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Updated Quadplex

434 N 42ND Street, Phoenix, AZ 85008

For Sale
$550,000

Multiple Dwellings, Phoenix, AZ

Property SizeContact for details
Days on Market58

Property Features for 434 N 42ND Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R-3
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 2, Bedroom 3
Appliances Built-In Range
Subdivision LANCASTER MANORS
Elementary school district Balsz Elementary District
Middle school district Phoenix Union High School District
High school district Phoenix Union High School District
Standard status Active
APN 125-32-060-A

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 59 LANCASTER MANORS MCR 003742
Tax Annual Amount 754
Legal Description LOT 59 LANCASTER MANORS MCR 003742

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Wall Unit(s), Varies by Unit, Wall/Window Unit(s)

Building Details

Year built 1947
Number of units 4
Flooring type Tile - Ceramic
Building materials Painted, Stucco, Block
Roof type Rolled Hot Mop
Listing Agency: My Home Group Real Estate
Listed By: KatiAnn Craciunescu · License AZ SA678231000
Added: Sep 17 Changed: Nov 13 Last Checked: Nov 13 at 11:06PM
MLS# 7081512

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 four-unit residential income property was built in 1947 and carries R-3 zoning. Each unit was updated in 2020 with new flooring, kitchen and bathroom improvements, roofing work, and mini-split or window-unit cooling. The property includes ceramic tile flooring, electric heating, a built-in range, stucco and block construction, and a rolled hot-mop roof.

Located at 434 N 42ND Street in Phoenix, the property is positioned near Downtown Phoenix, Tempe and ASU, Arcadia, and Scottsdale. Public sewer serves the site. All units are currently occupied, providing an existing residential configuration for an investor seeking a multifamily asset.

Key Highlights

  • Four‑unit property with all units fully occupied
  • R‑3 zoning in Phoenix
  • All units updated in 2020

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

979
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Quadplexes in Phoenix

Jul
Aug
Sep
Oct

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 - Fully occupied four-unit property with R-3 zoning and unit updates completed in 2020.
Where is this quadplex located?
The property is located at 434 N 42ND Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four‑unit property with all units fully occupied; R‑3 zoning in Phoenix; All units updated in 2020
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