood Elementary School
Middle school Choice Learning Academy
High school Central High School
Elementary school district Alhambra Elementary District
Middle school district Phoenix Union High School District
High school district Phoenix Union High School District
Directions From Indian School head South on N. 23rd Ave., West on Fairmount Ave., South on 23rd Dr., 2nd property on East Side.
Standard status Active
APN 110-04-026

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 36 GERARDO PARK LOTS 1-10 MCR 004023
Tax Annual Amount 2001
Legal Description LOT 36 GERARDO PARK LOTS 1-10 MCR 004023

Utilities

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

Amenities

community courtyard
storage/laundry room

Building Details

Year built 1984
Number of units 4
Flooring type Carpet, Laminate, Tile
Building materials Painted, Stucco, Block
Roof type Composition
Listing Agency: HomeSmart
Listed By: Jeffery Chesleigh · License #SA014098000
Added: May 29 Changed: Aug 25 Last Checked: Sep 9 at 11:06PM
MLS# 7034632

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 quadplex includes four two-bedroom, one-bathroom residences arranged across two separate buildings. Each unit includes a dedicated storage and laundry room. The property also features a shared courtyard with open outdoor space, along with refrigerators, built-in electric ovens, microwaves, and disposals. Construction includes stucco and block materials, with carpet, laminate, and tile flooring. Electric heating, heat-pump cooling, and ceiling fans serve the units.

The property is located at 3849 N 23RD Drive in Phoenix, with sidewalks and on-street parking. Grand Canyon University is approximately 2 miles away, and the site is also positioned for access to downtown Phoenix, midtown Phoenix, and Steel Indian School Park. Public sewer serves the property, which was built in 1984 and is zoned R-3. All tenants are on month-to-month leases.

Key Highlights

  • Four‑unit quadplex with four 2‑bedroom, 1‑bathroom residences
  • Two separate buildings on a large lot
  • Shared courtyard with open outdoor gathering space

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Locksmith Catering Service (Bike/Boat/Book/etc) Store Bakery

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

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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Quadplex - Two-building residential income property with shared outdoor space and individual storage and laundry rooms.
Where is this quadplex located?
The property is located at 3849 N 23RD Drive Phoenix, AZ.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Four‑unit quadplex with four 2‑bedroom, 1‑bathroom residences; Two separate buildings on a large lot; Shared courtyard with open outdoor gathering space
More about this property
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