Three-Unit Residential Income
4524 North 14th Place Phoenix, AZ 85014
4524 North 14th Place, Phoenix, AZ, 85014
Contact for pricing
For Sale
Contact for pricing
Three-unit residential income property offered for sale with 1,817 SF building size.
Property Size1,817 SF
Lot Size0.19 Acres
Price / SF$440.29
Days on Market57
Property Features for 4524 North 14th Place
General Information
- Standard status
- Active
- Size
- 1,817 SF
- Lot size
- 0.19 Acres
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 1954
Listing agency
Paramount Management & Realty
(623) 979-0065
Listed by
Dave Stringham · License #BR020404000
Source
Crexi
Added: May 26 Updated: Jul 20 at 8:31PM Checked: Jul 20 at 8:31PM
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 Paramount Management & Realty
Investment Insights
Based on property information with market context.
This three-unit residential income property is offered for sale and includes a total of three units. The building measures 1,817 SF on an 8,347 SF lot, and the offering materials report scheduled income of $37,848 with operating expenses of $9,769 and NOI of $28,079.
The property is located at 4524 North 14th Place in Phoenix, AZ 85014.
As presented in the offering summary, the sale price is $799,999, reflecting $266,666 per unit and a $440.28 price per SF.
The property is located at 4524 North 14th Place in Phoenix, AZ 85014.
As presented in the offering summary, the sale price is $799,999, reflecting $266,666 per unit and a $440.28 price per SF.
Key Highlights
- 3‑unit residential income property built in 1954
- 1,817 SF building on an 8,347 SF lot
- Offered at $799,999 ($440.28 per SF; $266,666 per unit)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.0k | $19.80 |
| − Vacancy | −$2.0k | −$1.09 |
| EGI | $34.0k | $18.71 |
| − OpEx | −$10.2k | −$5.61 |
| NOI | $23.8k | $13.10 |
1,817 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$340.0K
$297.5K – $396.7K
NOI $23,799 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$302.8K
$264.9K – $353.2K
NOI $21,193 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$550.4K
$481.6K – $642.1K
NOI $38,527 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit residential income property offered for sale with 1,817 SF building size.
Where is this triplex located?
The property is located at 4524 North 14th Place Phoenix, AZ.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: 3‑unit residential income property built in 1954; 1,817 SF building on an 8,347 SF lot; Offered at $799,999 ($440.28 per SF; $266,666 per unit)
