Duplex with Separate
For Sale
$739,000
4132 N 11th St, Phoenix, AZ 85014
New construction offers two separately metered rental units with private yards and dedicated parking.
Property Size1,947 SF
Price / SF$379.56
Days on Market47
Property Features for 4132 N 11th St
General Information
Standard status
Active
Size
1,947 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Neighborhood
Encanto
Highway Access
Yes
Additional Details
Gross Income
$61,440
Multifamily Units
2
Building Details
Year Built
2025
Buildings
1
Listing Agency:
My Home Group Real Estate
(480) 685-2760
Listed By:
Jeremy Jennings · License #SA684096000
(623) 986-6650
Source:
Theazliving
Added: Sep 13
Changed: Oct 27
Last Checked: Oct 28 at 8:27AM
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 My Home Group Real Estate
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Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains approximately 1,947 square feet across two separately metered residences. The 1,102-square-foot main unit has 2 bedrooms, while the 845-square-foot second unit includes 3 bedrooms. Each residence includes modern finishes, a private yard, dedicated parking for two vehicles, and a low-maintenance design.
Both units are leased with tenants secured through August 2027, providing established occupancy for the incoming owner. Separate electric meters support independent utility management between residences. The property is near Downtown Phoenix, major hospitals, employment centers, shopping, dining, and freeway access. An identical duplex with similar leases is also available next door at 4136 N 11th St.
Both units are leased with tenants secured through August 2027, providing established occupancy for the incoming owner. Separate electric meters support independent utility management between residences. The property is near Downtown Phoenix, major hospitals, employment centers, shopping, dining, and freeway access. An identical duplex with similar leases is also available next door at 4136 N 11th St.
Key Highlights
- 2025‑built duplex totaling approximately 1,947 sq ft
- 1,102 sq ft main residence with 2 bedrooms
- 845 sq ft second unit with 3 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,501
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,020
$510.0K
Cap Rate 7%
$364,300
$364.3K
Cap Rate 9%
$283,344
$283.3K
Market Conditions
NOI Build-Up for 1,947 SF
Gross rent
$38.6K $19.80/SF
− Vacancy
−$2.1K −$1.09/SF
EGI
$36.4K $18.71/SF
− OpEx
−$10.9K −$5.61/SF
NOI
$25.5K $13.10/SF
Area
Phoenix, AZ
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,020
Cap Rate 7%
$364,300
Cap Rate 9%
$283,344
Alternative Uses
Best Use
Multifamily LT 5
$364.3K
$318.8K – $425.0K
NOI $25,501 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$324.4K
$283.9K – $378.5K
NOI $22,709 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$589.8K
$516.0K – $688.1K
NOI $41,283 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,286
Businesses Nearby
Explore this area
Business Placement
Demographics for 85014, AZ
26,381
Population
14,778
Households
1.8
Avg Household Size
37
Median Age
43%
College-Educated
90%
High-School Grad
4.0 sq mi
ZIP Area
6,595
Density / Sq Mi
$69,995
Median Household Income
$48,465
Median Earnings
$1,339
Median Rent
$447,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - New construction offers two separately metered rental units with private yards and dedicated parking.
Where is this duplex located?
The property is located at 4132 N 11th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: 2025‑built duplex totaling approximately 1,947 sq ft; 1,102 sq ft main residence with 2 bedrooms; 845 sq ft second unit with 3 bedrooms
